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Tips to Get Education Loans for Abroad Studies

Tips to Get Education Loans for Abroad Studies

Securing an education loan for abroad studies opens the door to a world of academic and personal growth. Let’s break down the process for getting educational loans for abroad studies and find out the eligibility criteria, documents needed, how to get an education loan, and much more. Education Loans for Abroad Studies In an increasingly interconnected world, pursuing education abroad has evolved from being a mere aspiration to a transformative experience. The exposure to diverse cultures, cutting-edge academic programs, and unparalleled opportunities for personal growth has made international education a sought-after endeavour. However, the costs associated with studying abroad can be overwhelming. This is where investment in education loans comes to the rescue, acting as a bridge between dreams and reality. https://www.youtube.com/watch?v=4gTQkdePOWM Are you eligible to get a study loan abroad? To be eligible, applicants often need to meet certain requirements that the bank has set. For instance, if you are applying for a study loan to study abroad from India then here are the basic eligibility criteria that you need to meet. The applicant must be 16 years old and an Indian citizen Co-applicants must be an Indian citizen Ability to offer collateral for certain cases Co-borrower(s) must have a bank account in any bank in India with cheque facilities and a good credit history. Confirmed admission to the colleges before disbursement. Admission Confirmation: Having an admission offer from a recognized foreign institution is a prerequisite for applying for an education loan. The institution's reputation and the chosen course play a role in determining loan approval. Co-Applicant/ Guarantor: Many lenders require a co-applicant, usually a parent or guardian, to share the responsibility of repaying the loan. The co-applicant's financial stability can influence the loan's terms. Collateral: Depending on the loan amount, lenders might ask for collateral as security. Property, fixed deposits, or other priceless assets can be used as collateral. Eligibility criteria differ on the basis of your nationality. Co-Applicant Education Loan Guide Read More How should you apply for an education loan abroad? Navigating the education loans for abroad studies application process can be overwhelming, given the multitude of options and procedural complexities. To get an education loan, you can visit public and private banks and international lenders, find out the interest rate and start the process with your chosen provider. Rather than visiting all the banks, you can opt for an education loan counselor. An educational loan counselor is an expert who serves as an intermediary between aspiring students and financial institutions, helping them find the best loan options tailored to their needs. They streamline the loan application process, help with documentation, and get your fast approval. Education loan counselors can help you save both time and effort. https://www.youtube.com/watch?v=fufyFB9aMQI Documents you need for an Education Loan When applying for an education loan, the documentation process is a crucial step. Commonly required documents you must have: Loan application form Passport-size photos PAN card and Aadhar card Indian passport (if you are going abroad) Marksheets for 10th, 12th & Graduation Entrance exam results (like IELTS, GMAT, GRE, TOEFL, etc.) Offer letter or a conditional admission letter (if received) Work experience proof (if any) In the case of self-employed co-applicant 8-month bank statements of savings & current account 2- years ITR statement Collateral documents (if needed) In the case of salaried co-applicant6-month bank statements of the salary account of the co-applicant2-year ITR / FORM 16 co-applicant3-month salary slips Collateral documents (if needed) How to use the Education Loan Calculator for abroad studies? An education loan calculator is a way to find out the monthly payments you will be making to close your student loan! An education loan for abroad studies is a huge responsibility, and the calculator helps you find out the EMIs you will potentially be repaying, the duration of repayment, and the total payable amount after adding the interest. It’s very easy to use and can help you determine the future EMIs on your loan. For instance, you decide to take a loan of Rs. 25,00,000 at an interest rate of 10%. The decided loan tenure is 10 years. If you put all these details in an educational loan calculator, it will tell you the exact EMI amount, which is Rs. 33,038, the total payable amount, that is Rs. 39,64,522 along with the payable interest amount (Rs. 14,64,522) on top of the principal amount of Rs. 25 lakhs. An education loan calculator is a powerful tool that helps you prepare for the future, let's gauge the estimated costs you will be repaying and helps you budget for it in advance. What is the interest rate of education loans abroad? The interest rate depends on many factors. The interest rate of education loans for abroad studies is determined by the bank, individual profile, co-applicant history, and whether it’s a secured or unsecured loan. If you are applying with EduFund, you can get low and attractive interest rates starting from 9% with the top loan providers like Prodigy Finance, IDFC First Bank, ICICI Bank, Axis Bank, and many more. Things to Know Before Choosing an Education Loan Selecting the right education loan requires a careful evaluation of several factors: Interest Rate: The interest rate significantly impacts the overall cost of the loan. For the best deal, compare the rates provided by several lenders. Repayment Tenure: Longer repayment tenures might result in lower monthly installments but higher overall interest payments. Choose a tenure that aligns with your financial plans. Processing Fees: Understand the processing fees associated with the loan application. Some lenders might have hidden charges that could affect your repayment burden. Tax Benefits: In some countries, education loan interest payments are eligible for tax deductions. Familiarize yourself with the tax implications of the loan. Prepayment Terms: Check if the lender allows prepayment without penalties. This can help you save on interest payments if you have the means to repay the loan early Higher interest rate of education loans for abroad:  While investing in education loans serves as a lifeline for many students aspiring to study overseas, the interest rates can vary significantly. Factors like the bank's policies, the applicant's credit history, and the loan type (secured or unsecured) play a role in determining the interest rate, exchange rate fluctuations, repayment challenges in foreign currency, and the global economic scenario. https://www.youtube.com/watch?v=TJ4qgFj46Uw Importance of selecting the right repayment plan Choosing the right repayment plan for your education loan is a critical decision that can significantly impact your financial well-being post-graduation. Financial institutions often offer various repayment options, such as fixed, variable, or income-based plans. Understanding the nuances of each plan and aligning it with your future income projections and financial goals can ensure a smoother repayment process and alleviate undue stress. Partnering with EduFund: Shaping a Bright Future for International Education Pursuing education abroad is a transformative experience that opens doors to academic and personal growth. However, the costs associated with international education and education loans for abroad studies can be daunting. Amidst this process, EduFund stands as a reliable partner, offering attractive interest rates and partnering with esteemed institutions to make the dream of studying abroad a reality. EduFund provides access to a range of loan providers, each with its own interest rate structures. Keeping in mind that lower interest rates can significantly reduce the long-term financial burden, applicants should strive to secure the best possible rate for their circumstances. With EduFund's support, students can embark on their educational journey confidently, knowing that their financial needs are well taken care of. Talk To An Expert FAQs Can I apply for a loan before receiving the admission offer? It's recommended to have an admission offer in hand before applying for a loan, as lenders often require it for processing. What's the typical loan repayment grace period after completing the course? What's the typical loan repayment grace period after completing the course? Does a good credit score essential for loan approval? While a good credit score can enhance your chances of approval, some lenders offer loans to students with co-applicants who have strong credit profiles. What happens if I'm unable to secure a job immediately after completing the course? Some lenders offer extended grace periods or flexible repayment options for students who face challenges in finding employment Can I get a loan for living expenses in addition to tuition fees? Some lenders do offer education loans that cover both tuition fees and living expenses. Check with the lender for specific terms. An education loan for abroad studies bridges the financial gap between your aspirations and the realization of international education. EduFund aims to help you bridge that gap by offering low and attractive interest rates on your education loan. EduFund connects you with India’s top lenders, helps you compare loan plans, and even get collateral-free education loans up to Rs. 1 crore!
How to save for MBA in New Zealand for your child?

