EduFund Blogs

A recent survey has shown that over 7.5 lakhs Indian students went abroad last year. Amongst the top 3 destinations for Indians was the United Kingdom. The country has a top-notch educational system. But its affordability is less well known. Here are some affordable universities in the UK that you cannot miss!   Also Read: Essentials Exams for Studying Abroad After Graduation https://www.youtube.com/shorts/uIB8e2Q3d5M Cheap Universities in UK under ₹20 lakhs for Masters! Check out amazing universities that offer master's programs under ₹20 lakhs for international students. The tuition fees for these courses starts at ₹14-15 lakhs for some universities. They also offer scholarships to help you reduce the overall expense of your cost of attendance and build a career in a country like the UK! UniversityTuition Fees Starts FromUniversity of Cumbria₹14-15 lakhs/yearlyUniversity of Bolton₹16-17 lakhs/yearlyUniversity of Chester₹15-16 lakhs/yearlyUniversity of the West of Scotland₹15-16 lakhs/yearlyUniversity of Bedfordshire₹16-17/yearlyUniversity of West London₹16-17/yearlyUniversity of Wolverhampton₹16 lakhs/yearlyTeesside University₹17-18 lakhs/yearlyLeeds Beckett University₹18-19 lakhs/yearlyUniversity of Greenwich₹16-17 lakhs/ yearlyStaffordshire University₹17-18 lakhs/yearly Also Read: What is the Cost of Attendance? List of affordable institutions in the UK for foreign students 1. University of Cumbria  Founded in 2007, the University of Cumbria is a public research institution. It is in the city of Carlisle in the Northwestern part of the UK and is considered the cheapest university in the UK for a master's. It has a history of involving and welcoming students from all around the world in transdisciplinary research. The long-term objective of the institution is to provide its students with the knowledge and abilities necessary to realize their full potential and pursue rewarding jobs.  One of the low-cost universities in the UK for international students is Cumbria University. Depending on the academic level and nature of the course, different tuition rates apply. The institution offers more than 100 diverse courses.  Courses Duration Tuition Fees MBA (6 Courses) 2 Year - 5 Year GBP 12000 Engineering (2 Courses) 2 Year - 4 Year GBP 4500 Science (16 Courses) 1 Year - 4 Year GBP 10500 Arts (31 Courses) 1 Year - 6 Year GBP 7000 Law (15 Courses) 1 Year - 6 Year GBP 10500 Media Films (12 Courses) 1 Year - 6 Year GBP 9000 Hospitality & Tourism (1 Course) 4 years GBP 10500 Information Technology (IT) (1 Course) 2 years GBP 10500 Management (22 Courses) 1 Year - 4 Year GBP 9000  Affordable Universities in Canada Read More 2. University of Coventry, UK  The public institution, Coventry University, was founded in 1992. It is situated in Coventry, a city in the West Midlands region of England. A satellite campus of the institution is situated in London, and the main campus is in Coventry. As the cheapest university in London, this has become a safe haven for many international students.   About 130 bachelor's and 100 master's level courses are available at Coventry University. The number of overseas students at the university is likewise significant. Over 31% of students are international, according to statistics.  Coventry University has often been listed among the best colleges. The university is listed among the top 600 universities in the world according to the QS World University rankings. It has one of the lowest tuition costs of any prominent university in the UK. Course Intake Average International student fees MBA September, January, and May £18,600 MSc September and January £16,600 MSc with Extended Professional Practice September and January £16,700 Undergraduate Degree September and January £13,900 Undergraduate Top-up Degree September and January £13,900  Time to Invest for your child's future! 3. Staffordshire College, UK  Public university Staffordshire University offers a top-notch education. It currently provides degrees to more than 15,000 students. It has consistently ranked among the top 100 universities in the UK for a long time. For overseas students, this university offers the cheapest MBA program in the UK. Staffordshire College is one of the cheapest universities in the UK for master's as well.  Staffordshire University has a few departments and programs that rank among the top ten in the UK. It is well known for having science departments that conduct a lot of research and is highly recommended and ranked because of its work.  The psychology department  The biosciences departments  The molecular biochemistry departments  Type of course Tuition fees Staffordshire University offers on-campus undergraduate courses for the Foundation Degree, BSc, BA, BEng, LLB, and other degrees $9,250 annually 2-year accelerated degree courses £11,100 per year The placement fee for the industry-related year of a four-year sandwich program. £1,850 Tuition fee if spending the whole academic year abroad £1,385  https://www.youtube.com/shorts/sRiktJ_KLmo 4. The Bolton University, UK  A public research university, The University of Bolton was established in 1982 but only received university status in 2004. It is situated in the Greater Manchester city of Bolton. It is a prestigious higher education institution in the nation. This university is for you if you're seeking an inexpensive master's in the UK.  Special effects for film and television, visual effects for film and television, and other specialized degrees are available from the University of Bolton.  It provides a range of occupational courses in addition to the more conventional academic ones. Around 14,000 students attend, and 700 academic and professional staff members work there.  Courses Average Fees Undergraduate degree £12450 Per year Master's degree £12450-13950 Per year PhD Approx £12450 Per year  5. Trinity University of Leeds, UK  In Horsforth, England, there is a public institution called Leeds Trinity University. It was founded in 1966, and it was given full university status in 2012. The University offers high-quality courses at affordable prices while being modest in comparison to most UK universities.  In a variety of humanities and social sciences, the institution provides foundation courses, undergraduate coursework, as well as postgraduate degrees. Every year, there are more and more international students attending the university.  Leeds Trinity University is without a doubt one of the most affordable universities in the UK for foreign students. Students are given improved support and assistance in this setting, which helps them quickly feel at home.  COURSE TUITION FEES Three-year undergraduate degree course £12,000 (per year) Two-year undergraduate degree course  £12,000 (per year) MA Childhood and Education £11,500 MA Creative Writing £11,500 MA Criminology and Criminal Justice £12,500 MSc Data Science and Artificial Intelligence £12,750 MA Family Support £11,500 MA International Business £12,500 MA Journalism £12,500 LLM Law £12,500 MBA £12,500 MA Mental Health in Children and Young People £11,500 PhD, MPhil or MbR (cost per year) £12,500 MSc Project Management £12,500 MSc Psychology (conversion)  £12,500 MA Victorian Studies £11,500 Must Note: These figures are taken from the official websites and are mere reference points. Tuition fees are changed every year. Please check the official website before applying.  Also Read: Affordable Universities in Australia Conclusion  The UK is a good option for international students looking for an affordable, top-notch education. We wish you luck in your search for a decent list of reasonably priced UK schools that provide a range of degrees. You can also apply for scholarships and awards to help pay for your education. 

There are so many entrance exams for studying abroad - IELTS, TOEFL, GRE, GMAT, MCAT, GATE, and the list goes on. Do students have to appear for all these exams regardless of their course or country? NO! To avoid this common misconception, let's simplify this process and segregate the exams you should focus on for your preparation. This blog is your one-stop guide to all the exams for studying abroad after graduation! Want to learn more about studying abroad? Join our WhatsApp Community! https://www.youtube.com/watch?v=6CYroB8x7lE YouTube: EduFund The Language Requirement for Studying Abroad Before diving into specific exams, let's address the common thread: English proficiency. Most universities abroad, especially in English-speaking countries like the US, UK, Canada, and Australia, require you to demonstrate your ability to communicate effectively in their academic environment. This is usually assessed through: TOEFL (Test of English as a Foreign Language): This computer-based test by ETS assesses your reading, listening, speaking, and writing skills. A good score (ideally above 100) can significantly improve your application. IELTS (International English Language Testing System): This widely accepted test offered by IDP Education, British Council, and Cambridge Assessment English, comes in two formats – paper-based and computer-based. Similar to TOEFL, it assesses your English proficiency across four modules. There are more language tests that you can take, such as Duolingo, PTE, and C2 Proficiency, that are accepted widely across the world by top universities. However, IELTS and TOEFL are the most commonly used. It's important to check which test is the best for your application before opting for one! Additional Read: Can your child do an MBA in Canada for under 40 lakhs? Exams for Masters Abroad Now, let's delve into exams specific to your chosen program: Master's Degrees: GRE (Graduate Record Examination): For students aiming for Master's programs in various fields (excluding business), the GRE is a common requirement. This computer-based exam by ETS assesses your verbal reasoning, quantitative reasoning, analytical writing, and critical thinking skills. A strong score (ideally above 320) can make your application stand out. GMAT (Graduate Management Admission Test): If your dream is an MBA (Master of Business Administration), the GMAT is your gateway. This computer-based exam by ETS assesses your quantitative, verbal, analytical writing, integrated reasoning, and critical thinking skills. A competitive score (ideally above 700) is crucial for top business schools. Subject Tests: Some universities, particularly for STEM (Science, Technology, Engineering, and Mathematics) fields, might require GRE Subject Tests. These focus on specific disciplines like Mathematics, Physics, Chemistry, Biology, etc. Ph.D. Programs: While the aforementioned exams (GRE, GMAT) might be recommended, Ph.D. admissions often emphasize research experience, strong academic transcripts, and letters of recommendation. Some programs might have their own departmental exams. Contacting the specific program advisor is crucial. Country-Specific Considerations Here's a quick peek at some popular study destinations and their preferred exams: USA: Most universities require TOEFL/IELTS and GRE/GMAT depending on the program. Some might also recommend GRE Subject Tests. UK: Similar to the US, TOEFL/IELTS and GRE/GMAT are common requirements. Some universities might accept the LNAT (Law National Aptitude Test) for Law programs or the BMAT (Biomedical Admissions Test) for Medicine/Dentistry programs. Canada: Most universities accept TOEFL/IELTS. The GMAT might be required for business programs, while the MCAT (Medical College Admission Test) is mandatory for Medicine. Australia: TOEFL/IELTS are widely accepted. Some universities might require the GMAT for MBA programs. Important Pointers Research, Research, Research: Every university has its own admission requirements. Always check the official program website for the specific exams they require. Exam Dates & Registration: Plan your exam schedule well in advance. Registration deadlines and test dates vary, so factor this in while planning your application timeline. Preparation is Key: Don't underestimate the importance of dedicated preparation for these exams. Numerous resources, including official test prep materials, online courses, and coaching centers, are available to help you ace these tests. Start Early: Especially for competitive programs, starting your research and exam preparation well before the application deadlines is crucial. Want to save for your child’s Study Abroad Dreams? Start Investing! Beyond the Exams Remember, standardized tests are just one piece of the puzzle. A strong academic record, compelling essays highlighting your goals and motivations, and stellar letters of recommendation showcasing your potential are equally important. The Final Word Studying abroad can be a life-changing experience. Don't let the exams deter you from pursuing your academic ambitions. With the right preparation and guidance, you can crack these exams and take that exciting step towards your dream university! FAQs Which exam is best for abroad? The most common exams for abroad are IELTS and TOEFL. These are language proficiency tests used to determine your English language proficiency. There are more language proficiency exams such as Duolingo and PTE. Certain exams are for specific programs such as GRE and GMAT are for masters and MBA respectively. How can I go abroad after graduation? In order to study abroad after graduation, the first step is to determine the course you wish to study. List out all the universities and their respective eligibility criteria. Start preparing for their entrance exams (if any) and work on your SOP and LOR to create a cohesive profile!

