August 8, 2022

Will a scholarship be enough for my child’s fees in the UK?

Will a scholarship be enough for my child's fees in the UK

With some of the best universities in the world and strong employment prospects, the UK is a popular destination for students all over the globe.

But studying at a university as an international student can be seriously costly often topping ₹1 crore for the duration of the course, including tuition fees and living expenses; the majority of students will need financial help from somewhere to make it work.

So, where can you or your child go to get this financial support? Can international students get a student loan? Will a scholarship be enough for your child’s fees in the UK? Can it cover living expenses and accommodation?

Where can you find financial aid to study in the United Kingdom?

There are plenty of funding choices available, from taking on a loan to applying for scholarships to cover the tuition fees in the UK for your child or saving in advance to fund their UK dream. Let’s look at some financially viable options:

1. Scholarships

Scholarships for international students are one of the main sources of funding for students seeking to study abroad. But it’s a renowned fact that the higher your child’s academic standing, the bigger the scholarship they have the chance to get. 

You need to make sure if your child or you want(s) them to study from a particular university for an undergraduate program, you look for their scholarships beforehand and be prepared to put the effort into having the academic standing it requires for scholarships. 

There are many scholarships, but with varying eligibility criteria and competition, they can be extremely tough to navigate. 

2. Study Abroad Programs

An exchange or study abroad program may be a more economical option for international students looking to attend university in the UK.

This would entail applying to a university in your own home country and spending a semester or year studying in the UK.

These are short-term courses that are cost-efficient and sometimes sponsored by the universities so that students only have to pay a portion of the expenses.

Before applying, research specific universities to see if they have any collaborations with universities in the UK.

3. Student Loans

As an international student, there would be some educational loans available in your country for them that you might want to look into.

There are over 100 banks and financial institutions in India that provide loans for students to help them cover the costs of tuition and living expenses abroad.

You can browse through different loan plans by different banks or consult an expert to filter out the best loans based on your child’s needs! 

scholarship be enough for my child's fees in the UK
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How to get a scholarship to study in the UK

There are loads of scholarships for international students in the UK up for grabs. This is great news, but it’s important to exercise caution as they are competitive and have very stringent eligibility criteria.

Additionally, most of them are for postgraduate degrees rather than undergraduate ones. The easiest way to find out is to check the specific universities you want to send your child to and see if they offer undergraduate scholarships, bursaries, and fee exemptions.

You can also consult education experts who can find your child the best scholarships for their university or course. 

However, there are really no guarantees, and you should always consider what you’ll do if you don’t succeed. Most scholarship applications consist of an application form.

While others may require a written assignment or test, as well as an interview round.

Additional read: How to plan for child master’s in the UK?

Are scholarships enough?

Now, let’s be realistic, the majority of scholarships need an outstanding academic performance in the previous qualifications, and only a few children will be able to do that as schools are very competitive.

That brings us to the fact that scholarships cannot be the only option to cover tuition fees. So students either have to take loans or use savings to pay for college.

The total amount of studying at a university in the UK about 18 years from now would be over ₹1.5 crores, and that is a huge amount to save.

One way to do that is to start saving more than ₹60,000 every month, apart from other expenses, for 18 years till your child comes of an age to go to college. 

The other is to invest in Mutual Funds, US stocks, etc, according to a proper market study of the returns. This is the most unexplored and underrated way to pay for your child’s future education needs.

By investing small amounts of money every month in a disciplined manner, you can secure their education dreams are completed.  

Hence, looking for scholarships has no downside, as there are chances that you can find one that suits your child, but it shouldn’t be the only option.

You should consider other financial options to support your child’s education, including saving and investing in mutual funds via SIPs, fixed deposits, equities, etc.

Consult an expert advisor to get the right plan for you
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    Aditya Birla Scholarship

