Universities to roll back fee return policy post COVID
“Several universities in India have a policy of not refunding admission charges of students even if they drop out before the course starts. They make a huge amount of revenue from this. The UGC directive of refunding all fees is only for the year 2020-21 due to the hardships created by COVID, it will hit the revenues of universities as their expenses remain the same. It is unlikely that universities will change their refund policies post COVID,” he says.
The UGC directive is a special case for 2020-21, he adds. Once the situation returns to normal, the universities will go back to their old policies of non-refundable admission fees. The revenue from this is too large to give up easily.
Akhil Shahani, director, Thadomal Shahani Centre For Management observes that the move is introduced only during the pandemic and the decision will be rolled back once the situation normalizes.