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

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

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

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

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

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

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

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

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

When it comes to studying abroad, the top countries that come to light are UK, Germany, and USA. Not many people aspire to study in countries like Netherlands or Norway. There are misconceptions like the cost of studying in the Netherlands is beyond the Indian budget or that there are no programs in English. Reasons to study in the Netherlands! 1. A multicultural and international atmosphere  Why study in the Netherlands is something that some individuals would wonder. But others would argue, "Why not?" if given the chance to relax on beaches, take boat excursions on canals and lakes, take in the beauty of the woodlands, enjoy a beautiful climate, and be where many people with diverse cultures mix.  Students from a wide range of countries are sent to the Netherlands to study abroad. International students attended schools in 157 different nations in 2014–15, with the majority coming from Germany, China, Belgium, Italy, and Spain. International student associations are present at the majority of Dutch universities and support students during their academic careers.  Moreover, the Netherlands is a singular non-Anglophone nation where roughly 95% of the populace speaks English. This makes living, studying, and working in the Netherlands immensely convenient, at ease, and pleasurable for international students. The Netherlands is a similarly free and liberal nation that promotes individual expression. This is strongly recommended throughout your academic career.  2. Inexpensive study fees  Studying in the Netherlands is less expensive than in other English-speaking countries like the UK or the US. In the Netherlands, higher education is financially supported by the government, and tuition is affordable. Due to the well-known high quality of instruction and comparably low cost of living, studying in the Netherlands will give you the most value for your money. Annual tuition fees for a degree program or course at a Dutch higher education institution start at about €1,900 for EU students and €6,000 for non-EU students, depending on the institution.  Also, if you choose to work in addition to your education, you can claim these costs and receive a tax refund. In addition, a lot of Dutch institutions provide grants and scholarships that help fully or substantially defray the cost of the tuition for educational programs.  3. Creative approaches to education  The Dutch educational system is of the greatest caliber, and Dutch institutions are well-known across the world for their infrastructure and curricula that are organized and cutting-edge. The Netherlands' emphasis on teamwork in the classroom makes it simple for international students to interact with both Dutch and other international students.  In Dutch universities, it is highly prized when professors and students form close relationships. Most tutorials and seminars are conducted in small groups of 15 to 30 students. You will complete the majority of your schoolwork in groups, which will improve both your academic and teamwork abilities. Universities in the Netherlands include a lot of practical elements in their degree programs. Universities place a lot of focus on relevant practical experience and have numerous connections with both Dutch and foreign businesses.  Universities of applied sciences, which offer more specialized degrees, are in addition to normal universities. Those who enjoy learning about real-world issues may find a university of applied sciences to be more intriguing. They give more weight to practical experiences and less weight to theoretical and intellectual concerns.  CALCULATE COLLEGE COST FOR STUDYING IN NETTHERLANS 4. Affordable costs of living  When compared to other nations in western Europe, the Netherlands has a relatively low cost of living.  If you are a student in the EU, you are still eligible for a grant of €265 and an OV-Chipkaart for student discounts on weekdays and weekends even if you work 32 hours a month.  There are many websites available for students to use to find dorm rooms. There is a high need for housing, so you should start looking for it right away. Also, many clubs, restaurants, museums, and theatres offer student discounts. A bicycle makes getting around town simple. Not only is this a typical Dutch means of transportation, but it is also reasonably priced. It is without a doubt advisable to request an ISIC student card if you want to benefit from several benefits and savings.  5. English is common as a medium of instruction  In order to draw in international students, the Netherlands is renowned as the first non-English speaking nation where universities began to design higher education study programs in English. In the Netherlands, there are more than 2,100 study programs and courses taught in English that can be completed to earn a bachelor's, master's, Ph.D., diploma, or certificate.  It sounds wonderful to have access to affordable, top-notch education in a range of areas in a multicultural, tolerant country. Nonetheless, if you are from a nation where English is not the native tongue, Dutch colleges do have severe language requirements. If you're an international student, you must take the TOEFL, IELTS, or a comparable English language test. For further information on the prerequisites of the university to which you intend to apply, check their website.  6. Exceptional chances to travel  Due to its geographic center on the continent, the Netherlands is easily reachable from all major European cities. The Netherlands is frequently referred to as the "gateway to Europe." It only takes around an hour to fly from Amsterdam to Paris, Berlin, Brussels, or London. Also, it has excellent rail accessibility and connections to all significant European cities.  Also, the Netherlands boasts a sophisticated and well-connected transportation infrastructure, and several student discounts make travel fairly reasonable. As previously indicated, you can also obtain a student OV-Chipkaart, which grants you access to cost-free public transit, by working 32 hours each month. This makes exploring the entire nation very easy and affordable. You will also enjoy how simple it is to move around on a bike, which is the Dutch people's primary and least expensive mode of transportation. Since there are roads specifically designated for bikers, you can cycle in privacy, security, and tranquillity.  7. Global recognition for degrees  The Netherlands has a long tradition of academic brilliance and is considered a center of knowledge. At Dutch universities, scientific research is highly regarded both domestically and internationally. The educational system in the Netherlands is well-known internationally and adheres to all norms. A degree from a Dutch university provides the opportunity to start one's own business and can be very helpful for developing a successful career in any nation in the world. Some of the most well-known universities in the Netherlands include the Universities of Amsterdam, Leiden, and Utrecht. Consult an expert advisor to get the right plan TALK TO AN EXPERT

