UGC Fee Refund Policy 2023-24 : The University Grants Commission (UGC) has issued a new fee refund policy for students who cancel their admission. The policy, which will be implemented from the academic year 2023-24, states that students will be eligible for a full refund of their fees if they cancel their admission up to September 30.
If a student cancels their admission after September 30, they will be eligible for a 50% refund of their fees. No refund will be given to students who cancel their admission after October 31.
The UGC has also said that institutions can deduct a maximum of Rs. 1,000 as a processing fee from the refund amount.
The new fee refund policy is a welcome move for students, as it will give them more flexibility when choosing a college or university. It will also help to protect students from unscrupulous institutions that may try to withhold their certificates if they cancel their admission.
Reactions to the New Fee Refund Policy
The new fee refund policy has been met with mixed reactions from students, parents, and institutions.
Some students and parents have welcomed the policy, saying that it will give them more peace of mind when choosing a college or university. They have also said that the policy will help to protect them from unscrupulous institutions.
Other students and parents have expressed concern that the policy will be too lenient on students, and that it will encourage students to cancel their admission at the last minute. They have also said that the policy will put a financial burden on institutions.
Institutions have also reacted to the new fee refund policy with mixed reactions. Some institutions have welcomed the policy, saying that it will give them more flexibility when dealing with students who cancel their admission. They have also said that the policy will help to protect them from financial losses.
Other institutions have expressed concern that the policy will be too lenient on students, and that it will encourage students to cancel their admission at the last minute. They have also said that the policy will put a financial burden on them.
Conclusion
The new fee refund policy is a significant development in the Indian higher education system. It will give students more flexibility when choosing a college or university, and it will help to protect them from unscrupulous institutions. However, the policy has also been met with some concerns from students, parents, and institutions. It remains to be seen how the policy will be implemented in practice, and how it will affect the Indian higher education system.
