What is the way to pay such a high fee for an M.Tech in IIIT Delhi for a poor student?

If you are opting for an M.Tech in CSE/ECE from IIIT Delhi, consider the course fee as a one-time investment. This course and college have a huge ROI, given that you work really hard during these two years.

The course will cost you somewhere around Rs. 5-6 Lakhs (including all the charges). With an educational loan, you’ll be repaying around Rs 5,70,707 in total (approximately). If you get in through GATE, you’ll get a stipend of Rs. 12,400 per month, which is Rs. 2,97,600 in total. If you spend around 5000 per month, you’ll still save Rs. 1,77,600 from your stipend. So your loan will come down to Rs. 3,93,107.

If you grab a package of 20+ LPA, you’ll get a base salary of Rs. 10-12 LPA. This means an in-hand salary of around Rs. 70-80k per month. Try to save Rs. 40,000 per month. By doing so, you’ll pay your loan within a year. 

Try to be mindful of your savings, and you’ll comfortably sail through.