PSA: Financial Aid and Fee Support at IIM Bangalore
In response to various posts about IIM Bangalore's undergraduate fee structure, we felt it would be a good time to share some information about institutional need-based financial aid available to selected students.
Financial aid is readily available to selected candidates. One must submit the requisite details about family background, annual income, etc. and appear for an online interview, following which financial aid is granted to eligible candidates. It is important to note that the availability of aid for the entire course is contingent upon the candidate maintaining institution-mandated academic standards in terms of CGPA.
In a sample of 60 selected candidates in an informal group, over 10 students have received financial aid so far. Aid, as a percentage of total course fees, is granted in increments of 25%, with multiple students on 25%, 50%, and 75% support. In this same group, four candidates that we know of have had 100% of their course fees met by aid.
From the same sample of 60 students, responses indicate a total disbursement of over INR 3 crore in fee support so far.
Again, all data reported above comes from an informal, student-run group that has 60 of the 80 total candidates who have been selected for IIM Bangalore's undergraduate programmes in Economics and Data Science.
In closing, official communication from IIM Bangalore has long maintained that selected undergraduate candidates would not be denied a seat on account of one's financial background. Given the considerable monetary commitment expected of students, we hope this post has helped all community members make a more informed decisions as they consider IIM Bangalore for their undergraduate studies in the near future. Thank you!
A screenshot shared by a student who secured 100% financial aid