How to save for MBA in New Zealand for your child?

New Zealand is one of the ideal educational destinations for students pursuing their MBA degree as it offers a wide range of academic choices, MBA specializations, high-quality education, affordable fee structure, and sustainable job prospects.  An MBA in New Zealand is a wise career move as the globally recognized degree can get students the desired job in any part of the world. Moreover, graduating with an MBA from New Zealand may get your child a considerably higher income than their peers in other countries. Getting an education loan for MBA in New Zealand is easier than you think! Apply wth EduFund today Overview of MBA course structure and fees in New Zealand New Zealand is home to some of the finest educational institutions in the world for MBA courses. A full-time MBA requires 180 credits over 12 - 16 months or 60 credits every semester. Students can choose an MBA degree with or without specialization.  Average tuition fees for an MBA in New Zealand are between $26,000 - $37,000 with the highest course fee of $51,396 levied by the University of Canterbury and the lowest tuition fee of $36,800 levied by Manukau Institute of Technology.  The fee structure for an Indian student is between INR 11.4 lakhs to INR 31.3 Lakhs per year, depending upon the university one chooses.  The living expenses of the students depend upon their lifestyle. How to save for an MBA in New Zealand? Although studying for an MBA in New Zealand is affordable compared to the study cost in countries like the UK and the USA, parents do need to save and invest money so that their child can get the desired degree without the burden of an education loan.  Take the following steps to save for an MBA degree - 1. Research Remember the first step of any plan is the most difficult one as it requires thorough research. Gathering information is necessary so that you can create a foolproof plan that will prove fruitful in the long run.  you can also use the College Cost Calculator on the EduFund App to find out how much you will have to pay for your child’s MBA. This will help cut your research time.  Reasons to Study in New Zealand Read More 2. Create a financial plan Create a financial plan that will give direction to your ideas and encourage you to take the necessary steps toward your goal.  How to send your child to study in New Zealand debt-free? Read More 3. Take the help of professionals If you are a new investor, it might become a tad difficult or confusing to make the right decisions. Take the help of professionals because they have the necessary tools and resources to compile the required data and make the correct choices.  The saving experts on the Edufund App are adept at creating a customized financial plan and selecting the best investment opportunities through mutual funds, US ETFs, US stocks, and Digital gold. These experts, along with the Edufund investment calculators, will act as a guiding force and be with you every step of the way.   https://www.youtube.com/watch?v=uYlrsx9_yog&t=4s Top Universities in New Zealand Read More 4. Create a diversified portfolio Do not be dependent upon only one type of scheme. Instead, create a diversified portfolio that includes managed funds, savings accounts, term deposits, mutual funds, etc. The high-accuracy fund tracker on the Edufund App can monitor over one lakh data points and 400 financial situations to make solid suggestions about the most profitable investment schemes. a) Managed funds According to available data, one of the most common reasons for setting up a managed fund is to save money for a child’s higher education. It is feasible to put some money aside in a growth-oriented managed fund as early as possible. By the time the child is of age to study for an MBA in New Zealand, the parents will have saved a good chunk of the required money.  b) Savings accounts and term deposits If you cannot deal with the volatility of the growth fund or have started late and have a considerably shorter period for saving and investing, do not worry. The safest and the best possible mode of saving is by investing in a savings account and term deposits. It is better to add to the term deposits whenever they come up for renewal so that after a few years you can have a good amount of the money for your child’s MBA degree in New Zealand. c) Mutual funds The best investment scheme in the current market is investing through mutual funds. Take the help of SIP for regular investments as the estimated returns are between 12% to 15% in large-cap equity funds and 14% to 17% in mid-cap equities. The SIP calculator on the Edufund App can prove useful in determining the available returns from the chosen funds.  Conclusion International students, especially Indian students consider an MBA in New Zealand a good move as it gives them global exposure to cash in excellent career opportunities in any business sector.  Parents who have the necessary funds through saving and investing can easily send their child abroad and fulfill their dreams of better education, as compared to the parents who have to look at other means to fund their child's education.
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. Apply for EduFund's Scholarships and make your dreams a reality! 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 2024 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 2024 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 that 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. FAQs What is the 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. 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
Guide to Primary Education

