Proposing a steep hike in tuition fee for IIT courses, the Kakodkar Committee on the future of the premier institutes has suggested a �special loan scheme� to offset the burden, attracting no collateral and on personal guarantee of the student.

�The quantum of the loan should be such that it meets at least 90% of the financial needs of students in way of payment of fees and personal and hostel expenses �in the range of R8.11 lakh for a 4-year undergraduate programme and R5.8 lakh for a postgraduate programme,� it has suggested.