SquishyQuokka
SquishyQuokka

Thoughts? Colleges asking for a fee to get placed? Damn that’s a new low. πŸ˜”πŸ« 

What is wrong with these colleges, hearing this for the first time.

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PerkyBoba
PerkyBoba
Cred23mo

WTF.

SquishyQuokka
SquishyQuokka
Gojek23mo

Seriously, kids pay 15L++ for Engineering degrees and then they get docked commission fees?

Sounds like an Income Sharing Agreement, except no Agreement was there. Lmao πŸ˜‚πŸ˜‚πŸ˜‚

PerkyBoba
PerkyBoba
Cred23mo

Sometimes I feel I'm too lucky, I still haven't paid fees for my 7th and 8th semester :(

PeppyRaccoon
PeppyRaccoon
Vercel23mo

Placement fees are taken by every college while admissions or during sem fees of placements season. It is usually a fixed amount for all. However, I'm not aware of colleges taking % of CTC as fees.

SquishyQuokka
SquishyQuokka
Gojek23mo

@tzr This is the first time I am hearing of this. This is such a shady practice. I have heard of no one in my entire social group who has paid this fee. Especially for something like placements.

Is this a common practice?

PeppyRaccoon
PeppyRaccoon
Vercel23mo

Yes. Maybe you forgot about paying placement fees because it has been a long time since then or because you were on scholarship.

This is from the bangalore sub right? I saw some folks commenting that this is also common in IITs.

JumpyRaccoon
JumpyRaccoon

Placement fee is taken upfront along with college fee and not as part of CTC.

SquishyQuokka
SquishyQuokka
Gojek23mo

This is the first time I am hearing of this. This is such a shady practice. I have heard of no one in my entire social group who has paid this fee. Especially for something like placements.

Is this a common practice?

JumpyRaccoon
JumpyRaccoon

It's kinda embedded in the tuition fee so it's not explicitly visible. Some colleges do mention this as a separate fee but again collected during the admission only.

WigglyPenguin
WigglyPenguin

Name and shame

SquishyQuokka
SquishyQuokka
Gojek23mo

@BlandBud14 Original post names NHCE. I have never even heard of this college.

WigglyPenguin
WigglyPenguin

These unknown colleges are always the ones who do such scamy practices. Been in one. Faced a lot of it.

DancingCupcake
DancingCupcake

They charge fees for placement as well as computers and libraries even at government colleges.
But it is charged along with tuition fee

SquishyQuokka
SquishyQuokka
Gojek23mo

@Dcube Utter non-sense. Random fees for Random things lmfao

DancingCupcake
DancingCupcake

I paid those in NIT πŸ₯ΉπŸ₯Ή

GoofyDonut
GoofyDonut

Why 2.1% specifically lol

SquishyQuokka
SquishyQuokka
Gojek23mo

@potatomato I think .1% extra for Shagun πŸ˜‚

PeppyRaccoon
PeppyRaccoon
Vercel23mo

Probably scales with CTC

GigglyHamster
GigglyHamster

What a scam!

SquishyQuokka
SquishyQuokka
Gojek23mo

@yking Exactly, the scammiest of the bunch.

JumpyMochi
JumpyMochi

Galgotia college asked 2.5k for on campus placement , it was cash, collected by CR, no receipt was given.

SquishyQuokka
SquishyQuokka
Gojek23mo

@Gigabyte Scam college asks for scam fees. 🫠

DancingCoconut
DancingCoconut

I also paid such because for my placements there were external tools are used for my placements preparation for that i had to pay such amount for it

SquishyQuokka
SquishyQuokka
Gojek23mo

@criticalresourceF99 Ah so that is understandable that subscription fee for prep tools was taken but a fixed percentage of salary is a massive 🚩🚩

DancingCoconut
DancingCoconut

I assume he is an average fresher who got placed in 4 lpa . Then 2.1 % is something less than 10k odd. And this post was written in a way to portray that colleges are bad by linking the fee into percentage of CTC why can't the person go by how much the college was actually asking as a training fee is where I differ here because these days courses cost a lot

PerkyLlama
PerkyLlama

Wow! This is shocking! 😳

SquishyQuokka
SquishyQuokka
Gojek23mo

@Procrastine it really is. Just soooo weird.

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