Guide to Primary Education

Primary education is the first step in your child’s education journey. It forms the bedrock of a child's educational journey, laying the groundwork for intellectual, emotional, and social development. Primary education typically starts from kindergarten (KG) to the upper primary level (Class 1 to Class 8). Kids are 5-6 years old when they enter primary school.In India, primary education is compulsory and plays a pivotal role in shaping young minds and fostering a love for learning that lasts a lifetime. In this article, we delve into the benefits of primary education, highlight some of the best primary schools in India that excel in providing it, and offer insights for Indian parents to prepare for the average costs! What is Primary Education? At its core, primary education encompasses the essential years when children embark on their formal educational journey. It introduces them to foundational concepts in subjects such as mathematics, languages, science, and social studies. Beyond academics, here are some benefits of primary education. Primary education promotes socialization, communication skills, critical thinking, problem-solving abilities, and creativity. It is a time when children develop their cognitive abilities, curiosity, and sense of self.During these formative years, children are introduced to the joy of learning, and educators play a pivotal role in fostering their natural inquisitiveness. Moreover, primary education paves the way for a smooth transition into higher education and equips children with the skills needed to face future academic challenges. Benefits of Primary Education Primary education is more than reading, writing, and learning maths. It’s more than playtime for your children. It is the stage in life where your child has the opportunity to develop socially and build communication skills. It is the first time in your child’s life that they are exploring the social world on their own. They are in a learning and nurturing environment that allows them to develop as an individual! Let’s delve into the 5 main benefits of primary education that make it extremely vital for your children: Foundation of Learning: Primary education establishes the foundation upon which subsequent learning is built. The skills and knowledge acquired during these years serve as building blocks for higher-level academic pursuits.Holistic Development: Beyond academics, primary education nurtures emotional intelligence, social skills, and character development. It helps children develop empathy, respect for others, and a sense of responsibility.Critical Thinking: Primary education encourages children to think critically and approach problems analytically. These skills empower them to make informed decisions throughout their lives.Language Skills: Language acquisition is a vital aspect of primary education. Proficiency in language facilitates communication, enhances cognitive abilities, and opens doors to various opportunities.Love for Learning: A positive early educational experience can cultivate a lifelong passion for learning. Children who enjoy their primary education are more likely to remain curious and engaged throughout their academic journey. Best Primary Schools for Primary Education in India with Average Costs India has the largest education system in the world and its home to thousands of primary schools that shows quality education. We have listed out some brilliant primary schools in India with their average fees to help you gauge the costs better. Primary school education is essential; it sets a strong foundation for your child’s growth. Let’s check out the listed primary schools in India The Shri Ram School, Delhi: Renowned for its child-centric approach, The Shri Ram School provides a nurturing environment for primary education. The school's innovative teaching methods focus on experiential learning and individualized attention, fostering well-rounded development. Average Annual Cost: Rs. 2,00,000 - Rs. 3,50,000. 1. Podar International School, Mumbai: With a commitment to holistic development, Podar International School offers a comprehensive primary education program. The school places a strong emphasis on character-building and values-based education. Average Annual Cost: Rs. 1,50,000 - Rs. 2,50,000. 2. DAV Public School, Chennai: DAV Public School is recognized for its balanced curriculum and dedicated faculty, making it a preferred choice for primary education. The school's holistic approach focuses on academic excellence, character development, and co-curricular activities. Average Annual Cost: Rs. 80,000 - Rs. 1,50,000. 3. The Heritage School, Kolkata: The Heritage School is known for its student-centered approach and experiential learning opportunities. The school's commitment to fostering creativity, critical thinking, and social responsibility makes it an ideal choice for primary education. Average Annual Cost: Rs. 1,50,000 - Rs. 2,00,000. 4. Delhi Public School, Bangalore: With a strong academic reputation, Delhi Public School offers a well-rounded primary education program. The school focuses on developing core skills, values, and a sense of global citizenship. Average Annual Cost: Rs. 1,00,000 - Rs. 1,80,000. Preparing for Primary Education Costs: A Parent's Guide As primary education is a significant investment in a child's future, parents should proactively plan for the associated costs. Here are some strategies to consider: Early Financial Planning: Begin financial planning for your child's education as early as possible. Explore education-specific investment options, such as mutual funds or education savings plans, to accumulate funds over time. The best way to save your child’s education is by investing in a mutual fund with EduFund. You can start a SIP for just Rs. 10,000 and potentially save up to 20 lakhs by the time your child is off to college! Start Investing Scholarship Opportunities: Research potential scholarships, grants, or financial aid offered by schools. Many institutions provide merit-based scholarships or assistance based on specific criteria. There are need-based scholarships provided by central and state governments in India to help students afford rising education fees. Scholarships are the best way to fund your child’s education but they are highly competitive as well Scholarship Opportunities Budgeting and Saving: Budgeting and saving are essential if you have kids. Education expenses are more than just tuition fees. From registration fees to uniforms and transport, there are many more expenses related to schooling. This is why it's important to create a detailed budget that includes tuition fees, textbooks, uniforms, extracurricular activities, and other miscellaneous expenses. Set aside a portion of your monthly income specifically for education-related costs.Comparison Shopping: Research and compare different schools' fee structures and offerings. Consider the value each school provides in terms of academics, extracurricular activities, and overall development. For instance, choose the school board and school location carefully. These categories can affect your child’s future as well as time. They also impact the total school fees you will be paying every year.Utilize Tax Benefits: In India, certain investments and expenses related to education may qualify for tax deductions. Consult a financial advisor to understand how you can leverage these benefits. Conclusion By choosing the right primary school and planning for the associated costs, you can provide your child with a strong foundation that will serve them well throughout their academic and personal endeavors. Plan your child’s education costs on the EduFund App, you can save for their big expenses like school fees and future college fees with the help of Mutual Funds and US Stocks! Talk to an Expert
Sydney Scholars India Scholarship Program

Sydney Scholars India Scholarship Program

The Sydney Scholars India Scholarship Program embodies academic excellence and cultural exchange, offering a remarkable opportunity for Indian students to pursue their higher education dreams at the University of Sydney. This prestigious initiative fosters cross-border collaboration, empowering scholars to shape a brighter future through education, research, and global perspectives. https://www.youtube.com/watch?v=MwQWKYxxJ8o 1. Empowering Academic Excellence At the heart of the Sydney Scholars India Scholarship Program lies a commitment to nurturing academic brilliance. With a plethora of disciplines spanning arts, sciences, engineering, business, and more, scholars are granted the opportunity to pursue their passions while being guided by world-renowned faculty members. The program's stringent selection process ensures that only the most promising and dedicated students are given the chance to join this community of learners. Affordable Australian Universities Read More 2. Enabling Educational Aspirations The program acts as a gateway to fulfilling educational aspirations for Indian students. The financial support offered through scholarships alleviates the burden of tuition fees and living expenses, making it possible for students from diverse socio-economic backgrounds to pursue higher education abroad. This inclusivity not only benefits the individual scholars but also contributes to a more diverse and vibrant learning environment at the University of Sydney. https://www.youtube.com/watch?v=Ew2MC3RCo68 3. Cultural Exchange and Global Perspectives Education goes beyond textbooks and classrooms; it's about fostering a holistic worldview. The Sydney Scholars India Scholarship Program encourages cultural exchange by bringing together individuals from various backgrounds. Scholars have the chance to engage in meaningful dialogues, share perspectives, and develop a deeper understanding of different cultures. This exposure equips them with the skills to thrive in a globalized world. Get Education Loans To Study In Australia 4. Building Bridges Across Borders The program creates bridges of understanding between India and Australia. As scholars embark on their academic journey, they become de facto ambassadors, strengthening the ties between the two nations. The friendships and networks formed during their time at the University of Sydney have the potential to foster collaboration in various fields, from academia to business and beyond. Fee Structure of Australian Universities Read More 5. Research Opportunities and Innovation The University of Sydney is renowned for its groundbreaking research across disciplines. The Sydney Scholars India Scholarship Program provides scholars with access to cutting-edge laboratories, resources, and research opportunities. Engaging with ongoing research projects not only enhances their academic experience but also fuels innovation that can have a positive impact on societies in India and around the world 6. Driving Societal Change Many scholars choose to channel their research and education toward addressing pressing societal challenges. Whether it's sustainable development, healthcare innovation, or social equity, the program empowers students to make a tangible difference in their communities. By leveraging their knowledge and experiences gained in Sydney, scholars return to India equipped with the tools to drive positive change. Bachelors in Australia Read More 7. Mentorship and Support The journey of higher education can be demanding, especially when undertaken in a foreign land. The Sydney Scholars India Scholarship Program recognizes this and offers robust mentorship and support systems. From academic advisors to cultural mentors, scholars are guided at every step, ensuring their transition is seamless, and their academic goals are achieved. Start Investing to Study In Australia 8. Fostering Personal Growth Beyond academic achievements, the program places emphasis on personal growth. Scholars develop resilience, adaptability, and intercultural skills that prepare them for the challenges of an ever-evolving world. The experiences gained in Sydney contribute not only to their professional development but also to their holistic well-being.   Finance Your Child Australian Dream Read More 9. Alumni Network and Future Prospects The Sydney Scholars India Scholarship Program doesn't end with graduation; it marks the beginning of a lifelong association. The alumni network is a testament to the enduring connections forged during the program. These connections often translate into professional collaborations, mentorship opportunities, and a sense of belonging that extends beyond geographical boundaries. Reasons to Study in Australia Read More 10. Shaping Global Leaders The program's impact goes beyond individual scholars. Graduates of the Sydney Scholars India Scholarship Program become global leaders in their respective fields, driving change, fostering innovation, and contributing to the betterment of societies. Their experiences at the University of Sydney equip them with a unique perspective that transcends borders and creates a ripple effect of positive influence. Conclusion The Sydney Scholars India Scholarship Program is a beacon of educational excellence, fostering collaboration, cultural exchange, and global perspectives. By providing Indian students with the tools, resources, and opportunities they need to excel, the program not only transforms individual lives but also shapes a future marked by understanding, innovation, and positive change on a global scale. Talk To An Expert
Affordable degrees with high ROI

