India, Nov. 2 -- Maharashtra's Fee Regulatory Authority (FRA) has directed all professional colleges in the state to submit detailed information on students admitted under Management and NRI quotas, along with the total fees collected. The move, announced on November 1, aims to improve transparency, enable accurate assessment of colleges' financial strength, and could lead to lower tuition fees for students admitted through the centralised admission process (CAP) next year.

Until now, many colleges kept Management and NRI quota data under wraps, often underreporting actual fees. About 20% of seats in professional institutions fall under these quotas, where fees can be three to five times higher than regular tuition. FRA found that severa...