Category Archives: Education

Choosing the right career path is difficult especially if you are looking at non-traditional career options. It is also hard to make sure you and your parents are on the same page about your career path. Especially, if your dream job is a little offbeat. Parents want nice, safe careers for their kids that offer maximum job security and chances of success. You may not want the same things as your parents and that is okay. But to bring them to your side, you will need a plan. The right conversations and the right counseling can make all the difference between endless arguments and unconditional support. Here’s what you need to do! Plan your education and career Before you embark on your dream career, you need to get your dream degree and for that, you need a plan.  You can create a document or presentation titled ‘Education Plan’ or ‘Career Plan’ to show your parents that you have given this thought and effort. The reason why most parents are scared of their children choosing unconventional careers and degrees is that these careers are not always reliable. They may not be as well-paying or as secure as traditional career paths. You need to lay those doubts to rest!  The best way to do this is to let your parents know that you have considered the risks yourself and have a clear plan of action in place. This includes having a clear idea of what kind of degree you want and where you can get with this degree. Be flexible Most undergraduate-level degrees give you access to a wide range of job opportunities. You may have your heart set on a specific dream job, but you need to let your parents know that you have backups in place. Include the varieties of jobs you hope to secure with the degree you are choosing in your Education Plan.   Also, make a list of your dream colleges. You will need to do thorough research to figure out which colleges are the best fit for you. Decide whether you want to stay in India or study abroad. You should also find out what kinds of jobs the alumni from your prospective colleges have secured. You can even try and get in touch with these alumni to see if they can give you some career advice.  Figure out and tell your parents about the kinds of internships you intend to take while in college and the kind of projects and extracurriculars you plan to pad your CV with.  With a meticulous plan in place, your parents will be able to trust and support you in your ambitions. Funding your education You may not have figured out where the funding for your education will come from and that is okay. You are young and have probably never had to think seriously about financial matters before this. Your education is going to be the most profitable financial investment of your life and your parents probably already have plans in place. If you haven’t communicated with your parents about your career goals, then their plans and your dreams may not exactly align. This is why while you are researching careers and degrees, you should also research fundraising for education.  There is more than one way to finance your education There are many ways of funding your education. Tuition fees differ depending on whether you plan to study in India or study abroad. Different countries have different college fee structures. Scholarships and Fee Waivers are one way to fund, but there is no guarantee of always receiving them. A very common way of raising education funds in India is Education Loans. These loans can be secured through banks or other financial institutions like EduFund. If an education loan is the best way for you to secure your funding, you should thoroughly acquaint yourself with them. It is important to understand the exact terms of the loan and the payment plans set forth by the bank or financial institution providing the loan. You could also use an Education Loan Calculator to figure out the specifics of how much funds you can raise through loans and how much you will have to pay back. Usually, you start paying back an education loan after you graduate. Get education counseling and guidance Never underestimate the difference a good education counselor can make. Counselors are well-versed in the intricacies of career and education planning. They can help you understand the details of how to apply for universities and entrance exams and how to prepare for them. They can also act as a mediator between you and your parents if they are not very supportive or comfortable with your career choice. Your school might already provide counseling services that you can avail of. If that is not the case you can look for education counseling for students online. Free counseling services are sometimes available, some counselors offer an initial free session so that you can figure out if their services are suitable for you.  The counseling is for guiding both you and your parents. Students have big dreams but often don’t take practical considerations in mind. Meanwhile, parents look out for their children and want the best for them, but even their best plans for their children’s education may not always align with their children’s dreams. Good counseling can help bridge these gaps. It can provide you with some much-needed and helpful perspective when it comes to the practical side of career and education planning. It can also help you communicate better with your parents and make them more supportive of your dreams.  What happens next? So, you have an education plan in place, you have secured funds and you have undertaken to counsel. But, what comes next? After all, a degree is only the beginning. But what happens once you have secured admission? Well, something a lot of students with grand education plans don’t consider is - the need for flexibility. While having a dream job and being passionate about it is important, it is also good to be adaptable. Once you actually start your degree and start talking to your teachers, peers, and seniors, you may realize that your dream job is not ideal for you. You also may develop different interests or discover new and exciting, alternative career avenues that you had not considered earlier.  It is important that you keep your eyes and ears open for alternative careers and backups while working towards your dreams. Keeping your career options and CV diverse is very wise and ensures that you don’t end up ‘stuck’ in a dead-end career or a job that no longer fulfills you. Most undergraduate degrees offer skillsets that are usually widely applicable. Be aware of the applicability of your skills in different professions and make smart career decisions.  FAQs What are some non-traditional career options for children? Here are some non-traditional career options for children that are lucrative and in demand such as - Veterinarian YouTuber/Social media personality Data analyst/scientist Dietician UI/UX designer How does career counseling help children? Career counseling helps children decide what they can do in the future. It helps them align their interest and aptitudes. It is the best tool to help your child determine what careers are most suitable for them and can give them an opportunity to use their unique skills. Consult the best education counselor right here - click now! What is the best way to finance your child's non-traditional career? The best way to finance your child's higher education is through investments. Investments like mutual funds, stocks, and ETFs can help you keep up with the growing prices of colleges and education in general. You can also opt for education loans that offer attractive interest rates.