Affordable degrees with high ROI

Getting a degree is a necessity for success in today's extremely competitive work market. However, for many people who want to pursue their aspirations, soaring college fees have turned into a serious hurdle. The good news is that degrees with a high return on investment (ROI) are still accessible and reasonably priced.  These degrees provide a valuable opportunity for students to gain the knowledge and skills necessary for lucrative careers without burdening themselves with excessive student loan debt. In this blog post, we will explore some of the most affordable degrees with high ROI, enabling individuals to make informed decisions about their educational and financial futures. What does ROI mean? ROI is a metric used to compare a financial advantage, such as an annual income, to the investment made to obtain that benefit, such as college tuition. When you make back more money than you spent, you have a positive ROI. For instance, it's crucial for medical students to locate employment that will allow them to repay their $200,000(INR 1.64 cr) in school debt and make enough money to maintain themselves. Lucrative employment offers them a great return on their educational investment. Degrees with high ROI Abroad? Read More Affordable Degrees | Optimize Your ROI 1. Computer Science and Information Technology The demand for experts in computer science and information technology is rising as a result of the quick development of technology. Earning a degree in this area of study might open up lucrative job options. Programs in computer science and information technology are available online and in many accessible universities and colleges. These programs frequently include practical experience, internships, and links to the business, all of which considerably improve graduates' employability. Graduates with a degree in computer science can expect average salaries ranging from $65,000 to $120,000 (INR 53.3 to 98.4 lakhs)  per year, depending on factors such as specialization and location. 2. Nursing and Healthcare Nursing and healthcare degrees are widely sought after since the global healthcare business is one of the fastest-growing industries. Numerous respectable universities provide reasonably priced associate's and bachelor's degree nursing programs. Nursing graduates frequently land in highly sought-after, lucrative careers, making this degree a great financial investment. A job in healthcare also offers the chance to improve people's lives, which adds to its inherent rewards. Nurses with a bachelor's degree can earn average salaries between $60,000 (INR 49.2 Lakhs) and $100,000 (INR 82 Lakhs) per year, depending on their location and level of experience. https://www.youtube.com/watch?v=q5JdCRkgcT8 3. Engineering Mechanical, civil, electrical, and aerospace engineering degrees routinely rank among the most cost-effective degrees with the highest ROI. Many businesses, including manufacturing, construction, and technology, are in need of engineering graduates. These courses often give students a strong foundation in science, math, and problem-solving techniques. Additionally, university-sponsored engineering co-ops and internships enable students to network with future employers while gaining real-world experience. Although this degree typically requires a higher upfront investment, graduates can enjoy high earning potential, with average salaries ranging from $90,000 to $150,000 (INR 73.8 to 1.2 cr) per year. 5 Degrees that provide better ROI Abroad than in India Read More 4. Business Administration and Management A degree in business administration or management opens doors to a wide range of career paths and can be obtained at affordable institutions. These programs equip students with essential skills in leadership, finance, marketing, and entrepreneurship. Graduates often find employment in various industries, such as finance, consulting, and marketing. Moreover, pursuing an affordable business degree can also serve as a stepping stone for aspiring entrepreneurs, providing them with the knowledge and network necessary to start their own successful ventures. Professionals in this field can earn average salaries between $60,000 (INR 49.2 Lakhs) and $120,000* (INR 94.8 Lakhs) per year, depending on their role and experience. 5. Renewable Energy and Environmental Science Degrees in environmental science and renewable energy have become increasingly important as the globe concentrates on sustainability and tackling climate change. Numerous colleges provide reasonably priced courses in environmental sciences, environmental engineering, and renewable energy. Graduates in this sector can benefit from great employment possibilities while also helping to create a more sustainable future. Professionals in this sector should anticipate competitive remuneration and long-term job security as a result of the growing need for renewable energy solutions. Professionals in the field of environmental science can earn average salaries between $50,000 (INR 41 Lakhs) and $80,000 (INR 65.6 Lakhs) per year, depending on their specific role and industry. Research respected universities that provide top-notch programs and have a history of turning out successful graduates while looking for cheap degrees. Scholarships and other forms of financial assistance can also lessen the cost of attending college. The secret is to select a degree that fits your hobbies and interests while also taking the cost into account. You may open up a world of options and start along a path to professional and financial success by making an informed choice and making a judicious investment in a degree that is cheap and has a good return on investment.
How to pay for student accommodation abroad? 

How to pay for student accommodation abroad? 

