Category Archives: Education

A budget helps one monitor expenses and spend accordingly without going overboard. In this blog, we will discuss the importance of creating a budget when studying abroad and how to use an abroad education loan to help fund that budget. The importance of creating a budget when studying abroad Following is the importance of creating a budget when studying abroad: 1. Ensure your survival It might not be easy to continue your studies while living abroad. It might be stressful to manage all of your bills that your parents have always taken care of, especially if you need their assistance. Plan for the coming month and create a budget in this situation to balance your income and spending without having to look back on it afterward. 2. Avoid unnecessary expenses Living abroad will undoubtedly involve free exploring the city, tasting local food, endless shopping, late-night shows, and partying. Nevertheless, you don't keep track of your spending. In that case, you never know when these costs may increase, leaving you destitute and eagerly anticipating your next paycheck while making you regret burning a hole in your wallet. Even though you are young, you may tend to lose track of your expenditures even though you are somewhat mature. Keeping a budget enables you to partake in life's pleasures within certain bounds and assists you in drawing the line when necessary. 3. Opportunity to invest your money You are setting the path for rewards in your life when you prepare and organize your budget in advance. You shouldn't hesitate to take advantage of a chance to invest your money in a location where doing so could benefit you.  You will always be able to advance towards a better destination since budgeting promotes savings. With a well-planned budget, you will always be in the driver's seat, whether investing in a course to advance your knowledge or using what you are learning in the real world. How to use an abroad education loan to help fund that budget? Education loans are designed to pay for living expenses while the borrower pursues a degree and tuition, books, and supplies. The list of costs you can incur to fund your budget using your education loan is as follows: 1. Tuition fees One of the two main components of education loans in India for studying abroad is the tuition fees charged by foreign colleges. An education loan in India is intended to assist students in paying their tuition costs while studying abroad. In India, all student loan repayments include tuition. So, while deciding on the overall amount of your student loans, you should prioritize covering your tuition costs. 2. Living expenses The term "factors" can refer to a wide range of things. The main living costs for a student include their rent or room and board, food, and expenses for other daily necessities like transportation to and from school, a security deposit for housing, etc. Your living expenditures should be factored into the total cost of your study abroad program. 3. Health insurance International students are frequently required to obtain health insurance by many foreign colleges. This specific cost is covered by an education loan in India for studying abroad because it is one of many students who need to study overseas. Hence, while applying for an education loan, health insurance can also be taken into account. 4. Study aid This information can also be included in the education loan details if the offer letter from your university abroad states that you are responsible for paying for field excursions and other extracurricular activities during the duration of your degree. In addition, while applying for both forms of school loans in India, students can include the price of products like books, computers, and other study supplies in their overall costs. Common mistakes to avoid while taking education loans Read More How to budget while studying abroad? Following are the tips to budget while studying abroad: 1. Use your student status As soon as you can, obtain a student ID card. With the aid of this card, you may save money on dining out, shopping, movie tickets, transit, and various cultural activities. Check out the several websites that provide excellent student discounts on activities and purchases! 2. Time to get smart Although studying abroad is expensive, you may easily make it through with the right preparation. Making a priority list is the greatest approach to determining what you need and desire. Find ways to save your money and use it smartly. Also, you may lower your everyday expenses in the following ways: Sharing accommodation Get student discount cards Buy used books or digital copies Join a library Get passes for local transport Shop during sales Purchase from community stores 3. Grab your bike Why not take a trip to your college if it is close enough? This is a far healthier alternative and saves money on transportation costs.

Studying abroad provides a great opportunity for students to gain valuable experience, expand their horizons, and make lifelong connections. However, the cost of studying abroad can be a significant barrier for many students. The upside is that there are ways to make studying abroad more affordable, including education loans specifically designed for international students. Tips for students who are considering studying abroad but are worried about the cost 1. Research scholarship opportunities Many universities offer scholarships and financial aid to international students. Researching and applying for these scholarships can significantly reduce the cost of studying abroad. Additionally, there are many third-party organizations that offer scholarships to international students. 2. Consider a less expensive country The cost of living and tuition fees can vary significantly from country to country. Consider studying in a less expensive country to reduce costs. For example: studying in India or China can be significantly less expensive than studying in the United States or Europe. 3. Plan a budget It is important to plan a budget and stick to it when studying abroad. Make sure to consider all expenses, including tuition fees, accommodation, transportation, food, and other living expenses. Living frugally and budgeting carefully can help reduce the overall cost of studying abroad. 4. Start early Begin the application process early, as it may take some time to gather all the required documents and submit them. Make sure you meet all the application deadlines. 5. Be open-minded Be open to new experiences, cultures, and people. Studying abroad can be challenging, but it can also be an enriching and rewarding experience if you are willing to step out of your comfort zone. 6. Work part-time Many countries allow international students to work part-time while studying. Working part-time can provide an additional source of income and help cover living expenses. 7. Explore education loans for international students An abroad education loan is a type of student loan that covers the cost of tuition fees, living expenses, and travel expenses for students who wish to study abroad. It is a specialized loan that is designed to help students afford the high cost of studying in another country.  Many banks and financial institutions offer education loans specifically designed for international students. These loans can cover tuition fees, accommodation, and living expenses. They often have flexible repayment options and low-interest rates, making studying abroad more affordable. Here are some ways an abroad education loan can help make studying abroad more affordable: Covering tuition fees: An abroad education loan can cover the tuition fees charged by universities and colleges abroad, which can be a significant expense. Accommodation expenses: The cost of accommodation can be quite high in some countries. An abroad education loan can help in covering the expenses related to housing and other living expenses. Travel expenses: Travel expenses can also add up to the cost of studying abroad. An abroad education loan can help in covering the cost of airfare, visa fees, and other related expenses. Flexible repayment terms: Most education loans for studying abroad come with flexible repayment terms. This means that students can repay the loan after they graduate and start working. This can give students time to establish themselves in their careers before having to worry about repaying their loans. Low-interest rates: Education loans for studying abroad typically come with low-interest rates. This makes them more affordable than other types of loans, like personal loans or credit card debt. No collateral required: Most education loans for studying abroad do not require collateral. This means that students do not have to put up any assets as security for the loan. This can be a great relief for families who do not have significant assets to offer as collateral. Access to global education: Studying abroad can provide students with access to world-class education and research facilities. It can also provide students with exposure to different teaching methods and perspectives that can enhance their learning experience. Conclusion  In conclusion, studying abroad can be an excellent opportunity for students to gain valuable experience and expand their horizons. While the cost of studying abroad can be a significant barrier, there are ways to make it more affordable. Researching scholarship opportunities, planning a budget, considering less expensive countries, and exploring education loans for international students can help make studying abroad a reality. By taking advantage of these resources, students can open up new opportunities and experiences that will benefit them for the rest of their lives. There are always ways to get financial aid in various forms. As for any confusion regarding this or any other financial concerns, we have a team of efficient financial advisors just a call away.