A student loan is likely the first step many students take towards financial independence, and just as with other loan applications, lenders will look into your credit score when considering your application for an education loan. To determine a student's capacity to repay an education loan, lenders investigate their creditworthiness. In this blog, we will discuss the impact of your credit score on your ability to get approved for an abroad education loan and tips for improving your credit score. Importance of credit score for abroad education loan When you apply for an education loan, a lender will check your credit score; this goes for both co-borrowers and students. When applying for an education loan, a student's credit score may be crucial, but if they don't have one, the lender will base their loan conditions on the credit ratings of their co-borrowers. A student's chances of getting financial help might be improved by meeting the lender's other qualifying standards and having a high credit score: a lower interest rate a lender approval that comes more quickly a larger loan sum for schooling an increased credit limit  a lengthier term How is the credit score calculated? Every time a person contacts a bank or other financial institution for a loan of any type, the bank or financial institution will request the CIR (Credit Information Report), which is the person's unique credit history from credit. Their credit history determines their credit score, which ranges from 300 (Worst) to 900. (Best). It is unimportant to be concerned if you haven't applied for any loans yet because your credit score will always be negative or zero. The credit score is primarily based on four factors: Repayment history - One's regularity, consistency with prior EMI payments, and other factors. A mix of loans - Several loan kinds (secured and unsecured) they have previously obtained. Credit limit - use of the credit card's or any other credit line's credit limit. Multiple loans at one time - the frequency with which they've requested or applied for loans recently. How to compare education loans? READ MORE How your credit score impacts your student loan? If you're wondering if taking out a student loan would affect your credit score, the answer is yes. Education loans, like other loans, affect your credit score if they are returned on time; if they are paid late, your score may be negatively impacted. The bulk of student loans is repaid in installments over a defined period of time. You begin to establish a history as a result of the lender reporting this to credit reporting companies. When you pay your bills on time, you'll begin establishing a solid track record for handling credit. Nonetheless, the following credit score levels are suggested for students wishing to get an educational loan to study abroad: RangeLoan Probability300-599If your credit rating is at this level, you should carefully review your financial records and concentrate on any pressing problems that could be the root of your low rating. Your chances of being approved for an education loan are decreased since financial institutions frequently see credit scores of less than 600 as being exceptionally bad.600-749Those with credit scores in this range are still qualified for student loans. Yet, the majority of banks and NBFCs are quite picky about loan applicants achieving the minimal credit score standards for education loans. 750 and aboveA credit score of 750 or above is required to be eligible for an education loan. This credit score may be used by lenders to determine the financial dependability of co-applicants and individual applicants. Tips for improving credit score The following are possible causes of your low credit score as well as suggestions for how to raise it: Overuse of credit limit: Using your whole credit limit is a sign that you lack self-control when it comes to spending. Try to keep your balance between 30 and 50 percent of your total credit limit. You'll use credit less as a result, improving your credit score. Late and failed payments: Your credit score declines if you often skip or postpone loans or credit installments. Set up reminders to pay back all borrowed money on time; this will help you build credit and get better loan conditions in the future. Rejected loan requests: Wait before submitting an application for a new loan if your previous one was rejected. When your credit score declines with each loan denial, there will be a higher chance of a fresh loan denial in such situations. Improve your credit score as a top priority to be eligible for loans. You can then file a loan application with better conditions after doing this. Be aware that the procedure can be lengthy, and loan approval can be quite difficult if you have low credit, but you may still be able to receive any other loan because the banks will keep the collateral as security until you have paid the whole loan amount plus interest. Also, it's possible that you'll only be given unfavorable loan terms and circumstances. Some of them might have greater interest rates or longer payback schedules. Consult an expert advisor to get the right plan TALK TO AN EXPERT

It is universally acknowledged that education is a very powerful weapon. Education can transform an individual and colleges can broaden a child’s horizon. Every child deserves to receive a quality education. There are various reasons why global education is the best for Indian students. ‍From our experiences, we know that when a student receives a world-class education, it helps them become their best version – professionally and personally. Pursuing higher education outside of India seems to be promising in more ways than one. In this blog, we will talk about how studying abroad can affect your life for the better. Let's get started. 5 Reasons why Global Education is the best for Indian Students When you think about it, there are innumerable ways in which a global education can benefit an Indian student. In this article, we will talk about the 5 major ones. Let's get started. 1. Changes Your Life, for Good! International exposure to study at a foreign university and the experience of living in a new country can be life-changing! The combined power of both results in gaining practical knowledge that can help you in life immensely. Living alone in a foreign country can be daunting in the beginning, but it teaches you an immense number of values, and ethics, and not to mention, you become a pro chef! You learn what is not written in the textbooks. Such experiences also shape your personality and groom you as a responsible professional. 2. Holistic And not just Academic Development The Indian education system offers academic rigor. However, there still is room for improvement and development. The cut-offs in premier Indian colleges soar to touch the sky. But whether these colleges provide excellent holistic development is still a big question mark. Regardless of the foreign country you prefer to study in, most global universities focus on not just academics, but also professional qualifications, leadership, and personal development. Foreign programs have gained popularity because the faculty is invested in a student's all-around growth. 3. Opens closed doors Whether it is studying for a master's abroad or a Ph.D. – Foreign universities offer what you commonly don’t find in India. An array of courses across all fields and subjects like - Artificial Intelligence and Data Security or Criminology, and Media Relations. You name it and they have it. As per reports released by the USIEF, in 2019, Indians studying in the U.S. made up 17% of the international student population there. If you want to take the road less traveled or pursue a career in a highly specialized niche, global education opens closed doors. 4. Brighter Career Prospects ‍Indian students who have received good foreign education have an edge over others. You wonder why? Recruiters view international experience as an asset. It is reflective of many things like your skills to compete in a global setting and your ability to adapt to diverse cultures. Global education helps you hone your skills and grow exponentially. ‍After completing their degree, outstanding students can bag an international job as well. 5. Diversity They appreciate unique students. Many top-notch B-schools and other universities seek to promote diversity and inclusion. This means that the admissions team deliberately tries to encourage people from different walks of life to join the classroom. Highly reputed universities welcome meritorious international students. Some even try to strike a balance in their gender ratio thereby including talented girls and giving them an equal chance to fly. As the saying goes- "Sometimes the smallest step in the right direction ends up being the biggest step of your life!" Take the first step towards a brighter future. And, live the life of your dreams! FAQs Why is global learning important for students?   International exposure gained while studying at a foreign university and the experience of living in a new country can be life-changing! The combined power of both results in gaining practical knowledge that can help you immensely in life.  What is the value of global learning?   ‍Indian students who have received good foreign education have the edge over others. You wonder why? Recruiters view the international experience as an asset. It is reflective of many things like your skills to compete in a global setting and your ability to adapt to diverse cultures. International education helps you hone your skills and grow exponentially.  Why foreign education is better than Indian education?   They appreciate unique students. Many top-notch B-schools and other universities seek to promote diversity and inclusion. This means that the admissions team deliberately encourages people from different walks of life to join the classroom. Highly reputed universities welcome deserving international students.    Why do Indians prefer foreign education?   Indian students prefer foreign education because of many factors. Studying at an international university will give students great exposure in terms of meeting people from different cultures and countries. It will also create excellent employment opportunities abroad. Having studied at a foreign university will add value to a student’s resume.   Conclusion These are some of the major reasons why global education molds an individual for the better. In reality, there are many more points that one can consider. Whether it is the quality of education- or the experiences one attains, education abroad is a stepping stone toward untapped opportunities. We know many of us are now thinking, "What about the funds required to study abroad?". Well, saving up for higher education is not as hard as you think.