Did you know that the average rent for students in the UK went up by 4.4% while in Canada and Australia, it went up by 8%? This was revealed by a report given by BONARD. Rent is the second biggest expense in the life of a student. The increase in rent has led to a huge housing crisis across the world. But don’t worry, we will help you tackle this cost like a PRO. https://www.youtube.com/watch?v=F3QCgLruQzc How to pay for student accommodation abroad? I. Understanding the Costs of Student Accommodation   When planning to pay for student accommodation, it is crucial to first understand the various costs involved. These costs may include rent, utilities, internet, and other amenities. Researching and estimating these expenses will help you create a realistic budget and avoid any surprises later.   II. Researching Available Funding Options   1. Scholarships and Grants  Explore scholarships and grants specific to student housing. Many educational institutions, private organizations, and government bodies offer financial assistance programs. Research and apply for these opportunities to alleviate some of the financial burdens. Here are five scholarships that have included housing allowances:  Inlaks Shivdasani Foundation Scholarships: The Inlaks Shivdasani Foundation offers scholarships for Indian students pursuing various disciplines, including the arts, sciences, social sciences, and business administration. The scholarship covers tuition fees, living expenses, and a housing allowance.  KC Mahindra Scholarships for Postgraduate Studies Abroad: KC Mahindra Education Trust provides scholarships to Indian students who wish to pursue postgraduate studies abroad. The scholarship includes a living and housing allowance, in addition to tuition and other expenses.  JN Tata Endowment Scholarships: The JN Tata Endowment for the Higher Education of Indians offers scholarships to Indian students for postgraduate studies abroad. The scholarship includes financial assistance for tuition fees, living expenses, and a housing allowance.  Aga Khan Foundation International Scholarship Program: The Aga Khan Foundation provides scholarships for postgraduate studies to students from select developing countries, including India. The scholarship covers tuition fees, living expenses, and a housing allowance.  Commonwealth Scholarship and Fellowship Plan (CSFP): The CSFP is an international scholarship scheme administered by the Commonwealth Scholarship Commission in the United Kingdom. Indian students are eligible to apply for various scholarship programs under the CSFP, some of which provide a stipend for living expenses and a housing allowance.  Remember to research and verify the availability and specific details of these scholarships, as well as other scholarship opportunities.  2. Education Loans  Education loans are another way to pay for your student accommodation abroad. Most education loans cover living expenses which can help you keep up with the rising rental costs in your country. Research different loan programs, compare interest rates, and understand the terms and conditions before making a decision. Remember to borrow responsibly and only take on what you can comfortably repay after graduation. https://www.youtube.com/watch?v=nyV0rwJu-7c III. Creating a Budget   1. Assessing Income and Expenses  Determine your available income and savings, including any part-time jobs, savings, or contributions from your family. Then, calculate your anticipated expenses, such as rent, utilities, groceries, transportation, and academic-related costs. This assessment will help you determine how much you can allocate towards your accommodation.   2. Prioritizing Essential Expenses  Once you have identified your income and expenses, prioritize essential expenses like rent and utilities. Allocate a specific portion of your budget to cover these necessities, ensuring that you can comfortably meet these obligations.   3. Identifying Potential Cost-Saving Measures  Look for ways to save money on accommodation. Consider options such as sharing an apartment with roommates to split costs, opting for accommodation farther from campus to save on rent, or utilizing public transportation to reduce transportation expenses. IV. Seeking Assistance from University Services   1. Student Housing Offices  Contact your university's student housing office for guidance and resources. They can provide valuable information about affordable accommodation options, scholarships, payment plans, and other financial support available to students.   2. Financial Aid Offices  Reach out to your university's financial aid office for personalized guidance. They can help you navigate the financial aid process, provide information on available grants or loans, and assist in creating a budget tailored to your specific circumstances.   How to manage a fear of Investing Read More V. Exploring Part-Time Employment Opportunities   Consider seeking part-time employment opportunities to supplement your income and cover your accommodation costs. Many universities and surrounding areas offer on-campus or off-campus job opportunities specifically designed for students. Balancing work and studies require careful time management, but it can be a valuable way to gain experience and contribute towards your financial responsibilities.   VI. Setting up a Payment Plan  1. Communicate with Accommodation Providers  If you are struggling to pay your accommodation fees, reach out to your landlord or accommodation provider. Discuss your situation and inquire about the possibility of setting up a payment plan that aligns with your financial capabilities.   2. Exploring Installment Options  Some student accommodation providers offer installment plans that allow you to pay your fees in regular, manageable installments throughout the academic year. Explore these options and determine if they can provide financial flexibility for you.   https://www.youtube.com/watch?v=Um1-4lhX8UE VII. Maximizing available resources   1. Housing Assistance Programs  Check if there are any housing assistance programs available in your area. These programs are designed to support students who may be facing financial difficulties in paying for accommodation. Research local government initiatives, nonprofit organizations, or community-based programs that help specifically for students.  2. Campus Resources  Explore resources on your campus that can help alleviate the financial burden of student accommodation. Some universities provide emergency funds, bursaries, or hardship grants to assist students in times of financial need. Additionally, they may offer programs or workshops on financial literacy and budgeting to help you make informed financial decisions.   VIII. Considering Alternative Accommodation Options   1. Off-Campus Housing  If on-campus accommodation is expensive or unavailable, consider renting off-campus. Look for apartments or shared housing options near your university that offer more affordable rates. However, factor in transportation costs and commuting time when considering off-campus housing to ensure it remains a viable and cost-effective option.   2. Homestays or Boarding Houses  Homestays or boarding houses can provide an alternative accommodation option, especially for international students. Living with a host family or in a boarding house can often be more cost-effective compared to other accommodation choices. Additionally, it offers an opportunity for cultural exchange and a supportive living environment.  https://www.youtube.com/watch?v=Dhe2ezcmKJw IX. Being Proactive in Cost Management   1. Energy-Saving Practices  Adopt energy-saving practices to reduce utility bills. Simple actions like turning off lights when not in use, using energy-efficient appliances, and being mindful of water consumption can contribute to significant savings over time.   2. Meal Planning and Cooking  Plan your meals and cook at home to save on food expenses. Preparing your meals not only helps you stick to a budget but also allows you to make healthier choices. Consider meal prepping or joining cooking cooperatives with fellow students to further reduce costs.   3. Second-Hand Purchases  Consider buying second-hand furniture, appliances, and other essentials for your accommodation. Thrift stores, online marketplaces, and university bulletin boards often have affordable options available. This approach can significantly reduce initial setup costs.   X. Regularly Reassessing Your Financial Situation  It's important to regularly reassess your financial situation and adjust your budget as needed. Keep track of your expenses, monitor your income, and evaluate your financial goals throughout the academic year. By staying proactive and adjusting, when necessary, you can maintain financial stability and successfully pay for your student accommodation.  XI. Encourage your parents to invest for you  Education costs and lifestyle costs have seen a sharp increase in the past few years. There are financial products that can help you keep up with them. If you are a student and your college is another 10 years away then introducing your parents to investment opportunities like mutual funds and investing in US dollars can be a good way to pay for your tuition fees as well as student accommodation abroad.   By adopting careful financial planning, exploring resources, and considering alternative options, students can successfully manage the cost of student accommodation, easing their financial burden and focusing on their academic pursuits.  Consult An Expert Advisor
5 ways to financially prepare yourself to send your child abroad 