    Aditya Birla Scholarship

    The Aditya Birla Group is one of India's leading multinational corporations, with a diverse range of businesses including cement, metals, telecommunications, and financial services. As a part of their corporate social responsibility initiative, the Aditya Birla Group offers scholarships to deserving students who are in need of financial assistance to pursue higher education. Who can apply for the Aditya Birla Scholarship? The Aditya Birla Scholarship is available to students pursuing undergraduate and postgraduate studies in India. The scholarship is awarded based on academic merit, financial need, and overall personal characteristics and achievements. The scholarship is awarded for a period of one academic year and is renewable for a second year based on the student's academic performance. What are the eligibility criteria for Aditya Birla Scholarship? To be eligible for the Aditya Birla Scholarship, students must be Indian citizens and should have secured admission to a recognized university or college in India.  They should also have a good academic record, with a minimum aggregate of 60% in their last examination. In addition, students should come from economically and socially disadvantaged backgrounds and should have a demonstrated need for financial assistance to pursue their studies. What are the expenses covered by the Aditya Birla Scholarship? The scholarship provides financial assistance to cover expenses such as tuition fees, hostel fees, and other miscellaneous expenses. The amount of the scholarship varies depending on the student's individual needs and the cost of their education. How to apply for the scholarship? To apply for the Aditya Birla Scholarship, students must fill out an application form, which is available on the Aditya Birla Group website. They must also submit relevant documents such as their academic transcripts, proof of admission to a recognized university or college, and proof of financial need. The application process for the Aditya Birla Scholarship is competitive and rigorous, with a panel of experts from the Aditya Birla Group reviewing each application. The panel considers factors such as the student's academic record, personal characteristics, and financial needs before making a decision. The Aditya Birla Scholarship is a valuable opportunity for students in India who are in need of financial assistance to pursue higher education. It provides financial assistance to cover the costs of education and enables students to focus on their studies without worrying about financial constraints. The scholarship also allows recipients to develop the skills and knowledge necessary to succeed in their chosen field and make a positive impact in their communities. The Aditya Birla Group is committed to promoting education and empowering individuals to reach their full potential. Through the Aditya Birla Scholarship, the group is helping to create a brighter future for deserving students in India. Tips on how to apply for the scholarship! In addition to the basic eligibility criteria and application process, there are a few other key points to keep in mind about the Aditya Birla Scholarship: The scholarship is available to students pursuing a wide range of courses, including engineering, medicine, science, commerce, and arts. However, preference is given to students pursuing courses in science and technology. Students who are already receiving financial assistance from other sources are not eligible to apply for the Aditya Birla Scholarship. Along with the application form and required documents, students must also submit a personal statement outlining their academic and career goals, as well as their reasons for applying for the scholarship. The selection process for the Aditya Birla Scholarship is highly competitive, with only a limited number of scholarships awarded each year. Therefore, it is important for students to make sure that their application is as strong as possible. In addition to financial assistance, the Aditya Birla Scholarship also provides recipients with mentoring and career guidance to help them succeed in their studies and future careers. Recipients of the Aditya Birla Scholarship are also expected to participate in community service activities as part of the scholarship program. The scholarship is a great way for students to get support from the Aditya Birla Group, one of India's leading multinational corporations. This can open up opportunities for internships, networking, and future employment with the group. The Aditya Birla Scholarship is an excellent opportunity for deserving students in India who are in need of financial assistance to pursue higher education. The scholarship provides not only financial support but also mentoring and career guidance to help recipients succeed in their studies and future careers.  In summary, the Aditya Birla scholarship is a merit and need-based scholarship for Indian students pursuing undergraduate and postgraduate studies in India. The scholarship is awarded for a period of one academic year and is renewable for a second year based on academic performance. The applicants are selected based on their academic record, personal characteristics, and financial need through a competitive application process. The scholarship is an initiative of Aditya Birla Group as a part of their corporate social responsibility and it is a great opportunity for financially challenged students to pursue higher education. Consult an expert advisor to get the right plan TALK TO AN EXPERT
    Difference between Scholarships vs Bursaries. All you need to know

