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Countries under 50 lakhs for your child's masters!

Countries under 50 lakhs for your child's masters!

Studying abroad is becoming the norm with thousands of Indian students applying to foreign universities every year. The reason behind the trend is better job opportunities, global exposure, and a chance to enter the international workforce. But studying abroad can be expensive, from tuition fees to living costs the expenses can pile up quickly and scare any parent. That is why here is a list of countries under 50 lakhs for your child’s master that you can consider!  1. Ireland  Ireland tops the list of countries under 50 lakhs for your child’s master. The country is home to some top-notch universities offering diverse programs, scholarships, and post-study work visas to earn back in Euros! Ireland offers incentives like shorter courses – one-year programs, flexibility in curriculum to take up part-time jobs, and placement opportunities. The cost of studying master's in Ireland can range from Rs. 30 – 45 lakhs, and students can opt for cheaper accommodation like homestays, shared rooms, and dorms to reduce living expenditure and work during free time to make up for the cost. There are many scholarships, fee waivers, and government incentives that can help your child stay within the budget even in a foreign country!  2. Singapore   Singapore is another brilliant destination to consider if your child is on a budget. The average cost of studying in the country is 50 to 55 lakhs. There are amazing part-time job opportunities to keep up with the living expenses of studying and living in the country. Singapore can be more expensive, especially when compared to other Asian countries. Singapore is a go-to place if your child wants to study STEM courses and build a career in a similar field. Another great incentive to apply to Singapore from India is that its top universities recognize popular entrance exams like JEE and GATE as a part of the application process!    3. Netherlands  The Netherlands is an unexplored destination and at the top of countries under 50 lakhs for your child’s masters! Higher education in the Netherlands is subsidized to make it affordable and accessible to a majority of students. The tuition fees vary based on the course your child chooses but the average cost of attendance is generally between Rs. 6 - 15 lakhs. The application process is simple and similar to the UK or USA registration process. The country is great if your child is on a budget, wants to explore different European countries while studying, and wants to send your child to a safe country.   Additional read: Can your child do an MBA in Canada for under 40 lakhs? 4. Germany Germany is famous for offering tuition-free college experience. While that may be true for some degrees and some qualified students, it is not uniform. Public universities charge mandatory semester fees (Rs. 8 to 30k) to students while private universities charge tuition fees that can go up to Rs 1 to 2 lakhs per semester. The monthly cost of studying in Germany is somewhere between Rs.60 to 70k depending on where your child is staying and their daily expenses. While Germany is not cheap, it is cheaper to pursue a master's in comparison to countries like the UK, USA, or Australia. 5. Hungary  Hungary is one of the countries under 50 lakhs for your child’s master. The country is home to nearly 35,600 international students and offers tuition fees in the range of Rs. 2 to 3 lakhs. Technical courses like Medicine and Engineering may cost more than the average tuition fees. The cost of living in the country is similar to that of Germany, it can cost anywhere between Rs. 60k to 70k to live in the country.      If you and your child are on a budget then these countries under 50 lakhs for masters are a great alternative. They offer quality education, quality life as well as global exposure. With saving and budgeting, you can easily take care of this cost and uplift your child’s future!  FAQs Which country is the cheapest to do a Master's for Indian students? There are some countries that are affordable for Indian students for masters such as Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway, and Ireland. Which country is the cheapest to study for international students? There are many countries that are considered cheap for international students. Some of them are Germany, Russia, Ukraine, Hungary, Netherlands, Singapore, Norway and Ireland. Can I study abroad for 20 lakhs? Yes, it is possible to study abroad in 20 lakhs. There are many post-diploma courses and short-term courses for 6 months or 1 year that can cover your fees and cost of living.
10 Benefits of Studying in Canada!

10 Benefits of Studying in Canada!

What is the appeal of studying in Canada? In the last 8-9 years, Canada has steadily grown in social standing as the desired location for higher education. It ranks among the most popular destinations for Indian students. Indians make up 41% of Canada's international student body and our the largest student group in the country. Quality education, graduate assistantships, and many government policies regarding immigration are some of the reasons why you should consider Canada for your child’s higher education.  For students who are seeking programs that are cost-effective and shorter in duration, allowing them to cut down on living expenses, Canada has the most acceptable community education system in the world. https://www.youtube.com/watch?v=2d3XNHbB8II&t=84s Source: EduFund Major Benefits of Studying in Canada 1. Academic Skills Education is a federal responsibility, regional governments ensure that the standard of education is uniformly high across Canada, no matter what kind of institution - college/university. Regarding educational streams, all types of programs from different strands are accessible in Canadian academic institutions. Financing Children's Masters in Canada Read More 2. Developmental skills Co-operative work is a wonderful concept in Canada that supports students with employment options in their related sectors while attending university. As a result, an engineering student is granted the chance to participate in work for an engineering firm while studying. This gears up students for actuality by exposing them to a work situation early and instills professionalism with skill development. 3. Quality of life  Canada has repeatedly been graded as being among the world's safest countries. The Global Peace Index ranked Canada as the sixth most peaceful place in the world in 2018. International students enjoy the same entitlement as any other Canadian student. Standard of living also refers to necessities of life such as atmospheric air, safe drinking water, the feeling of space, and so on, as well as other life-related factors such as significant exposure to the best health care services, and strong educational infrastructural facilities.  Can your Child Study MBA in Canada for under INR 40 lakhs? Read More 4. Cultural diversity  Canada is a friendly and accepting community. Individuals from different countries of the world have been planning to migrate to Canada for a long time. This gives Canada a competitive advantage in terms of diverse cultures. Canadians respect other cultures and see them as a symbol of motivation and strength. Students can enjoy festivals of all racial backgrounds year-round, and the best part is that the festivities are not confined to the ethnic community. Still, the rest of the country embraces all festive celebrations. 5. Immigration opportunity  Since overseas students spend much time in Canada, they will become potential Canadians. They are given adequate opportunity to comprehend and adopt Canadian culture while studying and up to three years to recognize Canadian work culture. What it ends up in is likely to be prospering once the studies are completed. Indian students are opting for Canada for their university education, and interest in Canada is growing significantly yearly. https://www.youtube.com/shorts/x9B8449Iuw4 EduFund The number of Canadian college graduates between 2000 and 2019 From 2000 to 2019, the number of university graduates in Canada increased Number of postsecondary graduates in Canada in 2019, segmented by degree type Better paying jobs for children of Canadian immigrants According to a Statistics Canada report, the children of economic immigrants attend school longer and have higher-paying jobs than the typical Canadian-born employee. By the age of 30, the children of economic immigrants in Canada earn more than the average Canadian worker by 29.3%, commanding a median annual wage of $55,500 versus the $42,940 made by the average Canadian employee of the same age. Economic immigrants' children can command higher wages because they attend college or university at a higher rate than Canadians. International students in Canada International students enrolling in formal education increased from 142,170 in 2010/2011 to 388,782 in 2019/2020 in just ten years. As a result, by 2019/2020, the amount of international enrolled students improved from 7.2 percent to 17.8 percent. Within ten years, one out of every ten international students arrived in Canada in 2000 or became a landed immigrant. As a result, new ideas are being inspired, innovation is being boosted, and people-to-people relationships are being strengthened, all of which are important for international commerce and worldwide trade. The number of international students intending to study at the secondary and primary school levels has been declining in recent years. Meanwhile, that has been countered by an increase in the percentage of individuals planning to study for a college or master's degree. https://www.youtube.com/watch?v=NZeyrQNJ9Kc More Advantages of Studying in Canada 1. Affordable and Quality Education Compared to other options such as the US and the UK, Canada offers a highly affordable and quality education for its students. Education fees may differ depending on your chosen university, but you can still save a lot of money while studying in Canada. These universities and colleges offer high-quality academic programs and research opportunities and are consistently ranked among the top global institutions.  2. Cost of Living A single person's monthly cost is approx Rs. 83,307.6 (1,347.1C$) excluding rent.  Most institutions offer courses with tuition fees starting from CAD 15,000 (Rs. 9,03,999). The cost of living for a single student is around 880 CAD (Rs. 53,034) per month. Monthly expenses including rent are approx $1,708 per month per person and $3,911 for a family of four.  If we count accommodation, food, clothing, groceries, health, transportation, entertainment, travel, etc., a student will require approx Rs. 9,00,000 to Rs, 22,00,000 to cover all expenses. (CAD 18,340 approx). To counter this, students can apply for an International Student Identification Card upon their arrival in Canada. This provides many benefits to the global student community such as discounts for shopping, culture, food, access to student services and facilities internationally, etc. It helps prove your student status in over 130 countries since it is the only internationally recognized proof of full-time student status endorsed by UNESCO.  3. Standard of Living After reading about the cost of living in Canada, you might say it is expensive, however, the standard of living here makes it all worth it. High-quality education, lucrative job opportunities, cultural diversity, and accessibility of public services on par with its own citizens make Canada one of the countries with a high standard of living.  4. Safety and Security Canada takes its student safety very seriously, particularly for international students. Students living on campus have a 24-hour security measure in place for them. Canadian citizens on the other hand are warm and welcoming and respect diverse cultures making these students feel comfortable in their home country. There are many safe options for student accommodation outside the campus as well.  5. Work opportunities for students  The study permit in Canada allows international students to work up to 20 hours/ week, which helps them supplement their income. Apart from the opportunity to earn extra income, students also get to experience the professional environment of working in Canada. However, be mindful of not violating the terms of this study permit which can lead to loss of student status and permission to work in the future.  6. Job Opportunities Canada provides a Post Graduate Work Permit (PGWP) to its international students which allows them to work for up to 3 years after the completion of their course. However, a PGWP is issued only if you have graduated from a Designated Learning Institute. Also not all Designated Learning Institutes and programs of study make you eligible for PGWP. There are several other criteria you need to fulfill. Go through them carefully then make an informed decision.  Several immigration policies also allow students to apply for permanent residency and work while they study.  FAQs How much does it cost to study in Canada? The cost of studying in Canada depends on your chosen institution, your type of education/ course, as well as your living expenses. However, the cost would be approximately CAD 36,000 (INR 22,00,000) a year for international undergraduate students and CAD 21,100 (INR 13,04,434) a year for international graduate students.  Is it safe for female students to study in Canada? According to the Canadian Bureau of International Education (CBIE) annual international student survey of 2021, 79.2% of respondents consider Canada to be a safe and stable country. Plus, the on-campus 24-hour security measure allows you to be tension-free regarding the safety of your child. So, yes it is safe for girl students.  Which are the best places to study in Canada? Montreal, Toronto, Vancouver, Ontario, and Quebec City are some of the best places to study and work in Canada. These places also offer several part-time job opportunities for international students.   What is a Letter of Intent (LOI) and do I need to submit it to study in Canada? A Letter of Intent is a document that states your reasons for studying in Canada, your professional and academic goals, and your past qualifications in your home country.  Yes, you need to submit the LOI to acquire a study permit in Canada.  Can students work while studying in Canada? Yes, the study permit in Canada allows you to work for 20 hours/ week. You have to be careful not to violate the terms of the study permit.  One of the main reasons students like to study in Canada is the high quality of education. Many Canadian universities offer cutting-edge innovative exploration and new technologies. Canadian universities typically hold the highest international rankings and offer amazing placements and a chance to live in the world’s most peaceful cities in the world. Hence, considering Canada for your child's higher education is a good choice.
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.
11 reasons to study in Australia