5 ways to financially prepare yourself to send your child abroad 

Education is the most valuable investment. This is why millions of Indian parents aspire to send their children abroad for foreign education. Countries like the United States and the United Kingdom offer academic excellence and better infrastructure. But with the increase in tuition costs, sending your child abroad is tougher. 5 ways to financially prepare yourself to send your child abroad. 1. Start early with long-term financial goals   The first rule of saving is to start early. Examine your spending habits and eliminate unnecessary costs. Set aside a certain amount of funds on a monthly basis for your child's education. Saving and making investments early in life increases your chances of reducing your ability to procure loans and minimizing the effect on future cash flows.  Early Savings Help in Child's Future Read More 2. Estimate present and future cost  When calculating and budgeting, it is recommended to anticipate rising prices. The more funds you save now, you are in a better position to use them for your future needs. This gloomy outlook will ultimately allow you to improve your probability of establishing a prospective foundation that outweighs actual expenditures.  3. Consider inflation and currency exchange  While planning to send children overseas for higher studies, it is required to consider the country's inflation rate as well as the currency's potential depreciation fluctuations. Investigations and knowledge of historical inflation and depreciation trends will help calculate the additional amount required to manage education overseas. For instance, the falling rupee has directly affected the budgets of hundreds of Indians studying in the USA today and increased their cost of living and parents who wish to send their children in the future.   Why save 10 years in advance for Child's College? Read More 4. Find the best investment opportunities  Investigate medium- and long-term investment possibilities in which you may begin investing as soon as feasible. Determine your risk tolerance and investing capacity, and then invest accordingly. A well-diversified technique with an optimistic approach will allow you to develop a progressive investing strategy.  5. Speak with an investment advisor  Don’t shy away from consulting with an expert, if you are concerned and underequipped with your framework agreement. Investment advisers and foreign education professionals can assist you in analyzing your possibilities and establishing a more comprehensive and attainable approach.  source: pixabay What makes foreign education more expensive?  Without a doubt, the expense of studying overseas is more than the cost of education in India. The amount varies depending on the university, country, course, and length of the program. As a result, it is critical to choose universities that are within your financial means. The currency exchange rate and higher cost of living make foreign education expensive. Let’s look at more factors contributing to this cost!   1. Tuition Fees  Tuition fees are the largest mandatory expense. Depending on the course and location of study, it can vary. Master's degrees are more expensive per year than bachelor's programs.   Courses like Criminal Justice, Philosophy, English, and Mathematics are considered the most affordable subjects in terms of tuition fees. Courses like Health Sciences, Physical Sciences, Business & Nursing are considered the most expensive subjects in terms of tuition fees.   Tuition fees may be standardized or depend on the selected course. The report of probable tuition fees across the world's favorite destinations is as follows. 2. Academic Supplies  Another expense to prepare for is Academic resources, which range from textbooks and stationery items to computers and art tools. The report on average educational supplies costs worldwide are as follows: 3. Rent and Utilities Accommodation is usually the second-largest expenditure for overseas students after tuition. Students can rent accommodation in small towns closer to their universities to save on costs. The report on monthly rent cost country-wise is as follows: 4. Shopping and groceries  To cut down on costs, students can buy products that are at maximum discounts. Rather than purchasing big brands, students can buy cheaper brands that are more valuable. Students can plan to cook in batches and freeze the cooked meal for consumption. The report on country-wise monthly grocery costs is as follows: There are various other costs associated with being educated abroad. These costs include visa costs, insurance, and university commuting expenses. To manage all these examples, one must be financially prepared before sending your child for education abroad.   Higher education abroad is an enriching journey with several advantages; it can be affordable if you start saving consistently. These 5 ways can help you financially prepare yourself to send your child abroad and help them achieve their dreams stress-free! FAQs How do I plan for my child’s education abroad?   The first rule of saving is to start early. Examine your spending habits and eliminate unnecessary costs. Set aside a certain amount of funds on a monthly basis for your child’s education.   Saving and making investments early in life increases your chances of reducing your ability to procure loans and minimizing the effect on future cash flows.   Why do you want to send your child abroad?   Studying abroad has many benefits. The quality of education is outstanding in foreign universities. These universities also give students an opportunity to gain practical knowledge while studying. Leading companies are attracted to students graduating from top universities abroad. The experience of studying in a different country offers students a different perspective and boosts confidence.   How much money is required for foreign education?   International education is expensive. Parents need to start saving early to support their child’s education dreams abroad. A few tips to stay prepared for your child’s foreign education include:   Start early with long-term financial goals   Estimate present and future cost   Consider inflation and currency exchange   Find the best investment opportunities   Consult a financial expert   What are the benefits of children studying abroad?   Studying abroad has several benefits. It gives students global exposure and allows them to interact with people from different cultures. It also provides students an opportunity to be involved in research and development, which may be difficult to find in India.   Consult an expert advisor to get the right plan for you  TALK TO AN EXPERT
How much to save for an MBA course to study in the USA?

How much to save for an MBA course to study in the USA?

In the previous article, we discussed can we really do MBA in the UK for under Rs 25 lakhs. In this article, we will talk about how much to save for MBA in the USA for your child. The USA is the number destination for MBA but this course comes at a high price! Most MBA universities charge thousands of dollars in tuition fees and on top of that, there is the cost of living but there are many ways to reduce these costs. From scholarships to fee waivers to exploring savings opportunities, here is how much to save for your child’s MBA in the USA!   What is the cost of applying to study in the USA?  Before you start putting together the list of things your child will need for the overseas trip, here are a few things for you to consider. Prior to applying for admission to any of the universities in the USA, these are the expenses you must allow for:   CategoryAverage Amount (in INR) USA Visa Application0.12 lakhsSEVIS Fee0.27 lakhsTOEFL Exam Fee0.13 lakhsIELTS Exam Fee0.15 lakhsGMAT0.19 lakhsGRE0.16 lakhsAirfare0.45 lakhs to 0.85 lakhs  Add to this the cost of coaching and counseling required to crack the above-mentioned exams with good scores to enable you to get into the university of your choice. Planning for your MBA studies overseas must start at least a year and a half in advance. Check the intake period of the various institutes and ensure the applications and paperwork submission is aligned to the same.  Hidden Cost of Education in the USA Read More MBA fees in the USA  Once you have initiated the necessary exams and eligibility procedures, the search for the university that fits into your budget begins. MBA courses in the USA range from one year full-time to 2-3 years part-time or online programs. The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.   This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Further depending on the university, the location, and the individual lifestyle of the student, the annual expenses can range from Rs. 13 lakhs to Rs. 40 lakhs.   As you can see, if you are looking to send your child to the USA to pursue an MBA, you will need to cough up approximately Rs. 1 crore for the entire duration of the stay. This can be backed up by part-time jobs, campus jobs, and of course, scholarships offered by the universities, the US government for international students, and also independent scholarships offered to Indian students.   source: pixabay How to create a financial plan for an MBA in the USA for your child?  In light of the corpus required to do the MBA in the USA, planning your funds well in advance will help your child pursue this dream with ease. Here are a few tips that can help you get started early as you make plans for your child’s MBA studies in the US:  1. Start a college fund as soon as you decide on this goal: ideally having a 10-15 year investment duration is great. If you don’t have this time, start immediately as the corpus you will need is substantial.   2. Depending on the time horizon of your investment, here is how you will need to invest:  Long-term (10 – 15 years duration): High-risk and high-return investment in equities  Mid-term (7 – 10 years duration): Balanced investment portfolio with 65% in high risk, rest in debt instruments   Short term (3 – 7 years duration): Low risk, secure, low returns investment in debt instruments. The key is to keep your capital safe and your investments high. You can develop a more refined approach to investing with the help of professionals who understand your financial situation as well as your financial goals.  3. Follow a disciplined approach to your savings and investments.   4. Take the benefit of compounding growth of investment when you start early and do not dip into the college fund. Protect this fund as the dates for admissions are fixed and falling short of the required amounts will mean you may have to compromise on the institute/course that the child is opting for.   5. Regularly monitor your investments and realign these to ensure the corpus is building up towards your target amount.   6. Keep a watch on the universities that you plan to apply to, and watch the changes in their international student policies and fees.   7. Start your research early for the scholarships available, tracking eligibility and ensuring your child achieves the academic scores needed to apply for these, should the need arise.   Sending your child to the US for higher studies is a serious and long-term project. Start early and stay on top of the funds. This will make the entire experience of overseas travel and study a truly enjoyable one for your child and your family! FAQs How much money is needed to do an MBA in the USA? Pursuing an MBA in the USA is expensive; it is listed as one of the most expensive courses in the world while the USA is considered the most expensive student destination. The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.   This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. Further depending on the university, the location, and the individual lifestyle of the student, the annual expenses can range from Rs. 13 lakhs to Rs. 40 lakhs. How much does an MBA cost in the USA for Indian students? The average fee for an MBA course from a reputed university typically costs around USD 60,000 and can go up to USD 100,000 for the Ivy Leagues.  This translates into Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. How long is a full-time MBA in the USA? Full-time MBA in the USA is 2 years. The cost of pursuing an MBA in the USA for Indian students is Rs. 45 lakhs to Rs. 75 lakhs in terms of tuition fees. TALK TO AN EXPERT
Benefits of overseas education