    Difference between Scholarships vs Bursaries. All you need to know

    Scholarships and Bursaries are financial awards offered to students interested in pursuing their education. Various guidelines and conditions are attached to their application which makes them both similar and dissimilar to each other.  In this article, before discussing the differences between scholarships vs bursaries, let us go through the definition of a bursary and scholarship to get a clearer picture of them.  What are Scholarships? Scholarships are non-repayable financial assistance offered to students to encourage talent. It can be both merit and need-based and is usually offered to a specific category of students. Scholarships are also country-based and are offered to students who want to study abroad in specific countries.  Scholarships cover educational costs (like tuition fees), and costs of living (like maintenance, accommodation, transportation, etc).  What are Bursaries? Bursaries are financial aids offered by colleges, universities, foundations, or governments to students for their education. These are meant for students who belong to low-income households and are unable to meet their educational expenses. Bursaries are need-based and not merit-based. It covers the living costs of the student in a specific year. Additional read: Savings vs Investment Key differences between Scholarships vs Bursaries The key differences between scholarships vs bursaries based on various parameters are as follows- 1. Financial status The financial status of a student is not necessarily taken into consideration while awarding the scholarships, whereas the opposite is true for a bursary as it is given to students facing financial difficulties in paying their education fees.  2. Purpose The purpose of the scholarship is to provide financial aid to students who are gifted in terms of talent or an area of expertise so that the funds can promote their education. The purpose of offering bursaries, on the other hand, is to offer financial support or monetary funds to students who are unable to pay their education fees.  Thus, the purpose of scholarships is to boost skills and bursaries are to avoid financial struggles.  3. Types There are different types of scholarships like merit-based scholarships, talent-based scholarships, and merit-cum-need based scholarships whereas bursaries are only need-based financial supports. 4. The offering Party The scholarships and bursaries are offered by schools, universities, governments, or third parties like a foundation. In the case of scholarships, the third party is usually interested in promoting talent, whereas, in the case of bursaries, it is to help the recipient avoid financial problems.  5. Offered to Scholarships are based on the academic performance of the student or achievements in specific categories like music, sports, etc., or based on need. Bursaries are offered only based on need so that the students can pay the education fees and continue with their studies.  6. Area of consideration The main area of consideration while awarding scholarships is the merit and skills of the student whereas the financial status is the primary area of consideration while offering a bursary.  7. Paying back Scholarships are non-refundable awards offered to students with exceptional talent. If the student does not agree to the terms and conditions of the offered scholarship then he has to pay back the money at a later period.  Some bursaries claim a specific percentage of the offered fund once the student gets a job and starts earning. If the student cannot complete the education or has to leave it midway he will have to pay back a specific percentage of the offered bursary that he has received for that specific year.  8. Related conditions Specific conditions are attached to both scholarships and bursaries and the students have to follow them at all costs. When the student is offered a bursary, he has to agree to work for the offering party for a specific time.  The primary condition of a scholarship is that the student will have to maintain exemplary grades. Only sometimes does the scholarship require the student to work for the organization offering the scholarship.  9. Benefits The benefits offered under scholarships vs bursaries vary to a great extent. Scholarship often covers the entire or a part of tuition fees along with a discount on maintenance costs, transport expenses, and cost of books. Bursaries on the other hand offer monetary aid to cover education expenses and sometimes include one-off payments for meeting living costs.  The education cost calculator on the Edufund App helps to get an estimate of the future education so that the student can know the scholarship or bursary amount that will be sufficient to meet his requirements.   Conclusion Knowing about the differences between scholarships vs bursaries helps students to understand which type of aid will prove beneficial for meeting their specific needs. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT
    Grants vs Scholarships. All you need to know

    Grants vs Scholarships. All you need to know

    People often consider grants and scholarships as synonyms because both provide financial aid. They help students to pursue their studies without the hassle of paying fees.   But there is a thin line that distinguishes grants and scholarships. A scholarship is only awarded to students, whereas grants are given to students, professionals, or research scientists. Both scholarships and grants are not student loans and do not have to be paid back in ordinary circumstances. Instead, these are financial help that encourages people to reduce debt, minimize work problems, promote research, and realize their dreams without any financial burden. Although both come under monetary help and are equally popular, it becomes crucial to have in-depth knowledge about them.  Grants vs Scholarships A grant is a financial award from a government, foundation, or company to another company or an individual for a specific goal or to encourage better performance. Scholarships are also defined as financial awards, but an organization offers government or a college/university only to students to pay for their degree courses as tuition and related fees. Need vs Merit Grants are need-based as they are awarded to deserving people who do not have the funds to fulfill their purpose. Scholarships are merit-based and need-based and go to students who cannot continue their studies because they lack adequate funds and have shown exceptional excellence or outstanding performance in their fields. 1. Purpose The purpose of grants and scholarships is different as the former is to fulfill a specific purpose which can be educational, research, or even to start a business. In contrast, the latter is meant only for educational purposes and is given to students who excel in sports, academics, or extracurricular activities. 2. Recipients  The grants and scholarships differ from each other as grants can be conferred to any individual, entity, non-profit organization, educational institution, or organization working towards a specific purpose. Scholarships are given only to students for excellence in their academic, athletic, or artistic abilities. 3. Source of funding The source of funding for grants and scholarships is both similar and different. Grants funding can be derived from non-profit organizations, colleges, and state governments. Scholarship funding is derived from various organizations and institutions. 4. Performance Grants and scholarships share a level of similarity. They require their recipients to live up to a certain standard, but the level of performance may vary. Grants are not purely based on performance, while scholarships depend on performance. Most scholarships may be withdrawn if students fail to keep up their academic performance. Depending on the type of scholarship, every student must participate and maintain a level of excellence.   5. Eligibility  Grant eligibility is based on financial need, whereas scholarship is flexible. It can be need-based, merit-based or given to a specific community. Eligibility for a grant like the Federal Pell Grant is based on EFC, whereas the New York TAP Grants and Cal Grants establish their eligibility on income cutoff. The eligibility for scholarships is dependent upon a student’s GPA or high school grade point average, class rank, and test scores from the admission tests. Additional read: 5 degrees that offer better ROI abroad than in India Requirements and Restrictions The specific requirements and restrictions between scholarships and grants vary greatly as eligibility to receive grants ranges from one grant program to another. Some scholarships have maintenance and eligibility requirements and conditions similar to the grants, whereas others might require maintaining a minimum GPA to renew their scholarships. Both grants and scholarships are good options for people requiring financial assistance. If your child is going to pursue research-driven courses like a PhD, then grants can be beneficial, while for a master's, they can opt for scholarships. Start preparing your child for their dreams, financially and academically!  Consult an expert advisor to get the right plan TALK TO AN EXPERT
    How to sponsor a child's education?

