No, IIT Madras is not very expensive but even if students feel that it is, worry not there are scholarships available for students. Some of the top scholarships offered by Chennai IITM are mentioned below:
Indian Institute of Technology Chennai (Indian Institute of Madras) Scholarships | Eligibility | Scholarship Amount/ Benefit |
|---|---|---|
-Merit-cum-Means/ Free studentship (offered to 25% of admitted students) | - Family income less than INR 4.5 LPA - Renewal of scholarship for students with a minimum GPA of 5.0 in the previous semester | 67% tuition fee exemption |
Notional prize (offered to 7% of admitted students) | - Rank in JEE - Family income less than INR 4.5 LPA | One time grant of INR 1,000 |
SC/ ST scholarship | - Family income less than INR 4.5 LPA - Renewal of scholarship for students with a minimum GPA of 5.0 in the previous semester | - Free mess charges - pocket allowance INR 250 per month - over and above tuition fee exemption |
Indian Women's Association at Bonn scholarship | - Family income up to INR 5 LPA - Rank in JEE | INR 1,250 per month for 12 months for one BTech student only. |
M Sankaraiah and M Saradha (Mithigiri) Scholarship | Based on the highest CGPA by the end of the fourth semester of BTech/ dual degree electrical engineering | One time amount of INR 20,000 |
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In Non-Engineering course such as MA, the average and median package recorded in 2025 was 17.2 LPA. Further, during MBA placements 2025, the highest and average package recorded was 35.5 LPA and 17.9 LPA.
The median and average package recorded during IIT Madras BTech EE placements 2025 was 22.5 LPA and 28.8 LPA. In BTech Dual EE branch, median and average package stood at 38.2 LPA and 43.5 LPA. In M.Tech EE, median and average package was 22.1 LPA and 24.4 LPA.
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