Benefits of overseas education

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
The best colleges in the US for Tech

The best colleges in the US for Tech

USA is known for its technological advancements. Afterall, it is home the top 10 Schools of Technology in the USA! If you are going through indecision regarding choosing the best college for technology in the USA or are confused about your options, this is the blog for you.   1. New Jersey Institute of Technology  The New Jersey Institute of Technology, located in Newark city of New Jersey, is counted among the best colleges in the country. One of the perks of studying at this public university is that it is located in one of the prettiest cities in New Jersey. The other perk is, of course, the high rate of placements that over 90 percent of the students are known to enjoy every year. The degrees are offered in interesting subjects like biometrics, computer science, information technology, and so on.  2. Illinois Institute of Technology  Located in Chicago, Illinois Institute of Technology is known for offering degrees like Bachelor, Master, and research to prepare students for exciting jobs of the future. The subjects covered by these courses include artificial intelligence, theory of computation, information and communication technology, cyber security, and so on. 3. Rochester Institute of Technology The Rochester Institute of Technology is located in Rochester city of New York state. It is considered one of the best when it comes to schools of technology in America because it has an impressive employment rate that crosses 70 percent. Innovative and enticing courses are taught here including game design and development, computing exploration, new media interactive development, human-centered computing, software engineering, and so on.  Additional read: What are the best-fit colleges? 4. Rensselaer Polytechnic Institute Troy, a city in Rensselaer County of New York state, houses one of the best technical colleges in the US - the Rensselaer Polytechnic Institute. Part of the legacy of this institution is also because it is one of the oldest. It offers M.S., B.S., and doctoral degrees in computer science. The renowned department of computer science incorporates interesting subjects like artificial intelligence and machine learning. The campus is also well-known for its technology park that spans over 1250 acres and its on-site business incubator.  5. Stevens Institute of Technology  Stevens Institute of Technology is located in New Jersey, right across the river from New York state. It is most prominently known for a particular program it offers - the cybersecurity education program. Stevens is also famous for ensuring one of the highest placement rates in the country. Students can earn patents or collaborate with investors to work on their projects. The subjects covered are data science, cybersecurity, and computer science. 6. Georgia Technology Institute Another public institution located in Atlanta, Georgia, that ranks among the top 10 colleges in the US for technology is the Georgia Technology Institute. Other than being one of the best schools of technology, it is also one of the highest-rated for research. It offers employable degrees in courses like mechanical engineering, industrial engineering, computer and information sciences, bioengineering, and biomedical engineering, among others.  7. Lehigh University Located in Bethlehem, Pennsylvania, Lehigh University offers B.A. as well as B.S. degrees. Other than the core courses in computer science and business, it offers exciting electives in robotics, artificial intelligence, bioinformatics, data mining, mobile app development, and so on, thus prepping students to be the best performers in a corporate setting. 8. Michigan Technological University Michigan Technological University in Houghton city of Michigan state might not be the biggest institution in the US but it is one of the best when it comes to job placements. B.S. and M.S. degrees are offered here alongside research. Some very interesting courses taught here include human-computer interactions, parallel computing, and virtual environments.  9. Stanford University Stanford is unanimously considered one of the best schools on a global scale. No wonder it is one of the most hard-to-get-in institutes of technology. It is not simply the percentage of placements that make it a top institution in the country. The courses offered are also one-of-a-kind. These include biocomputation, artificial intelligence, human-computer interaction, and graphics among others. 10. Massachusetts Institute of Technology  MIT is the best, be it technology or any other discipline. Massachusetts Institute of Technology is considered the most prestigious among the top 10 colleges for technology in the USA and is located in Cambridge city of Massachusetts. The Department of Computer Science offers B.S., M.S., and doctoral degrees in data science, electrical science, and engineering, among others.  FAQs What is the number 1 tech school in the US? The best tech school in the US is Massachusetts Institute of Technology (MIT). It has the lowest acceptance rate and reputation of launching world's most talented founders. What college has the best technology program? The colleges with the best technology program in the USA: New Jersey Institute of Technology Illinois Institute of Technology Rochester Institute of Technology Rensselaer Polytechnic Institute Stevens Institute of Technology Georgia Technology Institute Lehigh University Michigan Technological University Stanford University Massachusetts Institute of Technology What college is #1 in the US? The #1 college in USA is Harvard University. Conclusion It is important to go through the details of the chosen course offered by these premiere institutions way ahead of time. This way you can be well prepared for the application procedure in case you want to opt for an education loan. You will also know if you need to develop certain technical skills that will make you a better candidate. Consult an expert advisor to get the right plan TALK TO AN EXPERT
Is it worth taking an education loan?

Is it worth taking an education loan?