    How to sponsor a child's education?

    Recent statistics state that 32 million children up to the age of 13 have never attended any school in India, and 47 million secondary and higher secondary students drop out because of domestic and financial reasons.  Education can open new doors of opportunities so that children can leave their life of poverty behind and step into a better and enriched life.  Bright children seek education, and one of the best ways to fulfill their dreams is through sponsorship. To know how to sponsor a child’s education, then you must go through this blog. What is a sponsorship? Sponsorship in the context of a child’s education refers to a program that allows an individual, a group, or a business entity to offer monetary contributions so that the money donated can help in educating the child. How much does a sponsorship cost? The cost of sponsoring a child’s education fluctuates from INR 1,000 per month to INR 3,000 per month. The amount varies from donor to donor and organization to organization. If the sponsor wants to pay only for the tuition fees, then they can do so, but if they want to pay for related expenses, there is also a provision for that.  Payments can be made every month or as a lump sum amount for a year. What does the beneficiary get? Financial aid and associated benefits of most sponsorship programs concerning a child’s education cover-  School expenses like tuition fees, lab fees, uniforms, textbooks, and stationery (pen, pencil, rubber, geometry box and sharpener, etc.).Nutritious and balanced meals.Medical screenings and health care to ensure physical and mental well-being.Learning vocational skills.Facilitating extra-curricular activities. Connect children with teachers and mentors.An opportunity to learn and practice literacy skills.Teaching activities that will help in sharpening income-generating skills. Additional read: Best sip plan for child's future Sponsoring a child’s education 1. Select a verified organization You can sponsor a child’s education in India by selecting a verified and genuine organization. These organizations are often constrained by a lack of monetary resources as the number of needy children far exceeds the support options. Numerous non-profit organizations in India have set up the required infrastructure to help children in getting the education they deserve. Some of them have the backing of government agencies, and some are dependent upon business entities for funds.  2. Get the required information You can call the NGOs directly on the phone, email them or conduct an in-person meeting to gather the related information. Ask about the program, how many children they support, what amenities they provide and how you can make a difference. Ask about the sponsorship amount and what it will entail. Will the organization provide only the tuition fees, or will the amount include related expenses? You can also speak about your budget and what benefits it can offer to the child.  3. Select a child Some people believe in creating a personal bond with a child and if you are one of them, then ask the NGO about the children that need education. Select a child and form a connection by speaking with them and making sure both emotional needs and financial needs are met.  When the sponsor becomes personally involved with a child, then they can ask the organization to send periodic reports of the sponsored child to know how the child is faring. They can also visit or write to the child periodically to maintain the bond.  4. Sponsor a child online If you are not interested in creating a one-on-one bond and just want to donate the money as a charitable contribution for income tax purposes, then you can donate online on the NGO site.  The government encourages its well-off citizens to contribute to the education of children who do not have the necessary funds to get admitted to schools and colleges. Donations related to the sponsorship program are eligible for a 50% tax exemption under Section 80 G (5) of the Income Tax Act 1961.  Thus, sponsorship acts as a two-fold beneficial tool. It will provide education to needy children and help the sponsor to claim exemption during the income tax filing.  5. No refund or cancellation Charitable organizations generally do not allow refunds or cancellations of donations by any donor. Hence be sure before making a payment. Conclusion By now, you must have come to know how to sponsor a child’s education effectively. The sponsorship program can create a positive impact on the life of a student who just needs an opportunity to break the cycle of poverty and improve their living conditions. Consult an expert advisor to get the right plan TALK TO AN EXPERT
    Indian scholarships to study abroad