The process of transferring an abroad education loan from one school or program to another and when it might be necessary to do so. You must thoroughly examine a loan provider's terms and conditions for loans for international education before choosing them. But what if you wind up taking out an education loan from a lender with extremely high interest rates, whose loan repayment terms are inconvenient for you, or if you wish to switch schools or programs? If you find yourself in such a circumstance, there is a solution that you may learn about by reading this article. Can I transfer my education loan from one bank to another Moving high-interest debt from one lender to another with a much lower interest rate and better repayment terms is an education loan transfer. Lenders, in this case, include banks and NBFCs. Banks like SBI, Union Bank, and Bank of Baroda offer takeover loan programs to transfer student loans. You may effortlessly switch your expensive education loan to SBI through the takeover loan program to lower monthly EMIs. The highest loan limit for this is INR 1.5 crores, with no processing cost. 3 Steps on how Education Loan works? Read More Eligibility Criteria for Education Loan Transfer Only if the loan applicant meets the following requirements may they apply for an education loan transfer: There should be no more loan disbursements from the existing lender for the applicant. It indicates that no more money may be borrowed from that lender because the disbursements have already been made. The borrower's CIBIL score and the repayment of the previous loan must have begun in the form of EMIs. Go here to learn more about the CIBIL score. The financing has to be a new takeover. Applying for Education Loans Read More Process of Education Loan Transfer Your former lender will offer you a statement regarding the outstanding loan amount that has to be repaid after you decide to transfer your loan. The bank offering the student loan refinancing must then get the presented statement. After receipt of this statement, the loan application procedure will start as usual. When the loan has been approved, the new bank will send a check to pay off any outstanding debts owed to the previous lender. Because the risk component connected with the new bank is relatively minimal, takeover loans always have lower interest rates than new loans. https://www.youtube.com/shorts/Icp7ASAGrjw Other Terms and Conditions for Education Loan Transfer The new bank will take over the current collateral if you move an education loan with collateral. In contrast, if you want to move a non-collateral loan to a public bank that typically provides loans based on collateral, you will need to provide the specific public bank with valuable collateral. The collateral will secure no loan margin and a 100% loan amount. Because of the lower interest rates and better repayment options, moving student loans from one bank to another is usually advantageous. Nonetheless, to prevent any losses, think about researching previous patterns in loan transfers before making the decision. https://www.youtube.com/watch?v=9EAyvncisU4 Can we transfer education loans from one university to another? Certainly, but you must inform the bank about the change and provide the necessary paperwork. You could now wonder, "If I switch universities, would I have to refund any loan amounts?". The short answer is no. You won't be required to repay any loan sums if you switch universities. But, to take advantage of the most current modifications, you must speak with the bank. You must also present the necessary paperwork, including a letter of acceptance from the new school, proof of any scholarships you may have earned, and other records specified by the bank. How long will it take for the bank to approve my request to switch universities? Depending on the bank's internal procedures and the intricacy of your request, the time it takes to accept your request to move universities may change. It is advised that you contact your bank as soon as possible to establish a rough schedule. Which bank is best for education loans abroad  Finding the best bank for school loan programs might take a lot of work because so many banks provide these loans. Following are the best banks and education loans to study abroad: The State Bank of India: SBI Global Ed-Vantage Scheme The Bank of Baroda: Baroda Scholar Scheme The Punjab National Bank: PNB Udaan Scheme Canara Bank: IBA Model Loan Product For Higher Studies Abroad There is no such thing as a sure thing, and during your time studying abroad, you can decide that you want to switch colleges or countries after your loan has been approved and occasionally disbursed. You won't need to worry about the changes afterward.

The United States is an attractive destination for those looking to pursue an MBBS, with its highly regarded medical facilities and top-notch professionals who can provide students with endless career opportunities.  In addition, studying in the USA offers access to state-of-the-art medical technology and updated educational resources. Medical universities in the USA also have strong ties to renowned hospitals, further enhancing students' learning experiences.  The cost of pursuing an MBBS in the USA from top institutions ranges from 18,000 USD to 86,000 USD annually. For Indian students, the average cost of MBBS fees in the USA falls between 18 and 52 Lakhs. It is recommended that students apply between April and June to take advantage of this program.  This article provides comprehensive research on the fees and other expenses associated with pursuing an MBBS in the USA. Factors affecting the total expense of MBBS study in the USA  When considering the expenses of studying MBBS in the USA, one must take into account the cost of tuition fees and living expenses. The overall cost can seem quite significant, as the cost of living in the USA is generally high and can vary depending on the location. These expenses can be divided into three main categories: tuition fees, living expenses, and pre-arrival and post-arrival costs.  However, it is also important to consider the pre-arrival costs associated with studying MBBS in the USA. These expenses include various costs that must be incurred before arriving in the country.  Pre-arrival fees for MBBS programs in the USA  Before traveling to the USA to study MBBS, there are certain pre-arrival costs that must be taken into consideration. These expenses include:  Entrance Exam: Most medical schools in the USA require applicants to take the MCAT (Medical College Admission Test) as a prerequisite for admission. The cost of taking the MCAT can range from $320 to $410 depending on the location and date of the exam.   Flight Tickets: The cost of flight tickets to the USA varies depending on the airline, season, and location of departure. It is advisable to book tickets well in advance to get the best deals.  Medical Checkup: International students are required to undergo a medical checkup before entering the USA. The cost of this checkup varies depending on the country of origin and the medical facility.  Student Visa Fees: International students are required to obtain a student visa to study in the USA. The application fee for a student visa is $160, and it may take several weeks for the visa to be processed.  Medical Insurance: Most universities in the USA require international students to have medical insurance. The cost of medical insurance can vary depending on the coverage provided.  It is important to keep in mind that these pre-arrival costs are in addition to the tuition fees and living expenses associated with studying MBBS in the USA.  Post-arrival fees for MBBS studies in the USA  The cost of studying MBBS in the USA can be divided into two main categories: tuition fees and cost of living.  Tuition Fees: The tuition fees for an MBBS course in the USA can range from 18,000 USD to 86,000 USD per year. For Indian students, the fees can range from INR 17 Lakhs to 55 Lakhs per year. The fees vary depending on the medical school and program selected.  Cost of Living: The cost of living in the USA can range from 1,200 USD to 2,500 USD per month. This cost includes accommodation fees, room and board, food, travel, study materials, and other expenses. The living expenses can vary depending on the location and lifestyle of the student.  In addition to the tuition fees and living expenses, international students must also consider pre-arrival and post-arrival costs, such as entrance exams, flight tickets, medical checkups, student visa fees, and medical insurance.  It is important to note that the cost of studying MBBS in the USA can be quite high. However, there are various scholarships and financial aid options available for international students to help offset these expenses.  Cost of MBBS Education in the USA  When it comes to studying MBBS in the USA, tuition fees play a significant role in determining the cost. The MBBS course fees in the USA can range between 18,000 USD to 86,000 USD per year, depending on the university and its location. Here is a list of some top medical institutions along with their annual average fees in USD and INR.  Harvard University charges 66,000 USD or 51.64 Lakhs INR per year  Stanford University charges 55,300 USD or 42.91 Lakhs INR per year  Johns Hopkins University and the University of California, Los Angeles (UCLA) charge almost similar fees, which are 55,680 USD or 43.15 Lakhs INR and 49,400 USD or 38.29 Lakhs INR, respectively.   Yale University charges 59,000 USD or 45.79 Lakhs INR per year  The University of California, San Francisco (UCSF) charges 49,400 USD or 38.29 Lakhs INR per year.   Columbia University charges the highest fees among these institutions, which is 63,9000 USD or 49.55 Lakhs INR per year.  The University of Pennsylvania, Duke University, and the University of California, San Diego also charge substantial fees, ranging from 47,700 USD or 36.97 Lakhs INR to 62,100 USD or 48.12 Lakhs INR per year.  Cost of living in the USA for Indian Students  The cost of living for an international student pursuing an MBBS in the USA includes various expenses, such as accommodation fees, food, electricity, stationary, transportation, and miscellaneous expenses. The monthly cost of accommodation ranges from 1,000 USD to 2,500 USD, depending on the type and location of the accommodation. On average, students spend around 1,475 USD per month on accommodation.  The cost of food can range from 300 USD to 1,000 USD per month, with an average cost of 500 USD per month. Electricity bills usually cost around 75 USD per month. Stationary expenses, including books, materials, and supplies, can range from 100 USD to 500 USD per semester or quarter, with an average cost of 250 USD per month.   Transportation costs also vary depending on the location and mode of transportation, with an average cost of 150 USD per month. Miscellaneous expenses, such as health insurance, personal care items, and leisure activities, can range from 100 USD to 500 USD per month, with an average cost of 200 USD per month.  Studying MBBS in the USA is a significant investment for international students. The cost of studying MBBS in the USA involves both pre-arrival and post-arrival expenses, including entrance exam fees, flight tickets, medical checkups, visa fees, medical insurance, tuition fees, and cost of living expenses.   The tuition fees for MBBS in the USA vary depending on the institution and location, ranging from 18,000 USD to 86,000 USD per year. The living expenses, which include accommodation, food, transportation, and other miscellaneous costs, can range from 1,200 USD to 2,500 USD per month.   Therefore, it is essential for students to plan their finances and research thoroughly before making a decision to study MBBS in the USA. Despite the high costs, studying MBBS in the USA offers excellent opportunities for students to gain a world-class education, access to advanced medical facilities, and exposure to diverse cultures and experiences. 