11 reasons to study in Australia

Australia, the land of incredible opportunities and job scopes is known for its top-class educational facilities. It is an excellent choice for international students who want to study abroad and gain vocational and technical education innovatively and effectively. There are several reasons why children who study in Australia have found the experience academically and emotionally rewarding. Let us go through some of them. Get an education loan for Australia at just 9.85%! https://www.youtube.com/shorts/Ew2MC3RCo68 https://www.youtube.com/shorts/Gs1p_6rVuI8 Important reasons to study in Australia 1. World-class institutions Out of the top 100 global universities, the best-known six, including the University of Sydney and the University of Melbourne, are located in Australia. The world-class institutions offer international standards of education in fields like technology, finance, medicine, accounting, engineering, etc. The technologically-advanced classrooms, impeccable lectures, outstanding training facilities, and extensive support services are a magnet for international students who aspire to study abroad.  2. Teaching and learning process Parents should send their children to study in Australia because of a unique education system that supports innovative teaching and advanced learning programs. The strategies encourage students to become critical thinkers so that they can easily achieve their personal and professional dreams later on.  3. Globally-recognized programs The degree programs offered by Australian universities are authorized by the Australian Qualification Framework (AQF) and accepted by national and international agencies adding high value to the acquired qualification.  4. Affordability Both the college fees and the cost of living in Australia are affordable if someone has planned their finances well. The government also offers different earning opportunities to students that prove an immense help in meeting daily expenses successfully.  Additional read: Fund your child's master's in Ireland 5. Scholarships Lots of students want to study abroad but are unable to do as it is an expensive affair. In Australia, almost 300 million dollars worth of student scholarships are for grabs every year. If your child is one of the lucky ones who has managed to win a scholarship for higher education then they are up for a winning ride.  The Edufund App has a dedicated team of experts who provide support for children’s overseas education. They counsel students and their parents so that it becomes possible to apply for scholarships and make their dreams true.  6. Advanced research opportunities  Australia offers advanced country-based research opportunities to learners who want to boost their careers with help of research and development. Several universities spend a significant budget on R&D to ensure progress in different fields. They also offer fellowships to interested students to undertake research in their area of choice.   7. Easy access to student visas One of the major reasons why students prefer to study in Australia is because of the easy accessibility to a student visa. The process is simple and quick for applicants who have their health insurance and finances in order.  8. Gain work experience and earning opportunities along with studies Students in Australia are allowed to work 40 hours every two weeks or 20 hours every week during the semester and full-time during the semester break. This is a golden opportunity for students who want to gain work experience and earning opportunities along with their studies.  The minimum wage for part-time jobs is 17 dollars per hour and this earning opportunity is a blessing in disguise for students struggling to meet their financial needs.  8. Multi-cultural society Australia boasts of a multicultural society that promotes cultural diversity. This place is a boon for international students with diversified backgrounds who can easily find familiar people within the communities.  9. Safe environment According to the UN’s World Happiness Report, Australia is among the top 10 safe and happy places in the world. The government has a strong infrastructure in place that provides security and safety to all its citizens including domestic and international students all over the country.  10. Student support system The Australian government has an excellent student support system in place that provides help to international students facing any issues. The Federal Department of Education in Australia operates an easy-to-contact helpline that offers help to students with issues related to safety, accommodation, education or work, etc.  11. Numerous employment opportunities The career-focused programs offered by Australian universities offer extensive knowledge in different subjects. The diverse curriculum empowers students with the necessary skills to face challenges in the outside world and gain employment opportunities.  https://www.youtube.com/watch?v=TNVvKy460dQ Conclusion Australia has proved itself as one of the most welcoming education providers in the global arena. International students who study in Australia are attracted because of the interactive learning environment, globally-acclaimed universities, affordable educational programs, and scenic attractions. Moreover, the country is known to open new doors of opportunities that promote personal and professional growth. Consult an expert advisor to get the right plan TALK TO AN EXPERT
Education loan process for Germany

Education loan process for Germany

An education loan is borrowed to cover the costs of post-secondary or higher education costs of students. Education loans cover tuition fees, textbooks and supplies, and daily costs while the borrower pursues a degree. Get 100% coverage for your education loan with EduFund https://www.youtube.com/watch?v=fufyFB9aMQI Germany - A world-class education system https://www.youtube.com/shorts/ly0C1VM7YFc Germany is home to brilliant minds such as physicist Albert Einstein and philosopher Karl Marx. International students who decide to pursue their studies can expect to encounter cultural diversity, friendly natives, and a high level of education.  Students would be relieved to learn that the vast majority of public colleges in Germany have now had their tuition costs waived. Students would only be needed to pay an administrative charge at the start of each term. The cost of living in Germany is deemed reasonable, putting less financial strain on Indian students interested in studying abroad. Overseas students will also be allowed to work part-time to help with living expenses, making life even more affordable. Overseas students may work up to 20 hours per week. This part-time work opportunity will help students reduce their living expenditures and provide them with important job experience in their subject of interest. Like most other universities, international students can take advantage of the many scholarship programs mentioned on university websites.  Germany's world-class education system, excellent industrial interface, innovative and research-based environment, and multicultural opportunities make it an outstanding choice for students studying abroad. Student loan for study in Germany Low tuition costs, a high standard of living, quality education, secure and safe environment are just a few of the features that make Germany an appealing study destination for students from all over the world. Germany has something for everyone. International students who want to further their studies may expect to encounter cultural variety, friendly natives, and a high level of education in Germany. Students would be relieved to learn that the majority of public colleges in Germany have already had their tuition costs eliminated. Students would only need to pay an administrative charge at the start of each term. Expenses covered under the education loan During registration, the university will provide you with documentation that clearly states the cost and the total amount required to complete the selected course. Please keep in mind that, while institutions in Germany do not impose a tuition price, students incur other expenditures during their residence in the country that are covered by the loan amount. However, an institution's loan would be purely for educational purposes and would not support personal expenses. The loan amount approved would cover: Tuition costs (if any) Spending on lodging Caution with deposit funds (security) Expenses for travel Study visits and project work. Purchase of books, a laptop, and office supplies Other required costs associated with completing the course https://www.youtube.com/watch?v=TNVvKy460dQ Documents needed for an education loan to Germany Education Loans are given to deserving students who want to study in Germany. However, even before the bank can execute the loan amount, the borrower must provide several documents. These are some examples: Admission letter from the college/university A completely updated application form Documents about the cost of study Identification evidence, proof of residence, and the borrower's PAN number Bank records of the student/guarantor/co-borrower Statement of assets for the student/guarantor/co-borrower Proof of income from the student/guarantor/co-borrower Additional read: Best ELSS Funds for child’s higher education Student loans in Germany from 1991 to 2020 From 1991 to 2020, this statistic illustrates the number of students in Germany who received a student loan. In 2020, 465,543 students received student loans, a reduction from 489,313 the previous year. The German academic year is generally split into two semesters: winter and summer.  The actual start and end dates of classes may vary depending on the institution or university attended, along with the nature of the course. In recent years, the number of first-year students has decreased in the winter semesters, possibly due to factors such as altering education laws and specific course acceptability rules or electing to pursue an apprenticeship instead of a degree. In 2020, German institutions issued 236,472 bachelor's degrees. This was a reduction from 2019. The average age of German first-degree university graduates has decreased in recent years, indicating that students are starting and finishing their studies earlier rather than later. The current average age is 23.6 years old. College expenses comparison Here is a list of nations based on the number of students, tuition costs, and average student loan debt. Germany is one of the countries where college tuition is not charged, albeit this varies depending on whether you are a local or an international student. Conclusion German universities provide a diverse range of courses and degrees. In terms of topic areas, law, economics, and sciences had the most students enrolled, followed by engineering.  Managing your expenses is a critical obstacle you must overcome as an international student. It's advisable to start planning your money and how you'll fund your living cost and educational expenses in Germany. Parental income, financial assets, part-time employment, scholarships, and student loans are all options for funding your studies in Germany. Consult an expert advisor to get the right plan TALK TO AN EXPERT
India need a higher education savings fund. Find out why!

India need a higher education savings fund. Find out why!

