Education - Price game in India ?

Higher Education in India-Does Money Really Matters

Its a dream come true for any student interested in maths/science to clear competitive examination and get selected among best of the best education institutes like IITs/NITs and good regional colleges. Preparing for the examination is definitely an essential prerequisite but, Should parents or students worry about the fee structure of colleges / coaching fees etc.

I think its better to prepare a plan for finances as well, because at the end of the day as it is said “Money Matters". We'll go through coaching ( Demography wise ) for preparation in India keeping finances in mind and then to educational institutes and then to aids given by govt or private organisations for students during the journey.

Kota

Kota is the home to the country's largest cluster of tutorial service providers. The first name that comes in the mind of aspirants for preparation soon board exams are over is a small town in Rajasthan " Kota ". Prices for the courses are almost same for all the individual, Few scholarships are offered ( More sort of discounts ) based on Board results. You can find To-Let boards on every corner of the city and its easy for any new comer to find a place to live in the place. Expenses are minimum as the city got developed and know as an educational hub. yes you have cinema halls and chai points for gup - shup and fun, so its not at all monotonous life in quota.

New Delhi

I always keep New Delhi in second place for preparation because of the distraction it brings in the life of students. Delhi is the heart of the Nation and all the pros and cons of social, political, economical changes has a great impact on the educational environment of the State ( UT). Resource wise it’s same as Kota but living in Delhi is expensive than kota.

We don't have a culture of scholarship in India for engineering colleges. Top colleges have a very nominal fee and almost all the banks are ready to provide financial help if needed by the students.

Student eligibility:

1) Should be an Indian National

2)  Secured admission to professional/ technical courses in India or Abroad through Entrance Test/ Merit Based Selection process.

Courses eligible

1) Graduation courses: BA, B.Com. B.Sc. etc.

2) Post Graduation courses: Masters & PhD.

3) Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.

4) Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.

5) Courses like ICWA, CA, CFA etc.

6) Courses conducted by IIM, IIT, IISc, XLRI. NIFT  etc. Regular    Degree/Diploma courses like Aeronautical, pilot training,        shipping etc., approved by Director General of Civil            Aviation/Shipping, if the course is pursued in India.

In case the course is pursued abroad, the Institute should be recognized by the competent local aviation/shipping authority

7) Courses offered in India by reputed foreign universities. 

8) Evening courses of approved institutes.

9) Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc

10) Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/ recognition by user institutions.

11) Courses, which are not covered under the criteria mentioned above, individual banks may take a view to consider extending

12) Education loan under the scheme taking into account the future prospects/recognition by user institution.

Expenses considered for loan

1. Fees payable to college/school/hostel

2. Examination/Library/Laboratory fees

3. Purchase of Books/Equipment/Instruments/ Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course) 

4. Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tuition fees for the entire course) 

5. Travel Expenses/Passage money for studies abroad

6. Cost of a Two-wheeler upto Rs. 50,000/-

        

Its still a challenge for the govt to provide proper help for the upcoming technocrats the country. Govt is working in that direction and we hope in future will get good govt aids.