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The source I posted has the exact amounts > As of today, the total amount to be repaid is set at > €21,000 for students who have chosen to join a government b
by kpw94 3y ago
The source I posted has the exact amounts
> As of today, the total amount to be repaid is set at
> €21,000 for students who have chosen to join a government body for Year 4
> €31,000 for students who have not chosen to join a government body for Year 4
Such amount is not as insignificant in a country with high taxes and where peers in university have like $100/year tuition, it's not super high either (maybe 4-6 months of after tax salary for an entry level position)
But I didn't bother posting is as i think it's not relevant. IIT could set that amount at 1 rupee, or 1 lakh, or 1 crore. There's a threshold where this switches from "that's fair you're repaying tuition" to "oh now you're adding a steep penalty"
It's complex to set the right value: too high and you're forcing your graduates to choose a high paying job or a government job, but you're killing their chances of startup creation. Too low and IIT is leaving money on the table.