Top Scholarships and Loans. Every year, millions of young people in India aspire to pursue college after completing 12th grade, but financial difficulties become the biggest obstacle to their dreams. Statistics show that approximately 25 per cent of students in the country are unable to pursue higher education solely due to financial constraints. Rising tuition fees, living expenses, and a lack of resources often force talented students to drop out.

However, the good news for such students is that these challenges can be addressed through scholarships, fellowships, and education loans. This news is very important for you, as we explain how you can study with assistance from various programs for less money.

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Why is higher education becoming more expensive?

Today, the annual cost of a basic undergraduate course ranges from ₹50,000 to ₹2 lakh. Meanwhile, professional courses like MBA, medical, law, or engineering cost ₹5–10 lakh per year. In some prestigious institutions, the entire course costs ₹15–30 lakh. In such a situation, continuing education becomes challenging for economically disadvantaged students.

Major Reason for Rising Drop-Outs: Financial Problems

Between 2019 and 2023, more than 32,000 students dropped out of IITs, NITs, IIMs, and central universities. Nearly 3 per cent of these students cited financial constraints as the primary reason. Studies conducted in tier-2 and tier-3 colleges also revealed that 440 per cent of students are unable to pay fees on time, leading to interruptions in their studies.

Solutions to These Challenges: Scholarships + Loans + Digital Support

To address the problem of inability to attend college due to financial constraints, both the central and state governments and many private institutions offer scholarships. Digital portals and education loans also help students.

Government and Private Scholarships That Can Help
1. National Scholarship Portal (NSP)

Opportunity to apply for dozens of government scholarships on a single platform.
Website: scholarships.gov.in

2. Inspire Scholarship

Support for meritorious students pursuing studies and research in science.
online-inspire.gov.in

3. AICTE PG Scholarship

Financial assistance to M.Tech and ME students.
aicte.gov.in

4. JRF/CSIR Fellowship

Monthly stipend to research scholars.

5. State-Level Scholarships

UP Scholarship: scholarship.up.gov.in

Bihar Post-Matric: pmsonline.bih.nic.in

Haryana Scholarship: harchhatravratti.highereduhry.ac.in

Himachal Tech. Edu.: techedu.hp.gov.in

6. Top Private Scholarships

  • Reliance Foundation
  • Aditya Birla Scholarship
  • SBI Scholarship
  • Vidyasaarathi Scholarship

Education Loans: Where Scholarships Aren’t Available, Here’s How

1. Vidya Lakshmi Portal

Facility to apply for loans from multiple banks using a single form.

(pmvidyalaxmi.co.in)

2. Private Banks and NBFCs

Institutions like HDFC Credila and InCred offer loans both domestically and internationally.

3. Stipend and EMI Facilities

Many institutions, including IITs and IIMs, offer stipends and interest-free EMI plans to research scholars.

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Expert Opinion

According to education experts, any student can pursue higher education with proper planning and the use of scholarships and loans. Students must understand the costs, budget, and benefits of the course before making a decision. Also, financial burden can be reduced through online internships, part-time work and projects.