Education can be a costly affair not only in terms of tuition fees but also the add-ons like different gadgets for students only add to your cost of living alone. Electronic gadgets form an important part of such expenses but there are some gadgets to make your student's life easier. Being informed about which gadgets serve your educational needs can be helpful in deciding if you need a laptop or a smartphone. In the long run, you don’t want to make investments you might regret later. You also want to take note of the following gadgets as expenses to consider while applying for an education loan.  Start a Goal for these Gadgets! Learn how to manage your child’s screen time on mobiles, TVs and other screens! Gadgets are essential for your child's learning, growth and development. However, its important to regulate this screening and access to gadgets, watch this video to learn the best way to give your child the best of both worlds! https://www.youtube.com/watch?v=hM54u7uCWjM Gadgets for Students Here are some essential gadgets that can make a student's life easier and enhance the learning process! 1. Smartphone or Tablet  Gone are the times when a mobile phone was solely seen as a source of distraction for students. These days a smartphone is one of the primary requirements. Be it, online classes, watching educational videos, accessing your email account, or simply surfing the internet, a smartphone is a go-to.  An alternative to smartphones is tablets which come with slightly bigger screens and better resolutions. For example, an iPad will have a higher aspect ratio than an iPhone. This means that the iPad will have more resolution and screen size than the iPhone. But it also means that an iPhone is more compact as a device as compared to an iPad. While purchasing either, you are required to make the right choice by weighing it against your requirements.   https://www.youtube.com/watch?v=tdwqQH0xkFw 2. Laptop or PC Unlike earlier, everything that can be accessed through a computer is also accessible through smartphones. However personal computers are favored over smartphones because of the experience they offer. A personal computer might comprise a monitor, CPU, keyboard, mouse, speaker, webcam, internal hard drive, and so on. Although these gadgets have to be purchased separately and can take up considerable space. But it is a good investment if you are a student because it creates a dedicated space for studying.   With laptops, the experience might not be as top-notch. Nevertheless, Macbooks are popular amongst students because of their compact design and the convenience of portability. A laptop works wirelessly and comes with a keyboard, built-in speakers, a web camera, and a touchpad in the place of a mouse. It is a brilliant investment especially if you are staying away from home for educational purposes.  3. External Hard drive  Nowadays every document you own can be saved up as a soft copy in cloud memory or your e-drive connected to your email account. This helps you take up less physical space with your studying materials. Even so, owning an external hard drive is a smart move if you want to be extra careful about preserving all of your materials.  An external drive allows you to access your documents easily without taking up much of your study space or the internal space on your device. All you have to do is connect the drive to your laptop or PC. Another attractive feature of an external hard drive is its portability.  4. Noise Cancellation Headphones  Headphones have existed as a wanted product in the market for a long time. One of the new features that have caused a terrific comeback for headphones is its noise cancellation. As the name suggests, noise-canceling headphones are meant to block out all of the external noise not only while listening to an audio clip but also during recordings or incoming and outgoing calls. The level of concentration a student can achieve is always considered a virtue that helps them excel in academics. Noise-cancellation headphones can help them attain that level of undivided attention which is also a requirement for online classes that have become the trend during the pandemic.  5. Printer  Even though many new and cool gadgets have flooded the market, printers shall never run out of fashion. If your subject or the academic course you have enrolled in requires you to get things printed regularly, going to a shop to get it done makes no sense.  Well-known brands like Epson, HP, Brother, Samsung, and Canon have introduced a range of budget printers to the market in recent years. By purchasing one of these, you would not only save up on your daily expenses but also preserve your precious time. In fact, having a printer at home can come in handy during emergency assignment submissions.   6. Electric Kettle & Emergency Lamp As a student, you might be required to pull all-nighters frequently. Even if that is not the case, staying up late might simply be part of your daily study routine. In such circumstances, gadgets that can make your life easier are electric kettles and emergency lamps.  Make yourself a cup of coffee or tea if you feel drowsy. You are no longer required to leave your study table to go to the kitchen as long as own an electric kettle. An emergency table lamp will come in handy if you are sharing your room with a fellow student or living in a dorm.   7. Kindle  Kindles will never run out of favor among students as long as academics is about gathering knowledge by reading books. A Kindle is an e-reader manufactured and sold by Amazon. One can read not only e-books but also e-magazines and other such digital content on this wireless gadget.  Call it a side effect of globalization, but nowadays students are required to keep moving from one location to another during different stages of their education. As such, a Kindle is an indispensable gadget - it is the alternative to carrying hard copies of bulky books. Moreover, it comes with cool features like a highlighting tool and sometimes a waterproof body. Dictionaries will be at your disposal while reading if you have them downloaded on your Kindle. You will not be required to carry a dictionary everywhere you go, as long as carry your books in your Kindle.    8. External Batteries & Portable Chargers   Being a student means you will require safe-to-use and convenient gadgets to charge devices like your phone, laptop, tablet, speaker, and so on. A range of portable chargers has been developed in recent years by reputed companies to make life easier. The concept of clutch batteries or chargers that are the size of a clutch or purse is becoming increasingly popular in this era of digitization.    For students who depend on rigorous online activity as part of their academic curriculum, these allow them to charge their devices wherever they are. For charging devices iPhones, special external batteries like the Ubio Labs Shadow Series have been developed which are not only easy to carry but also stunning to look at. 9. Rocketbook Everlast smart reusable notebook  Rocketbook is a digital notebook for all those who love to write over typing. It is a useful and affordable gadget for students who have trouble taking notes on their laptops and need a notebook that can be reused and even used later to add transfer notes digitally.   It’s a popular and efficient product for college students, school students and even working professionals.    10. Anti-theft laptop bag   Want to protect your expensive laptop then get an anti-theft laptop bag to ensure maximum security for your gadgets as a student. It is an affordable bag. bag rucksack and helps you protect your precious belongings at school or college from theft.    11. External hard drive  An external hard drive is a must for every student. It helps you store all your data safely. If you are a student who uses a lot of storage on your laptop for photos, videos, college projects, or freelance work – this is the right gadget for you. It helps you protect your data from a virus on your laptop or in the event your laptop breaks down.   Hard drives come in different capacities and based on that; the product has different price points.     12. Laptop tray with fans  A laptop tray is a great addition to the list of gadgets students need. It cools down your laptop and ensures your work is not hindered because of an overheating laptop or sudden shutdown because of overuse. Make you get a laptop tray the size of your laptop.   These trays are portable and let you work on your laptop without any disturbance.     13. Folding Bluetooth keyboard  A folding keyboard is great for students who do not have a laptop. You can attach it to your phone or tablet and type away your notes or do-to lists. It's lightweight, easy to carry, and connects with your laptop, phone, iPad, or tablet with ease.   It is a great alternative for students who do not have to buy a laptop but need a writing keyword to type their assignments and projects.    14. Wi-Fi range extender  The Wi-Fi range extender is a great product for students. The Internet is man’s new best friend and a student’s savior during college. Good Wi-Fi can help you with your workload. A range extender can cover your entire house or apartment, you do not have to sit in a particular corner to get the best service.    15. Portable phone charger  Student hours are long and tiring. You may not always have a battery on your phone or a plug to charge it quickly. That’s when a portable charger comes in handy, you can charge your phone while traveling, during class, or in a car.   It is a must-buy gadget for students and working professionals.   Start a Goal for these Gadgets! Conclusion Choosing the correct devices to make your student's life easier should not be a taxing chore. Make sure to devote time to saving up beforehand for each investment. Having funds dedicated to such purchases and knowing what you should purchase can make your student's life not only easier but also fulfilling. FAQs Which gadget is best for students? Here are some gadgets for students that make their lives easier: Smartphone or Tablet Laptop or PC External Hard drive Noise Cancellation Headphones Printer Electric Kettle & Emergency Lamp Kindle External Batteries & Portable Chargers Rocketbook Everlast smart reusable notebook Anti-theft laptop bag External hard drive Laptop tray with fans Folding Bluetooth keyboard Wi-Fi range extender Portable phone charger Why are gadgets useful for students? Gadgets serve many purposes; they make our lives easier, help us stay connected with the world, and make significant life decisions. From helping with homework to traveling the world, gadgets are useful, for students for education, learning, and life experiences. What are some fun gadgets? Here are some fun gadgets for students: FitbitSmartphone or TabletLaptop or PCNoise Cancellation Headphones

