Refund of Admission Fees - Help Needed!!

[ManDevIan]

Originally Posted by sameer_gupta01

Consumer Forum MIGHT help you get some refund this time... however majorly it would benefit next-year students....But I know very few would try to do this for the cause of next-year students..

Hi sameer
i guess... i would like to go ahead with this case ... even if this doesn't help me at all....
atleast i'll have mental peace that atleasti tried... moreover... if the institute gets a lesson for themselves and students next year become the actual beneficiaries even the i'd be quite happy!!

So i think its pretty sure that i am taking up this case... but the real help i need is more details of the earlier cases.. so that i can use them in my faour...

can anyone find them out???

Prateek

[spits]

way to go..........
wishing u best of luck......hope something comes outta this!!!
i somehow feel u have a very strong case.........let us know how things go
ciao

[aks313]

Another similar case.
I converted IITB SOM and was asked to pay a non refundable fee of 50k before 23rd April. As I had no other option with me at that time (damn it MDI results were declared exactly on 23rd) I deposited the fee. No I have made through IIM K and waitlisted for IIM I(WL No. .
Called up these guys yesterday, they said strict no for any refunds.....

Now again, due to my personal reasons I wud like to prefer I over K, but will get to know the status of WL only on 21st may and that is the last date for my draft to reach K....again its 30k non refundable........I am very much sure of WL 8 getting cleared , but cant take the risk.

This is pathetic guys....I mean the instituites can charge some 5k-10k for their admission process and refund the rest amount........Just penalising a candidate bcoz he wants to join a better school makes no sense to me. One should be free to chose and prioratize. Our dear Mr. MMJ is too keen to reduce IIM's fees, but ehe has never looked into these problems which the students face even after going through an year of hectic preparation and stressfull time. MMJ says that by reducing teh fees he is helping students....what about students like us.

The problem I guess is non of the institute consider itself any thing less than IIM A and they ask u to pay the price if u dont think so. I think they should do some reality check and accept the things.

Secondly, I would like to bring to the notice of the group abt the fees IITs are charging. If Mr. MMJ is too keen to reduce the fees of IIMs , why not he is doing the same with the IITs who also charge abt 2.5Lac for the course. Provided they have more hold on IITs then IIMs , why are they not exercising their power on them.

I sincerely request the likes of PagalGuy, owners, moderators of the forum to suggest the junta what can be done in this regard. Shall we just forget the hard earned money bcoz the results of various institues were declared in haphazard manner and we were not left with no option but to do whatever they ask.......

[bhukta]

Hi aks,
Even i might face the same problem if my waitlist at NITIE gets converted to a final call. I too paid that whopping amount of 50K here at IITB. Though i have not yet decided on which way to go.

i have some advice for u over ur other fee problem (between I&K). u might try sending ur DD to some friend of urs in IIMK (try to make one if u have none) and ask him to keep it with him till the last moment. If u can somehow get to know ur result of IIMI before that(like by calling them or a friend at IIMI), then u can ask ur friend not to submit the DD at IIMK. but mind u, be sure of a proper communication channel before u start all this, lest u face some problems later.

ok then enjoy. all the best to u.

Bhukta.

[personallyurs]

hi junta

aks read ur post ,itoo had the same problem
i have deposited 75000 at icfai ,but waiting 4 a better option to come,so not joining icfai
i even wrote a letter to times of india regarding this and the fees charged by all the insitutes,but alas it didnt resulted in paper
then i even serched 4 the site of our earlier hrd minister murli ji and wrote a letter to him
about the practises followed by these institutes,but alas didnt got any response.

what i suggest to all of u is that ,4 making the next batches to face such problems ,we should make ourselves heard

i think that all of us sholud write some articles to leading newspapers and magazines on these practises of mgmt. institutes so that people should come to know about it.

regarding ur money friend ,i dunno think it will come back,but may be we can help our juniors

parag

paragjain_29@yahoo.com

[subhashkamathm]

this would be a clear case of "Restrictive Trade Practice" or as they say in the US "Anti Trust practice"...the institute is misusing its dominant position of providing you the admission before other major B-schools did. I am sure SIIB (and many others instis) did this on purpose - they are fully aware of what they are doing, but since legal recourse is quite messy they may venture to do so.

you can/should prove that you were *forced* to sign on the dotted line, since there were no admission offers at that time and cite that the deadline allowed for refund is much before results of other B-school are announced.

Also, why should an insti charge 10% (or whatever the amt) as retaining fees. All the costs of admission should have been recovered from the app fees we give at the time of applying. Since they are recovering from the next student in WL, I feel this cost is not justified.

Since there may not be clear laws in India abt this situation, its best to check what laws other countries follow - For IP related laws few cos. refer to US since India doesnt have such strict laws. May be you can take a cue frm that. For this you first need to get hold of a good lawyer. personally I dont have experience with Consumer forums, so, I wont comment on their efficacy.

This will certainly take time, but be sure you give some publicity to it so, the next time the instis will be careful!!

Just make sure all correspondences are in writing since written documents carry more weightage in legal tangles. Send a request for a refund even though you have signed that agreement. DONT send emails to insti, send Fax, Regd Letters with Acknowledgements - in these cases sticking to the old forms of communications is the best option.

Best of luck and do keep us posted on the progress....

cheers
subhash