The decision taken by IIM's/IIT's to hike the fees for the coming academic year is absolutely in the right direction. As the IIM's/IIT's students after completion of the course through placements take a good pay. They can recover the entire fees in fews months. And,also the IIM's/IIT's faculties will aso be compensated for the efforts they put in. Rather then to cry hike in the fees, just well come the decision taken by IIM's/IIT's.
RE:IIM's/IIT's fees hike
by Ram lal verma on May 12, 2008 10:15 AM Permalink
Mr. Rachit Patel, Will you pay intitial fees when student from lower income group get admission
RE:IIM's/IIT's fees hike
by Bhupinder Singh on May 12, 2008 10:22 AM Permalink
Banks are more than happy to give educational loans to these students of IIT / IIM
RE:IIM's/IIT's fees hike
by iron on May 12, 2008 10:35 AM Permalink
WHo said banks are happy. you will be given loan only if your parents have good income....
RE:IIM's/IIT's fees hike
by on May 15, 2008 01:12 PM Permalink
Have you ever tried taking an educational loan? Do you have any idea how IIMs operate? 1. Educational loans just need a guarantor, who is your parent...they do not need collatral, atleast not for IIM fee loans 2. For people from lower income groups, IIMs have a policy of providing financial assistance, which includes full fee waivers I guess, ignorance is bliss.
RE:IIM's/IIT's fees hike
by Anupam Uppal on May 12, 2008 12:10 PM Permalink
go to a bank and ask for a loan...
some of the docs they will ask for is...
Gauranterwho can repay if u deafault(tough to find now days..) 5-10% margin money....50k to 100k.... IT returns.... MOrtgage of land/house if loan is above 7.5 lacs..... life insurance of the person of the amount of loan taken...premium cost 2-3%...add on 30k for 10 lac loan....
so banks are ready to finance but they are choosy as they see in case of any possibilty of client not able to repay the loan due to accident/non performance/expulsion from the insti...