Australia is one of the top destinations for Indian students who wish to study abroad. Its culture, universities, language, and student policies have allowed Indians to settle there and build careers. Fun Fact: In order to study in Australia, students must have $24,505 (₹13 lakhs) in savings to apply for a student visa. This tells us that studying in Australia is not cheap, but by planning, budgeting and finding the most affordable universities in Australia, you can make your dreams a reality. However, the costs of pursuing higher education in Australia can be a major concern and barrier for many students. Let's utilize this blog and discuss the process, exams, universities, and living costs that every student should know about before planning to go abroad! https://www.youtube.com/watch?v=MwQWKYxxJ8o https://www.youtube.com/watch?v=AbYbP-HKAd8 Source: EduFund Top 10 Cheapest Universities in Australia 1. University of the Sunshine Coast Located in Queensland, the University of the Sunshine Coast is renowned for its affordable education and commitment to providing high-quality facilities. The university places a strong emphasis on practical learning and industry engagement. They offer a diverse range of undergraduate and postgraduate programs in fields like business, science, education, and health. The annual tuition fee for international students is approximately A$22,000, making it one of the most affordable options available. Moreover, the cost of living in this area is lower than in other Australian cities, further easing the financial burden on students. 2. Charles Sturt University Situated in New South Wales, Charles Sturt University is celebrated for its exceptional teaching and research facilities. With a strong focus on industry-relevant programs and practical learning experiences, the university offers a wide array of undergraduate and postgraduate programs, including business, education, and health-related disciplines. The annual tuition fee for international students is around A$24,000, making it an attractive and affordable choice for higher education. Additionally, the cost of living in this region is relatively low, providing students with a conducive and affordable living environment. Bachelors in Australia Read More 3. Federation University Australia Nestled in Victoria, Federation University Australia stands out as one of the most affordable universities in the country. The university is committed to providing quality education and offers a range of undergraduate and postgraduate programs in various fields, including business, science, education, and health. With an annual tuition fee of approximately A$25,000, international students can pursue their academic goals without breaking the bank. Moreover, the cost of living in this region is relatively affordable, making it an attractive choice for budget-conscious students. 4. Southern Cross University Situated in New South Wales, Southern Cross University is known for its excellent teaching and research facilities. The university prides itself on fostering a supportive and inclusive learning environment for its diverse student population. Offering a range of undergraduate and postgraduate programs in fields such as business, education, and health, the university provides an affordable avenue for international students to pursue higher education. With an annual tuition fee of around A$26,000, students can access quality education without incurring excessive financial burdens. Additionally, the cost of living in this region is relatively low compared to other cities, ensuring students can manage their expenses effectively. How to Finance a Child's Australian Dream? Read More 5. Victoria University Based in Melbourne, Victoria University is recognized as one of the cheapest universities in Australia for international students. The university offers a wide range of undergraduate and postgraduate programs across various disciplines, including business, science, education, and health. With a focus on industry connections and practical learning experiences, Victoria University provides students with valuable skills and knowledge for their future careers. The annual tuition fee for international students is around A$28,000, making it an affordable option. Furthermore, the cost of living in Melbourne, while higher than in some other cities, can be managed with careful budgeting. https://www.youtube.com/watch?v=Ew2MC3RCo68 6. Torrens University Situated in Adelaide, Torrens University is renowned for its excellent teaching and research facilities. The university offers a diverse range of undergraduate and postgraduate programs in fields such as business, education, and health. With a commitment to providing industry-relevant education, Torrens University equips students with the skills and knowledge necessary to thrive in their chosen careers. The annual tuition fee for international students is around A$29,000, making it an affordable option for pursuing higher education in Australia. Additionally, the cost of living in Adelaide is relatively lower than in other cities, allowing students to allocate their resources effectively. 7. Australian Catholic University Located in Sydney, the Australian Catholic University stands out as one of the cheapest universities in Australia for international students. The university offers a range of undergraduate and postgraduate programs across various fields, including business, science, education, and health. With a focus on holistic education and fostering a strong sense of community, the Australian Catholic University provides an enriching learning experience. The annual tuition fee for international students is approximately A$29,000, offering an affordable pathway to higher education. Although the cost of living in Sydney is higher than in some other cities, students can manage their expenses through careful budgeting and availing of available resources. 8. Charles Darwin University Charles Darwin University, situated in Darwin, offers outstanding education and research facilities. The university provides a diverse range of undergraduate and postgraduate programs in numerous fields, including business, education, and health. With a strong emphasis on practical learning and industry engagement, Charles Darwin University prepares students for successful careers in their respective fields. The tuition fee for international students is around A$30,000 per year, and the cost of living in Darwin is relatively lower compared to other Australian cities, allowing students to stretch their budget effectively. 9. James Cook University Situated in Queensland, James Cook University is known for its affordability and commitment to international students. With a strong focus on research and tropical expertise, the university offers a range of undergraduate and postgraduate programs across various fields, including business, science, education, and health. The annual tuition fee for international students is around A$30,000, making it an attractive option for those seeking affordable education. Moreover, the cost of living in this region is notably lower than in other cities, allowing students to manage their finances efficiently. 10. Western Sydney University Located in Sydney, Western Sydney University is recognized for its excellent teaching and research facilities. The university offers a range of undergraduate and postgraduate programs across various fields, including business, education, and health. With a strong emphasis on practical learning and industry connections, Western Sydney University equips students with valuable skills and knowledge for their future careers. The annual tuition fee for international students is around A$31,000, providing an affordable option for higher education. Furthermore, the cost of living in Western Sydney is relatively affordable, allowing students to make the most of their educational journey without compromising their financial stability. While the expenses of higher education in Australia can be a concern for several students, the universities mentioned above are some of the cheapest options in Australia, providing a wide range of programs across various disciplines. Want to save for your child's Australian Dreams? Start Investing! Affordable Universities in Australia for Undergraduate Programs By considering these options, students can choose affordable universities without compromising the quality of their education. Here are some Australian universities known for being easier on the wallet (tuition fees mentioned are yearly estimates in Indian Rupees): University of Southern Queensland (USQ): USQ offers bachelor's degrees starting around ₹3.3 Lakhs and postgraduate programs around ₹3.6 Lakhs. University of the Sunshine Coast: This university boasts bachelor's programs starting at ₹18 Lakhs and Master's programs at around ₹18 Lakhs. Edith Cowan University (ECU): ECU is known for its budget-friendly Master's programs, some starting as low as ₹13.2 Lakhs. Charles Darwin University: Explore the unique landscape of Australia while studying at Charles Darwin, with undergraduate programs starting at ₹19 Lakhs. Charles Sturt University: This university offers a good range of affordable programs, with Bachelor's degrees starting at ₹16.8 Lakhs. Education Loans are only for the RICH! Bust these Myths here! Beyond Tuition Fees: The Cost of Living in Australia While tuition fees are a significant factor, remember to factor in living expenses: Accommodation: On-campus housing or shared apartments are budget-friendly options, ranging from ₹30,000 to ₹50,000 per month. Food: Groceries and eating out can vary depending on your preferences. Expect to spend around ₹20,000 to ₹30,000 per month on food. Transport: Public transport can be expensive in major cities. Consider purchasing a student travel pass for concessions. Budget around ₹8,000 to ₹12,000 per month. Visa and Overseas Health Cover (OHC): Factor in the cost of your student visa application (around ₹14,000) and Overseas Health Cover (mandatory for international students - costs vary depending on the provider). https://www.youtube.com/watch?v=7Y0V6Z0lcJs&t=3s Planning Makes Perfect! Start researching scholarships and financial aid options well in advance to ease the financial burden. Many universities offer merit-based scholarships and work-study programs for international students. Studying in Australia can be an enriching and life-changing experience. With careful planning and these tips on affordable universities, you can turn your dream into reality! Pro Tip: If you are a young parent and you are determined to send your child abroad for higher studies, the best way to afford is to start investing now. A small SIP can help you save lakhs and reduce your child's college expenses by a huge margin! Connect with our experts if you need guidance! https://www.youtube.com/watch?v=BD_LIbnYDFQ FAQs Which university has the lowest fee in Australia? No specific university offers the lowest fees in Australia. However, you can find various courses that charge as low as ₹12 lakhs annually at some universities to study. What are some of the affordable Australian universities for Indian students? University of the Sunshine Coast (A$22,000), Charles Sturt University (A$24,000), Federation University Australia (A$25,000). What's the cost of studying at the University of Sunshine Coast, Australia? The annual tuition fee for international students is approximately A$22,000, making it one of the most affordable options available. Is studying in Australia affordable for international students? Studying in Australia is cheaper than studying in USA or UK. However, its not without its budget constraints. Average fees for courses in Australia range between ₹12 to ₹20 lakhs, and students must have $24,505 (₹13 lakhs) in savings to apply for a student visa.

