Students to Pay 9.7 Lakh Per Year
IIMs are often in the news for raising their tuition fees.IIM-Kozhikode
has bucked that trend, and has decided to roll back its tuition fees by Rs. 30,000
per annum for its prestigious post-graduate programme from the 2012-13 academic
The reduction is 3% of the total fee, and students would have to pay around Rs. 9.7
lakh per annum. Director Debashis Chatterjee told TOI the decision has been taken
to protect students from the inflationary pressures in the economy. He said, we
have observed that during the last two years the student loan rates have increased
between 2% to 4% per annum putting additional burden on the students. As a socially
conscientious institute, IIM-K believes that its students be protected from steep
increase in fee as most of our students avail student loans for their studies. Ten
per cent of our students come from families that have an annual income of Rs. 1
lakh or less. He added, IIM-Kozhikode has decisively shifted its orientation from
exclusive elitism to inclusive excellence.
Chatterjee admitted that the Rs. 30,000 fee-waiver would result in the IIM-Ks loss
of revenue of about Rs. 1.2 crore annually. We will also be increasing our post-graduate
programme intake to 400 students from the academic session 2012-13, in spite of
serious constraints in our infrastructure and acute water scarcity. This will offset
the reduction in our income. At present, the PG programmes strength is 320.
Besides slashing the fee, Chatterjee is proposing to introduce a group
of scholarships to support high achievers and contributors to the national cause.
It has been decided to give full fee-waiver to 1% of students, having proven record
of excellence in academics, sports, extracurricular or social activities through
awards or recognitions at national or international level. Full fee waiver would
also be given to children of martyrs belonging to military, para-military or police
personnel, who died in action. Half fee-waiver would be granted to children of defence
or allied services, who were injured during action. Partial fee-waiver would be
given to all students, who get admitted under the category of persons with disability.
Courtesy: Times of India