Parents now need to plan their children's higher education far in advance due to the rise in education costs in India as well as abroad. It would be a risk to rely solely on student loans to obtain the necessary money for your child's higher education. In this blog, we will discuss everything about higher education savings funds and why India needs a higher education savings fund. https://www.youtube.com/watch?v=uYlrsx9_yog&t=1s What is a higher education savings Fund? A higher education savings fund is an investment vehicle that aids in building up funds for educational costs and offers tax-free withdrawals for certain higher education expenses. Tuition, books, equipment, and other significant costs are all permitted. Why does India need a higher education savings fund? There are numerous benefits for Indians who are planning to invest in a higher education savings fund. Mentioned below are a few of them: Parents have the convenience of saving for their child's education in one place with a higher education savings fund. Parents or investors don't need to consider how much of the fund should be allocated to debt or equity because the fund will do it on its own. Because it is an automatic investment, the specified sum is invested responsibly. The account is entirely in the parent's control. Subject to some limitations, close relatives may also contribute to the account in the form of gifts Problems faced while investing in education savings funds The parents do face some common problems while investing in their kid's education, as it is difficult to figure out how much to save for a child's higher education. The following are some of the challenges Indian parents have while setting up a higher education savings fund: Most parents are not aware of higher education savings funds, so they end up making unorganized plans for their investments and savings, which usually don't work out. You can always get in touch with our experts at EduFund to know how to invest your money and fulfill the dreams of your kids. Some parents fail to keep track or are not aware of the inflation rates. Thus they end up estimating a lower amount of money their child would need to spend on their higher education. It can be challenging for many parents to establish and keep track of investments over a lengthy period, making it tough to save enough money for children's higher education How to invest in higher education savings fund in India The Sukanya Samraddhi Scheme, mutual funds, and children's insurance policies from insurance firms are the most popular investment options in India for your child's higher education. The government's Save the Girl Child, Teach the Girl Child (Beti Bachao, Beti Padhao) campaign included the introduction of the Sukanya Samraddhi Scheme, a deposit scheme for young girls. A Sukanya Samriddhi Yojana account can be opened as soon as a girl is born, up till the age of 10. Any post office or authorized commercial bank branch may open one. It remains operational until the girl decides to get married or until 21 years have passed since the account was first created. When she reaches maturity, you can withdraw half of the balance to use for her higher education. Because the majority of the policies have risk elements attached to them, it can be challenging for investors to select the optimal type of investment. Below we have mentioned the top mutual fund schemes in India for education savings. Top mutual fund schemes in India for education savings NameIdeal forTata Young Citizens' FundInvestors seeking a balanced strategy to saving while thinking ahead for their children's requirements.SBI Magnum Children's Benefit FundPeople who want to meet their children's future financial demands by finding long-term capital growth as well as steady employmentHDFC Children's Gift FundInvestors who desire long-term financial growth in addition to a stable income to provide for their children's needsAxis Children's Gift FundLong-term capital growth is what investors need in order to meet their children's financial demands in the future. In addition, when it comes to educational costs, investors should not consider factors like growing inflation rates. India is in desperate need of an investment vehicle like the National Pension Scheme NPS to garner funds for meeting Higher Education Expenses.  The fund for higher education savings should be of low cost to many pension fund managers  and offer different investment plans. In order to encourage parents to save for their children's higher education, the Indian government should offer certain tax incentives on withdrawals. You may speak with financial experts at EduFund if you're unsure about where or how to invest. By using EduFund to invest your money, you can support the dreams of your kids. Install the EduFund app on your device to book a free consultation call with the experts. Consult an expert advisor to get the right plan TALK TO AN EXPERT
8 ways to fund child’s masters in Ireland

8 ways to fund child’s masters in Ireland

Ireland is a preferred destination for international students as it offers easy access to quality education and job openings post-study. Sending your child for a master's in Ireland is a dream come true for parents as it opens numerous doors of opportunities in both, personal and professional lives.  The globally recognized universities maintain international standards and thus attract lots of students from all over the world. It is a fact that nearly 35,000+ students are currently enrolled in Ireland universities and colleges and the majority are studying for their master’s degrees.  Studying abroad requires a lot of money and parents often are in a dilemma about how to arrange the required funding for their child’s master's in Ireland. Let us discuss the length and cost of the degree and some simple and effective ways of arranging the required funds. https://www.youtube.com/shorts/WdQuvSpwrVQ Master’s degree in Ireland The master’s degree takes at least one year of study to complete but some of them, especially the research-based programs, last even for up to two years.  EEA and EU Students are expected to pay €4,400 to €10,000/year but the fees for subjects like medicine and business range from €20,000 to  €30,000/year. Other international students are expected to pay between €9,950 – €34,500/per year. Steps to fund child’s masters in Ireland 1. Personal savings Some parents start investing in their child’s education quite early and have a decent amount of savings that can be used to fund the master’s degree in Ireland. Sometimes, students have a work experience of a few years and they manage to save some money that can be used partly to fund their education.  2. Parental sponsorship If parents are the education sponsors of a child then parental sponsorship is accepted in Ireland as valid financial aid.  The students need to submit the necessary documents that will prove parental income.  3. Education loan An education loan is one of the best ways of arranging the funds for studying abroad, especially if the student does not have the support of his parent’s income, scholarship, or grant. It is available through financial institutions like banks or private lenders.  The Edufund App helps Indian parents to plan, save, pay and arrange for education loans so that their child can complete their education and fulfill all their dreams.  4. Scholarships and fellowships Several scholarships and fellowships are available as financial aid for a master’s degree in Ireland. The amount of scholarships often covers 100% of tuition fees and a large part of living expenses. Students can apply for university scholarships or government scholarships. But it is important to conduct thorough research beforehand to know about the applicable terms and conditions in detail. Some of the popular scholarships and fellowships for international students are Government of Ireland International Education Scholarship Government of Ireland Postgraduate Scholarship Programme Irish Aid Fellowships The Walsh Fellowship Additional read: How to fund child's masters in Dubai 5. Grants and bursaries Several universities offer grants and bursaries to eligible students who are interested in pursuing master's in Ireland. Parents can arrange the necessary funds for their child’s education through these financial aids.   6. Fee waivers Individual universities offer reduced or free tuition fees to students who are excellent at their studies. Students can apply for a fee waiver if they meet all the eligibility criteria as it is an important means to arrange the necessary funds for a master's degree in Ireland.  7. Part-time jobs International students in Ireland are allowed to work up to 20 hours every week during their semester. Part-time jobs are a vital source of funding to meet some of their related expenses effectively. Moreover, some students manage to find work in the same field as their ongoing studies and this helps them to gain work experience for future reference.  8. Professional consultants Some parents find it difficult to plan for their child’s education, especially if they want to go abroad. In such times, professional counseling becomes a necessary tool to conduct thorough research and come up with a feasible plan.  The professional consultants associated with the EduFund App can help create a financial plan to fund your child’s master's in Ireland. This includes saving for expenses in the right way or borrowing funds from the best possible institutions at minimum interest rates. FAQs What is the best way to fund your child's foreign education? The best way is to invest in your child's higher education and use that investment to fund it. An investment in mutual funds can easily beat inflation and college costs, help you manage payments in foreign currency and allow you to pay out of your pocket without taking on any debt or digging into your family savings. Investing early on for your child's higher education can be a boon for your entire family and their future. Can international students work in Ireland? International students in Ireland are allowed to work up to 20 hours every week during their semester. Part-time jobs are a vital source of funding to meet some of their related expenses effectively. Is it affordable to study in Ireland? Ireland is an upcoming study destination for Indian students. It's affordable and allows you to study in the heart of Europe. It's one of the countries where English is spoken easily and allows Indians to adjust easily and build a career in a thriving economy. Conclusion The excellent education system and numerous choices in all subject areas make the country an excellent destination for students who want to pursue their masters in Ireland. The cherry on the pie is the partnerships between educational institutions and the various industries and firms that open doors for job opportunities post-study. Consult an expert advisor to get the right plan TALK TO AN EXPERT
Find out the cost of studying in Ireland

Find out the cost of studying in Ireland

Wondering what is the cost of sending your child to Ireland? You are in the right place, here is a breakdown of what it costs to send your child to one of the most affordable destinations in Europe! Get a loan for your higher education in Ireland at 9.85% https://www.youtube.com/watch?v=fufyFB9aMQI Average tuition fees of universities  The students of Ireland get completely free bachelor’s degrees according to the scheme put forward by the government. All the costs are covered by the Higher Education Authority. All international students (both EU/EEA and non-EU/EEA citizens) have to pay a student contribution fee of a maximum of 3,000 EUR/year for student services, like examination entries and support for clubs and societies. The fee varies from one university to another, and it can change every year. Let’s see some of the tuition fees of different universities in Ireland.  Trinity College Dublin: Rs 6,00,000 per annum  University College Dublin: Rs 5,35,000 per annum  Royal College of Surgeon in Ireland: Rs 6,39,000 per annum  National University of Ireland, Galway: Rs 4,79,000 per annum The most affordable universities in Ireland are as follows:  University College Cork  Cork Institute of Technology  St. Patrick’s College  Dublin Business School  University College Dublin  University of Limerick  Maynooth University  Additional read: Cost of education in Singapore Cost of living in Ireland  The costs of living in Ireland are a bit higher than the average for the European area; you should expect to spend anywhere between 550 - 1,000 EUR/month.  Average costs of living in Irish cities (including accommodation costs):  Dublin: Rs. 87,881 to Rs. 1,43,827  Cork: Rs. 68,717 to Rs. 1,11,860  Galway: Rs. 72,000 approximately  This is a monthly cost of living expense which may differ based on your child’s budget, city, and spending habits.      Higher education institutions offer accommodation in student residence halls, which usually costs above the European average of 200 - 300 EUR. It is often difficult to find a place because the number of places is limited, and the demand is high. Apart from residence halls, you can rent/share an apartment or choose to live with an Irish family.  The average accommodation prices for students in Ireland are:  Students Living Alone: Rs 71,990 per month  Students Living with Flatmates: Rs 43,936 per month  Students Living on Campus: Rs 51,927 per month  Find out the current and future cost of studying in Ireland using the College cost calculator Studying abroad can be an expensive affair, but thankfully, Ireland is one destination where quality education is available at tuition rates lower than many other countries. The duration of graduation courses is mostly 12 months unlike the 16-24 months duration of programs in other countries. So, as a student from India, it makes for a very desirable place to study, with innumerable growth opportunities.    If your child is planning to study abroad, then ensure that you consider expenses like accommodation, food, health coverage, and travel along with their tuition fee when calculating the estimated cost of studying in Ireland. This will help you plan your budget more effectively and create a good education corpus when the time comes Consult an expert advisor to get the right plan TALK TO AN EXPERT
Studying in Singapore: Ultimate Guide