Canada has become a popular destination for international students who are looking for quality education at an affordable price. With a reputation for being a welcoming and safe country, Canada offers a range of universities that cater to students from around the world.   The best and most cheap education may be found in Canada, one of the top locations for international students. Canada is one of the most affordable countries that offers top-notch education, with tuition fees ranging from 12,000 to 30,000 CDN annually.  Hence, we can assure you that you're in the proper place if you're seeking cheap and economical institutions in Canada. Continue reading to learn about some of the most affordable institutions in Canada, as well as some of the most well-known Canadian cities, such as Toronto, Quebec, Vancouver, etc. 11 universities in Canada for international students 1. Brandon University  Located in Manitoba, Brandon University offers low tuition fees for international students. The university has a reputation for small class sizes and personalized attention from professors. The tuition fee for international students is approximately $12,000 CAD per year.  https://www.youtube.com/watch?v=x9B8449Iuw4 2. Memorial University of Newfoundland  The Memorial University of Newfoundland is located in St. John's and offers a range of programs at affordable prices for international students. The tuition fee for international students is approximately $11,000 CAD per year.  3. University of Manitoba  Located in Winnipeg, the University of Manitoba is one of Canada's largest universities and offers affordable tuition fees for international students. The tuition fee for international students is approximately $16,000 CAD per year.  Affordable Universities in the UK Read More 4. University of Prince Edward Island  The University of Prince Edward Island is located in Charlottetown and offers affordable tuition fees for international students. The tuition fee for international students is approximately $12,000 CAD per year.  https://www.youtube.com/watch?v=nyV0rwJu-7c 5. Athabasca University  Athabasca University is a distance education university that offers affordable tuition fees for international students. The tuition fee for international students is approximately $9,000 CAD per year.  https://www.youtube.com/watch?v=k8c_dfmXMkA 6. University of Saskatchewan  Located in Saskatoon, the University of Saskatchewan offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  https://www.youtube.com/watch?v=MwclWJ8Q2ZE 7. University of Regina  The University of Regina is located in Saskatchewan and offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  https://www.youtube.com/watch?v=2d3XNHbB8II 8. University of Northern British Columbia  The University of Northern British Columbia is located in Prince George's and offers affordable tuition fees for international students. The tuition fee for international students is approximately $20,000 CAD per year.  9. University of the Fraser Valley  Located in Abbotsford, the University of the Fraser Valley offers affordable tuition fees for international students. The tuition fee for international students is approximately $16,000 CAD per year.  10. Vancouver Island University  Vancouver Island University is located in Nanaimo and offers affordable tuition fees for international students. The tuition fee for international students is approximately $17,000 CAD per year. 11. The University of Toronto (Free University)  The University of Toronto offers a program called the School of Continuing Studies, which offers free courses online. These courses are available to anyone, anywhere in the world, and are a great way to explore a new subject or learn a new skill.  Check out our College Cost Calculator to know the future cost of studying!   In conclusion, there are numerous affordable universities in Canada from which to choose. Foreign students typically choose institutions with affordable tuition and academic programs that have won awards. Also, the majority of Canada's affordable universities have strong placement and ROI rates for international students.  FAQ Can I study in Canada for 10 lakhs?  Schooling in Canada could indeed cost anywhere between rs 10 lakh to 40 lakhs INR for a foreign student. In Canada, the annual tuition for undergraduate programs ranges from 5 lakhs to 10 lakhs INR. In Canada, the cost of living for students can range from 1.4 lakhs to 5 lakhs per year (based on the choice of accommodation).  Is Canada cheap to study in?  Canada has considerably lower tuition fees when compared to other affluent nations like the US and the UK. An overseas undergraduate student should budget, on average, 30 lakhs for one academic year, according to Statistics Canada. Can a poor student study in Canada?  If you want to study for free in Canada, you can pick a school with affordable tuition or get a part-time job. Another means of reducing your expenses is to apply for scholarships. International students are eligible to apply for a range of scholarships offered by different organizations and institutions.  Is Canada cheap to study for Indian students?   It is undoubtedly more expensive to study in Canada than in India. Nonetheless, studying in Canada is far less expensive than in other top nations like the US and the UK. 

One of the most popular places in the world to study abroad in New Zealand. This amazing country has something else to give right now. For overseas students looking to pursue graduate and higher education or who wish to study in New Zealand in a variety of fields at a less expensive and accessible cost, it has the potential and capability to provide high-quality education that is also affordable.   New Zealand is renowned for having a top-notch educational system and degrees, certifications, and diplomas that are accepted around the world. The most affordable New Zealand universities for overseas students are in this blog.  1. University of Otago  The University of Otago in New Zealand, established in 1869, is ranked 217 in the QS World University Rankings of 2023 and is well-known for offering affordable programs in various fields of study. It has a student population of around 21,000, including 3,000 to 5,000 international students. The university is divided into four academic divisions with faculties, schools, colleges, and departments. Humanities and Business programs tend to be less expensive than Science and Health Sciences programs.  Course duration and first-year tuition fees of some popular courses at the University of Otago are as follows:  MBBS (6 years): INR 16.8L  MBA (15-24 months): INR 31.3L  MS (12-24 months): INR 15.3L-19.2L  BE/BTech (3 years): INR 15L  MIM (1 year): INR 21L  BSc (3 years): INR 12.2L-15L.  2. Victoria University of Wellington  The Victoria University of Wellington, established in 1897, is a renowned university in New Zealand and is ranked 275 in the QS World University Ranking of 2023. The university has over 20,000 students from around the world and three campuses in Wellington, New Zealand. It is well-known for its comprehensive graduate and postgraduate programs in various fields of study and its affordable tuition fees. The university also offers New Zealand Excellence Awards.  The course duration and first-year tuition fees of some popular courses at the Victoria University of Wellington are as follows:  Executive MBA (18 months): INR 21L  MIM (1-2 years): INR 13.3L-19.9L  MS (12-24 months): INR 11.8L-26.6L  BE/BTech (3-4 years): INR 13.7L-15.3L  BSc (3 years): INR 13.7L  MEng (1 year): INR 16.6L  March (2 years): INR 16.6L Cost of the university for parents Read More 3. University of Waikato  The University of Waikato, established in the early 1960s, is another popular university for its quality and affordable education. The alma mater of the Prime Minister of New Zealand, it secured a rank of 331 in the QS World University Ranking 2023. The campus currently has over 10,000 students from different countries around the world. The university offers a wide range of programs in various fields of study including arts, social sciences, science, mathematics, education, health, business, language, mass communication, engineering, and management. It also provides international scholarships, such as the University of Waikato International Scholarships for Indian students.  Courses Duration 1st Year Tuition Fees  MBA 18 Months INR 19.1L  BE/BTech 4 Years INR 14.2L – 17L  MS 12 – 24 Months INR 14.4L – 16.2L  MIM 1 Year INR 13.9L – 21.3L  BBA 3 – 4 Years INR 13.6L – 14.2L  BSc 3 Years INR 13.6L – 14.2L  MEng 1 Year INR 17.6L https://www.youtube.com/shorts/BSAN2pff3Y8 4. Massey University  Massey University is one of the most affordable universities in New Zealand, making it to our list of cheapest universities. It was founded in 1927 and is publicly funded, offering scholarships to international students in a variety of courses. The university is in Palmerston North, New Zealand, with two additional campuses in Albany and Wellington. Massey University is known for its integrated programs, which are renowned in fields such as engineering, social sciences, medicine, management, and business.  Courses Duration 1st Year Tuition Fees  MBA 12 Months INR 25.3L  MIM 1 – 1.5 Years INR 14.2L  MS 12 – 24 Months INR 16.3L – 18.6L  BBA 3 Years INR 13.6L  MEng 1 Year INR 15.6L – 17.5L  BE/BTech 3 – 4 Years INR 13.6L – 16.6L  BSc 3 Years INR 14.8L  5. University of Canterbury  The University of Canterbury, located in Christchurch, has earned a spot in our list of the cheapest universities in New Zealand, with a ranking of 284 in the QS World University Rankings of 2023. This public university has been welcoming international students for decades and is known for its affordable education. Established in 1873, the university offers a range of courses in various fields such as medicine, engineering, natural sciences, business administration, and humanities at a reasonable price. International students can benefit from numerous scholarships provided by the University of Canterbury for both undergraduate and graduate programs. Moreover, the university offers several engineering scholarships, which are among the best scholarships available in New Zealand.  