The following Internet
Articles describe the trials and tribulations of Super 30 achievers.
A bunch of dedicated students have
overcome all odds to qualify for admission to Indian IITs
They have navigated the perils of
emotional barriers to reach the final hurdle. The final hurdle of INR45,000/-
seems insurmountable to a many Super 30
2015 class student.
This NDTV article
(@Super 30 Helped Them Clear The IIT Exam. Now, They Need Your Help),
underlines how collectively We INDIANS have failed the brightest minds of our
country.
Super
30 students short
of money for IIT counselling
RAMANUJAN SCHOOL OF MATHEMATICS does not take any donations as Mr.Anand believes
donations hinder the teaching process at RAMANUJAN SCHOOL OF MATHEMATICS .
One simple way to support these super achievers
is through Education Loans.
In India Education Loans are provided
by Banks and select finance companies.
One
of the key aspects of the IIT Seat counselling process is the ‘Seat Acceptance Fees’.
Only after payment of this ‘Seat Acceptance Fees’, the Admission Letter is
issued to the student.
This creates a piquant situation Banks can
provide education loans only if students have Admission letter. Many RAMANUJAN
SCHOOL OF MATHEMATICS Super 30 students
do not have funds to remit the ‘Seat Acceptance Fees’, itself. The struggle has
already started.
Extract
from IBA’s MODEL
EDUCATIONAL LOAN SCHEME FOR PURSUING HIGHER EDUCATION IN INDIA AND ABROAD:
Student eligibility:
·
The student
should be an Indian National.
·
Should have
secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/
Merit Based Selection process after completion of HSC(10 plus 2 or equivalent)
Expenses
considered for loan :
i.
Fee payable
to college++/ school/ hostel*
ii.
Examination/
Library/ Laboratory fee
iii.
Travel
expenses/ passage money for studies abroad
iv.
Insurance
premium for student borrower, if applicable
v.
Caution
deposit, Building fund/refundable deposit supported by Institution
bills/receipts. **
vi.
Purchase of
books/ equipments/ instruments/ uniforms***
vii.
Purchase of
computer at reasonable cost, if required for completion of the course***
viii.
Any other
expense required to complete the course - like study tours, project work,
thesis, etc.***
ix.
While
computing loan required, scholarships, fee waiver etc., if any available to the
student borrower may be taken into account.
It would be great, if Banks can provide
Loans by taking appropriate waivers from top management.
Q: What is the amount at risk?
Ans: INR 18,00,000(Rupess Eighteen lacs)
Seat Admission Fees INR45,000/-
Other expenses INR15,000/-
Total INR60,0008 * 30 = INR 18,00,000(Rupess
Eighteen lacs)
Education Loans are far superior to other
options i.e Waiver of fees, crowd sourcing etc
