Mumbai: The Oberoi International School (OIS) of Mumbai has launched scholarships for International Baccalaureate (IB) diploma programme aspirants.

The diploma programme by IB is getting popular. However, most parents cannot afford an IB education due to its high costs. The cost of the programme ranges between Rs.4.5 - 6 lakh per year.

Andreas Swoboda, head, OIS said, "This is the first time an IB school will waive off between 25pc and 100pc fees for both academic and non academic excellence."

The Scholarship is not only being offered for academic excellence but for sports skills as well. OIS will also waive off the non-refundable enrollment deposit of Rs.1,50,000 for those students which will enter through its scholarship programme. Initially, 30 such scholarships will be offered, said Swoboda.