College applications and admissions season is a stressful time for both students and their parents. Your son or daughter may still be a child but they are embarking on their biggest adventure yet! It makes sense to be afraid and worried. It doesn’t help that your child is likely in their angsty, rebellious teenager phase and may not be willing to listen all the time. So, how do you support your child anyway? How to make sure that they know you are there for them without suffocating them?  Well, here are some ways. 1. Plan for your child This is your child’s first time stepping into the real world and making big decisions. As a parent, you should try your best to make sure that their path is as smooth as possible. It is likely that you already have education plans in place, and you might also have made investments in your child’s education. These investment and education plans are important since they are the first step to ensuring your child gets his or her dream career. You should learn more and acquaint yourself with ways of saving up for your child’s future.  Besides financial planning, you should also research colleges and universities that would be the best fit for your child. This is something you should do together with your child. Find out what kind of career your child wants and research degrees and educational institutions that are the best fit. Narrow down a list of universities, colleges, and degrees as well as future job prospects. You should also make a list of the pros and cons of all of them.  You should prioritize your son or daughter and their opinions and ambitions when doing this. It is important to remember that this planning is for the benefit of your child. Their dreams should take priority over your expectations. At the same time, you should offer advice, counseling, and guidance to ensure they follow their passions while also remaining pragmatic about their career options.  2. Empower your children A big part of supportive parenting is empowering your children to become self-sufficient. It can be daunting and even scary to see your children leaving the nest and your guidance. You need to remember that your children becoming independent and leaving your supervision is the end goal of all good parenting. If your children are leaving the country to study abroad, then it becomes even more important for you to actively try and empower them in every way. Photo by Rodnae Productions on Pexels A very easy way in which you can empower your child is by encouraging them to do their own research and make their own decisions. Ask them to come up with their own education plan, and encourage them to email universities and admissions officers for more information on the institution and curriculum. Talk to them about what they want to do and how they plan to do it. Guide them but let them take care of their own responsibilities. Trust your children and subtly guide them instead of being helicopter parents. 3. Listen to your child “Children are meant to be seen and not heard” was the maxim during the Victorian age but times have changed. You cannot hope to have the same attitude towards your child, especially now that they are starting their adult life. It can be hard to see your 17 or 18-year-old as a full adult just yet but rest assured, this is where it all begins Often times parents let their expectations and dreams take center stage when it comes to their child’s life. You must avoid doing that. And for that, it is important to listen to your child. Don’t just talk at them, when it comes to their education and career, you must learn to talk to them.  It can be helpful at this stage to talk to an education and guidance counselor. Counseling can be a good way of communicating with your child and finding out what they really want to do. A good counselor can act as a mediator between you and your child and help bridge any gaps between you. If your child is unsure and hesitant about what to do next, counseling can help them figure things out. If you are unsure about whether to find a good counselor in your city, then you can look into higher education counseling online. 4. Engage in extra-curricular activities with your child Extra-curricular activities are not just a wonderful addition to any CV, they are also important for the overall development and happiness of an individual.  While it is convenient to see these activities as simply a means of padding your CV for your study abroad plans, that is not all they are. Extra-curricular activities are meant to be a means for you to relax and have interests beyond just academics. They are meant to help you escape the rat race.  Do not pressure your children to take up activities solely to impress foreign universities. Rather find activities in which you and your child can both engage together. This can help you maintain your bond and also release pressure during this incredibly stressful time. 5. Be transparent You should support your children in every way possible but you should also be transparent with them. If there is some limitation to your capacity to help them, they should know about it. If you are unsure that the career path they are choosing will be sustainable or capable of offering stable income and job security to your child, then you should share those doubts. You are after all the adult here, you have experience and you should share that experience with your child. Don’t be afraid of telling them harsh truths, but also be willing to change your mind.  Let your child know that if they can prove to you the long-term sustainability of their career goals, you will be willing to support them all the way. You should also be open and frank with them about finances. Tell them how you are planning to fund their education, whether it is through savings or an education loan. This is a big investment you are making in your child’s future, make sure you are transparent about the nature of this investment. Also, let them know if you have any budgetary constraints and about universities or courses you cannot afford.  Being transparent and honest about your thoughts as a parent is helpful. FAQs How to support your child through college applications? Here are some steps to support your child through college applications: Help them select and shortlist the colleges Check the deadlines for all the colleges and make sure you submit all the documents before the deadline Check the requirements for different colleges such as some colleges require IELTS, GMAT, GRE, etc. How to make your child's college application stand out? The best way to get a unique college application is to have extracurricular or develop a unique hobby. Having a background in social work also helps. Try to look for activities that resonate with your potential course to show the admission office that there is a link between your academic journey and extracurricular. How to start your college application? The first step in starting your college application is to check the requirements and the deadline after shortlisting your colleges. Conclusion Being a good, supportive parent during college admissions season is mostly about trust and communication. You and your child will both need to trust each other’s intentions and talk openly about all your doubts, hopes, and dreams. Remember that college is only the start of a much bigger adventure and you will need to be strong and communicative as a family to make the most of it!

With the value of a foreign education increasing by the day, education loans for paying college tuition fees have become very common and easy to avail too. ‍Education loan disbursals from banks and various financial institutions to Indian students, studying in India and abroad increased to 92,711 Crores this year from 90,345 Crores last year. https://www.youtube.com/shorts/4lVk1mKqwaI ‍However, this data hides an important issue – the number of students who are not paying their education loans back has also been increasing. Banks have reported 7-9% of loans as bad loans over the past few years, by Indian students studying in India and abroad. Best Time to Apply for Education Loans Read More Such a high amount of non-repayment is being attributed to a general economic slowdown, changes in immigration policies by various countries, and a supply-demand mismatch in the candidate's skills and jobs available. Not repaying an education loan can get students into many problems and we are not talking about only the legal issues. While education loans have been the answer for many Indian middle-class families to pursue their dream education since they are easily available from banks and other financial institutions. Apply For Education Loans Is taking an education loan a good idea? The rising cost of education has made taking loans to be a decision fraught with concerns. Even payment for an average school abroad can set you back by 40-50 lakhs if you include your cost of living in that country. Quite a few colleges in India have become very expensive over the years. This is quite obvious considering that college tuition fees have seen a steep rise compared to anything else – be it homes, vehicles, or computers – adjusting to inflation that happens in prices year on year. And this is when salaries/wages have seen only a nominal increase. Scholarships and grants are another way that allows students to afford expensive education. However, the sheer number of students who are aspiring to study in a young country like India makes it a formidable task to be eligible for a scholarship. With loans being the only option in many cases to achieve a good education, fresh graduates are taking up jobs that do not match their skills and with less promise, because good jobs are not on offer. The job of their dreams can wait while the loan is repaid first. The huge EMI also makes them less eager to spend on a house and postpone many important purchase decisions. So how do we make education accessible to a vast number of students without them staring at a huge debt burden after graduating? 3 Steps on How Education Loans Work? Read More ‍What's the solution?‍ A little bit of planning, a few years before the time comes to apply for colleges is all it takes to not get into the system of loans. Put away savings for education that you can use to pay for college. These savings should be such that the money grows, while your child grows. While education goals may vary as your child grows and his/her interests change, the fact that he needs a good education will not change. Tips to get Education Loans for Abroad Studies Read More What do you do in this case? ‍There are apps like EduFund that allow you to plan for your child based on future goals. We have the expertise that can help you understand the financial goals you need to set, to send your child to a prestigious college abroad or in India. Our college savings calculator is comprehensive and includes tuition and staying expenses in a particular city too. Investing in SIP mutual funds is recommended to ensure good returns in the long term. So, starting early adds a lot of value to your fund. Conclusion Before you start planning for your child's education, you must have a specific goal. And an education fund is paramount to reaching those goals With this education = corpus, you can ensure that your child doesn’t start his/ her future career with the worry of paying back a loan. And that will be the biggest present you can gift your child, the gift of education! FAQs Is taking an education loan a good idea? Education loan is a great choice for Indian students who wish to study abroad but it's important to do your research before you avail of one. There are interest rates that students must consider and the process of repayment. One must research whether the course is covered by the loan or not if your bank is offering a low-interest rate, how much loan coverage should you opt for, and the ROI of your course. Can you study abroad without an education loan? Yes, it is possible to study abroad without an education loan. You can apply for scholarships, borrow money from your parents, or use an education fund if your parents have started one for you. If you are planning to go abroad for a master's or MBA then you can start saving and investing for your education as well. To keep up with the living expenses, you can opt for a part-time job as well if your student visa permits it. What are some good alternatives to education loans? If you have a time horizon of 10-15 years, then considering mutual funds and investing in US stocks and ETFs is a great alternative. This option is brilliant for parents with children between the ages of 3-10 years.

