(1) The Fee Structure Committee shall determine and fix the fee to be charged by private professional educational institutions and sponsored institutions taking into consideration the following factors, namely :-
(a) the location of the professional educational institution;
Factors for determination of fee.
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(b) the nature of the professional course;
(c) the available infrastructure;
(d) age of the institution;
(e) the expenditure on administration and maintenance;
(f) reasonable surplus, if any, required for the growth and development of the institution;
(g) the additional funds,if any, generated from NRI for awarding freeship;
(gg) the audited account of the professional educational institutions.
(h) any other factors as the Committee may deem fit.
Explanation. - The expression "expenditure on Administration and Maintenance" means and includes Salaries, Dearness Allowance and other Allowances, if any and benefits like Provident Fund, Gratuity, Insurance, etc. of the teachers and other members of the staff of the Professional Educational Institution required under any regulations or resolutions or norms or guidelines or notification or orders of the State Government/ BPUT/AICTE as the case may be.
(2) The Fee Structure Committee may determine different fees in respect of different courses of professional education being offered at different institutions depending upon the facilities available and for this purpose it may place similarly placed institutions in broad groups :
Provided that the Fee Structure Committee may allow such institution to collect a higher rate of fee from NRI and the fee so collected over and above the fee determined for other students in that institution shall be utilized for awarding freeship.
8. All professional educational institutions shall award freeship to such extent and in such manner and subject to such conditions as may be prescribed.