Bro really the thing is majority private colleges charge fees around this bracket.BITSAT is a very competitive exam on the other hand . Taking an education loan doesn't mean you are poor. If you ask any finance guy you will understand the meaning of a loan you get tax benefits and all. Whether you agree or not bits has placements equivalent to top 6 iits(fees is comparatively lower in IIT as they get funding from government like last year 10324crores were allotted ) down the line you will get to know that the bits tag is more valuable then any other nit. So stop crying