As per a yearly fee hike policy, IIT- B made a revision to its fee structure for the postgraduate and Ph.D. courses. As per a circular posted on the college website on 19 July 2022, both the course fee structures have undergone a fee hike of around 35% from the autumn semester onwards. With the announcement, the tuition fees for new PhD students were hiked from Rs 2,500 to Rs 5,000. For new MTech students, tuition fees rose from Rs 5,000 per semester to Rs 30,000 per semester. For existing students, the fee was increased under all the heads except the tuition fees. This includes hostel fee, registration fee, medical fee, examination, electricity and water charges, hostel and mess establishment charge, student accident insurance fund, student benevolent fee, and gymkhana fee among others. These expenses take the total fee hike from Rs 16,500 to Rs 23,950 for the current scholars.