How Much To Study Medicine At Private Colleges In India?

Choosing a medical career is a challenge that each student in India dreams of. However, studying medicine at private colleges might be very expensive hence it is a very costly venture for anybody to undertake. In this blog, we shall explore how the cost of studying medicine in private universities or colleges can be determined and provide a general outlook on fees.

1. Tuition Fees

The principal cost of the study of medicine in a private college in India is the cost of tuition fees. Such fees differ depending on the repute, geographical location, and variety of facilities in the college. Generally, MBBS degree costs in private colleges in India vary between INR 7 lakhs to INR 25 lakhs per year. Perhaps certain colleges may even charge more than this amount of fees depending on the university status or city status of the college.

2. Additional Expenses

There are several other costs that the students must meet provided he or she wants to attend a private medical college. These include:

• Accommodation Fees: Most private colleges offer accommodation facilities to students and the rent is between 1 lakh and 2 lakhs per year. Depending on the type of accommodation and facilities it provides prices can be different greatly.
• Laboratory and Library Fees: Medical education cannot be done without practical knowledge, which includes practical-oriented lab work and access to the medical literature. Most of the students require INR 50,000 to INR 1 lakh per year to cover the costs associated with laboratories and libraries.
• Other Miscellaneous Expenses: These may include book and study expenses, equipment, transport, examination fees, and uniforms, which range from INR 50000 to 1 lakh per year.

3. Capitation Fees

The most discussed aspect of medical education at private colleges in India is still the concept of capitation fees also termed as donation fees. These are non-refundable fees and they may cost anything between INR 10 lakhs to INR 50 lakhs or more depending on the super niche and reputation of the colleges. Although this has been outlawed in some states, it is still practiced in various other forms and therefore is an extra expense for students and their families.

4. Government Quota Seats

Few private colleges admit students under the government quota at a much cheaper charge than the management quota fee. The fees of private medical colleges for the seats that come under the government quota may lie between INR 200000/- to INR 1000000/- per annum. These seats are specially reserved for students who want to get admission into MBBS and BDS courses through management quota but they have to pass the National Eligibility cum Entrance Test (NEET) at the national or state level.

5. Scholarships and Financial Aid

To exempt themselves from some charges they can use scholarships and financial aid which are provided by numerous organizations including government and NGO. A few private colleges also offer students various scholarships based on merits. However, the other traditional sources of financing for the medical of the students include; education loans from commercial banks.

Conclusion

Education costs in private colleges in India for attaining a medical degree are extremely expensive and it includes tuition fees, other relevant expenses, and capitation fees. This is very compulsory for students, parents or guardians, or anyone willing to sponsor the tuition fees for private medical education should budget appropriately before choosing this pathway.

At PracBee, we pursue client-focused solutions and we believe that quality education should be attainable to all. An important service we offer students is the destruction of the entrance examination so that they can get a seat in a college of their choice as long as this is no financial burden to them. We assist you in the first step to achieving your desired medical profession.