One of the biggest financial issues that many students have is solved by getting an education loan. While receiving loan approval lessens the anxiety and worry associated with paying vast sums of money, students are frequently perplexed by the real loan repayment problem. Loan default is not an option because it lowers your credit score. Nevertheless, restructuring the loan is a simple solution to ease the financial load. This can be accomplished by refinancing the student loan, which entails replacing the current loan with a new one. What does refinancing mean? Refinancing student loans is just taking out a new loan at a different interest rate to repay the existing education debt, to put it simply. Refinancing is done to obtain a lower interest rate and further terms and conditions. Refinancing an education loan taken for studying abroad can be a smart financial move. It can lower monthly payments, reduce the overall interest cost and help you simplify the loan repayment process. In this article, we will go over the process of refinancing an abroad education loan and when it might make sense. https://www.youtube.com/watch?v=4gTQkdePOWM Steps to refinance an Abroad education loans 1. Assess your current loan Before refinancing, it's essential to understand the terms and conditions of your existing loan, including the interest rate, loan balance, and remaining duration. This information will help you determine if refinancing is a good option. 2. Shop around for refinancing options  Research different lenders that offer to refinance for abroad education loans. Compare the interest rates, loan terms, and repayment options each lender offers. Consider contacting multiple lenders to compare offers and determine the best option for you. 3. Apply for refinancing Once you have chosen the right refinancing lender, you can begin the application process. The lender will typically require information about your current loan, credit score, and proof of income. 4. Review and approval The lender will review your application and determine your eligibility for refinancing. You'll receive a refinancing offer with the new terms and conditions if approved. Review the offer carefully to ensure it meets your needs and expectations. 5. Sign the refinancing agreement If you accept the refinancing offer, you'll sign a new agreement with the refinancing lender. The new lender will pay off your existing loan and provide you with a new loan. APPLY FOR EDUCATION LOANS Advantages of refinancing an education loan Refinancing an abroad education loan involves paying off your existing loan with a new loan from a different lender. This process can help you take advantage of lower interest rates, better repayment terms, or a more favorable loan structure. Here are some benefits of refinancing an abroad education loan: 1. Lower interest rates  Refinancing your loan when interest rates are lower can significantly reduce the overall cost of your loan. A lower interest rate means you'll pay less over the life of the loan, potentially saving you thousands of dollars in interest payments. 2. Better repayment terms Refinancing can also allow you to select better repayment terms, such as a longer loan term, which can lower your monthly payment and make it easier to manage your finances. 3. Improved credit score  If your credit score has improved since taking out your original loan, you may qualify for a lower interest rate when refinancing. This can result in substantial savings over the life of the loan. 4. Simplified repayment process  Refinancing multiple loans into one loan can simplify the repayment process and make it easier to manage your finances. You'll only have to make one monthly payment instead of multiple payments to multiple lenders. In addition to these benefits, refinancing an abroad education loan may allow you to switch from a variable-rate loan to a fixed-rate loan. This can provide peace of mind, as your interest rate will remain the same over the loan's life, regardless of market changes. When considering refinancing, weighing the potential benefits against any costs associated with the process is important. Some lenders may charge fees for refinancing, so review the terms and conditions of any refinancing offer before making a decision. Consult an expert advisor to get the right plan TALK TO AN EXPERT

