IIT-Delhi slashes fees for foreign students by up to 96%
What's the story
On Friday, IIT-Delhi announced that it had decided to slash tuition fees for foreign students.
The premier engineering institute said that it had come to a decision wherein fees for undergraduate foreign students would be slashed by 31%, while tuition fees for foreign doctorate students would be cut by a whopping 96%.
Here are the details.
Revised fees
Revised fees for foreign students
Under the revised free structure, undergraduate foreign students at IIT-Delhi will be charged Rs. 200,000 per annum, down from Rs. 290,000 earlier.
Meanwhile, foreign students pursuing a PhD will have to pay as little as Rs. 10,000 per annum - a massive reduction from the Rs. 290,000 per annum they were required to pay earlier.
Other details
IIT-Delhi wants a global standing with more foreign students
The move comes as part of IIT-Delhi's efforts to attract more foreign students and transform the institute to one of global excellence.
At present only 1% of IIT-Delhi students are foreigners.
The move is also significant, considering that IITs were planning to double tuition fees for foreign students from the current $4,000 per annum to $8,000 per annum, keeping in line with global trends.
Quote
IIT-Delhi Director: Not looking to make money from students
"We are not looking to make money from students. Our board has approved the new fee structure to be effective from the next academic year. We want to internationalise the institution in terms of students, faculty and research collaborations," said IIT-Delhi Director, V Ramgopal Rao.