Global education at an affordable cost, a wealth of career opportunities, and an amazing quality of life. There are no two ways about it Canada is one of the best destinations to study abroad, for Indian students. About 25% of immigrants from India call Canada their ‘home’. In 2019, India ranked on the list for being the main source country of new immigrants to Canada. Quality education for all Education in Canada is greatly valued. And even that is an understatement! The country spends about 5.3% of its GDP on education. Four Canadian universities consistently rank in the top 100 Universities of the world. Some of the top Universities in Canada include: University of Toronto University of British Columbia McGill University McMaster University According to Forbes, the number of Indian students studying in Canada shot up to a whopping 127%. Studying in Canada for Indian students has proven to be an excellent option given that Canada leads innovation in science and research. Remember, when you study in Canada your degree is recognized all over the world. ‍Affordability is key in Canada Studying abroad is an expensive affair. But the education system in Canada is cheaper than most others. Is it possible for a middle-class Indian student to make it to the top universities in Canada? Yes. The cost to study in Canada is lower than the foreign Universities located in the U.S. or U.K. Additionally, there are several ways to fulfill your dream of studying in Canada.  This leads us to the next point... https://www.youtube.com/shorts/MwclWJ8Q2ZE You can earn while you learn! The study permit in Canada is designed in such a way that Indian students (or any international student) can work for up to 20 hours every week. The icing on the cake? During the summer and winter break, you can work full-time too! Without many struggles, one can easily find many part-time opportunities. Students are remunerated fairly on an hourly basis. This way, you can earn some pocket money and be independent. https://www.youtube.com/shorts/k8c_dfmXMkA ‍Home away from home! If you are worried about being miles away from home and missing your culture, then stop right there! A significant population of Canadians is of Indian heritage. About 1.4 million to be precise. Time and again, Canada has been ranked as one of the best countries in the world to live in. Known for its multiculturalism, this country has so much to offer to Indian students. In fact, there are several communities formed by Indians staying abroad to help and support newcomers. You can feel safe here and embrace your desi roots. Immigration and amazing job opportunities The point-based system for work permits and citizenship is known to work in favor of Indians. The immigration policies of Canada make it possible for Indian students to get the best education, exposure, and job opportunities after graduation. The transition from University to Work is easy for international students. The degree you earn there comes with a plethora of job opportunities. Not sure which University or course in Canada is the right option for you? FAQs Is Canada good for Indian students to study? Canada is a great destination for Indian students to study abroad. Its universities are consistently ranked high by popular indices across subjects, it is international student-friendly and has many policies like 2-year work permits and part-time work opportunities for students. It is also considered an affordable alternative to the US and UK. Why Canada is the best study-abroad destination? Canada is considered the best study-abroad destination for the following reasons: Top universities like the University of Toronto, Ottawa, and Calgary. Best student-friendly environment for learning and living Affordable for international students across the globe Opportunities to work and live in the country for international students What are the most popular universities in Canada for Indian students? Here are the most popular universities in Canada - University of Toronto University of British Columbia McGill University McMaster University University of Calgary TALK TO AN EXPERT

Investing in your child's education is vital because education is no longer cheap! Many Indian parents dream of sending their children to a university abroad. While studying abroad is aspirational and can help secure a bright future for their child, what many parents do not realize is the cost associated with it. Nor do they understand the difficulties of managing these costs. Education is becoming expensive. In the United States, the average annual cost of university tuition is $40,000 (29 lakhs) and is expected to increase by 3-5% per year.  To add to the tension, Indian parents have to worry about rupee depreciation while making foreign exchange transactions into dollars. How are parents meeting their corpus? The decision to send your child abroad is something that can change the course of your financial future. Sadly, most Indian parents are facing the negative impact of their child’s higher education on their finances by choosing riskier options for funding. Today, the average Indian parent funds their child's education by Taking loans Cashing in their retirement Selling real estate 1. Loans Because education is so expensive, most parents choose to fund higher education through loans. In FY19, the total amount of loans disbursed was Rs 22,550 crore. But the silent killer with loans is the interest. Education loans in India aren’t cheap and can come with interest as high as 14.5% and a 7-15 year tenure. And while students studying at prestigious foreign universities can opt to pay lower interest on loans offered by their institutions, they are still paying off these loans in dollars. CHECK LOAN ELIGIBILITY 2. The default zone In theory, taking out loans and later paying EMIs seems easy. But, data shows that the national default rate of education loans (NPA) is incredibly high-10%. This is worrisome for two reasons. First, it could have a severe negative impact on you or your child’s credit score, making it harder to get loans in the future. Second, as default rates continue to increase, private institutions, such as banks, will continue to increase the interest rate on education loans.  In other words, it’s a big negative cycle. 3. Earning interest, not paying it. There’s a simple solution to avoiding the potential headache that comes with loans- planning ahead. If parents start to save for their child’s education immediately after their birth, that’s anywhere between 18-21 years of savings. With foreign education, however, savings alone may not be enough. Investing these savings can generate enough interest over time to pay for a sizeable amount, if not all, of your child’s tuition. Investing in what? Mutual funds can be a wise choice for investment because of compounding. Compounding simply means that you earn interest on your savings and that interest then earns interest on itself. Because of this, mutual funds have a strong history of generating returns anywhere between 6%-15%. For example, INR 1,000 invested in a fund that earns 15% interest can help you save up to 15 lakhs over 20 years. That’s the power of compounding. And, if you’re worried about taking risks, you can rest assured that there are ways to match your appetite for risk with the right mutual fund, and still earn enough to help secure your child’s education. But the most important factor when it comes to investing in your child’s education is starting ahead of time. Each day counts. FAQs Why should you invest in your child's education? The biggest reason why you should invest in your child's education is the rising cost and education inflation. In the past few years, the cost of education abroad and in India has been increasing tremendously. From high tuition fees to increasing cost of living for students, education is becoming expensive with time and the best way to keep up is to revitalize your savings and investment strategy by investing in a high-growth instrument that helps beat inflation in the education sector. When should I start saving for my child's education? Starting when your child is a newborn is the best time to invest and save for your child's education. This gives you a time horizon of 10 -15 years to save and invest in your higher education. Should you save for your child's education? Yes, saving and investing in your child's education is a huge parental responsibility. It has tremendous benefits like securing your child's future, helping your child and you avoid debt as the cost of education increases every year, it helps you maintain financial stability and it gives your child the opportunity to explore any career and college they hope to study at.