Studying in Singapore: Ultimate Guide

In recent years, Singapore has become a hub for global education, attracting students from various parts of the world. Among them, Indian students particularly find Singapore to be a welcoming destination for pursuing higher education. With its top-notch universities, diverse environment, and abundant research opportunities, Singapore offers an excellent platform for intellectual and personal growth. This comprehensive guide will lead you through the intricacies of studying in Singapore as an Indian student.  Overview of Singapore’s Education System  Singapore's education system is renowned for its structure and high quality. The system is divided into several key stages, emphasizing a holistic approach to learning and development.  1. Preschool Education:  Preschool education focuses on early childhood development, providing a strong foundation for future learning.  Emphasis is placed on fostering social skills, creativity, and basic cognitive abilities.  2. Primary Education:  Primary education spans six years, starting from age six.  Core subjects include English, Mathematics, Science, and Mother Tongue languages (such as Mandarin, Malay, or Tamil).  The curriculum emphasizes a strong foundation in literacy and numeracy.  3. Secondary Education:  Secondary education consists of a four-year program, with students taking the GCE Ordinary Level (O-level) examinations at the end.  A broad range of subjects is offered, allowing students to explore their interests while maintaining a focus on core disciplines.  4. Pre-University Education:  Pre-university education typically involves a two-year program, with students undertaking the GCE Advanced Level (A-level) examinations.  Specialized tracks, such as arts or science, allow for deeper exploration of chosen subjects.  5. Tertiary Education:  Singapore boasts world-class universities and institutions known for their research and academic excellence.  Major universities include the National University of Singapore (NUS), Nanyang Technological University (NTU), and Singapore Management University (SMU).  6. Quality Assurance:  Singapore's education system places a strong emphasis on quality assurance, ensuring rigorous standards are maintained.  Regular assessments, curriculum reviews, and teacher training contribute to the system's continuous improvement.  7. Multicultural Environment:  Singapore's diverse cultural landscape is reflected in its education system, fostering an inclusive and global mindset among students.  Bilingual education is a key feature, promoting proficiency in English and a second language.  8. Holistic Development:  Beyond academics, the education system prioritizes character development, critical thinking, and creativity.  Co-curricular activities and values education play a crucial role in nurturing well-rounded individuals.  In summary, Singapore's education system is structured to provide a comprehensive and high-quality learning experience, preparing students for future challenges while promoting holistic development.  Admission Process for International Students  The admission process for international students in Singaporean schools involves several steps and specific requirements. Here is an overview:  1. Research and Choose a School:  Research Singaporean schools to find the one that best fits your academic and personal preferences.  Consider factors such as school reputation, curriculum, facilities, and location.  2. Check Eligibility and Entry Requirements:  Ensure you meet the eligibility criteria for international students, including age requirements and academic qualifications.  Some schools may have specific entry requirements based on the grade or program you are applying for.  3. Application Submission:  Prepare and submit the application form to the chosen school.  Include all required documents, such as academic transcripts, recommendation letters, and a personal statement.  4. Language Proficiency Test:  International students may need to demonstrate proficiency in English. Common language proficiency tests include the International English Language Testing System (IELTS) or the Test of English as a Foreign Language (TOEFL).  5. Entrance Examinations or Interviews:  Some schools may require international students to take entrance examinations or participate in interviews to assess academic readiness and suitability for the program.  6. Visa Application:  Once accepted into a school, apply for a Student Pass (visa) through the Immigration and Checkpoints Authority (ICA) in Singapore.  Provide necessary documents, including the acceptance letter from the school, passport details, and proof of financial ability.  7. Health Insurance:  International students are required to have health insurance coverage during their stay in Singapore. Check and comply with the health insurance requirements set by the school or the government.  8. Financial Documentation:  Provide evidence of financial capability to cover tuition fees and living expenses. This may include bank statements or sponsorship letters.  9. Acceptance and Enrollment:  Once the visa is approved, the school will issue an acceptance letter.  Complete the enrollment process by submitting any additional required documents and paying the necessary fees.  10. Orientation and Integration:  Attend orientation programs organized by the school to familiarize yourself with campus facilities, academic expectations, and life in Singapore.  Get involved in school activities to facilitate integration into the academic and social community.  It's essential to check the specific requirements and procedures of the chosen school, as they may vary. Additionally, staying informed about any changes in immigration policies and school admission guidelines is crucial for a smooth application process for international students in Singapore.  Understanding the Student’s Pass  Obtaining a Student's Pass is a crucial step for international students planning to study in Singapore. This pass is a formal authorization from the Immigration and Checkpoints Authority (ICA) that allows foreign students to pursue full-time studies at approved educational institutions in the country. It is a legal requirement for international students and must be obtained before starting any academic program.  1. Process of Obtaining a Student's Pass:  Acceptance from an Approved Institution:  Receive an acceptance letter from a recognized educational institution in Singapore. This letter is a prerequisite for the Student's Pass application.  2. Submit an Online Application:  Complete the online application form available on the official website of the Immigration and Checkpoints Authority (ICA) or the Student's Pass Online Application and Registration System (SOLAR).  3. Required Documents:  Prepare and submit the necessary documents, including:  Completed application form  Passport-size photographs  Passport details  Acceptance letter from the educational institution  Proof of financial ability to cover tuition fees and living expenses  Educational certificates and transcripts  Medical examination report (if required)  4. Application Fee:  Pay the non-refundable Student's Pass application fee as specified by the ICA. This fee is subject to change, so it's essential to check the latest requirements.  5. Medical Examination:  Undergo a medical examination if it is a requirement for your application. Some students may be asked to complete a medical check-up by an approved clinic or hospital.  6. Application Processing:  The ICA will process the application, and the duration may vary. It is advisable to apply well in advance to ensure the Student's Pass is ready before the start of the academic program.  7. In-Principle Approval (IPA) Letter:  Upon approval, you will receive an In-Principle Approval (IPA) letter. This letter outlines the terms and conditions of the Student's Pass.  8. Collecting the Student's Pass:  Arrive in Singapore with the IPA letter and complete the formalities to collect the Student's Pass. This typically involves visiting the ICA office with the necessary documents.  9. Orientation at Educational Institution:  Attend any orientation sessions organized by the educational institution to familiarize yourself with campus facilities, academic requirements, and student life.  10. Renewal and Compliance:  Monitor the expiration date of the Student's Pass and adhere to renewal procedures if necessary. Comply with all regulations set by the ICA to maintain legal student status in Singapore.  It's crucial to follow the specific guidelines provided by the ICA and the educational institution, as procedures may change. Additionally, staying informed about any updates in immigration policies is essential for a smooth process of obtaining and maintaining the Student's Pass in Singapore.  Age and Education Level Requirements  In Singapore, the age-appropriate education levels for admission to various stages of the education system are generally as follows:  1. Preschool Education:  Age Range: Typically, preschool education starts around 3 to 6 years old.  Levels: Nursery, Kindergarten 1 (K1), Kindergarten 2 (K2).  2. Primary Education:  Age Range: Primary education starts around 6 years old.  Levels: Primary 1 (P1) to Primary 6 (P6), spanning six years.  3. Secondary Education:  Age Range: Secondary education typically starts around 12 to 13 years old.  Levels: Secondary 1 (S1) to Secondary 4 (S4), spanning four years.  4. Pre-University Education:  Age Range: Pre-university education usually begins around 16 to 17 years old.  Levels: Pre-university education lasts for two years and includes preparation for the GCE Advanced Level (A-level) examinations.  5. Tertiary Education (University):  Age Range: Entry to tertiary education (university) is generally for students who have completed pre-university education.  Levels: Undergraduate and postgraduate programs are available at universities and other tertiary institutions.  It's important to note that these age ranges are general guidelines, and there may be some flexibility depending on individual circumstances and the specific admission policies of educational institutions. Additionally, international students may need to meet specific age and educational background requirements as outlined by the chosen educational institution and the Singaporean immigration authorities.  Prospective students and their parents or guardians should carefully review the admission criteria of the respective educational institutions to ensure they meet the age and educational level requirements for the desired academic programs. Admission requirements can vary between schools and institutions, so it's advisable to consult the specific guidelines provided by the institutions of interest.  Life as a Student in Singapore  Living and studying in Singapore offers a vibrant and enriching experience for students. Here's what students can expect:  1. Global Hub of Education:  Singapore is home to world-class universities and educational institutions, offering a diverse range of academic programs.  The education system emphasizes innovation, research, and practical skills.  2. Multicultural Environment:  Singapore is a melting pot of cultures, with a harmonious blend of Chinese, Malay, Indian, and various other communities.  Students can experience a multicultural society, fostering a global mindset and cultural diversity.  3. Language Environment:  English is the primary language of instruction in most educational institutions, facilitating ease of communication for international students.  Bilingual education is emphasized, with students also encouraged to learn a second language.  4. Safe and Clean Living Environment:  Singapore is known for its safety and cleanliness, providing a secure and comfortable environment for students.  The city-state's efficient public transportation system makes it easy to navigate.  5. Quality of Life:  Students can enjoy a high quality of life with access to modern amenities, healthcare, and recreational facilities.  The city offers a mix of cultural, recreational, and entertainment options for students to explore during their free time.  6. Global Career Opportunities:  Singapore's strategic location and thriving economy open up global career opportunities for graduates.  The city-state serves as a regional hub for various industries, including finance, technology, and healthcare.  7. Research and Innovation:  Singapore is at the forefront of research and innovation, providing students with opportunities to engage in cutting-edge projects and collaborate with industry professionals.  The government actively promotes a knowledge-based economy.  8. Culinary Diversity:  Students can indulge in a diverse range of cuisines, reflecting the multicultural nature of the city.  Hawker centers and food markets offer affordable and delicious local and international dishes.  9. Cultural and Recreational Activities:  Singapore hosts numerous cultural events, festivals, and exhibitions throughout the year.  Students can explore attractions such as Gardens by the Bay, Sentosa Island, and cultural neighborhoods like Chinatown and Little India.  10. Community Engagement:  Students have the opportunity to engage in community service and social activities.  Various student organizations and clubs promote social interaction, leadership development, and networking.  11. Environmental Sustainability:  Singapore places a strong emphasis on sustainability, with initiatives to create a green and eco-friendly environment.  Students can actively participate in environmental awareness programs and projects.  While the cost of living in Singapore can be relatively high, the overall experience of living and studying in this dynamic city-state is rewarding, offering students a unique blend of academic excellence, cultural diversity, and global opportunities.  