The engineering colleges reportedly have already stopped admission for the current academic year 2012-13. The present state government led by Kiran Kumar Reddy has decided to stagger the tuition fee compensation programme.
According to the new policy, students with 75 percent attendance, 50 percent marks in first year of plus-two and an income of below Rs one lakh a year are eligible for reimbursement of tuition fees.
An AICTE spokesperson has been quoted as saying, "The setback in government policy to promote higher education through tuition fee reimbursement scheme has resulted in 75 corporate colleges becoming unviable."
T8he YSR government had promoted a Rs 2,750 crore program to benefit 27 lakh students enrolled in plus-two to higher studies. However, following the new guidelines, most of the private colleges started leaving the state with a record 2.75 lakh seats.