One of the biggest challenges faced by MBA aspirants is to find a solution to meet ends as far as the high costs of education in B-schools are concerned. However, one can find many sources of funding for their MBA program that is worth giving a shot. Some students combine their own financial means (savings and financial support for the family), while others have to be dependent upon different resources including loans, grants, and income.
Following are a few pointers that can be of huge help to aspirants looking for scholarships to fund their 1-year PG courses and MBA programs: -
An ideal way to begin searching for finances to support one-year PG program or MBA program in India is to investigate what scholarships are provided by the governments and private agencies/foundations. These grants & scholarships, when obtained, don’t have to be repaid. Awards are given to those applicants who possess an exceptionally professional and educational record and show tremendous potential for a brighter future and success in the corporate sector.
There are several other grants offered to a few selected aspirants–it can be students belonging to a certain religion, nationality, ethnicity, or academic interest, for instance. To find out which scholarship one is eligible for, please refer to one of the many publications that provide a list of scholarships and educational grants.
Many business schools offer merit-based scholarships to top applicants. Therefore, it is always suggested that one should have established networks with the financial aid offices of business schools.
SOIL Gurgaon gives merit-based scholarships as well as scholarships based on financial needs of the applicants. Applicants with impressive academic records along with the excellence in extracurricular activities, community service, and exceptional performance during admission procedure of their 1-year PG or MBA programs qualify for SOIL Scholarship. However, scholarships are provided on the first-come-first-served basis. It is, therefore, suggested that interested applicants need to apply early to be considered because of the first come first enroll scholarship process.
But it is also worth noting that even after securing financial assistance through scholarships or employer sponsorship, many MBA aspirants still might have to take out a loan to finance their education and living expenditure. Several banks, lenders, and private institutions also offer loans to the student (students loan). One must carefully go through the terms and conditions of these lenders before taking the loan and understand the rate of interests applicable to each.
Know More About Why One year MBA at SOIL Gurgaon is a good option?
This article aims to clarify any doubt in the minds of the MBA aspirants who are looking for scholarships to pursue their 1-year PG courses & executive MBA programs not only in SOIL Gurgaon but all over the nation.