Introduction The common myth about student loans is that they apply to only students who come from underprivileged family backgrounds. While education loans are crucial for meritorious students from not-so-well-to-do families, they can be a go-to event for families that can afford to pay for their kid’s education. You might wonder, why go for education loans when you have the money? Well, as understated as they are, education loans can help you inculcate some healthy monetary habits. They can help you compartmentalize your finances quite efficiently. Moreover, they come with a range of benefits.    https://www.youtube.com/watch?v=6eNtxkgpAbk a) Putting away pressure from other savings  A household runs on a variety of expenses, which is why it is so important to break these down. You can categorize your monthly income into expenditures and savings. When you compartmentalize, you can have some level of clarity on how much you would like to put away as savings. Saving for your child’s education is a brilliant idea but it is not entirely opposed to applying for education loans. This means that savings and loans are not alternative methods of securing your child’s education. In fact, they can go hand in hand in helping you manage your finances most effectively.  For example, covering all of the expenses related to your kid’s education it can take away all the strain on your savings and investments. You will no longer be required to liquidate your fixed deposits and mutual funds before their maturity period.  https://www.youtube.com/watch?v=O9P78xefVvQ b) Financial disciplining  Having money put away for your child’s education is a great decision on your part but that should not come in the way of your child learning to be self-dependent. In fact, education loans are a great way to teach your kid to manage their own finances.  It is a great start to the art of setting financial goals and meeting them no matter what. This kind of financial discipline can go a long way in teaching them to be responsible beings as they grow up.  Apply for Education Loans c) Creditworthiness & its rewards  Student loans are a great way to build credit. With the increasing credit score, your child will be qualified for future loans of this nature. It will instill self-belief in them regarding their capacity to be self-sufficient.  With education loans, you get to borrow money at relatively lower interest rates. On top of that, an impressive credit score makes your child more qualified to avail of future credits at low-interest rates.  d) Crucial if you are planning to go abroad  Education loans are particularly useful if the plan is to go out of the country for higher education. Global education takes into account not only tuition fees as an expense but also the cost of living, among other things. You should also consider that the value of the Indian currency has been depreciating for many years against most foreign currencies like the US Dollar. As such, the cost of sending your child abroad becomes exponentially high when weighed against the cost of sending them to a different city in India for higher education.  Thus, in most cases, your savings will not be adequate to support your kid’s education abroad, unless you have been saving for a child's education from an early age. If the candidate is worthy enough of the financial support, student loans are not only easy to avail, of but also within the capability of students to pay off simultaneously as they receive their degrees from reputed institutions abroad. Start Investing in Mutual Funds e) Tax benefits  Last but not least are the tax benefits that come as an added advantage to availing of education loans. Under Section 80E of the Income Tax Act of India, the interests paid on education loans can be claimed as deductible. This means although tax benefits can not be applied to the principal amount of a loan, one can be exempt from paying the interest amount. Once your taxable income has been evaluated, you can avail of this tax benefit on your interest money without any higher caps. Such benefits are usually availed either by the candidate who is pursuing an undergraduate or postgraduate course or by their legal guardian.  FAQs Is it wise to take a student loan? Yes, it is wise to take a student loan if it can help you sponsor your education or your child's education. Depending upon the interest rate, the repayment horizon, and the ROI of your course, you can determine whether or not you can afford the EMIs on your salary. What are the benefits of availing of an education loan? The biggest benefit of availing an education loan is the ability to finance your studies. It helps students across the globe pay for college and build a career for themselves. Other benefits of taking an education loan are affordable interest rates, grace period and repayment flexibility for students, tax benefits, help build credit, and help you save your savings for other financial goals. What are the disadvantages of education loans? There are many disadvantages of education loans - High interest rates and costly EMIs Loan repayment can last up to 15 - 20 years Students have to pledge collateral if the amount is higher Non-payment can lead to heavy penalties and affect your credit score Can induce stress and increase student debt in case of non-payment Conclusion Education loans are definitely a good idea because they can ease up not only your child’s educational path but also their prospective career routes. There are various kinds of education loan schemes available in the market. The things that you must consider while making this choice are low-interest rates, tax benefits, credit limits in the case of global education, and so on. Weigh your options carefully while choosing the best one for you.
Top 5 business schools in the world

Top 5 business schools in the world

The top five business schools in the world according to current rankings are based in the UK, the USA, and France. These universities have the lowest acceptance rate in the world. Choosing the best business school that suits you requires effort. A lot of work goes into setting goals and achieving them, especially if you are considering global education. We have prepared a list with brief overviews of each of these reputed institutions for you to choose from.  1. Harvard Business School, USA Harvard is a brand in itself. Studying at Harvard opens up a ton of possibilities that can create a real impact on your career roadmap. Located in Boston, Massachusetts, Harvard Business School is part of Harvard University, one of the most well-reputed institutions in the world. Harvard Business School is known for its consistent top rankings as one of America’s best colleges and for the range of courses, it offers.  Other than a full-time MBA course of 2 years, it offers doctoral programs related to management courses and other executive programs. Becoming part of this college also means you can get your works peer-reviewed and published by Harvard Business Publishing and Harvard Business Review. Harvard offers the space for students to become part of different clubs and organizations as part of their growth beyond the classroom. This makes Harvard’s campus life one of the best that one can hope for. 2. INSEAD, France INSEAD stands for 'Institut Européen d'Administration des Affaires.' It began its journey in the 1950s as a graduate business school that branched out in Abu Dhabi in the Middle East and Singapore in Asia, other than France.  Photo by Mikael Blomkvist from Pexels Today, INSEAD in Fontainebleau, France, is most well-known as one of the best business schools worldwide. Its famous MBA program has had the highest ranking for years. As a graduate business school, INSEAD offers a full-time MBA program, a master's program in Finance, an executive MBA program, a master's program in Management as well as a Ph.D. program in Management, among other courses. INSEAD follows Harvard in the art of making some of the most successful CEOs in the world. 3. MIT Sloan School of Management, USA  Situated in Cambridge, United States, the Sloan School of Management is part of the Massachusetts Institute of Technology. MIT is an organization that believes in innovating new forms of practical research in academics. The same kind of ideal is followed by its business school.  Sloan School of Management or simply Sloan offers courses that go hand in hand with Harvard. In fact, Sloan collaborates with Harvard Business School in offering cross-register facilities for various courses. MIT Sloan is known for developing revolutionary and influential ideas and concepts in finance and management. Student life at Sloan School of Manganemt can be particularly rewarding as some of the best minds have been nurtured here on the campus that also produced Nobel Laureates in economics.     4. London Business School, UK London Business School was established back in the 1960s. It is a part of a larger federal institution, the University of London, famous in its own right. LBS is a college that grants postgraduate degrees to students while offering courses like MBA, Masters in Finance and Management, Ph.D. courses, and so on.  LBS has its main campus in Sussex, London, near the famous Regent’s Park. It is undoubtedly one of the premier business schools worldwide. It has been able to live up to its famous motto - “To have a profound impact on the way the world does business." 5. Stanford Graduate School of Business, USA  As the name suggests, Stanford Graduate School of Business is the graduate business school, under the parent institution, Stanford University. The GSB is based in Stanford, California, and is one of the most opted-for business schools in the world.  Every academic admissions session witnesses a cutthroat competition to enroll in the GSB because it takes in only about six percent of applicants from all over the globe. It has a wide and beautiful campus. Other than offering a general management MBA degree course, it offers Ph.D. courses, executive management courses, and an online certificate course called LEAD.  FAQs Which are the top 10 MBA colleges?   Here are the top 10 MBA colleges: Stanford Graduate School of Business, USA   Harvard Business School, USA   Penn (Wharton), USA   HEC Paris, France   MIT (Sloan), USA   London Business School, UK   IE Business School, Spain   INSEAD, France   Columbia Business School, USA   IESE Business School, Spain   What are the 5 best schools in the world?   The list of 5 best schools in the world:   Massachusetts Institute of Technology, USA   University of Cambridge, United Kingdom   Stanford University, USA   University of Oxford, United Kingdom   Harvard University, USA   Which is the number 1 college for MBA in the world?   Stanford Graduate School of Business, USA   According to the QS World University Rankings 2022, Stanford Graduate School of Business is the best college in the world for an MBA.   What is the number 1 business school in the world?   Harvard Business School, USA   Located in Boston, Massachusetts, Harvard Business School is part of Harvard University, one of the most well-reputed institutions in the world.   Conclusion Factors like location, faculty, curriculum, peers, rankings, reputation, and your post-MBA career path will come to matter while looking for business schools. The institutions listed above have qualified as top-notch business schools that check all of these boxes. Thus, there is no time to waste. Especially if you want to opt for an education loan to get to your dream college. Start prepping yourself as soon as possible to get enrolled in one of them and have one of the most rewarding experiences of your life. Set your academic and financial goals judiciously so that no constraints can come in the way of your dreams.
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