Courses Duration 1st Year Tuition Fees  MBA 16 Months INR 26L  MEng 1 – 1.3 Years INR 20.4L  MS 12 – 24 Months INR 17.8L – 20.4L  BE/BTech 3 Years INR 14.2L – 17L  BSc 3 Years INR 16.3L  6. Lincoln University  Next on our list of affordable universities in New Zealand is Lincoln University, established in 1878. Despite its smaller size, the university has a diverse student population of around 3,000 to 3,500 students, with almost 43% of the students coming from other countries. Lincoln University is ranked 368 in the QS World University Rankings of 2023 and offers a range of graduate and postgraduate courses at affordable fees to international students.  Here are the first-year tuition fees and duration for some of the courses offered by Lincoln University:  Courses Duration 1st Year Tuition Fees  MBA 12 Months - Global Management & Marketing: INR 22.9L  Accounting & Finance: INR 20.9L  MS 24 Months INR 13.2L – 15.5L  MIM 1 Year INR 18.5L  BSc 3 Years INR 14L – 14.4L  BHM 3 Years INR 13.2L  M.Arch 1 Year INR 18.5L  Conclusion New Zealand is quickly growing in popularity among international students looking for a good education at a reasonable price. Several institutions in the nation provide a variety of programs at tuition rates that are comparably lower than those in other nations, making it a desirable option for students on a tight budget.   The universities on our list, including the University of Otago, University of Waikato, Massey University, University of Canterbury, and Lincoln University, have made a name for themselves in the field of higher learning by providing a wide range of programs in various academic specialties. Furthermore, many universities offer financial aid and scholarships to foreign students, facilitating their pursuit of higher education ambitions. Overall, attending one of New Zealand's more affordable institutions can be beneficial for both academic and financial reasons. 

Obtaining an international education has become increasingly popular among students in recent years, and many individuals aspire to travel abroad to pursue their educational and professional goals. While the prospect of studying or working in a foreign country is certainly exciting, the financial burden of living and studying abroad can be overwhelming. This is where education loans help. An education loan is a financial aid option that is designed to help students fund their educational expenses, including tuition fees, accommodation, and living costs. However, education loans can also be used to finance other educational opportunities, such as internships or work placements abroad. Scholarships for internships abroad are another way to sponsor it. An unpaid internship or work placement abroad can be a great opportunity for students to gain valuable experience in their chosen field, develop their skills, and improve their employability. Not only does it provide invaluable experience in a professional environment, but it also allows for personal growth and development. But you have to make sure to find the best internship programs abroad. Working in a foreign country provides invaluable international experience. It exposes you to different cultures, customs, and ways of working. Exploring an unpaid internship or work placement abroad can also enhance your resume and make you more competitive in the job market. Living and working in a foreign country can be challenging but also highly rewarding. It will test your adaptability and resilience, improve your communication skills, and build your confidence. You will learn to navigate unfamiliar environments and situations and gain a new perspective on life. However, many students may not have the financial means to support themselves during the placement. In such situations, an education loan can be a viable solution. There are several advantages to using an education loan to fund an unpaid internship or work placement abroad. Firstly, it allows students to take advantage of valuable educational opportunities that they may not have been able to afford otherwise. Secondly, it can help students build a credit history and establish financial independence. Finally, it can provide students with the flexibility they need to focus on their studies and gain valuable work experience without the stress of financial worries. https://www.youtube.com/shorts/p2Bj4VgVHgQ Here are some important things to keep in mind when using an education loan to finance an unpaid internship or work placement abroad: 1. Research education loan providers: Before applying for an education loan, it's important to research different loan providers and compare their terms and conditions. Look for a loan provider that offers flexible repayment options, competitive interest rates, and a loan amount that covers all your expenses. 2. Check eligibility criteria: Each loan provider has its own eligibility criteria, so make sure you meet the requirements before applying for a loan. Typically, you need to be a citizen or permanent resident of the country where you're applying for a loan, have a good credit score, and provide proof of enrollment or acceptance at an accredited institution. 3. Estimate your expenses: Before applying for a loan, estimate your expenses for the duration of your internship or work placement, including travel, accommodation, living expenses, and any additional costs. This will help you understand how much you need to borrow and ensure that you don't borrow more than you need. 4. Understand the repayment terms: It's important to understand the repayment terms of the loan before accepting it. Some loans require you to start repaying the loan immediately after disbursement, while others offer a grace period before repayment begins. Make sure you understand the interest rate, the repayment schedule, and any penalties for early repayment or late payments. 5. Use the loan responsibly: Remember that an education loan is a financial responsibility, and you'll need to repay the loan with interest. Use the loan only for necessary expenses related to your internship or work placement abroad, and avoid using it for unnecessary expenses or luxuries. Conclusion  Undertaking an unpaid internship or work placement abroad can be a life-changing experience. It provides valuable professional experience, personal growth, and cultural immersion. It is an investment in your future, and the benefits will last a lifetime. And using an education loan to fund an unpaid internship or work placement abroad can be a smart investment in your future career. By researching loan providers, understanding eligibility criteria and repayment terms, estimating your expenses, and using the loan responsibly, you can make the most of this opportunity to gain valuable international experience and enhance your career prospects. It is also important to remember that education loans are not free money, and students will need to repay the loan with interest. Therefore, it is important to carefully consider the costs and benefits of taking out an education loan before making a decision. In case you need any advice or information about the best intern abroad programs or any other financial concerns, our financial advisors are always available at your service. TALK TO AN EXPERT

Germany is renowned for having a top-notch educational system and prestigious universities. Germany draws international students from all over the world because of its competitive academic programs, low tuition costs, and rich cultural diversity. Here are a few affordable universities in Germany for international students.  What is the price of education in Germany?  Tuition fees, living costs, and administrative fees are all included in the price of studying in Germany. Students attending public universities pay an administration fee of between €150 and €250 per semester instead of paying tuition. Undergraduate programs at private universities must cost at least €20,000 a year, while graduate programs must cost at least €30,000 annually. The required Blocked Account, which is a monthly payment supplied for the student to facilitate their living expenses and for completing their studies, has lowered the Cost of Living in Germany for international students. This sum has been fixed at €10,236 for the duration of the school year, or around €853 per month.  Cheapest Colleges in Germany for International Students  Most universities in Germany offer top-notch instruction without needing to raise tuition costs as much as other colleges.  Here are a few institutions that offer inexpensive tuition rates to foreign students in Germany. Let's examine the inexpensive German colleges for international students, their tuition rates, the best programs they provide, etc.  1. Humboldt University of Berlin  The Humboldt University in Berlin is an economical option for earning a master's degree, offering great education across a range of subjects, covering sciences, arts, and humanities. The university boasts a large and diversified student body of over 30,000, including a sizable number of overseas students. With more than 50 Nobel laureates among its alumni, it is one of Berlin's oldest higher education institutions and was founded in 1810. The M.S. in Business Administration, the Ph.D. in Economics and Management Science, the B.S. in Psychology, the B.A. in Information Management and Information Technology, and the B.S. The typical semester tuition fee is €315.64.  