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Private Higher Educational Institutions (HEIs) are set to come under a “progressive regime of fees determination”, which will give them leeway in setting fees for their courses independently. However, in return, the institutions will have to make sure that at least 20% of students can study through freeships and an additional 30% through significant scholarships.
According to the new National Education Policy that is being finalized, all the fees set by these institutions shall be transparently and fully disclosed. There will be no abrupt raises in fees during the period a student is being enrolled.
The new policy will cap the fees. “A new fee structure will be developed for different types of institutions depending on their accreditation so that individual institutions are not adversely affected, while at the same time curbing commercialization,” an official with the MHRD said.
“50% of the students at any given private institution will have some sort of scholarships assistance, which include ensuring at least 20% of students on freeships,” he added.
This will ensure a reasonable recovery of cost, while also compelling HEIs to fulfil their social obligations.
The new policy, which has been placed under ‘Transforming the Regulatory System of Higher Education’ and in the subsection ‘Curbing Commercialization of Education’, the new policy envisions a number of mechanisms with checks and balances that will countervail the commercialization of higher education. At the same time, it will extend greater autonomy to private institutions.
All HEIs, whether public or private, will be treated at par as per the new regulations, which is based on common guidelines of good governance, financial stability, educational outcomes and transparency of disclosures. These guidelines will allow all such Acts to establish private HEIs, triggering a common regulatory framework for both private and public HEIs, according to the NEP 2020 that has been propositioned.
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