    Indian scholarships to study abroad

    Do you intend to study abroad and are an Indian student? There are many financial avenues to achieve this goal. Here are 7 Indian government scholarships that help Indian students turn their dream of studying abroad into a reality.  Indian government provides financial aid to Indian students who want to pursue their aspirations of studying abroad. Some well-known Indian government scholarships for studying abroad are given below. Let's start!  1. Fullbright-Nehru master’s scholarships  The Fulbright- Nehru Master’s Fellowships can be claimed by talented and determined Indian scholars with applicable work experience. These scholars need to display significant rates of leadership, in addition to work experience and academic qualifications.  It's a merit-grounded and need-grounded program offered by the United States- India Educational Foundation. Please note that the quantum is variable and can be renewed yearly.  Coverage of accident and sickness costs as per the United States government guidelines. also, this education also funds the round-trip frugality class chow.  scholars who have completed a degree fellow to the United States bachelorette’s degree are eligible to admit this education. This includes the completion of a four-time bachelorette’s program, master’s program, or postgraduate parchment. 2. Great Wall Program  Learn about The Great Wall Program if you're interested in pursuing higher education in China. You can achieve it with the help of this scholarship.  You should be aware of a few things regarding this government scholarship for studying abroad. Among them are:  First, this scholarship will cover the cost of tuition, a regular stipend, health insurance, and housing.  Second, applicants for this scholarship must be under 45 years old and have a bachelor's, master's, or comparable degree.  Last but not least, UNESCO created this government scholarship program for academics and students looking for financial support to study and conduct research in China. 3. The JN Tata Endowment Scholarship  If you want to pursue a degree at a global university, you are eligible for this government award for students.  Depending on whether the student meets the eligibility requirements, the scholarship amount may range from INR 1,000,000 to INR 10,000,000.  A gift scholarship worth INR 75,000 can also be suggested for students. Based on the student's academic standing at their university, gift scholarships may be given. However, you must pay back the scholarship money in equal payments of 20%. Repayment can start if you're a resident between both the third and seventh years of your stay. You will have to start paying back the government scholarship money if you start working before your third year.  4. Aga Khan Foundation International Scholarship Program  Students have a wonderful opportunity to study at institutions in Portugal, France, the United Kingdom, Canada, and the United States thanks to the Aga Khan Foundation Scholarships. As a result, it is among the most sought-after government scholarships offered by India for international study.   Even so, when applying for this govt full scholarship oversea, there are some points to bear in mind. Students who apply for this award will receive a 50/50 loan and grant. Most applicants for the master's programs are given preference. However, you might need to look into other scholarship options for short-term programs like certifications and postgraduate degrees.  The demonstration of continuous intellectual effort and achievement is one of the qualifying criteria for this scholarship program.  5. Lady Meherbai D Tata Education Trust Scholarship  The Lady Meherbai D Tata Education Trust Scholarship stands out since it is designed exclusively for Indian women. Students now have a great chance to continue their academic education at an academic institution abroad.  If you're planning to qualify for this scholarship, read the following information. This scholarship can be used for Masters-level courses in places including the United States, the United Kingdom, and Europe.  You should have at least two years of professional experience in your chosen industry.  Proof of financial status is another crucial document needed to be eligible for this government scholarship Consult an expert advisor to get the right plan TALK TO AN EXPERT
    Is commonwealth scholarship enough to study in the UK?

    Is commonwealth scholarship enough to study in the UK?