2. University of Bremen  Institutional techniques are used to describe the University of Bremen, a public research university that was founded in 1917. Electrical engineering, mathematics, computer science, biology and chemistry, production engineering, law, health science, and cultural studies are just a few of the courses it offers through its 12 faculties. The university's professors are well-known and skilled experts in their specialties. The university offers several well-liked courses, including a B.Sc. in Systems Engineering, a B.Sc. in Electrical Engineering and Information Technology (in German), an M.Sc. in Space Engineering, and an M.Sc. in Control Microsystems and Microelectronics. Importantly, there are no tuition costs at the university.  3. University of Cologne  One of Germany's largest public colleges, the University of Cologne is known for its Faculty of Economics, Business, Social Sciences, and Medicine. It is located in Cologne city. The university is divided into six faculties, including law, human science, management, economics, social science, medical, arts and humanities, mathematics, and natural science. It offers more than 200 academic programs. There are 658 professors in the university, and there are about 15 research centers. Bachelor of Science in Neuroscience, Bachelor of Science in Physics, Master of Arts (MA) in Intermedia - Media Education, Media Design, Media Culture, and Master of Arts (MA) in Digital and Computational Archaeology are among the popular courses the university offers. Importantly, there are no tuition costs at the university.  4. Heidelberg University  One of the oldest and most reasonably priced universities in Germany is Heidelberg University, commonly known as Ruprecht Karls Universität Heidelberg. The university has made a name for itself as a pioneer in disciplines like engineering, medicine, biology, and classical and ancient history. It is particularly well-known for fostering foreign doctoral candidates and for providing chances for research collaboration with important organizations like the German Cancer Research Institute. The institution offers a few well-liked programs, including a Bachelor of Science in Applied Computer Science, a master's in data and Computer Science, a Bachelor of Science in Biochemistry, a BSc in Medical Informatics (in German), and an MSc in Computer Engineering. The typical semester's tuition fees come to around €1500.  5. Ludwig Maximilians University  One of the best universities in Europe, Ludwig Maximilians University was founded in 1472 and is situated in the center of Munich. The university has a history of drawing eminent academics and outstanding students from all around the world for more than five centuries. It has grown to be one of the largest universities in terms of enrollment by concentrating on offering research opportunities and instruction to international students. The university offers a number of highly regarded programs, including a Bachelor of Science in Business Administration, a Bachelor of Science in Economics, a Master of Arts in Logic and Philosophy of Science, and an MS in Statistics and Data Science. Importantly, there are no tuition costs at the university.  6. University of Gottingen   The University of Gottingen was established in 1737 and focuses on research-based instruction. Both domestic and foreign students are enrolled in its faculties. The institution provides a variety of degree programs in the social and scientific sciences, law, medicine, theology, economics, computer science, and humanities. The Bachelor of Science in Agricultural Science, Bachelor of Business Administration, Master of Education in Biology, and Master of Business Administration in Agribusiness are all well-liked courses. The typical annual tuition rate for the university is €3900 each semester.  NOTE: It is recommended that students visit the official websites of these universities to gather further information about the diverse range of courses offered. The courses highlighted above are just a few of the popular programs available to international students at these affordable German universities. Hence, students can look forward to receiving quality education from these institutions, which are highly ranked for their undergraduate, postgraduate, and doctoral programs. 

London is a highly sought-after destination for international students seeking to study abroad. However, obtaining a degree from a UK university can be quite expensive, with tuition fees averaging around 25 lakhs INR per year.   Fortunately, for those who are looking for more affordable options, London has several universities that offer a variety of courses with tuition fees starting from as low as 11 lakhs INR. Affordable universities in London for international students 1. University of London  The University of London is widely regarded as an affordable university in London, offering a wide range of online programs through the world's largest online learning platform. The university also provides over 250 full-time or part-time study opportunities for students who prefer to study outside of London. As a public university, it welcomes international students to study in any of its 17 member institutions.  The tuition fees at the University of London range from 10.59 lakhs INR to 12.30 lakhs INR. To be eligible for admission, prospective students must have an overall average score of 70%, as well as submit a letter of recommendation, and a statement of purpose, and achieve an IELTS score of 6.0 or a TOEFL-iBT score of 87. 2. London Metropolitan University  London Metropolitan University, also known as London MET, is a publicly owned research university that was formed by the merger of the University of North London and London Guildhall University. The university has a strong association with the International Association of Aviation Personnel Schools and attracts over 70% of its students from 155 different countries. As one of the most affordable universities in London, it offers admission for both the September and January intakes. The average tuition fee at London Metropolitan University is around 11.02 lakhs INR.  To be eligible for admission, prospective students are required to have an academic GPA of 2.7/4 (equivalent to 82%), as well as submit a letter of recommendation, a statement of purpose, and achieve an IELTS score of 6.0 or a TOEFL-iBT score of 72 3. GSM London  GSM London is a university affiliated with Plymouth University and is renowned as an affordable option for higher education in London. The institution specializes in providing business programs that prepare students for a career in various industries. GSM London also offers scholarships that cover 50% of the tuition fees, making it an even more accessible option for students seeking an affordable education.  The tuition fee at GSM London is around 8.82 lakhs INR. To be eligible for admission, prospective students are required to submit their transcripts, a letter of recommendation, and a statement of purpose, and achieve a satisfactory IELTS score.  4. University of West London  The University of West London is one of the most affordable universities in London and is ranked in the top 10 for teaching quality. The university has 9 academic schools that offer approximately 13 undergraduate courses, 72 postgraduate courses, and 25 research courses. International students can apply for UWL scholarships, which can grant up to 5,000 GBP (4.41 lakhs INR) to help with the cost of tuition.  The average tuition fee at the University of West London is around 13.5 lakhs INR. Prospective students are required to have an academic score above 70%, achieve an IELTS score of 6.5, and submit two letters of recommendation, and a statement of purpose. For those applying to the MBA program, work experience is also required.  How much does it cost to study Law in the UK? Read more 5. Coventry University  Coventry University is a highly regarded modern university in the Midlands region and is one of the most affordable universities in London. The university has a diverse student population of approximately 30,000 students, with over 14,000 international students representing over 160 countries worldwide. After graduation, Coventry University boasts a 97% employment rate, with graduates working in well-known companies such as Ikea, BBC, Sainsbury's, Tata Technologies, and FordHeat Magazine, to name a few.  The average tuition fee at Coventry University is around 11.29 lakhs INR. To be eligible for admission, prospective students are required to have a minimum score of 55% - 65%, depending on the program, and achieve satisfactory scores on an English proficiency test such as IELTS or TOEFL. Additionally, students must submit a statement of purpose to study in the UK.  6. Ulster University  Ulster University is a well-respected institution with a campus in London and seven schools and research institutes. The university is known for its excellence in arts and athletics and has a diverse student population, with 12% of the student body made up of international students from around the world.  The average tuition fee at Ulster University is around 8.82 lakhs INR. Prospective students must meet the minimum academic requirements of a UK second-class honors degree or equivalent, with a minimum academic score of 60%. Additionally, they are required to achieve a satisfactory score on an English proficiency test such as IELTS, provide letters of recommendation, and submit a resume.  7. Middlesex University  Middlesex University is a reputable institution in London, consisting of six schools, and is known for being one of the most affordable universities in the city. The university has three additional campuses located in Dubai, Mauritius, and Malta. The London campus is ranked in the top 10 universities in the UK for student diversity, with one-third of the total student population comprised of international students representing 145 different nationalities.  The average tuition fee at Middlesex University is around 12.97 lakhs INR. Prospective students are required to have a minimum GPA of 3.0/4 (85%) and achieve a satisfactory score on an English proficiency test such as IELTS (score of 6.5). Additionally, students must submit a statement of purpose and work experience.  