Factors for determination of fee

The Fee Regulatory Committee shall determine and fix the fee or fees to be charged by an institution, on considering the following factors, namely: - (a) the nature of the professional course; (b) the available infrastructure including allotment cost of land and opportunity cost of land if the land is owned by the institution at the time of its establishment; (c) the expenditure on administration and maintenance; (d) a reasonable surplus required for the growth and development of the college; (e) revenue to the institution from various sources associated with the education of students; (f) the excess funds generated from non-resident Indians, charity on the part of managements and contribution by the Government for providing freeship for Scheduled Castes or Scheduled Tribes students; (g) a reasonable surplus required for meeting any unforeseen contingencies that the institution may face and for the growth and development of the college; (h) any other factor as the Fee Regulatory Committee may deem fit or such other factors as may be prescribed.