Proposal will be discussed with HRD minister Smriti Irani; Government willing to take care of minimum expenditure
A proposal to raise tuition fee at the Indian Institutes of Technology from ' 90,000 to ' 2.5 lakh a year will be discussed at a meeting of the HRD minister Smriti Irani-led IIT council on Tuesday.
The rationale being cited for raising the fee is that the government should only take care of the planned expenditure on labs, equipment and libraries and that running costs of staff salaries, housekeeping, water and electricity, etc, should be borne by the students.
The hike, if approved, will be the steepest in recent years as the fee was raised from ' 25,000 to ' 50,000 in 2008 and revised further to ' 90,000 in 2013.
A committee headed by scientist Anil Kakodkar had suggested raising the fee to ' 2.25 lakh to meet the running expenses through student fees.
The average starting salary for IITians is between ' 8 lakh and ' 10 lakh per annum while a few graduates end up getting placed at over ' 1 crore.
An IIT- Bombay student received a salary package of ' 2 crore from Facebook this year.