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Medical education has become a costly affair in the past two to three years where most of the private medical colleges made money by collecting heavy capitation fee from the students. The tendency was more prevalent in the previous academic year. Most of the students expressed their concern and raised complaints about the high capitation fee.
With an objective to regulate the fee hike, the Fee Regulatory Authority has come up with a restriction according to which the private medical colleges will not be allowed to hike the fee by more than 10%. The decision will surely help the medical aspirants and regulate private medical colleges exempting them from collecting high capitation fee. Moreover, NEET has been made mandatory for seeking admission to medical courses.
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Fee Regulatory Authority has released the fee structure for the MBBS course for the academic session 2017-18. As per the new fee structure, the private medical colleges are restricted to hike the fee by not more than 10%.
For instance, if a private medical college was allowed to hike medical fee of 6.3 percent for the academic session 2016-17, the college will be allowed to hike the fee from 6.3 percent to 8.8 percent. Simply stating, if a medical aspirant paid Rs. 8,50,00 lakh per annum in 2016-17, he/she can only pay up to Rs. 9,25,00 per annum for the academic year 2017-18.
Also read: - Kerala Govt. Makes NEET Mandatory for Admission to Government & Private Medical Colleges
A high official associated with Fee Regulatory Authority indicated that the fee hike has been approved only after checking balance sheets of colleges as well as their expenses.
However, Fee Regulatory Authority has the power to regulate only private medical colleges. As per the decision of Supreme Court, deemed medical colleges or universities can form their individual committees and decide the fee structure.
A parent, while expressing his concern said that deemed medical colleges have their own fee structure. Some of these institutes charge around Rs. 10 to 17 lakh per annum which is comparatively higher than the fee charged by private medical colleges.