8. University of Westminster  The University of Westminster is a public research university and is considered one of the most affordable universities in London. It was established as the Royal Polytechnic Institution, the first polytechnic in the UK. The university has four campuses in London and offers programs across 24 study areas.  Tuition Fees: On average, the tuition fee for undergraduate courses is around 13.06 lakhs INR, and for postgraduate courses, it is around 14.41 lakhs INR.  Admission Requirements: The academic requirements vary depending on the course and level of study. Generally, students need a good academic score, English language proficiency scores, a statement of purpose, and letters of recommendation.  In conclusion, London is a hub for international students seeking quality higher education. While some universities may have high tuition fees, there are also many affordable options available for students looking to study in London.   The universities we discussed, such as the University of London, London Metropolitan University, GSM London, University of West London, Coventry University, Ulster University, and Middlesex University, offer a range of programs and opportunities for students from all over the world.   These universities also have diverse student bodies and a focus on providing quality education. With proper research and planning, students can find the right university in London that fits their academic and financial needs.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

In our previous article, we highlighted the misconception that the “best” college equates with the “best fit” college. In this article, we discuss the parameters to consider when making your college list. With many organizations lauding their ranking tables, it is easy to get enamored by the guise of what is generalized as best. But selecting the “best fit” college goes beyond these generalizations - it requires an understanding of the university’s entire identity and comparing how a student’s identity matches it. In many ways, think of it as a partnership. Students need to ask, “Does that university have all the traits that I am  looking for?” “Does it offer me a wide array of stimulating classes?” “What do I as a partner bring to the table?”  As a student, it is important for you to research what is your “fit”. In other words, what are the aspects you value that a particular institution may or may not offer?  Let’s deconstruct academics first. The depth and breadth of a school’s course requirements can vary widely. Some institutions require you to pre-select a major prior to joining. At all UK universities, you have to pre-decide your major. You are required to apply to a specific course and you cannot change that in the future. Most courses in UK universities have a fixed curriculum over the three-to-four-year undergraduate program. If you’re someone who wants to be adventurous with course selection, the UK may not be the best fit for you.  Conversely, US universities offer varying degrees of flexibility in their courses. For example, Brown University and Columbia University are both a part of the ivy league, but for undergraduate students, their prerequisites are different. Columbia University has a very strict core curriculum, which is geared towards humanities, that all students have to take, irrespective of their major. On the other hand, Brown University challenges students to develop their own curriculum while completing their concentration requirements. As a student, you need to understand how much flexibility you want and whether the curriculum is aligned with your interests.   Another critical aspect of academics is teaching methodology. Universities such as Oxbridge (the University of Oxford and the University of Cambridge)  thrive on their tutorial and supervision style of teaching. As an Oxbridge student, besides attending lectures and classes, you have one-on-one meetings on a weekly basis with your tutor. You have a week to complete a pre-assigned problem set or write an essay on a particular topic. You hand this in a day before your weekly tutorial and then discuss your answers, oftentimes debating the topic in that meeting. Your tutor will probe you and this is how significant learning happens. This is the USP of an Oxbridge education. If you are someone that prefers attending large lectures and doing class reading and research on your own, then this would certainly not be the right place for you.   There’s also a life outside of academics that a student should consider. The ecosystem of a university extends to internship opportunities, extracurricular activities, and community involvement. If you’re an international student, you may be looking to be a part of a demographic community. The presence of such a community could be a strong reason for a student to apply to that particular school. University of California, Los Angeles, has an 11 percent international student intake for the freshman class, while 20 percent of Carnegie Mellon University’s first-year students are international.  Inclusion may be a big factor for some, however, access to internship opportunities may be a big priority to others. Universities such as  New York University have a strong career center and work to place students in internship roles as early as their second semester. Colleges in Canada have internships integrated into their courses through their co-op semesters. Usually, co-op programs have alternate work and study terms. For the work term, a student gets placed in an organization for a period of four months to gain real-world experience and they can also get paid for these months. Having access to such centers and leveraging work opportunities can shape a student’s decision of what really fits their goals.  Just as any partnership is a two-way street, so, too, is university selection. During the admissions process, colleges also want to understand why you are the “best fit” for them. Gone are the days when transcripts and test scores were the only determinants of whether a student should be given admission. Today, universities emphasize a more holistic approach while reviewing their next cohort of students. As future torchbearers, they will look at you as a totality of all your experiences. Your interests, how you see the world, and why you see it the way you do is an exceptionally important component of the admissions rubric. Essays, for example, help universities understand how you convey all of these points through your authentic voice and are therefore given (sizeable) weightage during the evaluation process.  The selection process is not only about how well a student did in the past, but how well they will be able to manage the rigor of college academics going forward. Universities also want to ensure that you will take advantage of the opportunities available within and outside of the classroom. Remember, these institutions invest a lot in premier faculty as well as resources for their community. Are you someone who will be proactive enough to leverage these resources toward your development? Equally important, are you someone who will bring a distinct perspective to share with your peers and the campus community?  Finding your fit is not just qualitative but quantitative as well. With the cost of a university education increasing substantially every year, it is necessary for you and your family to understand what funding looks like from a personal context. In the United States, for example, college prices have gone up 4.4% in just ten years. To put this into context, for the 2010-2011 academic year, the University of Chicago charged $40,188 in tuition (excluding room and board) whereas for the 2020-2021 school year, they charged $57,642. Such significant costs can have a bearing on selecting a school. Therefore, understanding your “fit” in the context of financing means introspection on the following questions. First, can my family and I afford the full price tag of this university? Second, do I require scholarships or aid? And lastly, if I do require funding assistance what sources are available for me and what are the respective criteria to apply?  With the COVID-19 pandemic, institutions are even keener to understand how students are creating opportunities during times of difficulty. University of California, Berkeley, saw 112,000 applicants (28 percent more than the previous year), while Harvard University had 57,000  (42 percent) more applicants than last year. Likewise, as world-class education becomes more accessible through technology, the need to understand your “best fit” becomes even more necessary. How a university has adapted to nourish students’ well-being and continues to provide the necessary tools to educate will become an important metric we use to measure fit. If anything, this will lead to an even more holistic evaluation method by both universities and students alike. FAQs How do I find the best-fit university? To find the best-fit university, you need to narrow down where and what you wish to study. After knowing the courses you want to study, figure out the best colleges for the program and then look into the eligibility criteria for the program. Being prepared regarding the qualifications, fees, and placement scenario of your prospective colleges is one of the biggest steps to finding the best-fit university. What does fit mean in university? A good fit college means a college that helps students achieve on all fronts- academically, physically, and financially. It helps students excel academically, allows them to explore extracurriculars, and gets them plenty of opportunities to find employment. How to find the right college in your budget? To find the right college in your budget, you can use the college cost calculator by EduFund. It will help you understand the different colleges and their fees in different parts of the world. You can find out the future cost of college as well using the calculator.