Education loans have emerged as a much-needed motivation for students who want to pursue higher studies but are constrained by financial issues. Even students who could afford their higher education on their own now opt to take out student loans. This is because an education loan may enable you to maintain your own funds for unforeseen expenses, as well as enable you to receive tax benefits and raise your CIBIL score. Also Read: Tips to Get Education Loans for Abroad Studies What is the moratorium period for an education loan? The duration of a borrower's exemption from loan repayment is known as the moratorium period. Loans taken out for education are subject to this repayment holiday. All government bank education loan programs are required by the Reserve Bank of India to provide a moratorium or grace period on loan repayment. Like other loans, an education loan has an interest rate attached to it. This interest starts to accrue the first month after the student loan is approved. However, government banks are required to grant borrowers of education loans a repayment holiday. This indicates that during the designated moratorium time, students are not required to pay back the interest. It should be kept in mind that during this time, the interest is not waived but simply deferred. When loan repayment begins, students will have to pay this accrued interest (split equally). Despite the fact that each bank has its own terms and conditions, most financial institutions offer a moratorium period of one year after the completion of the program. https://www.youtube.com/watch?v=fufyFB9aMQI&t=1s How do the grace period and moratorium period differ? A grace period and a moratorium period are frequently confused in the market. It is critical to understand that a grace period is a predetermined period after payment is past due during which, the payment may be made without incurring a penalty. On the other hand, a borrower is not required to make payments during a moratorium period. Also Read: Is Collateral Compulsory for Education Loans? What are the benefits of an education loan moratorium period? Let's examine some of the benefits of the repayment holiday. With an education loan, the student will have less financial stress while they are studying. The student can focus on their academics without having to worry about money during this grace period because the bank does not impose any penalties for non-repayment. After completing the program, individuals can focus all of their efforts on finding a career that suits them within a year of graduation without having to worry about debt payback for a year. Throughout this time without repayment, the student's credit score is unaffected. During the moratorium period, the parents, who are typically co-borrowers of student loans, are not required to make any repayments. Also Read: Common mistakes when taking an education loan Is there a downside to the moratorium period? The moratorium term on student loans, like every coin, has both advantages and disadvantages. As was previously noted, the interest is delayed rather than waived during this time. As a result, it basically accumulates and the student is then required to pay it back. Due to the absence of payments during this period, the loan duration may somewhat lengthen. Some financial institutions impose simple interest throughout the study period and compound interest during the moratorium period, which raises the overall amount of interest that has accrued. Despite its many benefits, the most straightforward approach to get around the moratorium periods’ drawbacks is to begin payments as soon as you can. Perhaps, even while you're still in school with the help of a part-time job. https://www.youtube.com/watch?v=TNVvKy460dQ What is the moratorium period for the various Indian banks? Lenders have different moratorium periods. On the basis of the different types of lenders, we may broadly divide this period. The moratorium of various lenders is as follows: Public-sector Banks: Government banks often have a moratorium period of the course period plus six months. During this moratorium, there are no payments that students are required to make. Private-sector Banks: In private banks, the moratorium term is often the course period plus 12 months. However, throughout this moratorium time, the borrower must pay a certain sum of simple interest. After the moratorium period, installments beginning with a portion of the principal amount will be made. NBFCs: Typically, an NBFC's moratorium period is equal to the course period plus an additional 12 months. However, during this moratorium time, the borrower must pay a simple interest sum or some partial interest (determined and disclosed throughout the loan process). After the moratorium period, installments that include some of the principal amounts begin. https://www.youtube.com/shorts/uPGJr3BiXpI Conclusion A moratorium period is a great way to reduce the pressure of repayment on a student while studying. It's crucial to remember that this time period does not come with interest. As a result, the interest charged on the remaining balance of an education loan will be lower the earlier a student begins loan repayment. If there is any confusion regarding these financial issues or if any information or guidance is required, our team of financial advisors is constantly available for you. FAQs How many months is the moratorium period? It is usually 6 months to one year, depending on the candidate's profile and the bank's moratorium criteria. Is moratorium period good or bad? The moratorium period is a period of relief for the student and their parents. It allows them to figure out a way to repay the loan and gives the student enough time to become an earning member of the society. This period is not interest free so it is recommended that the student starts making some repayments towards their interest so that they are not burdened when the moratorium period ends. Is interest paid during moratorium period? Yes, interest is charged during moratorium period and the student can repay it as well. However, they are not obligated to pay interest during this period. Can I pay my education loan during the moratorium period? You can pay interest on your education loan during the moratorium period. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Planning for college abroad can be exciting, but navigating the financial aspects can be daunting. One crucial term you'll encounter is the cost of attendance. This term refers to the entire cost of studying at a university; it includes tuition, living expenses, books, food, accommodation and other necessary costs that a student may encounter while at college. Let's do a deep dive and understand what the cost of attendance is, what it includes and how the cost of attendance is calculated. https://www.youtube.com/watch?v=-OQXP2yMDpc&t=15s What is the Cost of Attendance? The COA is the estimated total cost of attending a college or university for one academic year. It considers tuition fees as well as living expenses like accommodation, food, books, and miscellaneous costs. Think of it as a college's budget blueprint for a typical student. Use the College Cost Calculator to Find Out the Cost of Attendance for Any University! What's included in the Cost of Attendance? The core components of the cost of attendance are similar across countries, but there might be slight variations. Here's a breakdown: Direct Costs: These are fees paid directly to the institution. They include: Tuition and fees: This is the core academic cost, varying significantly based on the program and college. Housing: On-campus residence halls or dorms come with a fixed fee. Meal Plans: Many colleges offer meal plans for on-campus dining, with varying costs depending on the meal frequency. Indirect Costs: These are estimated expenses for student needs beyond the college. They include: Books and Supplies: Textbooks, notebooks, and course-specific materials. Transportation: Commuting costs (buses, passes) or personal vehicle expenses (fuel, insurance). Personal Expenses: Laundry, toiletries, phone plans, entertainment, etc. https://www.youtube.com/shorts/Dhe2ezcmKJw Example of US University and its Cost of Attendance Let's consider New York University (NYU) amongst USA universities. Their undergraduate COA for the 2023-2024 academic year is around $83,280. This includes: Direct Costs: Tuition and fees: $58,328 Room and board (on-campus): $24,952 Indirect Costs: Books and supplies: $1,800 Transportation: $1,200 Personal expenses: $7,000 (estimated) https://www.youtube.com/shorts/RtYVjahqGuk Example of UK University and its Cost of Attendance The UK system has tuition fees set by the government, with some variation between UK universities. For instance, University College London (UCL) estimates a COA of £29,000 (approx. ₹33.8 lakh) for international undergraduates in 2023-2024. This includes: Tuition fees: Around £19,000 (approx. ₹22.3 lakh) Living expenses: This can vary depending on location and lifestyle, but UCL estimates around £10,000 (approx. ₹11.7 lakh) for accommodation, food, and other costs. Read on: Study in UK under ₹20 lakhs yearly! Example of Canadian University and its Cost of Attendance Universities in Canada generally have lower tuition fees compared to the US. The University of Toronto estimates a COA of CA$30,000 (approx. ₹1.7 lakh) for international undergraduates in 2023-2024. This includes: Tuition fees: Around CA$20,000-25,000 (approx. ₹1.15-1.45 lakh) depending on the program. Living expenses: Around CA$10,000 (approx. ₹58,000) for accommodation, food, and other costs. https://www.youtube.com/shorts/nyV0rwJu-7c Key Differences to Consider Government Support: The US has minimal government support for undergraduate education, leading to higher tuition fees. The UK and Canada have a mix of government funding and tuition fees, resulting in a generally lower COA. Living Expenses: The cost of living in major cities like New York can significantly inflate the US COA compared to smaller towns in Canada or the UK. Consult an Expert FAQs Is the COA negotiable?  Generally not. However, some colleges might offer merit-based scholarships or need-based financial aid that can reduce your overall cost. Can the actual cost be different from the COA? Yes. Your spending habits can affect indirect costs. You might find cheaper housing options or save on transportation. How do I find the COA for a specific college?  Most colleges prominently display the COA on their website's financial aid section. Is studying abroad always more expensive than in India?  Not necessarily. The COA can vary depending on the college, program, and lifestyle choices. Does the cost of attendance change every year? Yes, cost of attendance increases every year as the cost of studying rises. Due to inflation and high demand for universities across the world, the cost of attendance for most universities goes up by 3-4% annually. How do you calculate the total cost of attendance? The cost of attendance is a sum of all your education expenses at an university/college. It includes tuition fees, living expenses, books, transportation and other activities a student may be required to undertake. The best way to calculate is to use the EduFund College Cost Calculator. You can find out the average cost of attendance for any university and compare it with other universities to make the right choice!