12. Cultural Richness and Diversity  The multicultural aspect of student life in Singapore is a defining feature that adds richness and depth to the overall educational experience. Here are key points emphasizing the cultural diversity in student life:  13. Harmony of Cultures:  Singapore is a harmonious blend of diverse cultures, including Chinese, Malay, Indian, and various ethnic communities.  Students have the opportunity to immerse themselves in this cultural tapestry, fostering an environment of mutual respect and understanding.  14. Bilingual Education:  Singapore's commitment to bilingual education reflects its multicultural ethos.  English is the primary language of instruction, while students are also encouraged to learn a second language, typically a Mother Tongue language like Mandarin, Malay, or Tamil.  15. Festivals and Celebrations:  Students get to experience and participate in a multitude of cultural festivals and celebrations throughout the academic year.  Festivals such as Chinese New Year, Diwali, Hari Raya, and Mid-Autumn Festival are celebrated with enthusiasm, offering a chance for cultural exchange.  16. Cultural Neighborhoods:  Various neighborhoods showcase the unique cultural heritage of different communities.  Students can explore cultural enclaves like Chinatown, Little India, and Kampong Glam, each offering distinctive experiences, cuisine, and traditions.  17. Global Cuisine:  The diverse culinary landscape reflects the multicultural influences in Singapore.  Students can savor a wide array of global cuisines at hawker centers and eateries, providing a gastronomic journey through different cultures.  18. Language Exchange:  The multicultural environment creates an ideal setting for language exchange.  Students have the opportunity to interact with peers from various linguistic backgrounds, enhancing their language skills and cultural awareness.  19. International Student Community:  The presence of a substantial international student community adds to the cultural richness.  Interactions with students from around the world create a globalized learning environment, promoting cross-cultural friendships and understanding.  20. Cultural Events and Workshops:  Educational institutions often organize cultural events, workshops, and performances that showcase the diversity of traditions and artistic expressions.  Students can actively participate in or attend these events to broaden their cultural perspectives.  21. Global Mindset:  Exposure to diverse cultures nurtures a global mindset among students.  This multicultural experience prepares students for an interconnected world, fostering adaptability and open-mindedness.  22. Respect for Differences:  Living in a multicultural society encourages a deep respect for differences in beliefs, customs, and practices.  Students develop cultural sensitivity and interpersonal skills that are valuable in a globalized workforce.  In essence, the multicultural aspect of student life in Singapore is not just a backdrop but an integral part of the educational journey. It cultivates an appreciation for diversity, enriching students' personal and academic growth in a way that extends far beyond the classroom.  Living Costs and Financial Planning  Living costs in Singapore can vary depending on individual lifestyles, accommodation choices, and spending habits. Here's an overview of key aspects to consider when estimating living expenses and some financial advice for students:  1. Accommodation:  Accommodation costs can be a significant portion of living expenses. Options include on-campus housing, private apartments, or shared accommodation.  On-campus housing may offer convenience but could be limited, while private apartments may provide more independence but at a higher cost.  2. Food and Dining:  Singapore has a diverse food scene, and eating out can range from affordable hawker centers to upscale restaurants.  Budgeting for groceries and occasional dining out is important. Cooking at home can be a cost-effective option.  3. Transportation:  Public transportation in Singapore is efficient and well-connected. Consider getting a transportation pass for regular savings.  Walking and cycling are also viable options, especially if you live close to your educational institution.  4. Healthcare:  Healthcare costs can be covered by mandatory medical insurance, but additional coverage for specific needs may be advisable.  Familiarize yourself with the healthcare system and insurance requirements.  5. Miscellaneous Expenses:  Budget for personal items, toiletries, and miscellaneous expenses like phone bills, internet, and recreational activities.  Set aside funds for textbooks, academic supplies, and any course-related expenses.  6. Financial Advice:  Create a Budget:  Develop a comprehensive budget that includes all anticipated expenses. Track your spending regularly to stay within budget.  7. Emergency Fund:  Establish an emergency fund to cover unexpected expenses or situations. Aim to save a small percentage of your income regularly.  8. Part-Time Employment:  Explore part-time work opportunities if your student visa allows. Many students take up part-time jobs to supplement their income.  9. Student Discounts:  Take advantage of student discounts on public transportation, entertainment, and various services. Many establishments offer discounts with a valid student ID.  10. Financial Planning Tools:  Utilize financial planning tools and apps to manage your budget, track expenses, and set financial goals.  11. Understand Exchange Rates:  If you have funds in a different currency, be aware of exchange rates and consider using the most cost-effective methods for currency exchange.  12. Banking Services:  Open a local bank account for easier access to funds and to avoid currency conversion fees.  13. Scholarships and Grants:  Explore scholarship and grant opportunities offered by educational institutions or external organizations to ease financial burdens.  14. Student Services:  Familiarize yourself with student services that offer financial advice and support on campus. Many universities have dedicated offices to assist students with financial matters.  15. Financial Literacy Workshops:  Attend financial literacy workshops or seminars offered by your educational institution to enhance your understanding of managing finances effectively.  Students must plan their finances wisely and seek advice from financial experts or student support services when needed. Being proactive in managing finances ensures a more comfortable and stress-free student life in Singapore.  Academic Opportunities and University Options  Singapore offers a diverse range of academic opportunities across various levels of education, from undergraduate to postgraduate studies. Here are some key academic paths and notable institutions:  1. Undergraduate Programs National University of Singapore (NUS):  NUS is a prestigious institution consistently ranked among the top universities globally.  Offers a wide array of undergraduate programs across disciplines, including business, engineering, arts and social sciences, and more.  Nanyang Technological University (NTU):  NTU is known for its strong emphasis on science and technology.  Provides a comprehensive range of undergraduate programs, including business, engineering, humanities, and social sciences.  Singapore Management University (SMU):  Singapore University of Technology and Design (SUTD):  SMU specializes in business education and offers undergraduate programs in business, accountancy, economics, and social sciences.  SUTD focuses on design and technology education, providing programs in engineering, architecture, and information systems technology.  2. Graduate and Postgraduate Programs Graduate Research Programs:  Both NUS and NTU are renowned for their graduate research programs, offering master's and doctoral degrees in various disciplines.  INSEAD Asia Campus:  INSEAD, a leading international business school, has a campus in Singapore offering MBA and executive education programs.  Lee Kuan Yew School of Public Policy (LKYSPP):  LKYSPP, part of NUS, is a prominent institution for graduate programs in public policy and administration.  Singapore Institute of Technology (SIT):  SIT provides applied learning and offers master's programs in areas such as engineering, technology, and business.  3. Professional and Continuing Education Singapore Institute of Management (SIM):  SIM offers a range of professional and continuing education programs, including diploma, undergraduate, and postgraduate studies in partnership with international universities.  Kaplan Higher Education Institute:  Kaplan provides a variety of diploma, undergraduate, and postgraduate programs in fields such as business, information technology, and communication.  4. Research and Innovation Opportunities Singapore actively promotes research and innovation, with opportunities for students to engage in cutting-edge projects.  Research institutes, such as A*STAR (Agency for Science, Technology, and Research), provide platforms for research collaboration.  5. Arts and Design Education  LASALLE College of the Arts:  LASALLE specializes in arts and design education, offering programs in fine arts, design communication, and performing arts.  Nanyang Academy of Fine Arts (NAFA):  NAFA is known for its focus on arts and design education, providing diploma and degree programs in various artistic disciplines.  These are just a few examples of the many academic opportunities available in Singapore. The city-state's commitment to education, research, and innovation makes it a compelling destination for students seeking a world-class academic experience. Prospective students should explore specific institutions and programs to find the best fit for their academic and career goals.  Singapore’s Autonomous Universities:  Singapore is home to several Autonomous Universities (AUs), each with its own unique strengths and academic offerings.  National University of Singapore (NUS): Overview: NUS is Singapore's oldest and largest university, consistently ranked among the top universities globally.  Academic Offerings: NUS offers a wide range of undergraduate and graduate programs across various disciplines, including business, engineering, arts and social sciences, science, computing, and medicine.  Nanyang Technological University (NTU):  Overview: NTU is a leading global university known for its strong emphasis on science and technology.  Academic Offerings: NTU provides a comprehensive array of undergraduate and graduate programs in engineering, business, humanities, social sciences, art, design, and media studies.  Singapore Management University (SMU):  Overview: SMU is Singapore's third autonomous university, focusing on business and management education.  Academic Offerings: SMU offers undergraduate and graduate programs in business, accountancy, economics, law, social sciences, and information systems management.  Singapore University of Technology and Design (SUTD):  Overview: SUTD is a relatively newer university with a focus on design and technology education.  Academic Offerings: SUTD offers programs in engineering, architecture, information systems technology, and design, emphasizing a multi-disciplinary and collaborative approach.  Singapore Institute of Technology (SIT):  Overview: SIT is Singapore's fifth autonomous university, specializing in applied learning and industry-relevant education.  Academic Offerings: SIT provides a variety of undergraduate and postgraduate programs in areas such as engineering, health sciences, information and communications technology, and business.  Singapore University of Social Sciences (SUSS):  Overview: Formerly known as UniSIM, SUSS focuses on applied and lifelong learning with an emphasis on social sciences.  Academic Offerings: SUSS offers a range of undergraduate and graduate programs in areas such as business, law, social work, early childhood education, and human resources management.  Each autonomous university has its academic strengths, faculty, and campus facilities. These institutions contribute significantly to Singapore's reputation as a hub for quality higher education and research. Prospective students need to explore the specific programs and offerings of each university to find the best fit for their academic and career aspirations. Additionally, as educational landscapes may evolve, it's recommended to check the official websites of the universities for the latest information.  International Universities and Partnerships  Singapore has attracted several international universities and institutions that have established campuses or formed partnerships with local institutions. Here are some examples:  INSEAD (European Institute of Business Administration):  Overview: INSEAD is a leading international business school with campuses in Europe, Asia, and the Middle East.  Singapore Campus: INSEAD's Asia Campus is located in Singapore and offers a Global Executive MBA program and executive education courses.  Duke-NUS Medical School:  Overview: A collaboration between Duke University and the National University of Singapore (NUS), Duke-NUS is a graduate medical school.  Partnership: Duke-NUS is a joint venture between Duke University School of Medicine and the National University of Singapore.  ESSEC Business School:  Overview: ESSEC is a leading business school based in France, known for its international business programs.  Singapore Campus: ESSEC's Asia-Pacific campus is located in Singapore, offering a variety of business programs, including MBA and executive education.  