Families who want their children to pursue higher studies and are unable to make ends meet are on the lookout for an education loan without collateral in India.  It is no longer easy to secure an education loan as students have to meet a strict set of criteria to become eligible for the loan. Most loan applications get rejected midway in the absence of a collateral or third-party guarantee.  Education is a blessing that can break the shackles of poverty, but how to get a loan when you do not have any property, fixed deposits, land, bonds, insurance policies, or shares to pledge as collateral is a worry for most of the middle-class households in India.  In most cases, financial institutions or private moneylenders ask for collateral as a security pledge in case of loan default so that they can recover their money in adverse conditions by selling the collateral property. Without the collateral, most banks, NBFCs, or even private lenders hesitate to sanction an education loan with a limit that exceeds INR 7.5 lakhs as the chance of default is very high. Apply for Education Loans What is a Non-Collateral or an Education Loan without Collateral? Non-collateral or an education loan without collateral is a type of education loan where the loan applicant can get the loan amount without pledging security against it. In the case of a non-collateral loan, the borrower has to meet specific criteria that the loan authority has set. These criteria can be country-specific, a particular study program, or a minimum loan amount. Collateral vs. Non-Collateral Education Loans Read More Where can you get an Education Loan without collateral? 1. Banks Banks generally follow the guidelines set by IBA for education loans without collateral, although their internal rules may vary with the set criteria. It is the sole right of a banking institution to make changes for a loan amount that exceeds INR 7.5 Lakhs. The interest rates, the upper limit of the maximum loan amount, and repayment terms vary from bank to bank.  Edufund is also associated with public and private banks and NBFCs in India and can help you get the best possible terms for the education loan without collateral if you are interested in borrowing money from a specific bank. The app also has a team of dedicated experts who will talk on your behalf and bargain for the best loan terms.  Starting the loan process at EduFund is very straightforward, as you can get direct quotes from partner institutions. Higher loan amounts, lower interest rates, and hassle-free loan process are possible only at Edufund.   4. Private Lenders and Non-Banking Financial Companies Private lenders and NBFCs generally sanction education loans without collateral for an amount that exceeds INR 7.5 lakhs. This is a tricky situation for the borrower as these types of education loans come with a higher interest rate compared to the collateral-free education loan of a maximum amount of INR 7.5 lakhs.  5. Education loan without collateral at EduFund App Suppose parents or students are unable to meet the set criteria for an education loan without collateral in India. In that case, they can visit the Edufund App and meet with the experts who handle loan applications.  Edufund has a dedicated loan page that will answer all your loan-related queries and direct you toward the proper channel so that it becomes possible for the applicant to become eligible for an education loan up to INR 75 lakhs at the minimum possible interest rates without any collateral.  The service is free, and there are no hidden charges that will come at a later date to haunt you.  Conclusion  Education loan is the need of the hour, and if you can get an education loan without collateral in India, then it is a win-win situation for a student who needs the loan amount to fulfill his dreams. Student loans serve as important financial aid for millions of students who otherwise would not be able to get a proper education and desired jobs.  TALK TO AN EXPERT

A member of your family (preferably your parents) who co-signs the loan application and assumes responsibility for repayment if you are unable to do so is known as a co-signer. Additionally, banks require a local contact in India for any due diligence while you are away.  In other words, whether applying for a loan from a public or private lender, having a principal co-applicant is required. A primary co-applicant and a financial co-applicant can be the same individual, although private lenders (private banks and NBFCs) require one during the loan application procedure.  The need for a co-signer  In many situations, having a co-signer for your loan makes sense.  Your credit is poor.  You don't make a lot of money.  You are a young person without any credit to your name.  You can get around these obstacles and be granted a loan by using a co-signer. If you and your co-signer are accepted, you might even be able to acquire interest rates that are lower.  However, a few things must be in place for this configuration to function:  Between the co-signer and the borrower, you should be confident that you can trust each other because the borrower will be demanding a lot from the co-signer.  The co-signer must be in good financial standing. Co-signers may not be permitted to co-sign on the loan if their credit is equal to or worse than yours.  The co-signer must be capable of making the loan payments on their own in the event that the borrower defaults on the loan.  Looking for a co-signer  Most borrowers who employ a co-signer pick someone close to them, such as their spouse, parent, grandparent, sibling, or a person with a similar relationship.  Sadly, not everyone has access to these choices, and in certain situations, family members may not have excellent credit, which is needed if they intend to apply for a loan with you.  Try contacting these people if you find yourself in this situation:  Friends: Do you have a friend that is trustworthy with money and has a stable income? Inquire if they would mind signing your loan as a favor.  Close relatives and cousins from extended family are all acceptable co-signers. Just make sure they have solid financial standing and decent credit (i.e., manageable debts and steady income).  Mentors: You can also consider finding a personal or professional mentor. Remember that they will need to know you well enough to have confidence in your financial routines.  Friends of your parents: You've probably known a couple of your parents' friends all your life. Are any of them willing to take a risk on your behalf?  Why do you need a co-applicant or co-signer?  A co-signer is essential to having the loan approved throughout the entire procedure.  Banks require some type of guarantee from borrowers that the loans won't turn into bad loans in the event of non-repayment for whatever reason. As a result, students have found it difficult to deal with the circumstance when they needed a co-applicant or co-signer.  In a scenario, where the student defaults on the loan after completing their studies, a co-signer assures that the lending agency's requirements are met and that there are reasonable prospects for the loaned amount to be recovered.  Cases where students' loan applications are denied because they lack a co-applicant or co-signer  For the processing of student loans from overseas, there are numerous channels available. The most crucial need for students to meet in order to proceed with the application for an education loan is having a co-signer.  However, this restriction is no longer a concern for students whose parents or other close family members are unable to serve as co-signer.  There are a few methods currently for processing a sizeable portion of the tuition cost through loans without needing collateral or a co-signer, so if a student doesn't have a co-signer, they shouldn't worry too much.  The granting of unco-signed, unsecured loans  Before granting a loan, banks, and NBFCs review a student's profile and take into account a number of variables. The likelihood that the loan will be approved and credited to the college's account at the time of admission or in the loan account is extremely high if a student meets the requirements established by the banks. Nonetheless, if you are a working person, the procedure may become simple, and acquiring the loan may also enhance.  The following considerations are taken into account while determining the loan amount:  The college to which applicants have been admitted.  The university belongs to the upper tier or the tiers below.  The candidate's credit history.  The sum of the scholarship received. (If any) Consult an expert advisor to get the right plan TALK TO AN EXPERT

