XLRI offers a comprehensive financial support system for its students despite its high program fee of approximately 25-30 lakhs for two years, which includes tuition, hostel, and mess fees. This fee is on par with other top B-schools in India. The institute offers a variety of merit-based and need-based scholarships, such as the Aditya Birla Scholarship, OP Jindal Scholarship, Mirae Asset Foundation Scholarship, and Geeta Saxena Memorial Scholarship. These scholarships can provide significant financial assistance, though they are limited in number.
Additionally, students from economically weaker sections (EWS) and those with exceptional academic performance can also avail themselves of these opportunities. Banks, particularly the State Bank of India (SBI), offer educational loans without collateral to XLRI students, making the loan application process hassle-free. The college has partnerships with various banks to provide low-interest loans. The potential return on investment is high due to excellent placement opportunities, with average salaries around 30.5 lakhs per annum and internship stipends ranging from 1-2 lakhs per month.
The cost of living in Jamshedpur is affordable, which helps manage overall expenses. Despite the high cost, the comprehensive scholarship and loan options, alongside strong placement records, make XLRI a viable choice for prospective students.
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