The University of Chicago Booth School of Business:  Overview: Booth School of Business is the graduate business school of the University of Chicago.  Singapore Campus: Booth has a campus in Singapore offering Executive MBA and Executive Education programs.  S P Jain School of Global Management:  Overview: S P Jain is an Australian business school with campuses in Dubai, Mumbai, Sydney, and Singapore.  Singapore Campus: S P Jain's Singapore campus offers undergraduate, postgraduate, and professional education programs in business and related fields.  James Cook University (JCU) Singapore:  Overview: JCU is an Australian public university with a strong focus on tropical and marine research.  Singapore Campus: JCU has a campus in Singapore offering a range of undergraduate and postgraduate programs in business, psychology, environmental science, and more.  It's important to note that the landscape of international universities and partnerships in Singapore may evolve, and new institutions may establish a presence in the country. For the most up-to-date information, prospective students should check the official websites of the institutions and relevant educational authorities in Singapore.  Government Scholarships and Grants  The Singapore government offers various scholarships and grants to support local and international students pursuing education at different levels. These scholarships aim to attract and retain talent, promote academic excellence, and support students in various fields. Here are some notable scholarships provided by the Singapore government:  Singapore Scholarship for International Students (SgIS):  Eligibility: Open to international students with outstanding academic achievements, leadership qualities, and a passion for contributing to Singapore's community and economy.  Coverage: Full or partial tuition fees, maintenance allowance, and other benefits.  Applicable Levels: Undergraduate and postgraduate studies.  Singapore Government Scholarship (SGS):  Eligibility: Open to outstanding students with strong leadership potential and a commitment to serving Singapore.  Coverage: Full tuition fees, maintenance allowance, accommodation, and other benefits.  Applicable Levels: Undergraduate and postgraduate studies.  ASEAN Scholarships for Pre-University Students:  Eligibility: Open to citizens of ASEAN member countries who have completed their secondary education with excellent academic performance.  Coverage: Full tuition fees, examination fees, a monthly maintenance allowance, and pre-university orientation activities.  Applicable Levels: Pre-university studies in Singapore.  1. A*STAR Scholarships:  Eligibility: Offered by the Agency for Science, Technology, and Research (A*STAR) to support students pursuing science and technology-related research and careers.  Coverage: Full tuition fees, monthly stipend, and other allowances.  Applicable Levels: Undergraduate, graduate, and postdoctoral studies.  2. National Arts Council (NAC) Scholarships:  Eligibility: Aimed at supporting individuals with exceptional talent and commitment in the arts.  Coverage: Full or partial tuition fees, maintenance allowance, and other benefits.  Applicable Levels: Undergraduate and postgraduate studies in arts-related fields.  3. Ministry of Education (MOE) Teaching Scholarships:  Eligibility: Open to individuals with a passion for teaching and a commitment to contributing to Singapore's education system.  Coverage: Full tuition fees, monthly stipend, and other allowances.  Applicable Levels: Undergraduate and postgraduate studies leading to a teaching career.  4. Singapore International Graduate Award (SINGA):  Eligibility: Available to international students pursuing a Ph.D. in science and engineering at A*STAR research institutes.  Coverage: Full tuition fees, monthly stipend, and other allowances.  Applicable Levels: Ph.D. studies.  These are just a few examples of the scholarships provided by the Singapore government. Prospective students need to check the specific eligibility criteria, application procedures, and deadlines for each scholarship. Additionally, updates or changes to scholarship programs may occur, so it's advisable to refer to the official websites of the relevant government agencies for the latest information.  Preparing for the Singaporean Academic Journey  Preparing for the academic experience in Singapore involves a combination of practical arrangements, cultural readiness, and a proactive approach to your studies. Here are some pieces of advice to help you prepare for your academic journey in Singapore:  1. Research Your Chosen Institution:  Familiarize yourself with the specific policies, campus facilities, and academic expectations of the institution you'll be attending.  Check for any pre-arrival information provided by the university, and review the course requirements.  2. Understand the Education System:  Get acquainted with the Singaporean education system, including grading systems, examination formats, and academic conventions.  Familiarize yourself with the modules or courses you will be taking and their respective syllabi.  3. Financial Planning:  Develop a comprehensive budget that includes tuition fees, accommodation, food, transportation, and other living expenses.  Explore scholarship opportunities to ease financial burdens.  4. Secure Accommodation:  Arrange your accommodation well in advance. Options include on-campus housing, private apartments, or shared rentals.  Ensure that your chosen accommodation aligns with your budget and preferences.  5. Health Insurance:  Understand the health insurance requirements for international students.  Obtain the necessary health insurance coverage and familiarize yourself with healthcare services in Singapore.  6. Student Pass Application:  If you're an international student, ensure that you complete the Student Pass application process promptly.  Prepare all required documents, including acceptance letters, passport details, and proof of financial capability.  7. Cultural Readiness:  Learn about Singapore's culture, traditions, and social norms.  Embrace the multicultural environment by understanding and respecting the diverse perspectives and customs of your fellow students.  8. Language Proficiency:  While English is the primary language of instruction, it may be beneficial to familiarize yourself with local colloquial expressions.  If English is not your first language, consider improving your language proficiency through courses or self-study.  9. Explore the City:  Take time to explore Singapore before classes begin. Familiarize yourself with public transportation, local neighborhoods, and key landmarks.  Join orientation programs organized by the university to connect with other students and get to know the campus and city.  10. Connect with Resources:  Stay connected with resources provided by the university, including academic support services, libraries, and student organizations.  Attend any pre-departure briefings or webinars organized by the university to gather essential information.  11. Adaptability and Open-Mindedness:  Approach your academic journey with an open mind and a willingness to adapt to new challenges.  Be proactive in seeking help if you encounter difficulties, whether academically or personally.  12. Network and Socialize:  Build a network of friends, both local and international, to enhance your overall experience.  Participate in student clubs, events, and activities to broaden your social circle.  Remember that preparation is key, and a positive and proactive mindset will contribute to a successful academic journey in Singapore. Keep an open heart to new experiences, be ready to learn, and enjoy the opportunities for personal and academic growth that Singapore has to offer.  Visa and Documentation  The visa application process for studying in Singapore involves several steps, and it's important to ensure that you have all the necessary documents in order. Below is a guide on the visa application process and the required documentation:  1. Determine Your Visa Type:  Identify the type of student pass or visa you need based on your course of study. Most international students will require a Student Pass.  2. Acceptance Letter:  Obtain an acceptance letter from a recognized educational institution in Singapore. This letter is a crucial document for the visa application.  3. Online Application:  Complete the online application form on the official website of the Immigration and Checkpoints Authority (ICA) or use the Student's Pass Online Application and Registration (SOLAR) system.  4. Required Documents:  Prepare and submit the necessary documents. Common documents include:  Completed visa application form.  Passport-size photographs.  Passport details.  Acceptance letter from the educational institution.  Proof of financial ability to cover tuition fees and living expenses.  Educational certificates and transcripts.  Language proficiency test results (if required).  5. Application Fee:  Pay the non-refundable Student's Pass application fee. Be aware that this fee may change, so check the latest requirements.  6. Medical Examination:  Some students may need to undergo a medical examination. Check the specific requirements for your country of origin and the program you are applying for.  7. Submitting the Application:  Submit the completed application along with all required documents. This is typically done online, but check the specific application process outlined by the ICA or the educational institution.  8. Application Processing:  The ICA will process your application. The duration may vary, so it's advisable to apply well in advance of your intended start date.  9. In-Principle Approval (IPA) Letter:  Upon approval, you will receive an In-Principle Approval (IPA) letter. This letter outlines the terms and conditions of the Student's Pass.  10. Collecting the Student's Pass:  - Arrive in Singapore with the IPA letter and complete the formalities to collect the Student's Pass. This typically involves visiting the ICA office with the necessary documents.  11. Attend Orientation:  - Attend any orientation sessions organized by the educational institution to familiarize yourself with campus facilities, academic expectations, and life in Singapore.  Important Notes:  Keep track of the validity period of your Student's Pass and renew it if necessary.  Comply with all regulations set by the ICA and your educational institution to maintain legal student status in Singapore.  Stay informed about any changes in immigration policies or visa requirements.  Please note that the specifics of the visa application process may vary based on your nationality and the educational institution you are attending. It's crucial to check the official guidelines provided by the ICA and the educational institution for the most accurate and up-to-date information.  Vaccination and Health Requirements  Health regulations and entry requirements are subject to change, and it's advisable to check with the relevant authorities or your educational institution for the latest information. Here are some general guidelines:  1. Vaccinations:  Singapore may have specific vaccination requirements for international students, especially for diseases such as measles, mumps, rubella, and other preventable illnesses.  Check with the Ministry of Health (MOH) in Singapore or the Immigration and Checkpoints Authority (ICA) for the most up-to-date vaccination requirements.  Ensure that your vaccinations are up to date and that you have the necessary documentation to prove your immunization status.  2. Medical Examination:  Some international students may be required to undergo a medical examination as part of the visa application process.  The medical examination may include tests for infectious diseases, such as tuberculosis (TB) and HIV/AIDS.  Follow the specific guidelines provided by the Immigration and Checkpoints Authority (ICA) or the educational institution for the medical examination process.  3. Health Insurance:  Health insurance is often mandatory for international students in Singapore.  Ensure that you have comprehensive health insurance coverage for the duration of your stay, covering medical expenses, hospitalization, and emergencies.  Some educational institutions may have specific requirements regarding the type and coverage of health insurance.  4. Student's Pass and Health Screening:  When applying for a Student's Pass, you may be required to undergo health screening as part of the application process.  This health screening may include a check for infectious diseases, and the results may impact the approval of your Student's Pass.  5. COVID-19 Requirements:  Given the global impact of the COVID-19 pandemic, there may be specific health and safety measures in place for international students entering Singapore.  Stay informed about any COVID-19-related requirements, including testing, quarantine, or vaccination protocols.  6. Local Healthcare Services:  Familiarize yourself with the local healthcare services available in Singapore.  Register with a local healthcare provider or clinic to ensure easy access to medical services when needed.  7. Personal Health and Wellbeing:  Prioritize your health and well-being during your studies.  Be aware of common health issues in the region and take necessary precautions, such as staying hydrated, practicing good hygiene, and seeking medical attention if needed.  Note: The information provided here is based on the situation as of January 2022. Given the evolving nature of health regulations and the potential impact of global events, it's crucial to check with the relevant authorities and your educational institution for the most current health requirements before traveling to Singapore for your studies. 
Hidden costs of sending your child to Australia!

