No question of roll back of fee hike: IIM-A

The Indian Institute of Management, Ahmedabad's Board of Governors ruled out roll back of fee hike.

The Indian Institute of Management, Ahmedabad’s (IIM-A) Board of Governors on Saturday ruled out roll back of fee hike amidst voice of dissent from within.

“Fee hike issue did come up for discussion in the Board meeting. The graded system for fees that we have put into effect from this year was presented to the Board members,” IIM-A Director Sameer Barua said, adding there was ‘no question of roll back of fee hike’.

“You have to understand that we have implemented a graded system. Our maximum fee is Rs 5.5 lakh per year in post – graduate programme but it is also zero for students whose family income is very low,” Barua said.

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“The average fee which we will earn from the batch will be around Rs 4.2 lakhs per students considering the massive financial assistance given by the institute to students coming from lower income group,” he further said.

“All the students coming from the OBC quota will get the benefits of the financial subsidy as they come from income group of below Rs 2.5 lakh due to the exclusion of creamy layer’ as per the judgement of the Supreme Court,” Barua said.