Choosing the right time to enroll your child in nursery school is a decision that many Indian parents grapple with. While some may opt for an early start to foster socialization and early learning, others may prefer to wait until their child is more emotionally and developmentally ready. In this blog, we'll explore the factors to consider when determining the best age to start nursery school in the Indian context, helping parents make an informed decision for their child's educational journey. Also Read: Financial Checklist for New Parents in India Early Learning: Benefits and Considerations Starting nursery school at a younger age, typically around 2 to 3 years old, offers several potential benefits for children. Early exposure to structured learning environments can stimulate cognitive development, language skills, and socialization. Additionally, nursery school provides opportunities for children to interact with peers, develop essential social skills, and learn through play-based activities. However, parents should consider their child's readiness for separation from caregivers and ability to adapt to a new environment before enrolling them in nursery school at a young age. Also Read: Raising Confident Learners: A Guide to Positive Parenting Readiness Indicators: Signs Your Child is Ready for Nursery School While age can be a helpful guideline, every child develops at their own pace, and readiness for nursery school varies from child to child. Look for signs of emotional and developmental readiness, such as: Social Skills: Is your child comfortable interacting with other children and adults? Do they exhibit basic sharing, turn-taking, and cooperative play skills? Independence: Can your child complete simple tasks independently, such as using the toilet, dressing themselves, and following basic instructions? Communication: Does your child demonstrate language skills, such as speaking in simple sentences, understanding simple instructions, and expressing their needs and emotions? Curiosity and Interest: Is your child curious about the world around them and eager to explore new experiences and activities? Also Read: 5 investment plans every parent should have Cultural and Regional Factors In India, cultural and regional factors may also influence the age at which children start nursery school. Some parents may prioritize early education to give their child a head start academically, while others may value a more relaxed approach to early childhood education. Additionally, considerations such as family dynamics, parental work schedules, and availability of quality nursery schools in the area can impact the decision-making process. Must Read: Advice for First-year College Students – Given by Parents Finding the Right Balance Ultimately, the best age to start nursery school for your child depends on a combination of factors, including their individual readiness, family preferences, and cultural context. While early exposure to structured learning environments can be beneficial for some children, others may benefit from a more gradual transition or a later start. As parents, it's essential to trust your instincts, observe your child's cues, and choose an approach that aligns with your family's values and goals. Nursery is the best time to invest too! If your child is ready for nursery, they are also ready for an education fund for themselves. Once your child turns 2-3, its time to start thinking about education planning and saving for their higher education, especially college. The best way to saving for college is to invest via mutual funds. Mutual funds allow you to invest monthly, which means by the time your child is off to college, they will have a healthy education fund to pay for their college. Start investing ₹5000 monthly and watch your child's savings grow as they grow! Conclusion Deciding when to start nursery school is a significant milestone for both parents and children. By considering factors such as readiness indicators, cultural influences, and individual preferences, Indian parents can make informed decisions about the best age to enrol their child in nursery school. Whether opting for an early start or a more gradual approach, the key is to prioritize your child's well-being, development, and happiness as they embark on their educational journey. Join our robust WhatsApp Community that helps parents invest! FAQs What is the perfect age for nursery? Starting nursery school at a younger age, typically around 2 to 3 years old, offers several potential benefits for children. Is 1 year old too early for nursery? Yes, one year is early to start nursery. It is benefit to enroll your child when she/he turns 2 or 3 years of age. Do babies benefit from nursery? A nursery is a great place for babies to learn and interact with the world. Its a stimulating environment, peer interaction, and activities engage children in a meaningful and impactful manner.

Getting an education loan can be daunting. There are too many documents, terms, conditions, and requirements that you need to know about before starting the process. An education loan can be processed in 3 days or 30 days; the approval depends on the student profile and the strength of the application! Let's answer all the questions related to education loan processing, how to strengthen your application, the best way to apply for an education loan, and when you should start applying to get your loan in time! What is an Education Loan? An education loan is a financial tool provided by banks and NBFCs (Non-Banking Financial Companies) to help students fund their higher education. An education loan covers a number of expenses incurred by a student, including tuition fees, hostel expenses, books, and other education-related costs. The Best Time to Apply for an Education Loan Ideally, you should start the application process well before your course begins. This allows ample time for research, document collection, and loan approval. Aim to apply at least six months before your university's fee payment deadline. How Much Time Does it Take to Get an Education Loan in India? The processing time for an education loan in India can vary depending on several factors but generally falls within the range of 1-4 weeks. Here's a breakdown: Document Collection: Gathering all the required documents like admission letter, mark sheets, income proofs etc. can take 1-2 weeks. Bank Processing: Once submitted, the bank verifies your documents and assesses your eligibility. This can take 1-2 weeks depending on the bank's internal procedures. Loan Approval & Disbursement: Upon approval, the loan is sanctioned, and the funds are disbursed to the university or student account. This can take a few days. Obstacles Students Encounter Incomplete Documentation: Missing or improper documents can lead to delays. Ensure you have everything the bank requires. Low Credit Score (Co-applicant): If you rely on a co-applicant (parent/guardian), their credit score plays a role. A low score can impact approval. Complex Application Process: Navigating the loan application process can be overwhelming. Avoid these Common Mistakes when getting an Education Loan How Can You Start the Loan Process? EduFund can simplify your loan journey! We connect you with the best banks for your profile, negotiate the most favourable interest rates, and expedite the approval process. With EduFund, you can potentially get your loan approved in just 72 hours. Facts to Remember Before Applying Shop around: Compare interest rates and terms offered by different banks. Choose the right loan amount: Don't borrow more than you need. Understand repayment terms: Be clear on the repayment schedule and interest calculation. Consider government schemes: Explore government scholarship and subsidy programs for education loans. 10 Reasons To Study in USA FAQs Can I get an education loan within 5 days? Yes, you can get an education loan within 5 days. Banks and experts like EduFund can help you secure an education loan in 72 hours. A good loan expert can help you perfect your application, connect you with the most suitable bank or loan provider and expedite the process to save time and effort. How many days does it take for an education loan to be approved in an Indian bank? Many factors influence how fast an education loan is approved. Some banks along with the loan experts can help you get an education loan approval and sanction letter within in 3 days. The average approval cycle is 5-7 days. Once you have the sanction letter, the disbursement process begins. Can I get 60 lakh education loan? Yes, you can get an education loan worth ₹60 lakhs or above as unsecured and secured. An education loan can be the key to unlocking your academic aspirations. By planning ahead, collecting the necessary documents, and potentially leveraging EduFund's services, you can streamline the loan process and secure the funds you need to focus on your studies. Remember, a little planning goes a long way in securing your educational dreams!

As a 12th grader, you are ready to go from high school to either further study or the workforce, standing at the beginning of a new chapter in your life. This crucial period is a great chance for you to increase your knowledge and learn new abilities that will help you later on.  We'll look at some of the best free courses for 12th graders in this blog article, covering anything from academic subjects to practical skills, enabling you to expand your horizons and make the most of your final year. https://www.youtube.com/watch?v=tdwqQH0xkFw After completing their formal education, students can enroll in a variety of courses to expand their education and develop their talents before or during graduation. A charge must be paid in order to receive a certificate after completing some of these courses, which are free to attend. Here is a list of some of the most well-liked free online courses with credentials after the 12th grade. Top free courses for every 12th grader As a 12th grader, you are ready to go from high school to either further study or the workforce, standing at the beginning of a new chapter in your life. This crucial period is a great chance for you to increase your knowledge and learn new abilities that will help you later on.  We'll look at some of the best free courses for 12th graders in this blog article, covering anything from academic subjects to practical skills, enabling you to expand your horizons and make the most of your final year. 1. Computer Science and Programming Skills in computer science and programming are highly sought-after in today's technologically advanced society. Learning the fundamentals of computer science and programming languages may provide you with a solid foundation, regardless of whether you want to work in the fields of software development, data analysis, or any other technology-related sector.  Numerous free computer science courses are available online through resources like Coursera, edX, and Codecademy, covering topics including web development, data science, algorithms, and beginning programming languages like Python.  These classes can provide you with a competitive edge in the job market by fostering logical thinking, problem-solving abilities, and the capacity to construct your own apps. 2. Foreign Language Studies Not only can learning a foreign language improve your awareness of other cultures, but it also expands your options for employment. Being bilingual is an advantage whether you want to travel, work abroad, or engage with different cultures. Free language education in several languages is available on websites like Duolingo, Babbel, and Open Culture.  These courses provide interactive lessons, vocabulary practice, and cultural insights. Whether you decide to learn Mandarin, Spanish, French, or any other language, devoting time to language study may improve your cognitive capabilities, communication skills, and perspective on the world. 3. Personal Finance and Entrepreneurship Understanding personal finance and entrepreneurship can empower you to make informed financial decisions and explore entrepreneurial endeavors. Courses on financial literacy cover topics like budgeting, investing, credit management, and financial planning, equipping you with skills to manage your personal finances responsibly.  On the other hand, courses on entrepreneurship introduce you to the basics of starting and running a business, including ideation, market research, branding, and financial modeling.  Online platforms like Khan Academy, Udemy, and Alison offer free courses on personal finance and entrepreneurship, giving you the knowledge and confidence to navigate the business world. 4. Critical Thinking and Problem-Solving  Critical thinking and problem-solving skills are essential in almost every aspect of life. These skills enable you to analyze information, evaluate different perspectives, and make informed decisions. Online courses in critical thinking and problem-solving enhance your ability to think critically, reason logically, and approach challenges creatively.  Platforms like FutureLearn, Udacity, and LinkedIn Learning offer free courses on critical thinking, problem-solving, and decision-making techniques, helping you become a more effective and adaptable problem solver. 5. Psychology and Mental Health Understanding mental health and well-being is vital in the fast-paced world of today. You may gain an understanding of human behavior, emotions, and the elements that contribute to general well-being by taking psychology and mental health courses.  You may improve your self-awareness, empathy, and communication abilities by taking these courses. Free courses in psychology and mental health are available online from institutions like Coursera, OpenLearn, and Yale University.  These courses cover subjects including cognitive psychology, positive psychology, and stress management. Your personal development, relationships, and potential occupations that entail interactions with others can all benefit from gaining knowledge in this area. Growing Cost of Online Courses for School Kids Read More Free online courses after class 12th Here is a list of some of the most well-liked free online courses with credentials after the 12th grade: Free Online Courses After Class 12th Science Course NamePaid or FreeOnline Platform Certificate of CompletionCS50’s Introduction to Computer ScienceFree(Access to Complete Course Content)edX Learning Provided (Paid for Certificate) Python For Everybody Specialization Free(Access to Complete Course Content)Coursera Provided (Paid for Certification)Stanford Introduction to Food and HealthFree(Access to Complete Course Content)CourseraProvided (Paid for Certification)Machine Learning Free(Access to Complete Course Content)CourseraProvided (Paid for Certification) Cybersecurity for EveryoneFree(Access to Complete Course Content)CourseraProvided (Paid for Certificate) Free Online Courses After Class 12th HumanitiesCourse NamePaid or FreeOnline Platform Certificate of CompletionModern Masterpieces of World LiteratureFree(Access to Complete Course Content)edX Learning Provided (Paid for Certificate) Creative Writing Specialization Free(Access to Complete Course Content)Coursera Provided (Paid for Certification)Philosophy and Critical ThinkingFree(Access to Complete Course Content)CourseraProvided (Paid for Certification)English for Career DevelopmentFree(Access to Complete Course Content)CourseraProvided (Paid for Certification) Social PsychologyFree(Access to Complete Course Content)CourseraProvided (Paid for Certificate) Free Online Courses After Class 12th Commerce and Management Course NamePaid or FreeOnline Platform Certificate of CompletionFundamentals of Market StructureFree(Access to Complete Course Content)edX LearningProvided (Paid for Certificate) Google Digital Marketing and e-Commerce Free(Access to Complete Course Content)Coursera, GoogleProvided (Paid for Certification)Business Foundations Free(Access to Complete Course Content)edX LearningProvided (Paid for Certification)Digital Marketing Free(Access to Complete Course Content)Google Digital GarageProvided Financial MarketsFree(Access to Complete Course Content)CourseraProvided (Paid for Certificate) As you approach the end of your high school journey, investing time in expanding your knowledge and acquiring new skills can be a valuable asset in your personal and professional life. The courses mentioned above are just a few examples of the countless free resources available online. By enrolling in these courses, you can explore your interests, gain valuable knowledge, and demonstrate your commitment to continuous learning. Whether you choose to study computer science, foreign languages, personal finance, critical thinking, or psychology, each course offers unique benefits that can shape your future trajectory.

