Do you aspire to study abroad? Studying abroad is one thing that every student aspires as it unveil a plethora of new opportunities. Additionally, it can also be a wonderful experience. However, proper planning and proper use of available resources are very important. One of the most important concern of almost every study abroad aspirant is arrangement of finance. If you want to study abroad, undoubtedly you have to invest a lot. Finance is a very important factor to consider for students aiming to study abroad. Therefore it is important to plan everything carefully and take a sensible step towards studying abroad.
What is Financial Aid?
Financial aid is a program made to support study and training abroad. This is like a loan available to help students to meet their college expenses. In this, the students from abroad are required to show sufficient amount of funds that will cover first year of their college studies, especially during visa application after admission. This financial aid is provided by various sources federal and state agencies, colleges, high schools, foundations, trusts and corporations.
Here are some options that will help you to arrange your finances for studying abroad:
If you want to find study abroad scholarship, you should start by inquiring at your school’s financial office. They usually have set of available scholarships. Also try to look for more options for scholarships through searching on internet. Also you should qualify certain criteria to get scholarship. However, this criteria can vary. In general, candidate should have good grades and should be an upstanding person. Federal government, state, or private institutions provide scholarships for overseas studies.
2. Bank Loan:
Several banks offer education loan for students who want to study abroad. Leading private banks in India offer these loans with different rate of interest. While taking such loan, always compare different kinds of loans, offers they are providing. State-run banks always have lower interest rates in compared to private ones. Get complete detailed information on loan through bank’s website. Also many banks provide loan only for long-term programs not short-term. This loan usually cover tuition fees, library charges, hostel charges, exam fees, equipment, book cost, travel expenses, caution money, projects, etc.
3. Loan from Trusts:
There are many private trusts who reward scholarships or loans to students who wish to study abroad. The main objective is to encourage talented and deserving students to gain education from world’s best university. Loans from these private trusts have low interest rates or sometimes are interest free.
Some well-known trusts are:
K.C. Mahendra education trust, R.D. Sethna Scholarship Fund, Sahu Jain trust, J.N. Tata Endowment, Mariwala Trust.
If you want to get detailed information about how these trusts help you CLICK HERE.
Loan for Higher Education Abroad: Krishna Consultants Help You
So if you aspire to study abroad in a finest university, Krishna Consultants will help you to get financial aid and ultimately make this process easier for you. We are helping students in getting admission to top universities worldwide from over 18 years. We have been assisting them for identifying best study abroad destination, selecting a best university, study abroad admissions, coaching for GRE, IELTS, GMAT, SAT, TOEFL, providing visa assistance and much more.