You worked hard on your grades, you had your extracurriculars in shape, and your college essay was edited and proofread. For all your preparation and planning, sometimes things just don't go right. Sometimes you get rejected. It is likely that you will experience at least a few rejections in your college application journey. How do you cope with rejections? What went wrong and what can you do to fix your mistakes? A rejection can put a big wrench in your study abroad plans. Here are some tips to deal with them.  Why was your college application rejected? There are many reasons why your college application may get rejected. Sometimes it may be because you just don’t meet the cut. College admissions are extremely competitive. Top universities are looking for the best GPAs and CVs when making their final decisions. You may be an extremely bright and brilliant student but your education plan likely does not account for the brilliance of your peers and competitors. This is why, when you are planning on studying abroad, it is important to apply to colleges whose requirements meet your qualifications.  Some other common reasons why your application may have gotten rejected are: You missed the deadlineThis is a relatively simple but shockingly common reason why your application may have gotten rejected. Colleges are dealing with vast numbers of applications. Any application that may have missed the deadline by even a few minutes may end up in the rejection bin.  Your application was incompleteIt is possible that your application was incomplete or didn’t include all the documents, information and other requirements requested by the college. This is common when you are applying to multiple colleges. You may end up missing or ignoring some specific or uncommon requirements made by particular universities. Your application was not edited properlyWhile it is understandable that college admissions can be extremely stressful, you should always take care to edit your application carefully. An application that is too long will be sent straight to the rejection bin because admissions committees do not have the time to go through long essays. If your essay is full of silly mistakes and typos, it reflects badly on you and such an application may again get rejected. Your application does not reflect why you are choosing that particular universityAdmissions committees do not just want to know what you are offering them, they also want to know what they are offering you. As an international student, you need to be clear on why you are applying to that particular university and why you want to study abroad.  What can you do? The first thing you should do is review your application. See if you made any of the mistakes we mentioned above and take steps to fix them. One rejection should not derail your study abroad plans and you can ensure this by making sure you do not repeat the same mistakes. Apply to safe schools and backup colleges to make sure that even if you get rejected from your dream college, you still have someplace to rely on. Dream for the best but plan for the worst. Your education plan should have space for a Plan B. Pay attention to the guidelines and requirements of each college you apply to. Make separate folders for application materials and documents required for each college. Copy the guidelines and list of requirements of each college to a Word document and save it in its respective folder. This way you can make sure that you do not miss anything or hand in an incomplete application. Pay attention to deadlines. Mark each deadline on your calendar and place the calendar in a prominent place so you don’t forget any deadline or rush in to submit at the last minute. Also, remember to properly edit and proofread your applications. You can ask your parents, siblings or friends to help you with this. The second pair of eyes will be much better at catching mistakes.  1. Do not lose hope You must remember that while a rejection letter may seem like the end of the world, it is only an opportunity for re-evaluation and review. It is likely you had a meticulous education plan in place. This rejection is only an opportunity for you to re-evaluate those plans and see where you went wrong and what you can do differently.  Do not lose hope because there are always other schools. In fact, you may find that those other colleges are much better suited for you. The rejection could very well be an opportunity to look for a college that is a better fit for you.  Try not to obsess over your failure and the reasons thereof. Instead, take some time off. Spend time with friends and family. Engage in hobbies and activities that you are good at to remind yourself that you are valuable and capable. Rejections do not have to define you. Always remember to take your failures as a lesson rather than a judgment of your worth. A rejection may in fact encourage you to review your life and your plans and send you in a different, better-suited direction. 2. Advice for parents Even your best plans for your children’s education can go awry sometimes. It is important for you to remember that this is possibly taking an even bigger toll on your child. Make sure you do your best to be there for them during this difficult time. Comfort them and assure them that you are there for any help and support they may need. Try to distract them from the failure and remind them that after all, failures are the stepping stones to success. If possible, you can look into higher education counseling to offer further professional help and support for your child. Good counseling and guidance can help you and your child recognize what went wrong and be better prepared for future applications. Counseling can also help you reach out to your kids and offer comfort in the best way possible.  FAQs How do you deal with rejection from universities? There can be many reasons for dealing with rejection from universities, from incomplete application submissions to not making the cut-off for the course. The best way to deal with the rejection is to take a short-term course or hobby that will help you cultivate a better application for the next round. Find out what your application lacked, work towards strengthening your CV/resume, and try to focus on building a strong career. How do you mentally prepare yourself for rejection? Rejection is extremely common and happens to everyone. It is important to not let it get you down and focus on trying to improve yourself and work towards your strengths so that you can avoid this event in the future. You can opt for career counseling, take a gap year, or even take up a job that can help you build a stronger application for your future. Is it normal to get rejected from college? It is normal to get rejected by colleges. Most colleges take in over 10,000 applications every year for one course from across the world. It can be cut-throat especially when the seats are limited and the competition is global. Try to keep your head up and apply to multiple universities so that you have a backup plan in place in case your best-case scenario does not plan out as planned.

