There has been a proposal for threefold hike annual fees of IITs by the Standing Committee of IIT Council (SCIC). Currently the annual fees of IITs areRs. 90,000, after the hike it would be Rs.3 lakh.
Standing Committee of IIT Council (SCIC) also recommended holding an entrance examination to test the aptitude of the candidates conducted by the National Authority of Test (NAT) from 2017 onwards.
If the proposals of SCIC are accepted, the foreign students will also have to pay $ 10,000 from current $ 4000.
The committee has also recommended holding admission tests in eight countries abroad to attract the best of foreign students.
The committee has also stressed that every student should be provided educational loans at an interest-free basis without any collateral under the Vidyalakshmi scheme.
SCIC is a body comprising IIT directors and senior officials.