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15% hike in MBBS fee?

15% hike in MBBS fee?
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15% hike in MBBS fee? The fee structure for MBBS course is likely to go in for steep hike- probably to the tune of 15-20 per cent (on an average) from...

Hyderabad: The fee structure for MBBS course is likely to go in for steep hike- probably to the tune of 15-20 per cent (on an average) from this year. The meetings of representatives of private medical colleges with the Admission and Fee Regulatory Committee (AFRC) have been going on since March 12 and will conclude on March 24. The committee, headed by retired judge Justice Krishna Mohan Reddy, has to decide the fee structure for three academic years- 2014-17.

According to well-placed sources, the fee hike will be totally based on the actual submitted by the college managements. The managements have been demanding hike between Rs 7 lakh to 13 lakh for their quota of seats. They have also urged the AFRC to consider adding 10 percent ‘inflationary adjustment’ each year in view of the rising costs.
“AFRC team has patiently heard our views and we hope a positive outcome,” Dr Ganni Bhaskara Rao, General Secretary of Private Medical College Association told The Hans India on Friday.
As far as my college is concerned, I requested for a hike of Rs 7-8 lakhs and I strongly hope it will be acceded to, he added.
Sources said Narayana College of Nellore has demanded a tuition fee of Rs 13 lakhs to each student as it has spent crores of rupees on developing infrastructure, paying lakhs of rupees to its faculty etc.
There are 24 private general medical colleges and 19 dental colleges in the state. The fee structure is being divided in three categories namely A (Convener quota); B (Convener-cum-management) and C (management). The existing fee per annum per student is: Rs 60,000 for A; Rs 2.40 lakh for B and Rs 5.5 lakhs for C category seats. This structure has been implemented for three years since 2010. As per Supreme Court ruling, the fee has to be revised for every three years but the colleges have urged deferment of revision last year and it is now taking place.
Some of the elite private colleges like Apollo, Kamineni, Malla Reddy, Mamata and Narayana have reportedly demanded that they be allowed to collect a fee between Rs 13 lakh and 20 lakh.
The AFRC is unlikely to agree for this hike and they may increase the convener quota to around 75,000 the committee may decide variable fee structure to colleges depending upon their returns, infrastructure and faculty salaries etc sources said. "The new fee structure is likely to be finalised by the month-end itself and a report will be sent to the Governor in the first week of April," an official of the AFRC said.
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