Studying overseas does not just mean moving away from home to go to school elsewhere. It is an experience, overseas education can help broaden your mindset and add value to your life. It is the beginning of a series of changes that you are likely to experience as you move to study abroad. While things may seem uncertain in the beginning, don’t worry, because it only gets easier. In no time, you will find yourself surrounded by diverse people who think differently, speak different languages, and have unique skills. It is the beginning of self-discovery. Over time, you will likely begin to find that your mindset has broadened far beyond what it once was. Suddenly, you are not limited by the beliefs that you grew up with or the thought processes you had before.  This is just the beginning, the proverbial tip of the iceberg. 1. Coming out of your comfort zone Indeed, traveling to a foreign country does not just mean getting out of your country. Instead, it starts with you coming out of your comfort zone. There are plenty of things that go into preparing yourself to study abroad, and these all eventually contribute to you becoming a more well-rounded, capable adult in the long term.  Getting ready to move away, knowing that you will be leaving your friends and family behind for some time, while they cheer you on from afar - this itself can be a challenge. Nothing worth having comes easy. - Theodore Roosevelt Sure, it may seem uncertain and you may have plenty of doubts in your mind, but remember, you are about to embark on the journey of a lifetime. The experience will show you new things, expose you to a new way of thinking, and reveal to you beauty that you could never have imagined. At the same time, there are plenty of new responsibilities and things to take care of. All of these things are about to contribute to you becoming a much more comprehensive and mature person in life. 2.  Living in a multicultural society When you move abroad to study, especially in countries like the USA, Australia, Canada, Europe, and New Zealand, you will find students of different backgrounds, cultures, and races from different parts of the world. Meeting individuals from different cultures and interacting with people from different origins is an excellent way to broaden your mindset. You will experience firsthand what makes other cultures great, and learn things from them that you would have never otherwise known about.  New languages, speech patterns, expressions, delicious food, and more are just some of the things you will get to enjoy when you study abroad that will greatly benefit you in developing a broader understanding of the world we live in. 3. Getting used to living Independently At home, it is easy to get used to having things done for you. Once you have moved out, it can be difficult at first to adjust to doing everything by yourself. This means managing your grocery shopping, laundry, cooking, household chores, and more before you even have a chance to sit down to study. Now while this may seem like a bad thing, the opposite is true in the long term.  The level of responsibility and independence you will experience is just what you need to develop the life skills that contribute to a well-rounded life. Finally, you can take control of your life completely, and the feeling it gives you can be exhilarating. 4. Experimenting and trying new things While it may be slightly more challenging to find the same food and kind of people that you are used to, that is not the point of studying overseas. Instead, you’d want to immerse yourself in the new and unfamiliar. This is the single most effective way to experience new things and broaden your horizons. Trying out new kinds of food from diverse cuisines, speaking to people from lesser-known cultures, and getting to know what life is like for them will give you a much deeper perspective on life.  You will find that many of the things we take for granted are in fact blessings that others might not be used to. All of these experiences will help you grow as a person and gain a greater appreciation for life and where you come from. You could soon find yourself in the company of greats who excelled in life after studying abroad. 5. Adapting to change Getting used to a new way of life is a big part of studying abroad. At first, moving to another country can be extremely difficult and intimidating. Students often have second thoughts just before leaving - about whether or not they want to go through with it. This is for good reason.  There is a good chance that it will be a while until you see your family and friends again, do the same things you are used to, and stay in your own house. Instead, you are likely to be looking for shared housing, trying to work out your daily routine, finding the bus route to your university, and much more. Since you are about to experience a whole new lifestyle, it can be easy to get overwhelmed by the sheer amount of changes that you will go through within the first few weeks.  Rest assured, you can get through it, just like everyone else eventually does. Once you get used to a new way of life, you can start to enjoy living it the way you want to. Especially in the start, it helps to build a strong group of friends that you can speak to whenever you feel low or unmotivated. Conclusion Studying abroad is one of the most exciting and challenging things young students can do in their lifetimes. Filled with new experiences, challenges, and triumphs, many students come out of the experience unrecognizable from when they first arrived.  Traveling to a new country, trying out new food, and studying under a different education system are just some of the things that you are about to go through. With that said, the best way to help you along your journey is to find a group of like-minded students who are going through the same thing that you are. Helping each other cope and thrive through challenges is a powerful way for you to build a strong support group in your new home away from home. No matter which country you choose to study in, you are sure to jump straight into a new world that would allow you to grow as a person, develop your personality, and broaden your mindset.  Our sincere advice would be to embrace the change, be excited to learn new things, and most of all, enjoy yourself along the way! FAQs What are the advantages and disadvantages of the overseas education system? The biggest advantages and disadvantages of overseas education are that helps you understand a new culture and allows you to enhance your learning. The sheer amount, of course, opportunities can help you build a global career. A huge disadvantage can be the financial aspect of studying abroad and feeling homesick. Why foreign education is better than in India? Foreign education can be better than Indian education in some areas. Especially in terms of STEM, where countries like the USA, UK, Germany, or Canada can offer students a better and more nuanced infrastructure for experimentation and discovery. Foreign education is also a gateway to living abroad for many students; it helps families move to different countries for settlement and permanent residency. What are the benefits of going abroad after the 12th? The greatest benefit of going abroad after the 12th is the chance to be independent and self-sufficient. Studying abroad means managing your own life, experiencing a new culture, and learning important lessons like budgeting, time management, and money management. It helps you grow as a person and take adulting to new heights. TALK TO AN EXPERT

Why should you have an education fund dedicated to your child’s college education? Don’t you already have to worry about saving up for your home, your retirement, and any other emergency that may arise? With all these goals it might look daunting to have another fund for education as well. Is it such a big deal? Well yes, It is a very big deal! Here are the top 4 reasons why you need to start saving up for education, as soon as you can, even if your child is just 4 years old! 1. The cost of education will most likely jump (a lot!) education-cost-jump In India, the cost of education is increasing at a rate far higher than the inflation rate. According to a report by the National Sample Survey Office (NSSO) - between 2008 and 2014, the average annual private expenditure for general education (primary level to post graduation and above) shot up by a staggering 175 percent while during the same period, the annual cost of professional and technical education increased by 96 percent. ‍The expenses typically include course fees, books, transportation, coaching, and other related costs. A recent ASSOCHAM survey also reflected this trend -  parents are ending up spending almost 50% of their income on children’s education, today. Studying abroad provides more options to students compared to the highly competitive and increasingly expensive higher education landscape in India. However, getting admitted into a premier institute abroad requires students to shell out nothing less than a crore/per year, just for tuition fees. For e.g. Stanford’s tuition fee for its MBA program is USD 140000/year and which is more than one crore, considering the currency rates that are prevalent now. Even if you factor in an inflation rate of just 10%, it's going to cost double the amount to send your child to college, say 15 years later, than what it costs today. Whichever destination you might choose to send your child to college, the money that you are going to spend, just on tuition fees, will be very high. 2. To avoid dipping into your retirement corpus! retirement-corpus It is more prudent to maintain separate funds for your savings and your child’s education. ‍This is due to the simple reason that no one is going to give you a loan to take care of your expenses post-retirement. While your child may get a loan that will fund his/ her education expenses, you need to make sure that you and your spouse, are not dependent on one post your retirement. Hence, EduFund comes to the rescue! 3. Let your child be debt-free! Education loans are easily available from banks and other financial institutions and are attractive to many students who are not able to afford higher education – especially abroad. But then again, education loans are termed at extremely high-interest rates, not to mention the collaterals attached to them. In this scenario, having an education fund will help. Your child will not start her career with a debt burden hanging over her choice of job. And with the growing uncertainty in jobs due to the current global economic slowdown, there is no job security that assures steady income to pay off an education loan. 4. The Competition is just going to increase! The competition to get into the best colleges, foreign or Indian, has always been high. We all know the importance of studying well to get into the best colleges. But the increasing population and increasing enrolment in higher education have ensured that what was possible to achieve with 80% marks in the year 2000, now requires at least 95% marks. And, there are more people competing for the same number of seats. So, getting into one’s college of choice on merit alone or with a scholarship is going to be much more difficult than it was. In fact, parents are now having to prepare to handle competition even for KG admissions for toddlers. Many of them start planning right at child-birth on which school their child should go to. So, start planning now! When you start early, you have the freedom of choice in college as you don’t have to worry about the cost of college. Having a corpus fund for education to draw from when the time arises is imperative to ensure a good education and a good career for your child. And even if your child’s choice of career changes as time passes, you can adapt and be ready with the funds, when required. FAQs What is EduFund? EduFund is an investment app dedicated to helping Indian parents save, invest and plan for their child's education needs. How can EduFund help you? EduFund can help you invest, save and plan for your child's education needs. It allows you to customize your plan, and invest in tools like mutual funds, US stocks, ETFs, and digital gold to diversify your investments. It sets long-term and short-term goals for parents and children to save up time and help them achieve their goals. EduFund also helps you with education loans and connects you with the best loan partners in India and USA. How can you set up an account with EduFund? You can download the App from Play Store or apple store and set up your account free of cost. All you need is a bank account, an Aadhar, and a pan card to open your account and start investing in mutual funds. Conclusion We live in a world that is marred with competition, whether it's getting into a good college, or choosing the right investment instrument, being prepared for the future equips you to handle things better. The stability of having a corpus and not being dependent on an education loan is a reassuring move for your child to choose his/ her dream college. An EduFund may seem a far-off thing today, but it is a necessity for the future. Plan, invest, and educate! Invest Now!