Currently, annual fee of IIT is close to Rs 90000 which is proposed to be increased threefold approved by an IIT panel. However, the final decision would require the nod of HRD minister Smriti Irani.
Another key proposal is to have the new entrance examination designed to test the aptitude, conducted by National Authority of Test (NAT) from 2017 onwards. This too was made by the standing committee of IIT council (SCIC). But the final decision will be taken by the minister.
Actually, fees hike recommendation was presented earlier by a sub-committee headed by IIT-Bombay director Devang Khakhar in a meeting by the SCIC, a body comprising IIT directors and senior officials. He also proposed multiple sources of financing for the IITs.
This fees hike might not be applicable to students studying at postgraduate level as they are studying on a fellowship basis and the subcommittee has been again asked to consider the decision.
Not only Indian but foreign students fees will also be hiked from current annual $4,000 to $10,000.
Every student would be provided educational loans at an interest- free basis and without collateral under the Vidyalakshmi scheme emphasized the committee.
The committee has also given approval to the proposal to hold IIT admission tests in eight countries abroad to attract the best of foreign students.
Another recommendation approved was of a committee of eminent persons headed by Ashok Mishra for holding an aptitude test conducted by National Testing Service, on the basis of which candidates will be shortlisted for taking JEE (Advanced) for entry to IITs.
This is basically to reduce dependency on coaching institutes by IIT aspirants. The test will be conducted next year onwards.
The idea is to provide best quality teachers through online platforms by the government, reducing the need that candidates may feel for private tuitions.