The central government has decided to stop providing the subsidy to the foreign students studying in various IITs across India. The decision made in a recent development which might appear as a sad situation for the foreign students, however, there are no such foreign students so far admitted to the IITs.
After this decision of cutting off the subsidy charges, as a result, the annual fee of the IITs i.e close to 6 lacs per annum is to be paid by the foreign candidates without availing any subsidy in annual charges. However, they would still be eligible for the scholarship through ICCR and institution funding programs.
Since a long time, the central government has been planning for the decision to cut off the subsidies for the foreign students, which may directly lead to the hike of the Annual Fee for the foreign candidates. Following the last IIT Council meeting which was held in September this year, the IITs jointly will hold the entrance tests for admissions to Indian Institute of Technology IIT for the foreign students in UAE, Singapore, Ethiopia, and in SAARC nations except for Pakistan, starting from next year.
“IITs are hoping to attract more international students from next year, and this will increase their revenue to a certain extent. At the same time, it will make the institutes more diverse,” said a senior HRD official.
key Highlights of the Fee Hike
- The IIT Council directed Devang Khakar, IIT Mumbai director, is suggested to make a report on how much fees foreign students will have to pay for the program.
- It is speculated that the government spends a sum of Rs 6 lakh on educating the foreign student at IITs, while a sum of Rs 2 lakh was spent on domestic students which have given rise to the decision.
- Government have finalised the decision of paying 6 lacs by the foreign students annually if admitted to the IITs across the country excluding the subsidy from now onwards.
- Following the last IIT Council meeting held in September this year, the IIT will hold entrance tests for the foreign students in UAE, Singapore, Ethiopia, and in SAARC nations except for Pakistan, starting from next year which will be similar to the Pen and Paper based test held in India.