39% Indian students take loans, 22% win scholarship or grant :
Nearly four in 10 Indian students took loans in 2011-12 to fund his or her MBA dreams, data collated by the Graduate Management Admission Council shows. Many B-schools came to the rescue of students in this uncertain economy.
Twenty-two per cent of Indian aspirants received financial assistance in the form of scholarship or grant. Of the rest, 17% took parents’ help, 10% dug into personal savings and 13% looked for other options of funding.”The top reservations that prospective students cite about pursuing a graduate business degree consistently relate to the high cost of tuition / fees and how to pay for their education.
To alleviate these concerns, admissions professionals at a majority of business programs worldwide report offering a variety of tuition assistance options —ranging from 52% of online MBA programs up to nearly all 96% full-time two-year MBA programs,” the latest GMAC survey report noted.
More master’s in management programs ( 87% ) offered scholarships than other specialized master’s or MBA programs, although full-time two-year MBA programs had the highest average percentage of student scholarship recipients ( 43% ) across all program types. Professional MBA programs, such as executive and parttime MBAs, were the least likely to offer scholarships to incoming students.