Education loans lessen the financial burden but applying for the loan at the right time can be tricky. Let’s ask some pertinent questions like what is the best time to apply for an education loan? When to apply for an education loan? How many months does it take to process a loan? Can you apply for an education loan before admission? Can you take an education loan after admission? Read to know the answers!  https://www.youtube.com/watch?v=9fEVPssqEfo&t=228s What is the right time to start your education loan process? The best time to start your loan application process for studying abroad is 6 months in advance. For instance, if you are aiming for the fall intake, then your loan application process should start in March or April. This gives you ample time and opportunity to select the right lender and negotiate the right interest and terms to get the perfect education loan for your profile. Education loans are an extremely important responsibility, and ensuring a thorough analysis of every step with the right experts can save you lakhs of rupees in the future. Start Early: Research and Planning Applying for an education loan should ideally begin well in advance to allow ample time for research and planning. Here are some essential considerations during this stage: Explore Different Loan Options Research various loan providers, including banks, credit unions, and government-backed loan programs. Compare interest rates, repayment terms, and any additional benefits or incentives different lenders offer. Thoroughly understanding the available options will help you make an informed decision. Understand Loan Terms and Conditions Carefully review the terms and conditions of different loan options. Pay attention to aspects such as interest rates, repayment periods, grace periods, and any potential penalties or fees associated with the loan. Ensure you fully comprehend the financial obligations before committing to any loan agreement. Evaluate Your Financial Needs Assess your financial requirements by estimating the total cost of your education, including tuition fees, accommodation, textbooks, and other associated expenses. Determine the funding you need and consider the loan amount you are comfortable borrowing to cover these costs. https://www.youtube.com/watch?v=mW0VH10uH9I Also Read: What is the Cost of Attendance? When to apply for an education loan? There are two ways to approach this, you can start your loan application after receiving the admission letter or before you start admissions. Indian banks and financial lending bodies offer both options to a candidate.  Applying after getting an admission letter is easier. Banks have the reassurance that the candidate has been selected and is off to a recognized university. It makes the loan process easier for both parties involved.  Applying before getting an admission letter can be tricky. Some colleges ask for financial proof from their applicants before extending an admission letter. In such a case, banks can issue a condition education loan sanction based on the candidate's profile and help them satisfy their college requirements.  The best time to apply for an education loan varies based on the candidate’s profile. Many universities understand the financial quotient involved and offer financial aid in the form of scholarships and grants to students. After receiving the admission letter, students can start the process of finding the best financial aid to support them throughout their college years. Consider your college application timeline Your college application timeline plays a crucial role when applying for an education loan. Here's what you should keep in mind: Understand Admission Deadlines Be aware of the admission deadlines for your desired colleges. Ensure you have sufficient time to complete the loan application process and receive the necessary funds before the tuition payment deadlines set by the educational institution. Research Financial Aid Opportunities Before applying for an education loan, explore other financial aid options such as scholarships, grants, and work-study programs. These sources can potentially reduce the amount you need to borrow. Exhausting all avenues of free or low-cost financial aid before turning to loans is essential. Consider Early Decision or Early Action If you have decided to apply through Early Decision or Early Action admission programs, initiating the education loan application process earlier is advisable. This will ensure you have your loan arrangements before the admission decisions are announced. Applying for the Education Loan Once you have completed your research and finalized your college plans, it's time to initiate the education loan application process. Here are some critical steps to follow: Gather Required Documents Different lenders may have varying document requirements, but standard documents include proof of identity, income, an admission offer letter from the college, academic transcripts, and relevant financial statements. Collect these documents beforehand to expedite the loan application process. Start the Application Process Contact the loan provider or visit their website to begin the application process. Fill out the required forms, providing accurate and complete information. Be prepared to give details about your chosen course, college, expected expenses, and repayment plans. Seek Expert Guidance If you find the loan application process overwhelming or have specific concerns, consider contacting a financial aid advisor or a representative from the loan provider. They can guide you through the application process, answer your questions, and help ensure a smooth loan application experience. https://www.youtube.com/watch?v=4gTQkdePOWM Timing considerations While starting the loan application process early is crucial, timing is also essential in terms of disbursal and repayment. Consider the following factors: Disbursal Timing Some loan providers disburse the loan amount directly to the educational institution, while others may provide it to the borrower. Be aware of the expected disbursal timeline to ensure the funds are available to cover tuition fees and other expenses. Loan Repayment Understand the grace period before loan repayment begins. This is the period after graduation or leaving school when you are not required to repay loans. Evaluate your post-graduation plans and financial situation to ensure that you can comfortably begin repaying the loan when the grace period ends. Applying for an education loan is a significant step in financing your higher education. Starting the process early, conducting thorough research, understanding loan terms, and considering your college application timeline are essential for a successful loan application experience. By following these guidelines, you can make informed decisions and secure the necessary funding to pursue your academic goals. FAQs What is the right time to apply for an education loan? The right time to apply for an education loan is 6 months prior to the start your term. For instance, if you are a student applying for the fall 2024 intake, the right time to start the loan application would be March -April. This timeline gives you ample of opportunity to shop for the right interest rate, secure your loan and even provide proof of funds to the admission office to get your offer letter. Can I apply for an education loan without an offer letter? Yes, students can apply for an education loan without an offer letter. Lenders do consider your test scores and even university application acknowledgement. So start the application 6 months in advance to avoid any hassles at the end. My university requires proof of funds for the offer letter, but I don't have enough savings. What should I do? If you are applying abroad for your master's, then you are likely to submit proof of funds to get the offer letter. In order to get the offer letter, you can start your loan application and get a loan sanction that serves as a proof of funds for your university's admission requirements. TALK TO OUR EXPERTS

Inflation is one of the root causes of price hikes in the education sector. The essential needs of students like uniforms, textbooks, tuition fees, school shoes, and transportation costs have become so expensive that it is slowly becoming impossible for a common man to afford his child’s education.  “How does inflation affect education?” is one of the common queries of every household all over the world. Although education is considered a child’s right, in reality, it is a luxury not all can afford. Currently, the education inflation is at 10 – 12 percent and parents are finding it impossible to meet the growing fee structure and associated educational costs. The above-normal rate makes it difficult for parents to educate their children at primary, secondary, and especially higher levels. How does inflation affect education? The impact of inflation on education can be understood with the help of the following parameters- 1. Daily essentials Students have a limited budget, most of which, is spent on daily essentials like food, personal care, drinks, travel expenses, etc. When a major chunk of money is already spent on essentials, it becomes difficult for them to meet education expenses, which are already skyrocketing.  The reason why education inflation is rising in India Read More 2. Housing expenses Do you think only daily essentials are major expenses? Think again. Housing cost in every city is equally expensive. Students try to find the cheapest hostel or guest house where they can live as paying guests but the costs keep on adding to the total budget. Inflation affects education as the priority of common people is to meet housing costs instead of educational expenses. 3. Health expenses in order to live frugally and manage their expenses, many times, students do not have the money to eat three balanced meals, daily. In the majority of cases, a hostel or PG Life does not provide good quality food and this harms their health. Thus, inflation increases health expenses and makes it difficult for students to meet their education costs easily. Factors responsible for Education Inflation? Read More 4. Standard of living Inflation is dangerous as it directly impacts the standard of living.  The rise in the prices of goods decreases the purchasing power of the people. Something that cost 100 rupees a few months ago now costs 180 or 200 rs. This rise in price causes fewer goods and services to be purchased. In such circumstances, the purchasing power gradually decreases, the value of goods increases, and ultimately the real value of the currency is at a loss. Inflation thus decreases the standard of living, and parents belonging to lower and middle-income groups become unable to bear the cost of educating their children as the monthly allowance that they pay to their kids doesn’t make up for the price hikes. 