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Top 50 Colleges Under 5 Lakh Per Year in India 2026 — Best Affordable Options

Discover India's best affordable colleges with annual fees under ₹5 lakh. Includes IITs, NITs, AIIMS, NLUs, and top government colleges with excellent placements.

By SeekCampus Team•April 4, 2026•12 min read

Quality education doesn't have to break the bank. India has hundreds of excellent colleges with fees under ₹5 lakh per year. Here are the best across all streams.

Engineering Colleges Under 5 Lakh

IITs (₹2.25 Lakh/year)

All 23 IITs charge approximately ₹2.25 lakh per year for B.Tech, making them the best value-for-money engineering colleges in India. Top IITs offer average packages of ₹15-25 LPA.

NITs (₹1.5-3 Lakh/year)

31 NITs across India offer excellent engineering education. NIT Trichy, NIT Warangal, and NIT Surathkal lead with average packages of ₹10-15 LPA.

Top Government Engineering Colleges

College
Annual Fee
Avg Package

|---------|-----------|-------------|

IIT Madras
₹2.25L
₹21.5 LPA
IIT Bombay
₹2.25L
₹23.5 LPA
NIT Trichy
₹1.5L
₹12 LPA
BITS Pilani
₹4.5L
₹16 LPA
NIT Warangal
₹1.8L
₹11 LPA

Medical Colleges Under 5 Lakh

Government medical colleges offer MBBS for as low as ₹1,000 to ₹50,000 per year!

College
Annual Fee
Type

|---------|-----------|------|

AIIMS Delhi
₹1,628
Central Govt
Maulana Azad Medical
₹10,000
State Govt
Grant Medical College
₹25,000
State Govt
BHU Medical
₹15,000
Central Univ

MBA Colleges Under 5 Lakh

College
Total Fee
Avg Package

|---------|----------|-------------|

FMS Delhi
₹1.92L
₹32 LPA
JBIMS Mumbai
₹4L
₹28 LPA
IIM Indore
₹4.5L
₹25 LPA
NITIE Mumbai
₹3.8L
₹22 LPA

FMS Delhi offers the best ROI among all MBA colleges in India with a total fee of just ₹1.92 lakh and average package of ₹32 LPA.

Law Colleges Under 5 Lakh

Most National Law Universities (NLUs) charge ₹2-4 lakh per year. NLSIU Bangalore, NLU Delhi, and NALSAR Hyderabad are the top picks.

Key Takeaways

  • **Government colleges** offer the best value across all streams
  • **IITs and NITs** are cheaper than most private colleges with 5-10x better placements
  • **Scholarships** can further reduce costs — check eligibility on college websites
  • **Hostel fees** are typically ₹20,000-50,000 per year in government colleges
  • Browse affordable colleges on SeekCampus and filter by your budget to find the perfect match.

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