I think the biggest boost for you must be to get a good GMAT score which must be above average for typical Indian IT applicants, and once that is clear, you need to thread down your story to connect your experiences with your short and long term goals.
Being said that, I must say that scholarships in US B-schools, specifically for similar looking profiles of Indian candidates, largely incline on your academic credentials and GMAT score. So, if you say that your acads are average, you have all the time to compensate that with an excellent GMAT score!
To answer you specifically, fees definitely is high in US, but most schools are also pretty generous in distributing financial aids. I, with a GMAT of 710 and normal profile, have been able to get ~$50k scholarship for 3 top 20 US schools, and $60K from another 3rd tier school, and if you ask me, I attribute all this to (in order of priority):
1) Decent GMAT score
2) Stellar and differentiating essays
3) Confidence in interview
4) Clear career growth plan and projecting the same in all components of my application (including connecting previous experiences)
5) Enthusiasm towards the school I am applying to
I also know people having exactly the same profile as mine but having higher GMAT getting a full scholarship from schools I have been admitted to. But at the same time, they all wrote superb essays, and we worked through each roadblock to pave our way forward.
I'd definitely say that you should never ever be discouraged by high fees at US B-schools and rather try to focus on getting a good GMAT and write a stellar application, and I am sure you will get what you want..Good Luck...
P.S.: You can PM me for any specific queries regarding my profile, schools, and decisions that you may have
Ankie SaysFrom this year onwards, SBI has raised the upper limit for the loan amount for IIFT students to 15L without any collateral. These details are still not on the site but was confirmed by a fellow IIFT convert (who is an SBI employee) on the FB group of IIFT 2012-14 Converts.
lava22 SaysGMAT is changing its pattern from june 2nd. any idea about the new pattern and the kind of prep required for it?
I also got a cal from Credila.
The interest rate they are offering for IIFT is 12.95%.
Any idea about SBI??
Also, they too are not asking for any collateral.
Regarding the placement process for ppl who have high work ex(3-4+ years) are picked up at a higher package and sometimes are given one post higher thn the other guys(this is usually the case in IT). For example Cognizant picks up ppl at a different level if you have around 5+ years of work ex. Well it totally depends from company to company too!
There were not more thn 15-20 ppl who had more than 3 years of work ex in 2010-2012 batch(PGPM, IM, HR). (I myself had 44 months of work ex at the time of joining MDI). Anyway, I think its better if you PM me with your exact queries or you can post them here too.