5. Tuition fees Private colleges charge inflated fees as they promise education, as well as, placement in good companies. The tuition fees at such places are too high for an ordinary person and this is why it is believed that only rich people can afford to find entry into engineering, medicine, or another high-profile degree-course college. But, this is not the case. Especially, if you have planned well for your child’s education in advance. The EduFund App helps you calculate the cost of your child’s education, plan, and then save for it, that too with the help of saving experts. 6. Price of textbooks  Students need textbooks to study but their prices keep on increasing year after year. The publishers blame the paper producers, who in turn, blame the increasing input costs for the price hike. The impact of high textbook prices is harming the education industry as there is a gradual drop in the net enrolment rate (NER).  It is still affordable in India to some extent, especially for non-professional courses. However, if you are planning to send your child to a foreign country like the US, the books alone may charge you way over Rs 10 lakhs! Does Education Inflation impact Student Loan interest rates? READ MORE 7. Educational budgets Inflation has a direct impact on education budgets and the salaries of school employees as authorities have to make cuts on various expenses. The need for higher income encourages teachers and other support staff to look for temporary high-paying alternatives. This step ultimately harms the quality of education, more often than not in govt. schools.   8. Inefficient education savings In India, it is very common for parents to save for their child’s education through FDs (Fixed Deposits). Although this is a safe option, the return rates on FDs usually cannot keep up with the rate of education. As a result, they eventually fail to help finance your child’s education.  9. Education loans Children who want to pursue higher degree courses have to take educational loans. Inflation makes it difficult to repay these loans at the earliest opportunity. Join our robust WhatsApp Community that helps parents invest! Consider the educational loans on the EduFund App because it is available at low-interest rates and there are no hidden charges to hurt your pockets further.  FAQs How does inflation impact education? Inflation's impact on education is profound. The CPI is currently at 5.4 percent for 2023-2024, education inflation is at 10 percent. This means that the cost of education expenses is rapidly increasing and at a faster pace than CPI in the economy. What is the meaning of education inflation? Education inflation in India refers to the rising cost of education, including tuition fees, related expenses, and the overall financial burden on individuals and families seeking education. This concept is similar to the more general term "inflation," which refers to the increase in the prices of goods and services over time. In the context of education in India, the term "education inflation" is often used to describe the trend of rapidly increasing costs associated with obtaining quality education, from primary school to higher education. How can we keep up with the rising education costs? The best way to keep up with rising education costs is to start investing early on. If you are planning a family and then investing in your child;'s school and college expenses should be on the top of your list. You can start with a SIP in a good mutual fund and update your investments every year to beat high college fees. Another option is to consider US investments like stocks and ETFs. Conclusion Inflation is a global phenomenon, the impact of which, can be seen at every stage in a student’s life - from primary to higher education. The burning issue of inflation hinders the growth of children as fewer parents can afford to send their children to schools, colleges, or universities.  By this time, you have understood how inflation affects education, but the primary concern remains - how can parents still defy inflation and save for their child’s education? The experts associated with the EduFund App provide ample help in building a portfolio for your child’s education fund. It will consider the rising inflation and then chalk out a plan accordingly.

The cost of education rises by a larger margin than what the government data tells you. And what makes inflation in the education sector in India worse are the innumerable hidden charges. These hidden charges can push the education budget up for parents. Rising inflation in the education sector can have severe repercussions for those on the lower end of the economic spectrum.  The education inflation rate in India was 3.34 percent in September 2021. However, it has increased to 5.68 percent in the corresponding month of 2022. And with pandemic waves ebbing, there are chances that the education inflation rate will increase steadily. Education inflation poses great risks to every parent and student. It can disrupt the dreams of a  bright future for your child.  And if you are a financially unprepared parent, the risks of education inflation can be more serious for you. Want to learn more about studying abroad? Join our WhatsApp Community! Impact of education inflation on hidden costs of education  1. Increasing tuition fees in educational institutes Tuition fees in Indian colleges and schools have seen an enormous rise over the last few years. Do you know that inflation in the education sector of India is one of the major reasons why many students drop out of college midway? It is becoming increasingly obvious that the education sector in India needs proper planning. Many middle-class families usually struggle to meet ends after enrolling their children in higher education institutes. Guide to Education Inflation Read More 2. Transportation is becoming expensive  With the drastic increase in fuel prices, the cost of transportation is worrying students. Nowadays, a majority of students travel to school by bus. The rising transportation cost is a hidden cost in education inflation.  Unless parents become aware of the transportation costs, it can severely affect them, financially. Apart from fuel-driven vehicles, the overall fares of trains and subway metros have witnessed a rapid surge. Note that this rise in fares is here to stay. Hence, planning your finances properly is the best way to manage your child’s education.  The reason why education inflation is rising in India Read More 3. School uniforms are becoming expensive  For the parents of school-going children, it’s these simple things that are making them anxious. Uniforms are an integral part of schools. Furthermore, many schools have strict regulations on how their students will wear uniforms.  And almost every year, you have to replace the school uniforms, which include shoes, socks, and other accessories.   It is also important to mention the rising cost of school supplies like bags and notebooks. School supplies are not a one-time investment. You have to buy them every year which makes the situation complicated. https://www.youtube.com/shorts/jjXF-KC9iWI 4. A surge in the cost of books  Nowadays, most schools and educational institutes have fixed rules for buying books from them only. But, even if you purchase books from outside, you’ll have to pay more compared to earlier times.  The failure of the authorities to control the prices of the books depicts the sordid state of affairs. Like school supplies, you have to procure books for your child every year while they are in school. https://www.youtube.com/shorts/xqK0y2VdFR4 5. The rising cost of education in foreign countries  If you envision foreign education for your child, be prepared to spend a huge amount on your child’s entry into the best universities.  The average cost of pursuing a degree in the US rose by 497 percent between 1986 and 2018. Even after the pandemic, most colleges overseas have increased their tuition fees. Note that foreign universities charge additional fees for international students.  Factors responsible for education inflation rate in India Read More 6. The constant rise in the price of flight tickets  Flight tickets are becoming costlier day by day. The Oil Marketing Companies, also abbreviated as OMCs, have raised ATF (Aviation Turbine Fuel) prices by 16.3 percent in all major cities of India. This latest hike in ATF prices along with the depreciation of the rupee has made airliners increase their fares. 7. Student visas cost more than you may think Nowadays, student visas cost more than you can imagine. There are various categories of student visas and you should be aware of each of them to make it easy for your child 8. Living expenses With the rise in the prices of essential commodities worldwide, living expenses are touching record figures. The impact of education inflation on hidden costs of education can be ascertained with the rise in living expenses.  If you are sending your child abroad, it is crucial to be prepared financially. This is because living expenses abroad can severely affect your child’s educational prospects.   Unfortunately, inflation in the education sector of India is here to stay. Unless you prepare sensibly and start saving, you may have to compromise on the quality of education. You can avoid financial stress by saving and investing early. Investing in mutual funds and other financial instruments is the most ideal way to counter education inflation. How to beat education inflation? https://www.youtube.com/shorts/jPHG8h87Dzo YouTube: EduFund Join our robust WhatsApp Community that helps parents invest! FAQs How does inflation affect students? Inflation affects all costs and services. Whether it's the price of lemons or education, inflation is the reason for an increase in the prices of goods and services. It affects students just like any other customer by increasing the cost of education, tuition fees, transport, living expenses, books, research facilities, etc. What is the cost of education in India? The average person ends up spending as much as Rs 36 lakh - Rs 38 lakh raising a child from birth to 21 years of age. A bulk of this cost goes towards education in India. What is inflation in the education sector of India? Inflation affects education by increasing the cost of studying overall and its hidden costs like buying books, living expenses for international students, uniforms, transportation, entrance exam fees, etc. What causes education inflation in India? There are several reasons that cause education inflation, such as government funding cuts, higher cost of living, tuition fees, administration costs, security, modern school infrastructure, and technological advancements. What is the rate of inflation in the education sector of India? The education inflation rate in India was 3.34 percent in September 2021. However, it has increased to 5.68 percent in the corresponding month of 2022. Why are tuition fees rising? The average cost of pursuing a degree in the US rose by 497 percent between 1986 and 2018. Tuition fees are rising due to high inflation, a growing demand for foreign education as well as a lack of governmental intervention, and presence of private bodies in the education sector.

