This is going to act as a deterrence to lower middle class. It seems now common man cannot join IIM without scholarship ( just like to study in US universities).
RE:deterrence to IIM
by SUMIT BEDI on Feb 29, 2008 06:56 PM Permalink
No...that's a wrong way to look at things... 1. Banks are more than happy to shell out education loan to a guy who has made it to any of the IIMs. 2. Looking at the Return on Investment, it seems good. You might be paying 7-8 lakhs but that can be repaid easily in 4-5 years.
