Is it worthwhile to take an education loan to study at IIIT Agartala?

Is it worthwhile to take an education loan to study at IIIT Agartala?

Hey there! If you’re thinking about taking an education loan to study at IIIT Agartala, let’s break it down in simple terms.

Quality of Education and Placements: IIIT Agartala is fairly new but has a solid BTech program in Computer Science and Engineering. The teachers are quite good, mostly from NIT Agartala, and they provide a strong academic foundation. Some students do mention they use online resources to supplement their learning, which is pretty common these days.

In terms of placements, IIIT Agartala has had some impressive results. The highest domestic package has been around INR 45 lakhs per year, and the highest international package has been a whopping INR 1.15 crores per year, with top companies like Amazon recruiting students. The average salary is around INR 21 lakhs per year, which is pretty good and suggests you’ll get a decent return on your investment.

Cost of Education: The total fees for the BTech program at IIIT Agartala are about INR 11.5 lakhs for the entire course. Given the strong placement records, the potential return on your investment seems favorable, especially if you land a job with one of the top recruiters.

Education Loans: You can get unsecured education loans (loans without collateral) from several banks and financial institutions. Here are some options:

  • State Bank of India (SBI): Offers loans up to INR 7.5 lakhs without collateral.
  • HDFC Bank: Provides unsecured loans up to INR 30 lakhs for domestic education.
  • ICICI Bank: Offers loans up to INR 20 lakhs for undergraduate courses.
  • IDBI Bank and Punjab and Sind Bank: Have similar loan schemes up to INR 20 lakhs for studies in India.

Is It Worth It?: Considering the high placement rates and the good salary packages, taking an education loan for IIIT Agartala seems like a good idea. The chances are high that you will secure a well-paying job after graduation, which will help you pay back the loan comfortably.

Make sure to compare different loan options and understand the terms before deciding. You can also use platforms like GyanDhan to help you navigate the loan process and find the best options for your needs.Good luck with your decision!