ISB increases scholarships by 55%

What: The Indian School of Business (ISB) increases scholarships by 55% for the incoming class; a total of rs. 3.3 crores to be awarded as scholarships.

Details:

~ The scholarships will be available for all the students who will be selected for the new Class of 2009.

~ The total scholarship amount represents a significant 55% increase over the scholarships offered to the previous Class.  

~ The scholarships are both merit and need based and will be given to outstanding students, selected on the basis of exceptional academic and professional performance, as well as personal qualities such as leadership, integrity, and community service. In an attempt to attract students from various professional, ethnic, and gender backgrounds, several scholarships will be awarded to students who come from small towns in India, women students, and international students.

~ The scholarships include funding from the ISB as well as from private companies who have come forward to support excellence in education. 60% of the scholarships will be awarded by the ISB while the remaining 40% will be awarded by private companies. Companies such as Citigroup, Novartis, Sierra Atlantic, Ambit Finance, and others, will award scholarships to the ISB students

~ The ISB has also entered into special agreements with leading banks such as HDFC Bank, State Bank of India, Andhra Bank, and Punjab National Bank, to provide soft loans to its students. About 95% of ISB students avail of the loan facilities. The ISB students are charged lowered interest rates and are eligible to avail collateral free loans.

Contact:

Ms. Bhuvana Ramalingam
Director - Communications
Indian School of Business
Telephone: 91 40 2 318 7431  E
E-mail: bhuvana_r@isb.edu
Web site: www.isb.edu

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