    The intense education inflation and extremely higher fee structure leave little room for pursuing a higher degree course abroad at one’s expense. Students with genius brains cannot put their intellect to use due to the lack of appropriate funds.  At such times the Commonwealth Scholarship sponsored by Commonwealth Scholarship Commission (CSC) is a blessing in disguise for brilliant minds as it provides a much-deserved opportunity to boost their academic brilliance and skills. What is a Commonwealth scholarship? The Commonwealth Scholarship is a program initiated by the British government that provides fully-funded scholarships to deserving students residing within the Commonwealth countries. The scholarship program is funded by the UK Foreign, Commonwealth, and Development Office to attract talented individuals to UK universities and support sustainable development.   The Commonwealth Scholarship program is open to 800 students each year. The number keeps on increasing every year so that the CSC can make constructive changes on the global stage. Additional read: Questions to ask before sending a child to UK? Who can apply for a Commonwealth scholarship? A permanent resident or a citizen of a Commonwealth country. A refugee or a British-protected person. Students with an undergraduate honors degree of at least upper second class. Students applying for the Ph.D. program must have a Master’s degree. There is no minimum age for applying but the maximum age limit is 40 years.  For the academic year 2023, the CSC is accepting online applications from students of all majors. It has launched varied programs for both the Master's degree and Ph.D. levels for the students to choose from. How can you apply for the Commonwealth scholarship in the UK? The Commonwealth Scholarship Commission does not accept a direct application hence students can apply through the nominating bodies. These include government, non-governmental bodies, and charitable institutions.  Students have to visit the MHRD website and then the ECAS portal and apply to both before the stipulated deadlines. Additional read: Can your child do an MBA within 25 lakhs? List of documents required for the Commonwealth Scholarship in the UK Proof of citizenship. If the applicant is a refugee then the document that proves the refugee status. A full transcript with details of higher education qualifications. References of two persons should be submitted by the referee in the online application system. Supporting statement from the proposed supervisor in the UK.  Scan copy of the passport. A concise CV/resume Time to apply for Commonwealth scholarship 2023 The process for receiving applications is open between October to December and students should start checking on the official website even before the tentative dates.  Numerous programs under the Commonwealth Scholarships 2023 are open for applicants throughout the year hence interested students can log in to the website and find the timings for their preferred degree courses.   Funding by the Commonwealth scholarship commission and related benefits The Commonwealth Foundation provides grants of up to £200,000 (INR 18,464,000) to eligible students for four years as funding for the postgraduate degree courses. This is a fully-funded scholarship program by the UK government which covers all the expenses of the students. It includes Economy class airfare tickets for round trip. Transportation cost. Visa and travel fee. Medical expenses. Tuition fees. Textbook costs. Accommodation expenses. Allowance for woolen clothes during the winter season. Personal expenses - allowance of £1,133 (INR 104,599) per month and £1,190 (INR 109,860) per month for small cities and big cities respectively. The scholarship also covers family allowances if the couple stays for at least 18 months. It includes- Spouse allowance of £225 (INR 20,772) per month if the applicant and spouse are living together at the same address in the UK. Child allowance of £225 (INR 20,772) per month for the first child and £110 ( INR 10,155) per month for the second and third child under the age of 16 if the scholarship applicant is living with their spouse and children at the same address in the UK.  Child allowance of £450 (INR 41,544) per month for the first child and £110 (INR 10,155) per month for the second and third child under the age of 16 if the scholar is a single parent, divorced or widowed and is accompanied by the children and living at the same address in the UK.  Is the Commonwealth Scholarship enough to study in the UK? The Commonwealth Scholarship is enough to study in the UK as it is a fully funded program that covers both the study costs like tuition fees as well as related expenses. Conclusion The Commonwealth Scholarship is a golden chance for deserving students who are unable to study abroad just because of the lack of funds. The program offers opportunities to such students so that their dreams can come true. Consult an expert advisor to get the right plan TALK TO AN EXPERT
    List of US scholarships for MS for Indian students.

    List of US scholarships for MS for Indian students.

