u/Lanky-Avocado-9322

Before and After result

IIM Indore vs FMS WL (SC category)

Converted IIM Indore and currently waitlisted at FMS (51-55 in SC category)

Would waiting for FMS make sense here or should I just go ahead with IIM I?

Will a waitlist in the 50s get cleared?

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u/Lanky-Avocado-9322 — 5 days ago

Hi everyone,

I’ve recently converted a top B-school (not abc) and I’m really confused about financing it.

My situation:

  • Total cost~ ₹30 lakhs
  • Category: SC
  • Family income: below ₹1 LPA
  • Sister earns ~4–5 LPA, but her income is not counted in family income

My current plan:

  • Take full education loan (~₹30L)
  • Apply for institute need-based scholarship
  • Try for merit/rank-based scholarships

But I’m not sure how realistic scholarships are and how much they actually cover.

I wanted to ask:

  • How much fee reduction can I realistically expect (need-based + SC scholarships)?
  • Are there any government scholarships I should definitely apply for?
  • Do IIMs/top B-schools give significant financial aid in cases like mine?
  • Any way to reduce loan burden further?

Would really appreciate guidance from people who’ve been in a similar situation or know about this.

Thanks!

reddit.com
u/Lanky-Avocado-9322 — 14 days ago