39% Indian students take loans, 22% win scholarship or grantNews »
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.
Application Form Submission 16 Dec 2020 to 16 Jan 2021.