Dreaming of a career in engineering, MBA or MCA? Get ready to pay more. The fee regulatory committee for professional colleges on Tuesday declared the new fee structure for 429 professional colleges. The hike of fees is in range of 15-40%.
The committee has also declared the fee structure for the next three academic years. This will be applicable in self-financed colleges providing degree and diploma courses in engineering and pharmacy; master's degrees in business administration, computer applications, engineering, pharmacy; and bachelor's degrees in architecture and hotel and tourism management.
The committee said that though the fee hike for the next three year has been proposed, a student who is enrolled in year 2011-12 will pay the same fee for the entire course duration.
Citing an example, an official of the committee said that the fee fixed for Nirma Institute of Technology for the year 2011-12 is Rs. 73,000. If a student enrolls in the college in the year 2011-12 for the B.E course, he would pay Rs. 73,000 per annum for the entire tenure of his course.
I. B. Peerzada, member secretary of the fee regulatory committee said, "Students will not be required to pay the increase every year. This was a very challenging task. The committee has arrived at the conclusion after meeting students, considering books of accounts of colleges and evaluating infrastructure and staff of each particular college."
The fee committee evaluated each college on 24 different parameters, he said. Each college was graded in five different categories ranging from excellent to poor before deciding the fees.
About 50 meetings of the committee were held to fix the fee structure. The committee member secretary said the fee declared included tuition, library, laboratory, and computer and even caution money. "The college will not be allowed to charge any other fee under any head. If we find that a college charging more fees under a different head, action will be taken against the college."
The committee is yet to declare the fee structure for 25 colleges, who have filed litigations. Officials said that for a engineering degree course, the fee structure was between Rs. 42,000 - 1.20 lakh. The existing structure was Rs. 28,000 - 1.20 lakh.
The maximum fee was in Pandit Deendayal Petroleum University. The fee committee has fixed a fee of Rs. 1.20 lakh for the petroleum technology course, while the fee for the remaining courses is Rs. 75,000.
Officials said that the every year there would be an increase of around Rs. 3,000 to Rs. 5,000 per annum in the fees applicable for the next three academic years.
Chairman of the committee former justice Akshay Mehta said, "This was a very challenging job. When I joined the committee, I was under the impression that it was a simple calculation, but to give justice to all, it was found to be more challenging."
Courtesy: Times of India