Options for financing education abroad
January 25th, 2012 • Education Finance
Planning to study abroad and want to take a personal loan?Studying abroad is expensive and at times the cost can be as high as six times that of the cost in India and hence planning needs to be done to ensure that sufficient funds are at disposal when needed. This is essential because to apply for the student visa, you need to show proof of funds sufficient to cover at least the first year of education.
In 2009, India ranked number 1 (103,260 students) among the international students studying in the US. If you are planning further education in the United States of America (U.S.A), mentioned below is a brief guide on what options are available for funding your education.
Education today is the key to professional success and is treated as an investment by parents who are willing to run that extra mile to give their child the best possible education.
In recent years, education has been globalised which has increased awareness of the best institutes worldwide or even the fact that under grad, grad education can be done aboard.
This has resulted in more and more Indian students going to various countries for education; be it for grad courses or post grad courses. Studying abroad is expensive and at times the cost can be as high as six times that of the cost in India and hence planning needs to be done to ensure that sufficient funds are at disposal when needed. This is essential because to apply for the student visa, you need to show proof of funds sufficient to cover at least the first year of education.
In 2009, India ranked number 1 (103,260 students) among the international students studying in the US.
If you are planning further education in the United States of America (U.S.A), mentioned below is a brief guide on what options are available for funding your education.
The first thing that comes to your mind is an Education Loan. But even before you opt for an educational loan, make sure you tap the university/college funding option.
University/College Funding Option/Financial Aid
Undergrad and Grad courses
Many universities offer financial assistance to international students primarily based on merit and rarely on need. The amount and type
