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Can I forgo an IIIT CSE admission to avoid a loan?

Nayagam P

Nayagam P P  |9525 Answers  |Ask -

Career Counsellor - Answered on Aug 13, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
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He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Asked by Anonymous - Aug 13, 2024Hindi
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Career

I'm choosing BA and UPSC preparation over IIIT Sonipat's CSE program to avoid taking a loan of 14 lakh . Is this decision right for me?"

Ans: Yes. But do thorough Research about UPSC Exam before starting to prepare for it. Have Plans B & C for some other career options also for your BA with Specialization. All the BEST for Your Bright Future.

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Ramalingam

Ramalingam Kalirajan  |9857 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Jun 17, 2024Hindi
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Sir,my aim was to study cse, now I have got electrical and computer in Thapar which costs around 5.4lakhs pa, amrita amaravati campus cse which costs around 3lakhs pa tuition fees, so it will go around 4-4.5 pa(including everything), and IEM in Kolkata IT branch which will cost around 7-8lakhs for 4years. Sir please guide me, money is not that much of a factor but I don't want to use my father's hard earned money, and would like to take a loan if the budget goes over 10lakhs. Sir please help me out as I am confused. Thank you.
Ans: Evaluating Your Options

You have three educational options:

Electrical and Computer Engineering at Thapar Institute.
Computer Science Engineering at Amrita Amaravati.
Information Technology at IEM Kolkata.
Let’s break down the financial aspects of each option to help you make an informed decision.

Cost Analysis

Thapar Institute:

Annual Cost: Rs 5.4 lakhs
Total for Four Years: Rs 21.6 lakhs
Amrita Amaravati:

Annual Tuition Fee: Rs 3 lakhs
Total for Four Years (including other expenses): Rs 12-15 lakhs
IEM Kolkata:

Total for Four Years: Rs 7-8 lakhs
Budgeting Considerations

Thapar Institute:

High Cost: The total cost of Rs 21.6 lakhs is significant.
Loan Requirement: Given the high cost, you might need to take a substantial loan, especially if the budget exceeds Rs 10 lakhs.
Amrita Amaravati:

Moderate Cost: Total cost is around Rs 12-15 lakhs, more manageable.
Potential Loan: You might need a smaller loan, making repayment easier.
IEM Kolkata:

Low Cost: Total cost is the most economical at Rs 7-8 lakhs.
Minimal Loan: If at all required, the loan amount would be minimal.
Personal Finance Impact

Parental Contribution vs. Loan

Thapar Institute: Requires a significant financial outlay or loan, impacting your family's finances. If a loan is taken, ensure that the interest rates and repayment terms are favorable.

Amrita Amaravati: More balanced in terms of cost. You might need a smaller loan, which would be easier to manage and repay.

IEM Kolkata: Least financial burden. If you prefer to minimize your family's financial stress, this is the best option.

Long-term Financial Planning

Return on Investment (ROI)

Thapar Institute: High ROI potential due to its strong reputation and placement record. However, the high initial cost needs to be justified by future earnings.

Amrita Amaravati: Good ROI with moderate costs. As it aligns with your preferred field (CSE), it offers a balanced investment with potentially good returns.

IEM Kolkata: Economical with good placement opportunities. Offers a favorable ROI with the least financial burden.

Loan Repayment

Thapar Institute: Higher loan amount means higher EMIs. Ensure you have a clear repayment plan based on your expected starting salary.

Amrita Amaravati: Moderate loan amount results in manageable EMIs. Easier to handle with a decent starting salary.

IEM Kolkata: Minimal loan requirement, if any. Loan repayment will be the least stressful.

Emergency Fund and Savings

Regardless of your choice, maintain an emergency fund for unforeseen expenses.

Plan to save a portion of your income post-graduation to build a financial cushion.

Final Insights

From a personal finance and budgeting perspective:

Amrita Amaravati strikes a balance between cost and your preferred field, making it a prudent choice with manageable financial implications.

Thapar Institute is a significant investment with potentially high returns but requires careful financial planning due to the higher costs involved.

IEM Kolkata offers the least financial strain and is a good option if minimizing costs is a priority.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Latest Questions
Nayagam P

Nayagam P P  |9525 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

Career
Sir i got nit surathkal marine structures and iit tirupati transportation engineering in mtech.. which will be the best option
Ans: Aneesha, NIT Surathkal’s M.Tech in Marine Structures is a long-established program under the Department of Applied Mechanics and Hydraulics, focusing on advanced marine and offshore structural engineering. The institute is highly ranked nationally, offers extensive infrastructure (including digital libraries, well-equipped labs, campus amenities, and strong hostel facilities), and reports a 73–75% placement rate for M.Tech with an average package around ?12–13 lakh and top recruiters in the engineering and infrastructure sector. Faculty are experienced, research output is robust with funded projects, and students benefit from multidisciplinary academic exposure. IIT Tirupati’s M.Tech in Transportation Engineering, though newer, benefits from the IIT system’s prestige, state-of-the-art campus, modern labs, and digital resources. The program focuses on highway, urban, and infrastructure transport engineering, reporting a placement rate near 54%, with growing corporate and academic linkages and access to research in emerging transportation systems. Faculty are actively engaged in national projects, and infrastructure is top notch, but large-scale industry affiliations are still developing as the campus expands.

Recommendation: NIT Surathkal Marine Structures is preferable for its consistently higher placement rates, mature industry connections, and a legacy of strong alumni support in core engineering domains. IIT Tirupati Transportation Engineering is an ideal alternative if you seek an IIT label, modern campus, and specialization in emerging transport technologies, but NIT Surathkal offers better immediate career prospects and an established platform for structural engineering. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9525 Answers  |Ask -

Career Counsellor - Answered on Jul 28, 2025

Career
Sir I got mtech transportation engineering in iit tirupati and marine structures in nit surathkal. Which will be the best option
Ans: Aneesha, NIT Surathkal’s M.Tech in Marine Structures is a long-established program under the Department of Applied Mechanics and Hydraulics, focusing on advanced marine and offshore structural engineering. The institute is highly ranked nationally, offers extensive infrastructure (including digital libraries, well-equipped labs, campus amenities, and strong hostel facilities), and reports a 73–75% placement rate for M.Tech with an average package around ?12–13 lakh and top recruiters in the engineering and infrastructure sector. Faculty are experienced, research output is robust with funded projects, and students benefit from multidisciplinary academic exposure. IIT Tirupati’s M.Tech in Transportation Engineering, though newer, benefits from the IIT system’s prestige, state-of-the-art campus, modern labs, and digital resources. The program focuses on highway, urban, and infrastructure transport engineering, reporting a placement rate near 54%, with growing corporate and academic linkages and access to research in emerging transportation systems. Faculty are actively engaged in national projects, and infrastructure is top notch, but large-scale industry affiliations are still developing as the campus expands.

Recommendation: NIT Surathkal Marine Structures is preferable for its consistently higher placement rates, mature industry connections, and a legacy of strong alumni support in core engineering domains. IIT Tirupati Transportation Engineering is an ideal alternative if you seek an IIT label, modern campus, and specialization in emerging transport technologies, but NIT Surathkal offers better immediate career prospects and an established platform for structural engineering. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

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