How can a student from poor family afford to study at IIM Ahmedabad? My father nearly had a heart attack when he heard about their fees structure. Is 25+ lakhs for a 2 year MBA program worth it?
I don’t think you should worry about the high fees at all since the banks on campus take care of 100% of your fees. All you need to do is show them your admission letter, and they will provide you with decent loans. Many banks are easy to give you loans of up to 30+ lakhs some without collateral too in the case of A, B, or C.
Once you have made it to IIM Ahmedabad you can change the date of your family. With enough hard work, you can land a job that will help you repay the loans within 3-4 Years.
So what you need to do is just become determined to work hard and earn your fees!
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Without any doubt the fees structure at IIM Ahmedabad for MBA programs is extremely high. But trust my word when I say your investment won’t go in vain. 2 years later you will thank yourself for not letting go of this golden opportunity.
There are many banks that offer loans with minimal or no collaterals, discounted interest rates and extended moratorium periods.
Another option is fee waiver seats. IIM Ahmedabad is one of the best institutes that offer fee waiver facilities to financially weak strata. Some are lucky enough to get as much as 80% of their fees waived off. The remaining 20% can be handled by an educational loan.
So once you put your trust and will into it, you will find ways to overcome the money issue. And obviously the result you will get in a few years will have you forgotten about your struggles.
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