Dear Puys, I just watched the CNBC Awaaz news…and they had some really really heartening news for all of us. If u have already taken admission into a B-school and u want to withdraw that admission and go to a better B-school , then your money…
Dear Puys,
I just watched the CNBC Awaaz news....and they had some really really heartening news for all of us. If u have already taken admission into a B-school and u want to withdraw that admission and go to a better B-school , then your money is not lost....!!!!!!! There can b only a max deduction of Rs. 1000 made by the B-school were u have deposited ur fee in case u wanna withdraw that amount. This is according to the latest circular and notice brought out by AICTE in the leading newspapers today. Please read today's (April 19, 2007) Hindustan Times Page No. 11 Right Hand bottom corner.....I cant tell u abt the other Newspapers.....'cos i subscribe only to HT.......so go get ur or ur parents' hard-earned money back......
Dear Puys,
I just watched the CNBC Awaaz news....and they had some really really heartening news for all of us. If u have already taken admission into a B-school and u want to withdraw that admission and go to a better B-school , then your money is not lost....!!!!!!! There can b only a max deduction of Rs. 1000 made by the B-school were u have deposited ur fee in case u wanna withdraw that amount. This is according to the latest circular and notice brought out by AICTE in the leading newspapers today. Please read today's (April 19, 2007) Hindustan Times Page No. 11 Right Hand bottom corner.....I cant tell u abt the other Newspapers.....'cos i subscribe only to HT.......so go get ur or ur parents' hard-earned money back......
Yes, is is extremely heartening news. The MRTPC had ordered SP Jain to give back all the fees to a student last year, but he had to file a case and fight it out till spet to get his money back. this notice from AICTE should, hopefully, ensure that we dont have to waste our precious time and money for what is rightfully ours ( ok, i know that there exists a section who feels that the b-schools are doing anything wrong........... but no debates about that please ).
Lets hope the AICTE gets cracking, especially this year when the IIM and MDI results are delayed...
the notice is there in todays Indian Express also.
cheers,
Harshad
Dear Puys,
I just watched the CNBC Awaaz news....and they had some really really heartening news for all of us. If u have already taken admission into a B-school and u want to withdraw that admission and go to a better B-school , then your money is not lost....!!!!!!! There can b only a max deduction of Rs. 1000 made by the B-school were u have deposited ur fee in case u wanna withdraw that amount. This is according to the latest circular and notice brought out by AICTE in the leading newspapers today. Please read today's (April 19, 2007) Hindustan Times Page No. 11 Right Hand bottom corner.....I cant tell u abt the other Newspapers.....'cos i subscribe only to HT.......so go get ur or ur parents' hard-earned money back......
thanks for the info man ...
this is real going to help us....
i think all of us should unite and file a pil against these money minded institutes...
Its indeed a welcome step !
The institutes amass a huge wealth this way every year. I just wonder if this would be applicable to candidates who have deposited and lost money in previous years.
Three cheers puys!!!
In the midst of confusions and frequent date extensions by IIMs, this public notice of AICTE has come as a respite to thousands of ppl like me.
I was ambivalent about taking admission till yesterday. More so, I reached the counselling at IMT 6-7 hours late (my counselling was at 8:30, but I reached there at 2:20). With this notification, students like me won't have any regrets, since they can choose their institute without being bothered about the fee payed to other institutes. Lucky me.
Here's the link on aicte's website:
http://www.aicte.ernet.in/download/comm.doc
Dear Puys,
I just watched the CNBC Awaaz news....and they had some really really heartening news for all of us. If u have already taken admission into a B-school and u want to withdraw that admission and go to a better B-school , then your money is not lost....!!!!!!! There can b only a max deduction of Rs. 1000 made by the B-school were u have deposited ur fee in case u wanna withdraw that amount. This is according to the latest circular and notice brought out by AICTE in the leading newspapers today. Please read today's (April 19, 2007) Hindustan Times Page No. 11 Right Hand bottom corner.....I cant tell u abt the other Newspapers.....'cos i subscribe only to HT.......so go get ur or ur parents' hard-earned money back......
A great respite to thousands of people who lose there money. A welcome initiative by the AICTE to put things into place.
Some more info can be found on this thread:
http://www.pagalguy.com/discussions/those-who-lost-their-money-in-b-schoolscan-now-get-it-backenter-to-know-how-25022324
thanks for the info man ...
this is real going to help us....
i think all of us should unite and file a pil against these money minded institutes...
well ....i dont think v would need to file a PIL or sumthing ......but also the MBA instis,. wont b too willing to part with the maoney so easily....they'll definitely try to find some loopholes...
Hi all,
This question may sound a bit stupid but can any1 confirm if management institutes such as SP Jain, NMIMS, XLRI, ISB n other private b-schools come under the per view of this announcement.
The reason for this query is because the public notice emphasizes on 'Institutes imparting technical education'. Can we call PGDBM - Post graduate diploma in business management (degree given by most of these institutes) be regarded as technical studies ? Please confirm.
Thanx in advance
Regards
Sarab
Hi all,
This question may sound a bit stupid but can any1 confirm if management institutes such as SP Jain, NMIMS, XLRI, ISB n other private b-schools come under the per view of this announcement.
The reason for this query is because the public notice emphasizes on 'Institutes imparting technical education'. Can we call PGDBM - Post graduate diploma in business management (degree given by most of these institutes) be regarded as technical studies ? Please confirm.
Thanx in advance
Regards
Sarab
All institutions approved by AICTE have to follow this notice. there are a few b-schools ( none in the top league as far as i know ), which arent approved, but then that hardly matters....