As more and more individuals move out, earning a degree from an international university may sound fancy and appear aspirational, but there are expenses associated with it, and handling them is not always easy. Although obtaining student loans is now quite simple, statistics suggest that few people appear to be aware of this. Although more students are traveling to study abroad, there are also more defaulted student loans. The Indian Banks' Association said that as of March 2018, there were around 9% more education loan defaults than there were in March 2016 (7.3%).   Data from the Mumbai-based credit agency CRIF High Mark reveals a rise in the average amount of new loans disbursed annually. The average ticket size for new student loans as of September 2018 was $8,95,000 compared to $7,08,000 at the end of FY18. "Indian demographics favor youth and high academic achievement, which boosts employability. Due to rising educational costs, the majority of students need loans.   The number of students who can obtain employment based on non-immigrant visas for temporary workers is capped under the new H1B visa laws in the US, which is one of the factors contributing to the shrinking of the ability to repay loans. Each fiscal year, there is a cap of up to 65,000 visas, with an additional 20,000 visas reserved for those who have obtained their master's degree from a US university. However, a much bigger number of people apply for the H1B visa. 236,000 applications were received by US Citizenship and Immigration Services (USCIS) in FY17.   Thus, the student's employability has greater significance. The student and the guarantor can experience more financial strain if that market slows down. How to avoid the negative long-term consequences of education loans?  1. Avoid Purchasing a Home  One's capacity to buy a home is severely impacted by student loan debt. In a 2015 survey by Equifax, 55.7% of millennial renters cited "school loan debt/not enough money saved" as their main deterrent to home ownership. Even if you have the ability to make the required monthly payments, paying down student debts may prohibit you from setting aside enough money for the minimum down payment needed by many lenders.  2. Live and work at Home  While some renters cannot afford to buy a home, other millennials with student loan debt, particularly those who reside in large cities like New York, Chicago, or Boston, cannot even afford to rent apartments.   According to Apartment Guide, the national average rent for a one-bedroom apartment in the US will rise from $1,596 in 2019 to $1,621 in 2020. When you have a student loan debt of approximately $30,000, that might be pretty difficult to pay. Many of these young adults choose to stay in the nest since their income is insufficient to cover their rent and school debt repayment.  3. Bringing Down Your Net Worth  Significant student loan debt can undoubtedly lower your overall net worth. There are differences between college graduates with and without student loan debt, according to a 2014 Pew Research Center analysis. A household led by a college graduate under the age of 40 who has student loan debt had a median net worth of $8,700. On the other hand, the median net worth of a household with a college graduate under 40 and no student loan debt is seven times higher, coming in at $64,700.  4. Postpone your dreams  Your standard of life and financial independence aren't the only things that are impacted by student loan debt. It also decides which of your dreams you can pursue and which ones will only serve as a faint recollection. You can find yourself forgoing a career with better compensation for one that provides you with a greater sense of fulfillment and purpose.   For instance, you might aspire to work for a charitable organization. But if you find out that the money that comes with it could not be enough to cover your financial commitments, you might have to give that up. In reality, you'll have to give up on these goals in favor of a higher-paying position so you can make your student loan payments.  5. Student loan debt persists Debt from student loans is distinct from other forms of debt. For instance, if a customer can't afford auto payments, they can return the vehicle to the dealer, and if a homeowner can't make their mortgage payments, they can return the keys to the bank. Your student loans are not subject to that rule. Nothing is left to return when you complete the student loan repayment process. Whether you used the money for education or not, it has already been spent.  Conclusion  More students are taking out education loans to pay for their education. It's crucial to understand the repercussions of borrowing money and to be self-disciplined enough to borrow what is necessary before even considering taking out a loan. Make cautious arrangements to repay your loans when you borrow, making sure to account for the earnings you can anticipate after graduation in the sectors that interest you.  TALK TO AN EXPERT

