After your enrolment to ICFAIs MBA, incase if you want to withdraw or come out from MBA program, it is painful. I have seen this with my fellow colleague who was opted for MBA.
Later my friend got an opportunity to work in UK for 2 yrs. He wrote an e-mail and conveyed to ICFAI about his decision on not being able to continue his studies further with them.
Then it came as a surprise that my friend will have to pay for entire program money though he isn?t continuing with them. They insisted my classmate to give post dated checks for next 2 yrs. After much fight fare thru e-mail/phone etc ... still the case is not solved. He is extremely upset about this racket.
BETTER be cautious if you are going to discontinue to pursue some other plan. Be patient enough to handle such scenarios.