Education and Career Forum

I wank to get my daughter admitted in reputed institute and want to know the complete fee structur including hostel fee for commerce stream and will i get loan from bank for it?

The fee structure for admission in reputed boarding school in commerce stream depends on various factors such as the location, type and ranking of the school, the facilities and amenities provided by the school, the curriculum and syllabus followed by the school etc. Therefore, it is difficult to give a precise answer without knowing your preferences and budget.

However, based on some web results, I can give you a rough estimate of the fee range for some reputed boarding schools in commerce stream. For example,

SCMS School of Technology and Management - Kochi, Kerala: The fee for 1st PUC Commerce stream student is around Rs. 50,000 per year

The Doon School - Dehradun, Uttarakhand: The fee for Class 11 Commerce stream student is around Rs. 12 lakhs per year.

Mayo College - Ajmer, Rajasthan: The fee for Class 11 Commerce stream student is around Rs. 9 lakhs per year.

These fees include tuition fee, hostel fee and other charges. You can check more details on their respective websites.

As for getting a loan from bank for this purpose, you need to meet certain eligibility criteria such as:

• You should be an Indian citizen.
• You should have a good academic record.
• You should have secured admission in a recognized boarding school.
• You should have a co-applicant who is your parent or guardian.
• You should have a satisfactory credit score and repayment capacity.

You also need to submit some documents such as:

• Admission letter from the school.
• Fee structure from the school.
• Identity proof and address proof of yourself and co-applicant.
• Income proof of co-applicant such as salary slip or IT return.
• Bank statement of co-applicant for last six months.

The loan amount, interest rate and repayment period may vary depending on the bank and your profile. You can compare different banks’ offers online or visit their nearest branch for more information.