As more and more individuals move out, earning a degree from an international institution may sound fancy and appear aspirational. Still, it has expenses, and handling them can be challenging. So, here are some potential risks and disadvantages of utilizing student loans for study abroad, along with suggestions for reducing them. Drawbacks of using abroad education loans Student loans can be useful for acquiring domestic or international studies funding. However, it might not be as simple as you believe in obtaining a student loan. Although applying for the finest student loan program is simple, getting your loan accepted might include a number of challenges. Another important consideration is the interest rate on student loans, which is frequently higher than that on other types of loans. The problems with student loan debt are not limited to these. The following are a few drawbacks of student loan debt for international study: 1. You have to start your career with debt If you rely on student loans to fund your school, you will start off in debt when you become an adult. Yes, if you have a college degree, you may be able to earn more money overall than someone who only has a high school diploma. However, depending on how much debt you take, it could be challenging for the first few years after graduation, especially if, like millions of other college grads, you require assistance finding a job that pays enough to meet your expenses. 2. Defaulting on your education loans can tank your credit score Missed payments, student loan defaults, and taking on more debt than you can manage after graduation can all have a significant negative impact on your credit score or the credit score of your co-borrower. The worst case situation is defaulting since it means you could not pay back the lender for the loan you took out. 3. Education loans might not cover all your expenses Annual borrowing limits apply to the majority of federal student loans, and some private lenders could as well. Depending on how much tuition, fees, materials, board, and lodging will cost, you might still need to look for extra sources of income to finish your degree. The potential risk of using abroad education loans Both lenders and borrowers run a substantial risk when providing student loans. Unlike other loans, student loan repayment is more unclear since it depends so much on the possibility that students will pass their courses and find employment. Students may receive negative feedback on their credit history, and lenders may suffer loan default if students don't complete the course or find employment in a timely manner. On the other hand, students are under a lot of stress, and high-interest rates may impact their ability to repay their debts on student loans. How to mitigate the risks and overcome drawbacks? When choosing the finest education loan for higher education, extensive research and comparison are required to mitigate the risks and have the least drawbacks. Compare the interest rates and repayment alternatives offered by several organizations before selecting an education loan. You could also speak with a professional. To help you save money, they can help you organize your repayment plan and negotiate a reduced interest rate. Determine how much money you need to pay for your higher education before taking an education loan. TALK TO AN EXPERT FAQs Why are student loans good? Student loans are regarded favorably since they come with extra benefits that make studying abroad manageable. When you take out a student loan, the lender provides you time (a "moratorium period") to focus on your studies and choose a job before you begin making payments on it. Other loans, such as personal loans, house loans, etc., are not eligible for this choice. Does taking out student debt make sense? Yes, student loans are helpful since they reduce the pressure of paying for your expenditures through enticing programs given by banks to study abroad and many other things. Taking out an education loan is a realistic choice because it lessens parents' load, and the repayment terms are fair. Can I get an education loan for studying abroad without collateral? Yes, student loans are beneficial since they ease the burden of covering your expenses through alluring bank programs that encourage you to do things like study abroad. Even the financial team at WeMakeScholars suggests that getting an education loan is a sensible decision because it eases the burden on parents and because the repayment conditions are reasonable. The final tip is that make sure you've done your research, decided which course of action is best for you or your child, and then finalized a sound education strategy to create a bright future!

Despite their differences, child insurance and child education plan both aim to give your child a secure future. Plans for education, as the name implies, are designed expressly for children's continual education. Short-term vs Long-term Plans  The majority of child education plans are transient, upon the maturity of the invested amount, with quarterly or yearly rewards. You can plan for the near future and reap benefits at specific points in such an arrangement. For instance, individuals who start saving for their child's education when they are in kindergarten may easily pay for the price of primary education. Similarly to this, if you start investing when your child is in the secondary stage, you will profit financially from maturity during your child's college years.  On the other hand, child insurance policies are long-term investments that parents can select for their kids. One can begin right away after birth or even before. The maturity tenure is still set in stone and protects against the hazards associated with a parent's passing.  Child education plans vs child insurance plans  Child education plans, as their name suggests, are just for paying for your child's educational expenses. The costs associated with studying at different periods of student life are covered by this straightforward and detailed plan. Any other expectation from such a policy is incorrect.  Plans for child insurance cover much more ground. The major goal of the insurance policies for your children is to give them an uninterrupted opportunity to pursue an education, regardless of whether a parent is there or not. While nothing can replace a loving parent, it would be incorrect to downplay the influence of substantial financial support. Thanks to the child's education plans, the child can continue their education without any issues even if the policyholder passes away or is unable to work due to a permanent disability.  Expensive vs. Limited Benefits  There is no denying that child education programs are constrained in their ability to provide connected advantages. It is intended exclusively for your child's education.   Child insurance plans, on the other hand, offer financial assistance that the policyholder can use any way they see fit, as long as it is for the benefit of their child. Use the maturity amounts to fund your child's education, and marriage, or to help them get off to a good start in life. The policyholder's level of creativity determines the utilization limit.  Conclusion Both child education and insurance policies offer the policyholder and the child involved clear advantages. The tenure, maturity time, and perks involved are where the differences reside. Before you begin looking, think about your circumstances or what you want from certain coverage.   Consult an expert advisor to get the right plan TALK TO AN EXPERT

