Why are technical courses higher in price in all private colleges or universities? This is a very genuine question that comes into everyone’s mind. In the past decade, tuition fees for technical courses in private colleges have been escalating. Still, students are taking admission for a better future.
There are numerous reasons like more students and fewer seats, an increase in financial aid, a lack of state funding, a need for more faculty members and money to pay them, and ballooning student services.
India is the hub of top-rated Private engineering and medical colleges. All over the world Indian college’s academics and degrees are always in demand. Students from worldwide come to India and take admission to top private colleges by paying high tuition fees in the NRI quota. Students also prefer to go abroad for higher studies by paying high tuition fees.
In India or abroad there are many top-reputed private colleges or universities. All the colleges have multiple degrees such as B.Tech, M.Tech, MBBS, MD, MBA, MCA, BCA, BBA, and many more, and technical courses and degrees like Big Data Engineer Master’s Program, Big Data Hadoop Certification Training Course, Data Scientist Master’s Program, Data Analyst Master’s Program, Data Science with Python Training Course, Data Science with R Certification Training, Artificial Intelligence Course, AI and ML Certification, Masters in Artificial Intelligence, AWS Solutions Architect Certification Training Course, AWS SysOps Associate Certificate Training, AWS Developer Associate Certification Training and the fees of these courses are very high in some colleges.
Some top valid reasons are mentioned below “why technical courses are higher in price in all private colleges or universities”.
1. The economy of the College
The economy of the private college is the major point because there is no support for any grants from the government or state government like government colleges. Generally, any private college or university is trotted out by some individuals, organizations, and trusts. Most earnings of private colleges come from tuition fees of the students and donations which are given by any trustee or extremely wealthy alumni.
Engineering and medical degrees are the most important UG degrees in India. Generally, students opt after the 12th exam. Students generally opt B.Tech after 12th because after completion from top private college students easily get a placement and job in a reputed company. To take admission to government college students need a good score and it’s a little bit difficult. The facilities provided to the students by the government are average. So, some students want to take admission to a private college due to the top-class amenities, world-class labs, etc.
Day by day the importance and demand of technical courses are growing, so fees are also increasing.
2. Increasing Demand for College
Gradually in India and abroad, the demand for colleges is remarkably increasing, and tuition fees are also increasing. This is a supply and demand chain. Engineering, medical, BCA, and BBA courses, etc are the top technical courses after the 12th which are very much in demand in India, Russia, China, and many more countries. Students who have the desire to do technical courses after graduation in foreign countries either have to qualify for a scholarship exam or they will have to pay high amount of tuition fees.
According to the report of the department of education, US colleges admitted more than 5 million more students in 2017 than in 2000.
3. Payment of Top Faculty
Most important is the salary of top faculties in private colleges. Top private colleges appoint highly educated faculty and professors for technical courses, so they must pay high salaries. Some of the top private universities maintain their reputation and rock-star academics, so they pay more salaries to their faculty members. This is one of the major reasons that technical courses are higher in price in all private colleges or universities.
4. Healthcare Support and Social Expansion
The top private college provides various facilities to their students for an overwhelming academic experience. Some of the services of the leading private colleges are:-
- Writing/Tutoring Centres: The college provides this facility to those students who need help with structured essays, and cite references, and also gives the facility of tutoring Centres like maths and English.
- Counselling: Provides personal counsellor for career direction, and poor study strategies
- Health Services: Top private colleges provide health insurance plans that are covered through student fees.
- Financial Aid: Some private colleges also provide loans, scholarships, and financial aid facilities.
- Disability Services: If someone has any disability problem then the college provides top facilities so that a student will not lose any academic event.
These services are very beneficial for students in private colleges. This is one of the reasons for hiking the tuition fees.
5. Top Amenities in Private Colleges
Top amenities like world-class labs, the infrastructure of the college, campus, placements, cafeteria, entertainment zone, top-class faculty, etc are also factors in tuition fee hikes. These days every student wants all facilities in the college. Mostly all private colleges provide these facilities which government colleges don’t. So, it’s quite natural if the facilities will be more then the fee will also be more.
Almost all private engineering college tuition fees are more than Rs15 to 20 lakhs for 4 years and can increase according to the services and facilities. Day by day there is an increase in demand for seats, and some private colleges raise their tuition fees for the wrong perception of the image of the college.
So, there are several factors like no funding from the state, various services provided to the students by the college, demand for reputed and trained teachers, and the higher salary of the teachers responsible for technical courses higher in price in all private colleges or universities.
Conclusion
In general terms, Technical courses are a bit more expensive than any other academic course. And when students want to enter private colleges for higher education in technical courses, the fees will automatically increase. Private colleges provide decent infrastructure, advanced labs, and various campus facilities which make the course more expensive.
But they are also best known for providing placement in top-notch companies which is highly important in technical courses. So investing some more amount in private colleges is not a bad option at all.
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FAQs
Ques Why do private universities charge more fees?
Ans. Private universities charge more fees due to these factors like more students and fewer seats, an increase in financial aid, a lack of state funding, a need for more faculty members and money to pay them, and ballooning student services.
Ques. Why Is Engineering So Expensive In Private Colleges?
Ans. An engineering degree is one of the most demanding technical courses after 12th and everyone wants to take admission in engineering as there are more students and fewer seats.
Ques. Which Indian Top Ranked Private colleges have the highest fees?
Ans. SRM IST (INR 16 lakh), Thapar Institute of Engineering and Technology (INR 14.58 lakh), BITS Pilani (INR 19.94 lakh), SOA (INR 10.20 lakh), and Amity University Noida (INR 10.16 lakh) are top-ranked private colleges have the highest fees.
