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.