Hidden costs of sending your child to Australia!

Australia is a well-liked study abroad location since it offers some of the greatest programs and the most prolonged work permit for international students. While tuition fees and cost of living are obvious costs, there is a host of hidden costs of sending your child to Australia that you may have missed. Let’s find out the invisible costs of studying in Australia! https://www.youtube.com/watch?v=MwQWKYxxJ8o Cost of Education in Australia Most of the cost of studying abroad is tuition fees. According to our college cost calculator, the average tuition for an undergraduate degree in Australia ranges from 70 to 96 lakhs. Several factors, such as the chosen subject, degree program, university type, etc., affect the cost of attending an Australian university. Australia is less expensive to study abroad for a bachelor's degree because it provides a range of scholarship options for international students who may have financial difficulties. But there are some hidden costs such as flights, security deposits on a flat, visa applications, mandatory health insurance, and much more that most parents do not account for when budgeting for their child’s bachelor's or master’s in Australia. How to plan a child's bachelor's in Australia? Read More 5 hidden Costs for Indian Students in Australia From visa application fees to mandatory health insurance, flights, and accommodation; there are several invisible costs you have to pay while planning your child’s future education in Australia. While parents focus on tuition fees and general living costs, they often miss out on these expenses! 1. Visa Application Fees Students frequently apply on their own for a Student Subclass 500 visa. This is essential information for students who enroll in undergraduate or graduate programs at an educational institution. A visa application fee for students is approximately ₹34,500. 2. Insurance for health The Department of Immigration and Citizenship has mandated that your child gets an Overseas Student Health Cover (OSHC) as a requirement of their visa application procedure. An individual's annual health insurance premiums typically range between ₹40 - ₹45,000. It is available for private or institutional purchase. One is solely responsible for keeping the policy up to date. 3. College application fee When submitting their application forms, students must pay a non-refundable application fee. The price will change based on the university. The majority of application fees, however, fall between ₹2,700 - ₹5,500. 4. Entrance Exams  Depending on the chosen program's requirements, students must take and pass a few exams if the institute asks for them. ExaminationsExam FeesIELTS₹15,500TOEFL₹14,200GRE₹17,000GMAT₹20,000 5. Flight tickets One-way fare can be around ₹50,000 - ₹1 lakh. Your child must also have the money for a return flight per the rules when applying for an Australian visa. This amount may vary depending on the type of journey taken, the airline chosen, the booking dates, the location from which they’re departing, etc.  Tuition Costs of Studying in Australia Let us take a look at the cost of education in Australia at different levels. This is a broad format and does not include expensive medical and veterinary courses.  Undergraduate Bachelor Degree - AUD 20,000 - 45,000$ (INR 10,65,000 - 23,96,000) Postgraduate Master’s Degree - AUD 22,000 - 50,000$ (INR 11,71,000 - 26,63,000) Doctoral Degree - AUD 18,000 - 42,000$ (INR 9,58,000 - 22,37,000) Vocational Education and Training - AUD 4,000 - 22,000$ (INR 2,13,000 - 11,71,000) English Language Studies - AUD 300 per week (INR 15,978) Here’s a list of some of the top universities, their popular courses and fees 1. Australian National University Top Courses Bachelor of Philosophy (Hons) Science Master of Applied Data Analytics Master of Museum & Heritage Studies Master of Engineering in Electrical Engineering Annual Fees (in AUD): $ 46,000 - $ 48,000 (INR 24,50,059 - INR 25,56,000) 2. The University of Melbourne Top Courses Bachelor of Agriculture Master of Architectural Engineering Master of Business Analytics Annual Fees (in AUD) $ 45,000 - $ 89,000 (INR 23,96,000 - INR 47,40,000) 3. The University of Sydney Top Courses MBA Master of Engineering (Software Engineering) Bachelor of Science (Health) Bachelor of Economics  Annual Fees (in AUD): $ 50,000 - $ 54,000 (INR 26,63,000 - INR 28,76,000) 4. The University of New South Wales (UNSW) Top Courses Master of Mining Engineering Bachelor of Science (Advanced Mathematics) Bachelor of Engineering (Hons) Mechanical Bachelor of Engineering (Mechanical & Manufacturing) Annual Fees (in AUD): $ 47,000 - $ 66,000 (INR 25,00,000 - INR 35,00,000) 5. The University of Queensland Top Courses Master of Tourism, Hotel & Event Management Bachelor of Health, Sport & Physical Education Annual Fees (in AUD): $ 45,120 - $ 47,000 (INR 24,00,000 - INR 25,00,000)  6. Monash University Top Courses Bachelor of Architectural Design Master of Information Technology Master of Data Science Master of Advanced Nursing Annual Fees (in AUD): $ 37,000 - $ 45,000 (INR 19,70,000 - 23,96,000) 7. The University of Western Australia (UWA) Top Courses Master of Professional Engineering Master of Biological Science & Master of Biotechnology Bachelor of Marine Sciences Annual Fees (in AUD): $ 9000 (INR 4,79,000) 8. The University of Adelaide Top Courses Master of Engineering (Mining) Master of Petroleum Engineering Bachelor of Oral Health Bachelor of Nursing Annual Fees (in AUD): $ 45,000 - $ 48,000 (INR 23,96,000 - INR 25,56,000) 9. University of Technology Sydney Top Courses Bachelor of Business Bachelor of Economics Bachelor of Accounting Master of Artificial Intelligence Master of Physiotherapy Annual Fees (in AUD): $ 1,256 per credit (INR 66,000) 10. University of Wollongong (UOW) Top Courses Bachelor of Science (Chemistry) Bachelor of Mathematics Bachelor of Computer Science Master of Public Health Master of Psychology MBA Annual Fees (in AUD): $ 14,000 - $ 16,000 per semester (INR 7,44,000 - INR 8,51,000) Cost of Living in Australia The cost of living in Australia for international students will depend on various factors such as location of accommodation, food, commuting options, lifestyle habits, etc.  However, on average, the annual cost of living in Australia is: AUD 35,000 (INR 18,62,000)  Includes: Accommodation, Grocery, Transport. Internet, leisure, and miscellaneous expenses.  Below is an approximate break-up. Accommodation Costs in Australia Hostels & Guesthouses - AUD 90 - 150 per week (INR 4,700 - INR 7,900) Shared Rental - AUD 95 - 125 per week (INR 5,000 - INR 6,600) On-campus - AUD 110 - 280 per week (INR 5,800 - INR 14,800) Homestay - AUD 235 - 325 per week (INR 12,500 - INR 17,200) Rental - AUD 185 - 440 per week (INR 9,800 - INR 23,400) Boarding schools - AUD 11,000 - 22,000 a year (INR 5,85,000 - INR 11,70,000)  Other Living Costs Groceries and eating out - AUD 140 - 280 per week (INR 7,400 - INR 14,800) Gas, Electricity - AUD 10 - 20 per week (INR 500 - INR 1064) Phone and Internet - AUD 15 - 30 per week (INR 700 - INR 1500) Public Transport - AUD 30 - 60 per week (INR 1500 - INR 3000) Car (if purchased) - AUD 150 - 260 per week (INR 7900 - INR 13,800) Entertainment - AUD 80 - 150 per week (INR 4,200 - INR 7900) FAQs What is the average cost of studying in Australia? The cost of studying in Australia will depend on the choice of your course and the college you select. Other than tuition fees, one needs to calculate the cost of living to get an approximate expense. What are the average tuition fees for courses in Australia? The average tuition fee for undergraduate courses is between AUD 20,000 - 45,000 (INR 10,65,000 - INR 23,96,000)The average tuition fee for postgraduate courses is between AUD 22,000 - 50,000 (INR 11,71,000 - INR 26,63,000) Do undergraduate and postgraduate courses have different fee structures? Yes, both have different fee structures and will depend upon the choice and duration of your course, credit completion numbers, and availability of scholarships.  Consult an expert advisor to get the right plan TALK TO AN EXPERT
Here is why your child could miss their American dream!

Here is why your child could miss their American dream!

According to an Indian Government survey, 44% of Indian students wish to move to the USA for higher education. Good quality of education, better job opportunities, and a healthy lifestyle are some reasons behind this demand.   However, there are many obstacles like high costs, limited seats, and intense competition. Let's look at 5 reasons why your child could miss their American dream! 5 reasons why your child could miss their American dream! 1. Lack of funds and savings Lack of funds is the top reason why your child could miss their American dream. The United States of America is home to some of the costliest universities in the whole world. Some of them are the University of Chicago, the University of Pennsylvania, Tufts University, Harvey Mudd College, and so on. The tuition fees of universities in the USA depend on which course you are pursuing. If you are pursuing an undergraduate degree in engineering, it will cost you around $40,000 to $80,000 per year (Rs 31,79,800 to Rs 63,59,600). Similarly, if you go for a medical or law degree, it will cost somewhere around Rs 1,98,73,500 if you go for a public institution and Rs 2,62,33,185 if you go for a private institution. Your child can apply for scholarship programs in the universities. If you feel that the cost is going beyond your budget, you can apply for a loan from a bank. Another solution is to start investing in long-term instruments like mutual funds if you have a time horizon of 8-10 years. You speak to a financial expert if you are looking at a shorter duration. Invest in the US Market 2. Not meeting the Eligibility Criteria  Another reason why your child could miss their American dream is eligibility criteria. To get admission to the respective university, you need to fulfill all their requirements. It is essential to understand the eligibility criterion so that your child might not face any problems later.   For example, if your child wants to get admission to Harvey Mudd College, then he or she needs to present a coalition application, school report, counselor recommendation, official high school transcript, and appropriate funds to cover the fees and cost of living. All the documents should be presented properly and your child should meet all their requirements.  3. Incomplete university applications   Application is one of the most important parts of the complete procedure. During this process, you should make sure that all your documents are ready beforehand and that your application form has no errors. The application form goes through a verification process in which every detail that you have filled in is checked. If the management of the university you are applying to finds out that the information you have provided is wrong, they might reject your child’s application.   Let’s take the example of the Massachusetts Institute of Technology. If you are applying to this university, you will have to fill out an online application which costs $75. They require you to present your past grade scores, coursework, competitive scores, and so on. Furthermore, they also expect you to take up competitive tests like SAT, PTE, TOEFL, and IELTS depending on the course you want to pursue.  USA University Fee Structure Read More 4. Not getting a US visa on time It is extremely important to get a USA student visa if you are going for higher education in the USA. Before you get a visa, a recognized university in the USA needs to accept your application which is certified by the student exchange and visitor program. Once your application gets accepted by the server, you will receive a form I-20 or DS-2019 which you will have to fill out accurately. The process can take weeks and the US visa office may require a set of documents that you need to provide to get the stamp. 5. Currency conversion rates   The rising cost of education is one of the major factors that can affect your child’s American dream. The inflation in education in the USA has been on the rise. According to EducationData.org, the inflation in higher education in the USA is 8% more than the annual retail inflation. The general living cost in the US is more than in India.   Furthermore, most of the parents make money in Indian Rupees rather than Dollars. The currency conversion rate provides 1 USD for every Rs 80. The currency rates alone can make US education far more costly for Indian parents.  These 5 reasons why your child could miss their American Dream should not stop you! Saving in dollars and preparing your child academically to impress the admissions committee – are two ways to support their dreams! Connect with our financial and education experts to turn this dream into a reality. FAQs How much does it cost to study in America? The USA is considered one of the most expensive destinations for studying abroad. : On average, public universities charge an annual tuition fee ranging from $8,000 to $35,000. Private universities in the USA charge between $25,000 to $55,000. The costs differ based on duration, university, and course. Is the USA cheap to study? No, the USA is not a cheap place to study. The costs can go up to Rs. 50 to 60 lakhs for many courses in the country. Is the USA good for Indian students? The USA is great for Indian students and the most preferred destination for Indians. It offers a wealth of opportunities to grow and make a successful career.
How to send your child to New Zealand debt-free?

