IIMs Evade Poor; Becomes Costlier

Anindya Sen, Dean - academics of IIM-C, was quoted stating to TOI that, "The tuition fee hike is impending since there has not been a hike for four years now. The rhetoric at IIM-C is in favour of the hike since it's really becoming difficult to run the institute without an increase in tuition fee". And he added that, though nothing is decided, the revised tuition fee should be somewhere around 14.5 lakh and 15 lakh.

Four years ago, IIM-C was criticized for its decision to hike its tuition fee from 9 lakh to 13.5 lakh. Many felt that such steep increase in fee at one go is not an ideal option and they exclaimed that a gradual-hike policy was a better alternative. Even some faculty members echoed this sentiment. In the words of Ashoke Banerjee, Dean - programmes initiatives of IIM-C, "This comes as a shock to students and I am against it. An increase in tuition fee is most likely but I am in favour of a gradual hike given the all-round price scenario".

Sanjit Singh, the admissions Chairperson of the institute, said that, "You cannot have such disparity between the big IIMs when it comes to tuition fees. This clearly shows the kind of stress IIM-C is already suffering. The hike will have to happen before the new batch joins in June 2014".

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