With rising inflation, scholarships and educational loans are the two funding avenues for students from middle class families who wish to pursue graduate and post-graduate studies in India and abroad.
Scholarships help bright students from poor families achieve their dreams. Professional colleges have high tuition fees and students with limited means would have no chance of becoming engineers or doctors, but for scholarships.
Students can get educational loans from banks if parents are able to offer collateral which often is the property in which the family resides. On securing employment after graduation the loan as well as interest is to be paid in the form of EMIs.
Securing loans for courses which have good job prospects, is not difficult. Similarly, students who have secured admissions in highly-ranked colleges and universities in India and abroad, can also get educational laons easily.