How to send your child to New Zealand debt-free?

New Zealand is a popular educational destination for studying a host of subjects from Business and Management to Tourism. As per NZ immigration info, there are over 1 lakh international students studying in New Zealand. Yet, sending your child to a foreign country is not cheap. Here are some tips on how to send your child to New Zealand debt-free. Why choose New Zealand for your child’s higher education?  Top 8 universities rank in World University Ranking Top 500 Affordable cost of studying as compared to the US, Canada, and the UK It hosts a plethora of opportunities for experimental and theoretical learning Around 97% of students get placed right after the degree completion; Students on scholarships may work 20 hours as a part-time Reasons to Study in New Zealand for Child Education Read More How to send your child to New Zealand? 1. Check education eligibility criteria  New Zealand requires Indian students to have the following requirements to study at their top universities:  Relevant 12th certificate / undergraduate degree from a recognized school/ university IELTS/ TOEFL score qualifications Statement of Purpose GRE OR GMAT scores Valid passport Bank statement as proof of financial coverage 2. Apply for Student Visa  International students wishing to study in New Zealand for more than 3 months must hold a relevant VISA. Indian students can opt for Fee Paying Student VISA. Having this VISA, an international Indian Student can learn, stay, and work part-time in the country for up to 4 years. On the flip side, students planning to land with guardians can opt for a generic Student VISA. Students must apply for the VISA 6 months earlier. Student Visa Qualification Requirements Valid passport, which must be valid for at least 6 months Age - 17-25 Student Visa Application Form and Fees ( ₹14,791) Proof of funds to cover your expenses, study, and accommodation costs Acceptance letter from the University, your child enrolled to confirm the eligibility for the particular course  Evidence of guarantor and their relationship to the child Evidence of tuition fee Duly signed and attested certificates for Health and Character IELTS Score Requirement - 6.0 Top Affordable Universities in NewZealand Read More 3. Explore the government-funded scholarships  The primary criterion to qualify for a New Zealand scholarship is MERIT. However, the cost of education depends on the location, course, university, and educational level. Some universities in New Zealand consider extra-curricular activities and volunteering experience as the base for providing scholarships. Always check the eligibility criteria before applying for New Zealand Government Scholarships. Some scholarships waive 100% of the tuition fee while others may waive a part.  Apply for Scholarship with EduFund Government Funded Scholarships:  NZIDRS (New Zealand International Doctoral Research Scholarship) for Ph.D. courses. (₹12,48,178.25) for a living stipend New Zealand Development Scholarships  New Zealand Commonwealth Scholarships for master’s degrees and PhDs (₹1,49,827.16 as Allowance) NZIUFS (New Zealand International Undergraduate Fees Scholarship).  Agatha Harrison Memorial Fellowship i) University-funded scholarships for Indian students Victoria Doctoral Scholarships It is provided to all the Doctorates studying at Victoria University of Wellington ($23000 (₹11,48,827) stipend + Fees)  Bamforth Postgraduate Scholarships Post-graduate students studying at the University of Otago are eligible for the scholarship. It waives tuition fees and provides $13000 (₹6,49,172.68.) University of Waikato International Scholarships The scholarship is for all Undergraduates and Postgraduate Indian Students. It waives off $5000 (₹2,49,704.09) tuition fees. University of Auckland Doctoral Scholarships International Students pursuing a Doctoral in the University of Auckland are eligible for it. Waives off $27,300 ((₹11,48,827) plus other compulsory costs. ii) Studentships provided by New Zealand This funding type is usually provided for a specific project, covering the cost of tuition fees and research material. It also offers stipends to students. Check for the eligibility requirement from the respective university or educational institution. Universities of Auckland, Otago, and Waikato University provide such studentships to Ph.D. students.  These are some ways to help your child study in New Zealand Debt-free. Scholarships are the best way to send your child to a foreign country without any financial stress. If you are someone who is planning to send your child to a foreign country in a few years then investing and saving early for your child’s higher education is a must! FAQsHow can I send my child to New Zealand for education without incurring debt?  To send your child to New Zealand debt-free, consider applying for scholarships and grants, researching low-cost educational institutions, and saving money in advance. Explore part-time work opportunities for your child and create a budget to manage expenses effectively.  Are there specific scholarships available for international students in New Zealand?  Yes, New Zealand offers several scholarships for international students. These scholarships may be provided by the New Zealand government, universities, or private organizations. Research and apply for scholarships that align with your child's field of study and qualifications.  What strategies can my child use to cover living expenses while studying in New Zealand?  Your child can cover living expenses by working part-time during their studies, choosing affordable accommodation options, and creating a realistic budget. Encourage them to explore on-campus employment opportunities and manage their finances responsibly.  How can I start saving early to fund my child's education in New Zealand?  Begin saving for your child's education in New Zealand by setting up a dedicated savings account or investment plan as soon as possible. Consider options like mutual funds, US ETFs or any investment vehicle that can beat education inflation. Regularly contribute to this fund and take advantage of compound interest to grow your savings over time.  TALK TO AN EXPERT
Does education inflation and rupee decline affect the cost of studying in the USA?

Does education inflation and rupee decline affect the cost of studying in the USA?

How do education inflation and rupee decline affect the cost of studying in the USA? After remaining low during the first & second waves of the pandemic, education inflation is now emerging drastically.  According to the Ministry of Statistics and Programme Implementation, the rate of education inflation in India was approximately 0.63 percent until April 2021. In May 2021, it increased to 1 percent. But in 2022, the rate has increased to 4.12 percent! On the other side, the rupee depreciation continues to affect overseas education, from everyday items becoming pricer to skyrocketing tuition fees. How education inflation and rupee decline is affecting USA academic costs? According to reports, the rupee hit 79 against dollars. This means, that the rupee currency is falling, while the dollar is increasing. The fall in the currency can be a result of certain parameters, including: Emerging crude oil prices Higher current account deficit The rising educational cost cannot solely be attributed to higher tuition fees. Different parameters affect the overall academic expense in the USA. Some are: Accommodation cost: Students stay in hostels or pay guests. Nearly 50% stated that their living costs have increased around 1.5 times. Food expenses: Increased food prices lead to a higher budget on daily products a student spends each day. Because of the increased prices of travel expenses, food, and beverages, students abroad need to deal with expensive educational costs. Important factors that affect the educational expense in the USA Administration expenses Technological updates by academic institutions Transportation charges become another factor In short, the depreciating Indian rupee against US dollars directly impacts a student’s education. Learners who plan for higher education overseas in the US will bear the brunt of the sharp depreciation of rupees against US dollars.   They must determine the exchange rate fluctuations and plan their finances accordingly. Nonetheless, the ongoing rupee-dollar exchange rates shouldn't influence a scholar's dream of studying abroad. So, they must plan & evaluate the alternatives too. Outlining the impact: cost of living & tuition costs Tuition & living costs are two crucial elements that affect a scholar's overall expenditures while studying in the USA. In today's age, the rupee is losing streak, leading to higher cost of living and fees. So, an Indian scholar who had paid 65 rupees per dollar in 2017 has to pay 78.20 rupees for every dollar in 2022. How should parents support a child to overcome this situation? Managing the situation is the only step left for students who wish to study abroad. Aspirants and their parents set aside a value of the corpus for foreign education after factoring in the initial requirements. The calculation evaluates the total loan amount. Pupils who don't determine the charges of native currency fluctuation against the destination's currency may face difficulties in the future. The INR's depreciation against dollars impacts the burden of studying in the USA. Exchange rate fluctuations send financial planning downhill. And it adds to the overall financial stress. Parents who fund educational expenses can save in US stocks. On this note, the EduFund app comes in handy. The app is India’s first investment advisory application that focuses on higher education. It allows you to invest in the SIP mutual funds & build a more prosperous future for a child. Alternatively, loan schemes are also important for scholars. Students who manage their own finances may choose financial loans to cover tuition fees and their cost of living. They can also invest in secured education loans tied to the collateral's value or education expenses. They cover full tuition fees as determined by the university and the living cost. In addition, students can also apply for a second education loan when they have an existing loan. But in that case, additional funds are required to finance their overseas education.  Another striking way to escape the fluctuations is by getting a scholarship. Scholarships are a blessing in disguise for deserving candidates.  FAQsHow does inflation affect the education system?  Inflation can impact the education system by driving up the cost of tuition, textbooks, and other educational expenses. As prices rise, students and families may struggle to afford higher education, potentially limiting access to quality schooling and increasing student loan debt.  Why is education so expensive in the US?  Several factors contribute to the high cost of education in the US, including administrative expenses, faculty salaries, infrastructure, and the availability of federal loans. Additionally, a lack of strong government funding for public universities and the competitive nature of higher education can drive up tuition fees.  What is the inflation rate for higher education in the US? The inflation rate for higher education in the US varies from year to year but tends to exceed the general inflation rate. On average, it has been around 2-3% higher than the overall inflation rate, making college and university costs grow faster than other goods and services.  What is the correlation between inflation and rupee value?  Inflation can have an inverse correlation with the value of a currency like the rupee. When a nation experiences high inflation, the purchasing power of its currency reduces, leading to depreciation. However, other factors, like interest rates and economic stability, also influence currency values.  Conclusion Since the rupee is losing its value against dollars, foreign education becomes more expensive. One's decision to pursue higher education abroad doesn't necessarily have to be influenced by ongoing trends of rupee-dollar exchange rates. Aspiring students and parents must conduct an intensive survey about both countries' economic aspects. In addition, they must also plan to send students for overseas education. These are just some ways education inflation and rupee decline affect the cost of studying in the USA. Consult our professionals today to protect your child’s fine future! Consult an expert advisor to get the right plan TALK TO AN EXPERT
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