Do you know that Indian students who wish to study in America have access to a variety of educational loans? Since the US is one of the most sought-after countries for Indian students looking for educational opportunities abroad, a conversation on student loans for US education is extremely pertinent. Few nations in the world provide as many advantages to higher education as the United States. Most of the best universities in the world are in the US, and the job prospects in the US after graduation are unsurpassed.  While promising, American higher education is also very expensive. One of the effective options for covering such enormously high prices is to take out student loans. You can find the best loan package for you if you conduct your research or enlist the assistance of knowledgeable loan counselors.  We will go into great detail about the various lenders, application procedures, and educational loan alternatives for Indian students who wish to study in the US in this blog.  Are student loans the best option?  An education loan gives you the readily available finances you need to achieve your goals. Even if you have savings to pay for your studies in the US, you should think about taking out an education loan because, with wise investing, you can earn more interest than you would pay for your loan.  Additionally, there are some tax advantages for student loan debt. The tax savings from an education loan over self-funding would be 4.5% under the new TCS (Tax Collection at Source) regulations. Since 1 US dollar is equivalent to more than 80 Indian rupees, this differential might be even greater for the US!  The following are a few of the top advantages of taking out a student loan to study in the US:  Personal savings are not affected.  Tax relief for student loans  Individualized loan products  Payment following graduation  Self-dependence  Unstressed study abroad in the US!  What should you look for while choosing a student loan?  Finding the best student loan is difficult. You need to consider a number of factors while picking the best lender.  When choosing the school loan program, you should consider a number of important factors, including:  Interest rates  Interdiction period  Processor charge  Prepayment fee  Fixed versus adjustable interest loans in USD and INR  Loan duration  Loan amount  What types of student loans are available in India for studying abroad in the United States?  There are two types of student loans available in India for studying in the United States:  Secured loans for education are those that include collateral. As the name implies, in order to obtain an education loan, you must offer the lender a security interest in a piece of property.  This collateral comes in two varieties:  Tangible assets such as homes, commercial real estate, and retail spaces. Such as government bonds, life insurance, and fixed deposit accounts.  Unsecured student loans are those that lack any form of security. As the name implies, you can apply for an education loan without giving the lender any collateral. However, a co-applicant is required, and that co-income applicant will play a significant role in whether the loan will be approved. Additionally, there are very few private Indian and foreign lenders that give unsecured education loans for amounts over INR 7.5 lakhs.  What categories of lenders provide Indian students with loans for US higher education?  There are four main categories of lenders who offer education loans to Indian students who wish to study in the US:  Publicly traded banks  Privately owned banks  Non-banking financial companies (NBFCs)  Worldwide lenders  Each lender and every aspect of the educational loans they provide—including the maximum amount that may be borrowed, the requirements for eligibility, the interest rates, the length of the payback period, etc.—will be covered in full.  What costs in the US are covered by student loans?  In India, there are numerous loan programs that can be used to pay for nearly any price besides tuition.  Some costs covered by the study loans include:  Amount due to the college  The cost of lodging  Examination, lab, library, and cost  Instruments, books, etc.  Building money, refundable deposit, caution deposit, etc.  Traveling costs  Insurance deductible (if applicable)  Laptop (if required)   Other costs, such as thesis and study tours.  Which Indian government bank programs give the best education loans to students who wish to study in the US?  SBI Global Ed-Vantage: State Bank of India offers student loans for the US through its Global Ed-Vantage program for Indian students. A loan between 20 lakhs and 1.5 crore is available. The loan can be taken out for a maximum of 15 years, and repayment begins six months after the course is over. You must give collateral as security in order to obtain this loan. This collateral is primarily seen as the main source of security by SBI. The profile of the co-applicant is not very significant. If you want to get SBI RiNn Raksha insurance on your loan, you can additionally receive a 0.5% interest rate discount.  Bank of Baroda Scholar: One of the best public-sector banks for international student loans is the Bank of Baroda, which offers loans to students from all over the world, including the US. The bank has preserved a variable price structure according to the student's profile, course, and country because it recognizes that every study abroad student is unique. The majority of the top institutions in BOB's list are American educational institutions. For the colleges on the list, the BOB education loan offers a 100% margin, a 12-month moratorium term, and a low interest rate.  Which of India's top private banks offers student loans for study abroad in the United States?  A few private banks in India offer loans for students who want to study in the US. The most prominent ones are:  Axis Bank: One of the biggest commercial private banks in India, Axis bank provides loans for students who want to pursue their studies in the US. Up to INR, 50 lakhs is the highest loan amount available for unsecured loans. Typically, the interest rate is between 11% and 15% per annum. For loans up to INR 4 lakhs, there is no margin money, whereas INR 4 lakhs and above have a 15% margin. There is no prepayment penalty, and the appropriate moratorium period lasts up to 12 months following the course's conclusion.  ICICI Bank: Indian students can apply for both secured and unsecured school loans from ICICI Bank to study in the United States. For secured loans, the maximum loan amount is INR 1 crore, and for unsecured loans, INR 50 lakhs. The introductory interest rate is 10.5% p.a. Up to INR 20 lakhs. There is no margin money; however, INR 20 lakhs and above have a 15% margin. There is no prepayment penalty, and the moratorium period lasts up to 6 months after the course is over.  Which NBFCs are the best at providing student loans for American universities?  HDFC Credila: The first specialized education loan provider in India is HDFC Credila Financial Services, which provides study abroad loans to more than 1000 colleges in more than 35 countries. The maximum amount for education loans from HDFC Credila without collateral is INR 50–60 lakhs. The interest rate is between 11% and 12.5% per annum. Students must pay interest during the study period, and the principal repayment process begins six months after the course is finished. There is no prepayment penalty, and the processing cost ranges from 1% to 2% of the loan amount (plus GST). A 12-year payback option is offered by HDFC Credila.  Avanse Financial Services: Avanse Financial Services provides educational loans to 1,262 universities and more than 6,000 courses in 44 different countries. The largest loan amount from Avanse that may be obtained without any collateral is INR 50 Lakhs. The interest rate is between 12.35% and 13.65% per year. Simple interest or partial interest must be paid by students during the study time, and repayment of the principal amount begins six months after the course is finished or three months after acquiring a job (whichever is earlier). There is no prepayment penalty, and the processing cost is typically 1% of the loan amount (plus GST). The maximum repayment term for Avanse student loans is 15 years.  Which leading international lenders provide loans for higher education to study in the USA?  MPOWER Financing: Education loans are available through MPOWER Financing for higher education in the US and Canada. Without a co-applicant or collateral, the education loan is available in USD and CAD. The maximum loan amount from MPOWER Financing without collateral is up to USD 1 lakh (INR 82 lakhs). For graduate courses, the interest rate is approximately 11.99%, whereas, for undergraduate courses, it is approximately 10.49. The payback period may last up to 10 years, and there is no buffer money required.  