Welcome to the IBS®

Financial Aid - Class of 2010

Admission Fee

Candidates selected for the PG Program are required to pay the admission fee (non-refundable) of Rs.80,000 in two equal installments of Rs.40,000 on or before March 10, 2007 and April 10, 2007.

Fee Schedule

Students are required to pay tuition and other fees as indicated below:

(All figures are in Rs.)

Due Date	Install- ment	Other Fee Common to all Campuses			Fee at IBS^® Hyderabad		Fee at other campuses
Due Date	Install- ment	Student Activities Fund	Caution Deposit*	Alumni Fee	Tuition Fee #	Total	Tuition Fee	Total
June 01, 2007	I	10,000	10,000		1,24,000	1,44,000	1,04,000	1,24,000
October 08, 2007	II				1,24,000	1,24,000	1,04,000	1,04,000
February 18, 2008	III				1,24,000	1,24,000	1,04,000	1,04,000
June 02, 2008	IV	10,000			1,24,000	1,34,000	1,04,000	1,14,000
October 13, 2008	V			15,000	1,24,000	1,39,000	1,04,000	1,19,000
Total		20,000	10,000	15,000	6,20,000	6,65,000	5,20,000	5,65,000

*Refundable after the completion of the program, subject to the clearance of all dues (if any).

# Tuition fee covers tuition, mentoring, counselling, course material, learning resources, laptop, software licenses and placement expenses. This is also includes admission fee, examination fee, of the MBA Program of the ICFAI University, Dehradun.

Merit Scholarships

There are two types of merit scholarship schemes:

(a) IBSAT Merit Scholarship

Merit scholarship up to Rs.4 lakhs is awarded to the top 100 students based on their performance in IBSAT. The students are required to maintain a GPA of 8.0 in each semester to be eligible for this merit scholarship during the program.

At Admissions Stage
Category	Eligibility Criteria		Merit Scholarship (Rs.)
Category	IBSAT Ranks	GMAT Scores	Merit Scholarship (Rs.)
I	01 to 20	701 & above	Rs. 4,00,000
II	21 to 40	676 - 700	Rs. 3,50,000
III	41 to 60	651 - 675	Rs. 3,00,000
IV	61 to 80	626 - 650	Rs. 2,50,000
V	81 to 100	601 - 625	Rs. 2,00,000

(b) Campus Merit Scholarship

This is a merit scholarship scheme based on academic performance at each IBS^® campus with scholarships up to Rs.3 lakhs.

Under this scheme, the top 25% performers at each IBS^® campus will be eligible to receive merit scholarships based on specified GPA in each semester. The details of eligibility and conditions to be met for the campus merit scholarship will be provided in the Student Handbook.

Merit-cum-means Scholarship

These scholarships of up to Rs. 3 lakhs each are awarded to a total of 180 students (10 students from each campus). The students who are meritorious and who are in need of financial assistance are eligible for this scholarship. To be eligible for the scholarship, they are required to maintain GPA of over 7.0 in each semester. Students can apply for this scholarship in the first semester.

The details of eligibility and conditions to be met for the merit-cum-means scholarship will be provided in the Student Handbook.

Students are eligible to receive any one of the scholarships i.e., the merit scholarship or the merit-cum-means scholarship.

Special Scholarship

All students of IBS^® campuses located at Bhubaneswar, Goa, Indore, Jaipur, Kochi, Lucknow and Mangalore are eligible to receive a special scholarship of Rs.1.5 lakhs. To remain eligible for the special scholarship, they should maintain a minimum CGPA of 5.5 in each semester. The special scholarship can be claimed in addition to merit scholarships.

Loan Scholarships

IBS^® offers need-based loan scholarships up to Rs. 2 lakhs to 2000 students across all the IBS^® Campuses.

These scholarships are offered to students subject to their maintaining a minimum CGPA of 5.5 (out of 10) during their course of study at IBS^®. Students can apply for loan scholarships during the second semester. The highlights of the loan scholarship scheme are:

Rate of interest is 12% p.a.
Repayment starts six months after completion of studies or after getting a job (whichever is earlier).
Equated monthly installments (EMIs): 36.
Post-dated cheques should be deposited for all EMIs.
All documentation needs to be duly signed by the applicant and parent/guardian with joint and several liability.

Loan scholarships are need-based and meant to bridge any funding gaps that may arise during the student's course of study. For example, a student whose expenses are Rs.6.5 lakhs and who gets a bank loan of Rs.5.5 lakhs and a merit scholarship of Rs.1 lakh will not be eligible for a loan scholarship. The loan scholarship will be provided only to those, who after utilizing other sources of funds like bank loans, merit scholarships, etc., still fall short of funds to continue their studies.

Stipendiary Assignment Program

The Stipendiary Assignment Program (SAP) is a unique program designed to benefit students pursuing their postgraduate study in business administration at IBS^®. SAP is designed to allow these students to obtain practical exposure while studying at IBS^®. Students who are interested in joining this program will be given required training prior to being inducted into the program.

SAP offers students an opportunity to work on a part-time basis as brand ambassadors, to promote its various knowledge products (flexible learning programs, full-time programs and publications). Other assignments are also available with different departments.

SAP is a voluntary program and offers practical exposure, skill development opportunities and a regular monthly stipend with attractive performance-based incentives. Over 1,000 students of IBS^® are currently in SAP.

Click here for more details.

Bank Loans

Many public sector and private sector banks provide educational loans to students selected for the Post Graduate Program in Business Administration from IBS^®.

To help prospective students get bank loans, we have networked with the following banks:

State Bank of India
State Bank of Hyderabad
Punjab National Bank
Oriental Bank of Commerce
Corporation Bank
Andhra Bank
Syndicate Bank