Before enrolling at an IIM, students need to know about the cost of studying in IIMs beforehand to take appropriate steps to arrange the college fees. As education inflation has reached its peak, the cost of educational expenses is also on the higher side. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses.  The flagship program of IIM is the MBA or Master of Business Administration program, which is offered as a one-year global MBA program or a two-year Postgraduate Program in Management (PGP).  Create Education Goal to Study in IIM Average Cost of Studying in IIMs There are several IIMs in India, the prominent three being IIM Ahmedabad, IIM Bangalore, and IIM Calcutta also referred to as IIM-A, IIM-B, and IIM-C, respectively. The MBA fee structure of all the IIMs varies between INR 16 Lakh and INR 27 Lakh.  The IIM MBA fees for the top three institutes are the highest and range between INR 24 Lakhs and INR 27 Lakhs, and for newly opened institutes, the fee varies between INR 16 Lakhs to INR 19 Lakhs.  There is a distinct difference between the fee structure of older and newly built IIMs because the new IIMs are financially backed by the government, unlike the older ones, which bear the maintenance and other expenses by themselves. Components of MBA Fees: IIM Fee Structure The IIM fee structure includes Tuition fees Traveling expenses Boarding fees Personal expenses Library fees Cost of Eating in the Mess  Internet expenses Cost of books and course materials Computer/laptop cost Study tours Alum activity Miscellaneous expenses Students can pay the total fees at one go or opt for a semester-wise payment schedule, whichever they find comfortable. Cost of studying in Top 10 IIMs IIM CampusTotal Tuition FeesIIM AhmedabadINR 24.61 lakhIIM BangaloreINR 24.50 lakhIIM CalcuttaINR 25.00 lakhIIM LucknowINR 20.70 lakhIIM KozhikodeINR 20.50 lakhIIM RaipurINR 16.10 lakh (excluding boarding fees)IIM UdaipurINR 19.00 lakhIIM RohtakINR 17.60 lakhVisakhapatnamINR 17.58 lakhIIM TrichyINR 19.5 lakh An overview of the top 3 IIMs  1. IIM Ahmedabad  IIM Ahmedabad is the country's most popular and most expensive IIM, offering Business & Management Studies. The institute offers several facilities like a hostel, library, cafeteria, labs, gym, music room, wi-fi campus, auditorium, medical facilities, sports complex, and a/c classroom.  The total tuition fee structure for the different courses is. CourseTotal Tuition FeesDurationMBA/PGDM (3 courses – 50 seats)INR 12 lakh - INR 24.61 lakhFor 16 months – 2 yearsExecutive MBA/PGDM (1 course – 140 seats)INR 31.5 Lakh 1 yearMMS (1 course)INR 20 lakh2 yearsCertificate (2 courses – 60 seats)INR 1.57 lakh4 – 6 months 2. IIM Bangalore Established in 1973 with NIRF ranking two and a 100-acre campus area, the IIM fee structure covers fees for personal accident insurance and medical insurance besides the regular fee structure offered by almost all the IIMs. Statistics of Bangalore placement 2022 show that 137 companies visited the campus and made 662 offers. The median and average package offered was INR 31.20 lakh per annum and INR 33.82 lakh per annum, respectively. CourseTotal Tuition FeesDurationMBA/PGDM (4 courses – 635 seats)INR 12.5 - INR 24.5 lakh1 year – 2 yearsCertificate (79 courses)INR 65 k – INR 17.75 lakh2 days – 15 monthsExecutive MBA/PGDM (1 course – 75 seats)INR 23 lakh1-year 3. IIM Calcutta IIM Calcutta ranked 3rd under the NIRF rankings and was the first to be established under IIM legacy. According to the available statistics for 2022, the placement percentage of the institute last year was 100%, as 190+ companies visited the campus, and 631 offers were made to the students.  CourseTotal Tuition FeesDurationMBA/PGDM (3 courses)INR 23.2 lakh – INR 25 lakh2 yearsExecutive MBA/PGDM (2 courses)INR 13.5 lakh to 31 lakh1 yearCertificate (35 courses)INR 2.5 lakh – 12.89 lakh6 months – 1 year Balance the Books by Comparing the Cost of IIMs! An elite collection of management schools in India known as the Indian Institutes of Management (IIMs) are renowned for their demanding academic curricula and superior management education. In India, there are 20 IIMs, each with special qualities and advantages. Here are the IIMs available in India: IIMLocationAnnual Fee for PGP (Latest Available)IIM AhmedabadAhmedabad, GujaratApproximately INR 30 lakhsIIM BangaloreBangalore, KarnatakaApproximately INR 24 lakhsIIM CalcuttaKolkata, West BengalApproximately INR 31 lakhsIIM LucknowLucknow, Uttar PradeshApproximately INR 19 lakhsIIM KozhikodeKozhikode, KeralaApproximately INR 19.5 lakhsIIM IndoreIndore, Madhya PradeshApproximately INR 20 lakhsIIM ShillongShillong, MeghalayaApproximately INR 14.3 lakhsIIM RohtakRohtak, HaryanaApproximately INR 16.9 lakhsIIM RanchiRanchi, JharkhandApproximately INR 16.3 lakhsIIM TrichyTiruchirappalli, Tamil NaduApproximately INR 19.5 lakhsIIM KashipurKashipur, UttarakhandApproximately INR 17.3 lakhsIIM UdaipurUdaipur, RajasthanApproximately INR 20.4 lakhsIIM RaipurRaipur, ChhattisgarhApproximately INR 16.5 lakhsIIM NagpurNagpur, MaharashtraApproximately INR 18 lakhsIIM VisakhapatnamVisakhapatnam, Andhra PradeshApproximately INR 18.2 lakhsIIM Bodh GayaBodh Gaya, BiharApproximately INR 15.5 lakhsIIM AmritsarAmritsar, PunjabApproximately INR 17 lakhsIIM SirmaurSirmaur, Himachal PradeshApproximately INR 11.75 lakhsIIM SambalpurSambalpur, OdishaApproximately INR 13 lakhsIIM JammuJammu, Jammu and KashmirApproximately INR 17 lakhs Let’s have a look at the Top 10 IIMs with their Annual Fee. Remember, IIMs often provide scholarships and financial assistance to eligible students based on various criteria, so prospective applicants are encouraged to check the most up-to-date fee structures and financial aid options on the respective IIMs' official websites. Fees for Indians and foreign Nationals at IIMs 1. IIM Ahmedabad One of India's top business schools is IIM Ahmedabad. The PGP (Post Graduate Programme) and PGP-FABM (Post Graduate Programme in Food and Agribusiness Management) are only two of the postgraduate programs it provides. The annual cost of the PGP program is around INR 30 lakhs for Indian citizens and USD 85,000 for foreign students. 2. IIM Bangalore Another esteemed IIM, IIM Bangalore is renowned for its demanding academic programs. The PGP, PGPEM (Post Graduate Programme in Enterprise Management), and PGPPM (Post Graduate Programme in Public Policy and Management) are all programs offered by the institute. The annual cost of the PGP program is around INR 24 lakhs for Indian citizens and USD 85,000 for foreign students. 3. IIM Kolkata One of the original IIMs, IIM Calcutta is well known for its management programmes. It provides a variety of management courses, including the PGDM (Post Graduate Diploma in Management). For Indian citizens and overseas students, the average yearly cost of the PGDM program is roughly INR 31 lakhs and USD 92,500, respectively. 4. IIM Lucknow The academic offerings and research initiatives of IIM Lucknow are renowned for their variety. It offers courses including PGP, WMP (Working Managers Programme), and IPMX (International Programme in Management for Executives). The yearly cost of the PGP program is around INR 19.25 lakhs (for Indian citizens) and USD 63,500 (for students from other countries). 5. Kozhikode IIM The unique programs and instructional strategies used at IIM Kozhikode are well-known. It provides the PGP, EPGP (Executive Post Graduate Programme), and PGP-BL (Post Graduate Programme in Business Leadership). The yearly cost of the PGP program is around INR 19.50 lakhs (for Indian citizens) and USD 60,000 (for students from other countries). https://www.youtube.com/shorts/SRkKqX7IQF4 6. IIM Raipur One of the most recent IIMs, IIM Raipur, is rapidly rising to prominence. It offers the Executive Fellow Programme in Management (EFPM) and PGP. For Indian nationals, the PGP program's annual cost is around INR 16.5 lakhs. 7. IIM Udaipur The picturesque campus and management programs of IIM Udaipur are well-known. The PGP and PGPX (Post Graduate Programme for Executives) are available there. For Indian nationals, the PGP program's annual cost is around INR 20.4 lakhs. 8. IIM Rohtak The IIM Rohtak is renowned for its dedication to top-notch management education. It offers the Post Graduate Programme (PGP), Integrated Programme in Management (IPM), and Executive Post Graduate Programme (EPGPX). For Indian nationals, the PGP program's annual cost is around INR 16.90 lakhs. 9. IIM Visakhapatnam IIM Visakhapatnam, one of the most recent IIMs, is expanding quickly. The PGP and FPM (Fellow Programme in Management) are available. For Indian nationals, the PGP program's annual cost is around INR 18.20 lakhs. 10. Tiruchirappalli's IIM Trichy The management programs and emphasis on research at IIM Trichy are well-known. Both the PGP and FPM are offered. For Indian nationals, the PGP program's annual cost is around INR 19.50 lakhs. Join our robust WhatsApp Community to get updates on Ed-loans! FAQs Which is the cheapest IIM? The cheapest IIM is IIM Sirmaur with its PGP course charging 11 lakhs per annum. Why IIM fee is high? IIM fees are high because their private bodies fund their institute primarily through tuition fees. They off highly popular because of their brilliant ROIs and advance programmes. The institutes offer quality education for MBA courses that are extremely sought after. It is one of the hardest universities to get admission to due to the rigorous admission process and intense competition. What are IIMs? The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India. The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses