Financing a BBA Degree in 2022: The ways to do it

Getting a job after graduation is the simplest expectation that one can have from a degree. Well, a BBA degree just hits the spot, and the prospects it offers are unmatched in any other 3 years undergraduate degree.

After doing a BBA degree, you will certainly be eligible for entry-level positions in various corporate houses. But it might be difficult to navigate your way around a job after that if you don’t learn things in a practical way.

In order to avoid such a situation, you need to choose BBA colleges that focus on industry experience. However, these colleges can be expensive and very difficult to afford for many students in India.

Additionally, entering a top college will mean relocating to a different city. That has expenses as well, along with living costs for 3 years. As a result, many end up taking up other more affordable degrees, like B.Com.

But there are newer ways to solve this problem, thanks to fintech. Read on below to find out more about them.

A new world for BBA aspirants


Many of the top private colleges for BBA recognize the problems that meritorious students in tough economic conditions face. They also know that if given the chance, these students will become excellent performers, and add to the college’s reputation.

As a result, they offer scholarships to attract such students and give them the opportunity without the financial burden. Top colleges usually do it on the basis of the candidate’s performance in the entrance examination.

It can be in the form of a reduction in the course fee, from 25% to as much as 100% in some colleges. Other colleges may even offer additional living expenses to get through the financial stress.

Bank loans with low-interest rates

Taking an education loan is perhaps the most common way to finance your BBA. Most Indian banks offer bank loans at reasonable interest rates. At present, Indian banks are offering somewhere between 6.12 % – 7.25 % interest rates for education loans.

You can pay the installments monthly, which will save you from the trouble of producing all the money at once. However, the total amount that you have to dish out to the bank will be significantly more after adding the interest.

Students often tend to not opt for bank loans because they significantly crunch your financial independence. When you live under so much pressure, it is hard to do the most important thing – focusing on your studies.

Pay After Placement

Pay After Placement is a recent innovation in fintech which allows students to pay the course fee in monthly installments after they get placed and start receiving the salary. Only a few colleges are offering this scheme, and it’s undoubtedly unique.

At the time of admission, you will have to pay a registration amount, which is a relatively small sum. Then when you get placed, you start paying the rest of the course fee, with a small interest, as monthly installments.

The advantage of the Pay After Placement scheme is that you pay the course fee while your earn. As a result, during the course, you are financially independent and studies can be your top priority. 

Top 3 BBA Colleges offering Pay After Placement

  1. SAGE University, Indore: SAGE offers pay after placement BBA program, where there is a 100% guarantee of placement. The focus is on hands-on learning with three compulsory internships during the study period.
  1. Netaji Subhas University, Jamshedpur: It is the only college in the entire state of Jharkhand offering the Pay After Placement program for BBA. There is amazing infrastructure and excellent faculty, which makes it a great learning environment.
  1. Himgiri Zee University, Dehradun: It is also the only university in all of Uttrakhand that offers Pay After Placement BBA. The partnerships of the institute with placement promoters and industry leaders make them exceptionally well-suited to attract recruiters.

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Finally, it must be noted that the popularity of Pay After Placement BBA is rising steadily. The fact that the institute lets you pay after placement means that they are confident of getting you placed. All the colleges listed above will not charge you the remainder of the course fee if they fail to get you placed.

Moreover, if you pay the fee in advance, like other colleges, your money will be returned with any deductions. Thus, compared to bank loans, it is a much safer option, where there are gains from all sides.

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