After completing Class 12, students in Bihar often struggle to decide how to finance higher education. The three most common options available are: Bihar Student Credit Card Scheme (BSCC), government scholarships, and private education loans.
Each option has its own benefits and limitations. Choosing the wrong one can lead to financial stress, while choosing the right one can make higher education affordable and smooth.
This article provides a clear, honest comparison to help students and parents make the right decision.
If you are not familiar with BSCC basics, read the BSCC overview page .
What Is Bihar Student Credit Card Scheme (BSCC)?
BSCC is a government-backed education loan scheme launched by the Government of Bihar. It provides financial assistance of up to ₹4,00,000 to eligible students after Class 12.
- No collateral required
- Interest subsidy on timely repayment
- DRCC counseling and verification support
- Repayment starts after course completion
Read full details: Bihar Student Credit Card Scheme .
What Are Government Scholarships?
Scholarships are financial grants provided by central or state governments to support students from specific categories such as SC, ST, OBC, minority, or economically weaker sections.
- No repayment required
- Limited amount
- Category-based eligibility
- Not available for all courses
Scholarships alone often do not cover full course fees, especially for professional courses.
What Is a Private Education Loan?
Private education loans are offered by banks and NBFCs without government subsidy. These loans usually come with higher interest rates and stricter conditions.
- Collateral often required
- Higher interest rates
- Immediate EMI or short moratorium
- No government support
BSCC vs Scholarship vs Private Education Loan – Comparison
| Feature | BSCC | Scholarship | Private Loan |
|---|---|---|---|
| Maximum Amount | ₹4,00,000 | Limited | Higher (depends) |
| Repayment | Yes (after course) | No | Yes |
| Interest Subsidy | Yes | Not applicable | No |
| Collateral | No | No | Often required |
| Best For | Professional courses | Fee support | High-cost education |
Which Option Is Best for Bihar Students?
For most students in Bihar, BSCC is the most balanced option because it combines government support, affordability, and accessibility.
Scholarships are best used as additional support, while private loans should be considered only if BSCC is not applicable.
If BSCC is rejected, follow: BSCC application rejected – reasons & solutions .
BSCC vs Scholarship vs Private Loan – FAQs
Q. Can I use BSCC and scholarship together?
Ans. Yes, scholarships can be used along with BSCC.
Q. Is BSCC better than private education loan?
Ans. Yes, due to lower burden and government subsidy.
Q. Should I take private loan if BSCC is available?
Ans. Generally no, BSCC is safer and cheaper.
For complete guidance, refer to the BSCC overview page .