SP, NMIMS and XLRI definitely have to follow it. ISB, i dont know, but i think they would also have to.
However, ISB can get out of this, because the AICTE notice says that schools have to refund money till the start of their sessions, and a proportionate amount afterwards till the last possible date of admission. the course in ISB starts in the second week of april, which can be before b-schools considered better than them ( maybe a few IIMs ).
IMT ghaziabad has already changed their refund policy to adhere to the AICTE norms. Most other b-schools will follow suit soon, most probably...
cheers,
Harshad
Hi all,
This question may sound a bit stupid but can any1 confirm if management institutes such as SP Jain, NMIMS, XLRI, ISB n other private b-schools come under the per view of this announcement.
The reason for this query is because the public notice emphasizes on 'Institutes imparting technical education'. Can we call PGDBM - Post graduate diploma in business management (degree given by most of these institutes) be regarded as technical studies ? Please confirm.
Thanx in advance
Regards
Sarab
YES....!!!!
MBA is also under the jurisdiction of this notice and of AICTE. This notice is for all the BE/BTech, ME/MTech, MBA and some other degrees.
Also this notice states that all institutes , Universities, and Deemed-to-be-Universities are bound to refund ur fee.
and as far as NMIMS is concerned they are 'very proud' of the fact that they are a University ...so they'll have to refund the fee. And so will SPJAIN and XL and Symbios Family instis and IIFT and all the other instis.....
so its time to whip their a*s.
......they've already made plenty of money in the past by forfeiting ppl's fee. .......though the only thing worth pointing out is that ISB is not recognized by AICTE....and its not a University or a deemed-to-be Univ......so there may b a problem thr....
However..........................................
I was very happy at first that the AICTE has brought out this notice but on thinking abt this matter for a while it seems to me that our dear Mr. Arjun Singh has played a masterstroke. 'cos the IIMs had been giving this reason that if they dont declare their results by 21st then students will lose a lot of money in other instis. ...and in a country like our's where the authorities are apathethic about our problems WHY would AICTE act so swiftly and so speedily????
obviously this can only happen if the orders come directly from the higher ups....!!!!!
and all this must have been done to rob the IIMs of any possible reason for declaration of the results.!!!
anyways these are just the wild wandering thoughts of my mind....but atleast a certain politician Mr. Singh has been able to help us get our fee back..!!!!!
Hey could ny1 plz tell me whether imi delhi comes under d purview of aicte..?
just a point i wud like to make tht this may not actually help few ppl who are waitlisted, as ppl wud block multiple seats till they are not sure of whr to take admission as they stand to lose only Rs 1000 per institute.. so more problems for waitlisters.. but in a way its gud as it benifits the student community as whole.. but then everything has a negative side..
Regards,
Vishal
anyaa_01 SaysHey could ny1 plz tell me whether imi delhi comes under d purview of aicte..?
Yes 😃 ! Also visit http://www.imi.edu/imi/R&D;/MandatoryDisclosure.pdf
@Anupam : Thanx 4 d info Anupam...so can i b assured that imi wud just deduct 1000/- n not go according 2 their own deduction policy.....how can i b so sure of this..
Wonderful news. I hope you guys will help in figuring if I am eligible for refund.
I have received admit from IIMB (results declared early perhaps because I applied as NRI candidate, don't hate me for it please) and they asked for non-refundable $5000 (Rs 2,25,000) to sent by April 10. I guess they did it before declaration of result (orignal date was April 12th) because they wanted to profit if I get admit from Ahmedabad. Now the letter clearly said that fee is non-refundable. And theoretically, I agreed to those terms. Can I still get refund on my fee if I join IIMA (if admitted)?
I know that many of you will find this situation unsual but what I am trying to say is that even when letter mentions that fee is non-refundable and payer agrees, does this rule of refund still apply? Of course, it is another question if they will find someone to replace me with (who will pay NRI rate, twice the normal), though I think it should be pretty easy.
anyaa_01 Says@Anupam : Thanx 4 d info Anupam...so can i b assured that imi wud just deduct 1000/- n not go according 2 their own deduction policy.....how can i b so sure of this..
As such I personally don't see any reason for IMI people to not refund the amount in case you withdraw admission before classes commence, however since the AICTE notification has come out, you can always call them up, quote the same and ask them directly.
For a quicker response PM Shivanku and post this message on IMI thread as well. That shall give a better idea.
Wish you good luck
.
Hi all..
This notification indeed comes as a sigh of relief for all students with multiple calls.. but i guess there is 1 clause in the notification which can bail out many colleges.. it says
'Should a student leave after joining the course and if the seat consequently falling vacant has been filled by another candidate by the last date of admission, the Institution must return the fee collected with proportionate deductions of monthly fee and proportionate hostel rent, where applicable'..
as you all might be aware, many insts including most of simbi family, etc.. have completed their admsn process.. they might well say 'we are done with our admsn process' :-? hope this wont be the case..
what do you guys think??
This notification indeed comes as a sigh of relief for all students with multiple calls.. but i guess there is 1 clause in the notification which can bail out many colleges.. it says
'Should a student leave after joining the course and if the seat consequently falling vacant has been filled by another candidate by the last date of admission, the Institution must return the fee collected with proportionate deductions of monthly fee and proportionate hostel rent, where applicable'..
as you all might be aware, many insts including most of simbi family, etc.. have completed their admsn process.. they might well say 'we are done with our admsn process' :-? hope this wont be the case..
what do you guys think??
hi friends,
I have deposited Rs. 1 lakh in Institute of management, Nirma University.
It is a university affiliated to UGC and not AICTE.
Does it fall under the (Rs. 1000) refund policy of AICTE.