A peek into IIM fee hikes over the last two years

Moneycontrol BureauIn the last two years, seven out of the total 19 Indian Institutes of Management (IIMs) have raised their fees by up to 30 percent. The fee hike ranges between 5 percent and 29.6 percent with IIM Lucknow clocking the biggest increase. IIM Lucknow charged about Rs 10.96 lakh for its two-year management programme ending in 2015.This fee hike, on the face on it, may hit the students hard. But the truth is, it won't, assured Smriti Irani, Minister of Human Resource Development. Full tuition fee waiver, maintenance allowances will be given to a section of students who might not able to afford the fees. Irani also said that the hike isn't linked to other educational institutions in the country. Compiled by Chaitanya Gudipaty