    The US is one of the most expensive countries to pursue further studies. With the rupee falling against the dollar and the annual increase in the tuition fees at US universities, this dream of studying in the USA is slowly slipping away for most Indian students. But not all hope is lost; if you are planning to send your child to the USA for a master's, then here is a list of US scholarships for MS courses your child should apply for!  List of US scholarships for MS courses   Scholarships are a great way to fund your child’s higher education and ease the financial burden on you as a parent. Scholarships are monetary rewards given to students based on their academic performance, financial need, or ethnic background. The reward given by each scholarship varies from university to university and may not be uniform for all awardees. (Some awardees may be eligible for a higher reward than others)  US scholarships for MS course 1. Fulbright-Nehru Master’s Fellowships  Fulbright Nehru Masters Fellowship is for Indian students who wish to study in the USA for their master's. The program offers scholarships to students studying a wide range of courses like Arts and Culture, Economics, Environmental Studies, Higher, Journalism and Mass Communication, Public Administration, Urban, and Regional Planning & Gender Studies at select universities and colleges.   The fellowship is offered for one or two years and provides J-1 visa support, round-trip economy class air travel from a fellow’s home city to the USA, funding for tuition and fees, living costs, and accident and sickness coverage.   2. Narotam Sekhsaria Foundation Scholarships  Narotam Sekhsaria Foundation Scholarships offers meritorious students full and part scholarships as interest-free loans to study abroad or in India. The students who have an excellent academic background and want to pursue postgraduation must apply for these loans and interest-free scholarships on the official website. Students can win financial rewards as well as mentor guidance to help them build a unique career.   3. Aga Khan Foundation Scholarship  The Aga Khan Foundation provides scholarships to pursue masters and PhDs to meritorious scholars from developing countries. Scholarships functions as 50% grant and 50% loan rewards. Scholarships are awarded for full-term courses and not for short-term courses. The scholarships are a helping hand to those who cannot financially support themselves throughout college.   Students get assistance with tuition fees and living expenses. The scholarships do not cover travel costs while funding for Ph.D. courses is limited to 2 years of study. Since the program covers 50% grants and 50% loans, the interest charged on a 50% scholarship is 5% (less than the average loan interest rate in India).  The payback period is five years and starts six months after the study period. The loan scholarship requires a guarantor to co-sign and provide reassurance.   4. Generation Google Scholarship  Generation Google scholarships is an initiative by the tech company, Google to sponsor students who wish to study in Canada and USA. The scholarships are meant for students who wish to pursue computer science degrees at bachelor's, master's, and doctoral levels. Students receive around $10,000 USD (for those studying in the US) or $5,000 CAD (for those studying in Canada) for the year. The scholarship is given on the basis of diversity, equity, and inclusion, demonstrated leadership, and academic performance.  5. Inlaks Shivdasani Foundation Scholarship  The Inlaks Shivdasani Foundation scholarship is offered to students to study in North America or Europe. It’s given to students who display exceptional talent in their field of choice. It covers a host of costs like tuition, one-way travel, and living expenses is more than the US $100,000. During the interview process, students are required to provide financial proof to cover their course. This is a mandatory requirement for selection.   The list of US scholarships for MS courses for Indian students is one way to finance your child’s US dream. Consult an expert advisor to get the right plan TALK TO AN EXPERT
    Need-based scholarship for Indian students to study abroad

    Need-based scholarship for Indian students to study abroad

    Dozens of colleges, universities, and institutions have hundreds of scholarships. The criteria for winning the scholarship differ; some are need-based and merit-based, some are for specific communities, and some are for specific courses. Need-based scholarships for students  1. Fullbright-Nehru Master's Fellowships It’s given to students who are extraordinary to further study in master in the US universities.  Type of scholarship: merit-based  Total expenses covered: tuition cost, J-1 visa support, living expenses, transportation allowance, health or emergency help.  Eligibility criteria: a master's degree from a well-known Indian institution.  Time period: one to two years 2. Fulbright-Kalam Climate Fellowship  It's given to students who are doing research related to climate change in India and the USA.  Total expenses covered: a monthly allowance, j-1 visa support, round trip economy class flight allowance, and health/emergency help.  Eligibility criteria: this is given to students who are registered as Ph.D. students in Indian colleges and affiliated with the U host association. The Ph.D. thesis submission should not be before than 3 months earlier than the given date. Required copies of articles published or presented should be there given.   Time period: one to two years 3. National Overseas scholarship scheme by the Indian Government  It’s given to those students who uplift economic and students with low family income of SC, Denotified nomadic and semi-nomadic tribes, landless agricultural laborers, and traditional artisans who are in need of higher education.  Type of scholarships: Student-centric  Total expenses covered: Tuition fees, cost of books, air allowance, living expenses, health/emergency expenses, and visa fees.  Eligibility: Comes from SC, denotified nomadic and semi-nomadic, landless agricultural laborer and traditional artisans  Scored: at least 55% marks in UG or 55% in PG   Below 35 years  Combined family income less than 6 lakh.  Not having more than one sibling who got the same scholarship.  4. Great Wall program  The Chinese Ministry of Education provides learners and intellectuals from poor nations who want to study and support research in China the completely financed Great Wall Program Scholarship. The program offers support to both junior and senior research fellows. If the program being considered is offered in Chinese, the individual's competence in the language will be assessed.  Total expenses covered: tuition fees, monthly stipend, health insurance, and accommodation.  Eligibility: less than 45 years and having a bachelor’s or master's degree.   Time period: 1 year  5. GREAT Education Scholarships  Type of scholarship: merit-based and chosen college. Amount covered: £10,000 (Rs 9,41,648.52) for one year.  Eligibility: student has to be an Indian resident and has got admission to a selected college in the UK.  Time period: one year  6. Scotland’s Saltire scholarships  Type: merit-based  Expenses covered: £8000 (Rs753318.81), towards tuition fees  Eligibility: Indian residents, admission to selected universities in Scotland, also need to prove they can afford the remaining tuition fees.  Time: one year  7. The JN Tata Endowment  A partial fund of between INR 1-10 lakh to Indian candidates of masters, doctoral, postdoctoral, or research studies abroad.   Type: Rs 1- 10 lakh  Eligibility: It’s the most popular loan for students. Students applying for it should be an Indian resident. Students in their final year can also apply for this scholarship.  FAQ Which scholarship is best for Indian students?  These are some scholarships that are provided to students:  Oxford and Cambridge Society of India scholarships.  QS undergraduate scholarship  Cornell university TATA scholarship etc. Which country provides free scholarships to Indian students?  Germany offers to finance for all higher education programs, regardless of country, making it one of the best free college education nations for Indian students and their foreign colleagues.  Can poor Indian students study abroad?  Scholarships are among the keys to achieving your ambition of studying abroad if you're struggling financially. There are A lot of scholarships available, so regardless of your major, history, final destination, or financial circumstances, there is one with your name on it.  Which country is the cheapest for Indians to study in?  Norway has long been well-known for its high-quality, cost-free education system. Now that everyone, regardless of nationality, is entitled to free education at public universities, it can be regarded as the least expensive country for an Indian student.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
    Real truth behind winning scholarships!

