An IB (International Baccalaureate) school is an educational institution that follows the IB curriculum and teaching philosophy.
Some benefits Indian students seek from IB School include:
- Internationally recognized and respected curriculum
- Emphasis on inquiry-based learning, critical thinking, and intercultural understanding
- Well-rounded education that develops academic, social, emotional, and physical skills
- Opportunity to participate in the rigorous IB Diploma Programme (DP)
- Preparation for further education and employment opportunities both nationally and globally
- Focus on developing students as lifelong learners and responsible global citizens.
International Baccalaureate (IB) schools have become a topic of discussion among Indian students and parents seeking a foreign education. While these schools are known to provide a quality education, the question arises whether they are affordable for the average Indian family.
According to a recent study, 'Rise of IB Schools in India', approximately 40 new IB schools are added to the education sector in India every year. While this constitutes only four percent of the total number of private schools in India, it is still a substantial increase. However, the fees for these schools can range from a few lakhs to a few crores per annum, with the average amount charged by most international schools being over $10,000, which is equivalent to approximately Rs 8.28 lakh per annum.
This significant amount makes international education inaccessible for lower-income groups, with the nominal per capita income of Indians being only Rs 1.97 lakh. While IB schools are often considered by those who want to study abroad, the flexibility and level-playing field offered by the program prepare learners to take up professional programs, giving them a competitive edge to perform well in Indian universities. But this is a luxury that only a select few can afford.
India currently has 212 IB schools, which make it the fifth-highest number of IB schools in the world. These schools educate thousands of students, and globally, there are over 5,500 IB schools across 160 countries offering education to 1.95 million students aged between three to 19.
Despite the high fees, students prefer to study in IB schools because it allows them to apply to Indian Universities for an equivalence certificate from the Association of Indian Universities (AIU) upon the release of their results, and directly approach the eligibility department of their selected universities. Moreover, studying in IB schools increases the chances of getting selected in an international university due to the widely recognized curriculum.
The education system in IB schools consists of the Primary Years Programme (PYP) for the three to 12 age group, the Middle Years Programme (MYP) for the 11-16 age group, and the Diploma Programme (DP) and Career-related Programme (CP) for the 16 to 19 age group. Students who attend IB schools are better equipped to apply to international universities due to the widely recognized curriculum offered by these schools.
In conclusion, while IB schools have gained momentum among Indian students seeking foreign education, it is clear that these schools are not affordable for the average Indian family. This means that the vast majority of students in India must seek alternative education options to gain a quality education, and EnerCap is here to help you make ends meet by offering loans with easy to repay payment plans so you can enrol your child into the ideal IB School without having to stress over the cost.
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