Prodigy Finance: Prodigy Finance is a UK-based financial institution that provides school loans to students based only on their academic profiles and does not require any collateral or co-applicants. Depending on the destination, the study abroad loan is available in USD and EUR. The interest rate is around 13.23% APR. The payback period may last up to 20 years, and there is no buffer money required. Six months following the course's completion, the repayment period begins. Visit Prodigy Finance Education Loan for more information.  What documentation is needed to apply for a student loan in the US?  The paperwork needed to apply for an education loan varies depending on the lender. The usual list of paperwork an applicant could require while requesting an education loan is as follows:  For the applicant  Identity proof can be provided through a valid government-issued identification card, such as a PAN, passport, driver's license, or voter ID card.  Address: A recent copy of your phone bill, electric bill, water bill, gas bill, driver's license, or Aadhaar card.  Passport Academic History: Undergraduate, 12th, and 10th Grade Results Admissions Test Score (e.g. GMAT, GRE, TOEFL, etc.)  Letter of admission is evidence of admission. Cost and expense report. Two passport-size pictures.  If there have been any prior loans from other banks or lenders, a year's worth of loan accounting statements.  3 months' worth of pay stubs if the student has employment  Co-Statement Applicant's  (PAN or Aadhar or another form of identification)  A three-month pay stub (if salaried) or business address documentation  Most recent six-month bank statements  Form 16 for 2 years and ITR for 2 years  Own home evidence (E-Bill)  Photo the size of a passport  Mother of the applicant:  A passport-size photo   Aadhar or PAN card as proof of address  Consult an expert advisor to get the right plan TALK TO AN EXPERT

The London School of Economics allows students to study in an environment that is diverse and fascinating. As a result, a number of world leaders have come from these institution halls.   LSE is ranked among the top 50 universities in the world by QS Rankings 2022. So many students want to graduate from this prestigious university.   LSE Scholarships are available to students who achieve in the classroom. A list of LSE Scholarships for Indian Students is provided on this site. To learn more, keep reading!  List of documents needed for an academic degree  A transcript of grades  English language proficiency certification  An updated resume  A statement of purpose  Letters of recommendation are required.  Financial Report  A passport photocopies  LSE Scholarships: What are they about?  The eligibility requirements and documentation needed for the Scholarships are described below:  1. Undergraduate Support Program at LSE  International students from disadvantaged backgrounds who are unable to cover their educational costs may apply for a scholarship under this program. The sum will vary based on each candidate's unique situation. Documents  Details LSE Undergraduate Scholarship Application form. The form must be properly completed in accordance with the instructions and submitted. 1 Academic Reference This document can be submitted with the application, or separately as well. Supporting Documents Depends on the information provided in the application form  2. JN Tata Scholarship Endowment The JN Tata Endowment, established in 1892 by the creator of the Tata Group, encourages young Indians to pursue higher education overseas by offering loan scholarships.  Documents  Details Statement of Purpose It should be addressed to “Trustees of the JN Tata Endowment.” It must clearly reflect the candidate's objectives and the reason(s) for selecting the particular course.  Letter of Recommendation  One LoR is required It should be either from a professor of the candidate’s college/university or the employer if the candidate was working.  3. Inlaks Foundation Scholarship  Young Indians are given Inlaks Shivdasani Scholarships to pursue full-time Master's, MPhil, and Ph.D. programs at prestigious universities in the USA, UK, and Europe.  Documents  Details Valid Passport Candidates need to submit a copy of their passports. English Language Certification If it’s necessary for their admission, candidates need to produce the required Certification before applying for the scholarship. Letters of Recommendation Two LoRs are mandatory One must be from an academic supervisor/professor.  4. Margaret Basu Scholarship  Scholarships named after Margaret Basu are given to students who are currently nationals of India. For a full-time Master's program, applicants must be conditionally or unconditionally accepted by LSE. The selection of recipients is based on both academic ability and financial necessity.  Documents Details Application for Graduate Admission at LSE It is required to submit the program application. LSE Graduate Financial Application Form This form has to be submitted via the Graduate Application Tracker. Acceptance Letter, Conditional or Unconditional, for the Selected Course of Study The proof of the candidate’s acceptance has to be submitted while applying for the scholarship.  5. Marchant Foundation LLM Scholarship  A former LSE Law Graduate's gift enabled the Marchant Foundation LLM Scholarship to be created. Indian applicants who are currently residents of India will receive priority consideration. Applicants with UK and EU fee status will only be taken into consideration if there are no appropriate Indian candidates.  Documents Details Application for Graduate Admission at LSE After adhering to the instructions, fill out the application form. LSE Graduate Financial Support Application Form This form has to be submitted through the Graduate Application Tracker.  Statement of Purpose  A solid personal statement detailing the candidate’s motivation and goals is required. Proof of Admission to the chosen course of study Proof that the candidate has been accepted into the chosen course of study is required.  6. Lady Meherbai Tata Education Trust Scholarship  Indian women can receive scholarships from the Lady Meherbai D Tata Education Trust to study overseas. Candidates must have a track record of excellence in the classroom. They must apply for admission to reputable overseas universities or obtain admission there. Candidates must have a minimum of two years of relevant job experience.  Documents Details Letter of Confirmation Proof of confirmation of acceptance needs to be submitted. Course Fee The details of the Course Fee are required. Curriculum Vitae An updated CV detailing the candidate’s educational and work experiences are required. Financial Statements The details of the candidate’s financial background are required.  7. Rajeeb Mukherjee Memorial Scholarship Due to a significant endowment, the Rajeeb Mukherjee Memorial Scholarship is given to qualified applicants from Canada, Bangladesh, and India. It would pay for the price of attending LSE.  Documents Details English Language Certification TOEFL-iBT – minimum score of 100 is required IELTS – Minimum score of 7.0 is required PTE Academic – Minimum score of 69 is required Offer of Admission Proof of acceptance to the chosen course has to be attached to the application. Academic References Letters of Recommendation from academic supervisors are required. Statement of Purpose An essay detailing the candidate’s personal goals and motivation to study the UG course has to be provided. Extra Cost Proof of any extra cost that affects the student has to be submitted. If there are medical costs involved, for instance, medical bills must be supplied. Income Certificate Income Certificates of parents/spouse/partner have to be submitted  Indian students who want to attend the London School of Economics for their higher study will benefit from the above-mentioned comprehensive list of LSE Scholarships. However, applicants are urged to verify the official website of the specific scholarship in case minor changes are introduced. Consult an expert advisor to get the right plan TALK TO AN EXPERT