    Real truth behind winning scholarships!

    With the cost of studying overseas rising higher, students dream of winning a scholarship that would cover their fees and overseas stay. But there are some truths about winning scholarships that you should be aware of if your child is planning to travel for studies abroad. There are several misconceptions surrounding winning scholarships such as your child need to be straight. A student or athlete. But there are many scholarships available for minorities, meritorious individuals, athletes, and many others. The truth about winning scholarships 1. Only for the Meritorious Being a straight A-student is not enough to win a scholarship. While good grades do help, international universities look for the all-around development of the student when considering applicants for scholarships. 2. Extra-curriculars matter Scholarships for students with extracurricular achievements. There are separate scholarships for students with accomplishments in sports, theatre, music, art, and volunteering activities. Most Indian students are unaware of these options and miss out on going to a great university thinking that a lack of ‘A grades’ means no scholarship. 3. Minority Scholarships Check if you qualify for the many minority scholarships. These are usually categorized under gender, race, and sexual orientation. There is a lot of impetus being given to women in the STEM fields, and there are Scholarships for Asian students that your child may qualify for. So make it a point to explore the many options available out there today. 4. Different types of scholarships There are scholarships for students from every stratum of society, not just the economically backward. Do your research and see which categories of scholarships your child is eligible for. Apply for as many as you can. This will improve your chances of winning the scholarship. 5. Country-specific scholarships In most countries, universities offer government and private scholarships. In most cases, government scholarships are reserved for students of the said country. But if your country of origin has diplomatic arrangements that facilitate higher studies across borders, there may be scholarships reserved for you. Make sure you check these out. 6. Need-based scholarships Some colleges review need-based benefits for students who enroll under scholarships. This could mean that if you get a scholarship, you may be denied other need-based benefits at the university. This may make you rethink your scholarship application. But you don’t have to. If you are really in need of the money, present your case to the university and they often have the flexibility to sanction funds along with the scholarship if need be. 7. Competitive Don’t be put off by the effort required to apply for scholarships. Of course, you and your child will have to put in hours of research, meet the eligibility criteria, draft applications, send them out, follow up for confirmation of receipt, and submit a host of documents but you will find it is all worth it. The scholarship pay-out as the reward makes all the effort meaningful. Once your application is drafted, you can usually rework it slightly and apply to multiple colleges. So don’t shy away from the effort. You could save some serious money in the bargain. 8. Partial Funding Not all scholarships do not cover the cost of your entire study. This is one harsh truth of winning scholarships that people find out later in life most scholarships only cover a portion of your expense. Some scholarships cover one-year tuition costs, some cover accommodation, and flight expenses while some may cover your books and research apparatus. Take the example of the Rhodes scholarship, it covers Oxford University course fees and gives an annual stipend. It does not cover the cost of your accommodation or living expenses.  While it would be great to win scholarships for study abroad, it is something you cannot count on. The parameters of the scholarships and academic and non-academic requirements of the universities are constantly being tweaked and upgraded. Keeping these variables in mind, it is important that you start saving for your child’s overseas education well in advance through various investment instruments. Some scholarships for Indian students Invest wisely and build an adequate education fund so that when your child finally does win the scholarship, it will be a delight and a bonus! You will have extra funds to use for other aspects of your child’s growth with what you would have saved. Consult an expert advisor to get the right plan TALK TO AN EXPERT
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