The Norwegian educational experience is one of the best and most rewarding. Located in the heart of Europe, Norway is an affordable place to study abroad. It’s well-connect with the rest of Europe and offers impressive universities and opportunities to its students. Reasons to study in Norway  1. A secure location to study  In Norway, there is not much crime. Very low. There are ten times as many prisoners and eight times as many murders committed each year in the US despite the stark demographic gap. The causes are numerous, but they can all be traced to Norway's political system, which is a social democracy.  Aside from everything else, this indicates that income is distributed more fairly in Norway than it is in some other countries, and Norway is a wealthy country. Most importantly, since social responsibility is a shared responsibility, many see crime as a duty of society rather than a personal failing. Although the details of that rehabilitation are regularly disputed, even among Norway's generous people, the objective is to rehabilitate offenders rather than punish them. Finally, it seems likely that neither crime nor police harassment will taint your years at school in Norway.  2. Free teaching  The majority of higher education institutions are funded by the Ministry of Education and Research, which is another advantage of a nation governed by people rather than a business.  Even so, if you fly internationally, Students, even those from overseas, are not required to pay tuition unless they attend a private university. The expenses will still be low. The student union will charge you a fee each semester (around the cost of a textbook) to cover access to some amenities, but this is nothing in comparison to ordinary tuition costs.  The main qualification in this situation is the high cost of living in Norway. Meals and booze are expensive, and unforeseen expenses like a last-minute cab ticket can severely cut into your monthly budget. The other side of this is that Norwegian wages are very high for graduates in Norway and if you have the time and energy to work while you study.   If you have a limited budget, it's crucial to think about whether attending school in a country with more tuition and a lower cost of living would benefit you more or if you can manage your expenditure and benefit from everything a Norwegian education has to offer.  CALCULATE COST OF STUDYING IN NORWAY 3. Strong English   In Norway, if you ask someone if they speak English, they can first look confused before saying, "Of course!" The majority of Norwegians, especially the younger generations, are fluent in English, and the nation has moved up to third place on the EF English Proficiency Index.  Learning Norwegian is advantageous, especially if you wish to live or work in Norway or communicate with Norwegians. Fortunately, it's not too difficult to learn the language, especially if English or another Germanic language is your first tongue.  4. Tolerant culture  The majority of Norwegians are accepting of LGBTQ+ people and have a laid-back attitude. In fact, Norway is ranked among the top five nations in the world for LGBTQ+ tolerance by the UCLA School of Law Williams Center. The Scandinavian custom of "keeping oneself to yourself" can be difficult for newcomers who are accustomed to saying hello to neighbors and rarely conversing with strangers. Yet, after you get to know some Norwegians, you'll discover that they have a sharp sense of humor as well as the aforementioned caring sense of communal welfare. In actuality, the meaning of the Norwegian word "dugnad" is the local or national community cooperating for the good of all.  The majority of society benefits from Norway's stable economy, which is based on its natural resources. There is a healthy economy with low unemployment and a generous welfare system. The economy is growing well compared to other developed economies, notwithstanding the krone's current weakness. As a result, graduates have a high standard of life and a promising future.  Consult an expert advisor to get the right plan TALK TO AN EXPERT