The GMAT exam has been the test of choice by the world’s business leaders to get into the world’s leading business schools.

Grants and Scholarships

Grants and scholarships are awarded by schools and are based on merit or need. Availability is limited, especially for graduate business students.

A full scholarship pays for a student’s entire cost of attendance, whereas a partial scholarship only pays for part.

Student Loans

The following when weighing loan options:

You may qualify for private loans or campus-based loans
An MBA program in the US costs between USD 50,000 – 60,000 (INR 25 to 30 lakhs).
Upon graduation, typical annual salaries range from USD 60,000 to USD 75,000, making loan repayment fairly easy.

GMAT Scholarships:

Bank Loans (In India)
USD 10,000 - USD 35,000
Approx. 15%

Scholarship providers:

Aga Khan Foundation:

This fellowship is available for development studies and courses not available in India. Forms are issued from January each year and completed forms must reach by 31st March of the year of award.

For more details and application form, write to:
Aga Khan Foundation,
Sarojini House, 2nd floor,
6 Bhagwan Dass Road,
New Delhi -110001

Inlaks Scholarships:

This fellowship is available for several disciplines.Applicants must be graduates, and 19-30 years old. Completed application forms must reach by 30th August for the following year.

For more details and application form, send a self addressed envelope to:
Inlaks Foundation,

PO Box 2108,
Delhi-110007

AT&T Leadership Awards (For U.S. only):

U.S. $ 5,000 awards for the students from the Asia-Pacific region going to the U.S. for study in any discipline. Six of the 36 awards went to Indians in 1998. Applications must reach the programme’s Malaysia office by 15th September. Decisions are announced by 31st December.

For more details and application form, write to USEFI or email awards@attmail.com or fax at (886) 2-2715-7013 (attn: AT&T Leadership Award)

Rotary Ambassadorial Scholarships:

The scholarship amount goes upto U.S. $ 23,000 for studies in any subject and any country.

For any information, contact any Rotary Club office or write to:
The Scholarships Programme,
Rotary Foundation,
Rotary International, One Rotary Centre,
1560 Sherman Avenue,
Evanston, Illinois, U.S.A.