Medical, dental students asked to furnish bank guarantee for fees
Admissions of thousands of post-graduate medical and dental students have been affected as several unaided private medical and dental colleges have demanded students to produce a bank guarantee for their overall fees for the course.
Pune: Admissions of thousands of post-graduate medical and dental students have been affected as several unaided private medical and dental colleges have demanded students to produce a bank guarantee for their overall fees for the course.
Apparently, the course is for two years and one year of internship. A fee of one year at an unaided private medical college is Rs 28 lakh.
On the condition of anonymity, a student said that despite securing a seat in private college, he could not confirm his admission because he was unable to provide a bank guarantee.
“They are asking to furnish a bank guarantee of Rs 50 lakh which comprises fees of the entire course of two and half years. Already, our admissions have got delayed because these colleges were protesting in order to convince the Fee Regulatory Authority (FRA) to allow fee hike by five times. Now, due to these demands, admissions have been stalled again, as the management has stated unless bank guarantee is provided, they won’t be able to complete the procedure of admission,” said the student.
Another student on the condition of anonymity said, “I was able to give Rs 6 lakh during the admission and would have done the payment in installments throughout the year. However, the college management was not ready to budge and urged me to give a bank guarantee. From past couple of days, I have been trying to find an alternative to meet the demand.”
“The reason of such a demand by colleges is to ensure that the said fees of the candidate are obtained on time even if the candidates drop out or loses a year,” said Kalpesh Yadav, an education activist.
The directorate of medical education and research, as well as FRA, also received several complaints about colleges insisting students to furnish bank guarantee. Also, colleges are demanding exorbitant fees than approved by the FRA. The fees demanded includes the amount of stipend provided to PG students as per Medical Council of India norms.
Meanwhile, FRA has released a notification asking not to insist students to furnish bank guarantee. It has also directed institutions to collect the fee amounting to only one year.
FRA has clarified that under section 14(5) of Maharashtra Unaided Private Professional Educational Institutions (regulation of admission and fees) Act, 2015, it has been stated that ‘no institution will collect fee amounting to more than one year fee from a candidate in an academic year. If so happens, then it will be construed as a collection of capitation fee and such institution shall be liable to be proceeded against.’
FRA has emphasised that institution is authorised to collect the fee from a candidate for one academic year only. It has also stated that there is no provision for insisting upon a student to furnish bank guarantee for any purpose. The fees approved by FRA after hearing review application of the concerned colleges is the final and only fees to be demanded. No college is authorised to collect the amount of approved fees.