IIM-A raises fees by more than 100%
The fees for post graduate progrmme has been increased to Rs 5.50 lakh for the first year, Rs 6 lakh for the second year. Biz week in pics | Day in pics
By PTI |
AHMEDABAD: The Indian Institute of Management, Ahmedabad (IIM-A) on Saturday decided to effect a sharp hike in fees for its post graduate programme from next year.
The fees for post graduate progrmme has been increased to Rs 5.50 lakh for the first year, Rs 6 lakh for the second year of the two year post-graduate programme for the batch joining in June 2008.
"The Board of IIM-A reviewed the cost structure of the two-year PGP programme. After an extensive discussion, the Board unanimously decided increase the fees," Chairman of IIM-A Board of Governors and Society Vijaypat Singhania said.
Till last year, the fees of the IIM-A was Rs 2.50 lakh. The top business school has decided to raise the fees by more than 100 per cent.
The fees for post graduate progrmme has been increased to Rs 5.50 lakh for the first year, Rs 6 lakh for the second year of the two year post-graduate programme for the batch joining in June 2008.
"The Board of IIM-A reviewed the cost structure of the two-year PGP programme. After an extensive discussion, the Board unanimously decided increase the fees," Chairman of IIM-A Board of Governors and Society Vijaypat Singhania said.
Till last year, the fees of the IIM-A was Rs 2.50 lakh. The top business school has decided to raise the fees by more than 100 per cent.
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The decision was taken in a Board of Governors' meeting here today.
The board reiterated the commitment that no deserving student would be deprived of an opportunity to study in IIM-A on account of lack of financial resources, Singhania said.
"The board has therefore decided to triple the annual family income limit from Rs 2 lakh to Rs 6 lakh for a student to be eligible for financial support," he said.
"Graded need-based financial aid will be available to eligible students who qualify for financial support," he said.
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