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The fee structure of Australian universities, including the fees for international students, plays a crucial role in determining the affordability and accessibility of higher education. Understanding the fee structure of Australian universities is essential for prospective students seeking information on tuition costs and financial planning. https://www.youtube.com/watch?v=tdwqQH0xkFw Tuition fees for international students  Australian universities offer a wide range of courses and programs to international students, but the tuition fees can vary depending on several factors. Generally, international students can expect to pay higher tuition fees compared to domestic students. The fees are determined based on the level of study (undergraduate or postgraduate), the field of study, and the specific university. It is important to note that tuition fees can differ significantly between universities and even between different programs within the same institution.  Fee components  The fee structure of Australian universities consists of various components apart from tuition fees. These additional fees may include enrollment fees, library fees, laboratory fees, student service fees, and material fees, among others. It is advisable for prospective international students to carefully review the fee structure of their chosen university and program to have a clear understanding of all the associated costs.  Calculate exact cost of studying abroad Fee payment options  Australian universities provide flexible options for paying tuition fees. International students can choose to pay their fees upfront for each semester or decide on installment payments. Some universities also offer scholarships or financial assistance programs that can help offset the cost of tuition fees for eligible students. It is important to explore these options and consult with the university's international student office for detailed information.  Scholarships and financial aid  To promote diversity and attract talented students, Australian universities offer various scholarships and financial aid programs specifically designed for international students. These scholarships can provide partial or full coverage of tuition fees, living expenses, and other related costs. It is crucial for international students to research and apply for scholarships well in advance as competition can be high.  Apply for a scholarship worth INR 1 CR Living expenses  In addition to tuition fees, international students need to consider the cost of living in Australia. Expenses such as accommodation, meals, transportation, health insurance, and personal expenses should be factored into the overall budget. Australian universities often provide guidance and resources to help students estimate their living expenses and plan accordingly.  Fee Structure of Canadian University Read More Fee variations and discounts  While tuition fees for international students in Australian universities can be higher compared to domestic students, there may be variations and discounts available. Some universities offer reduced fees for certain programs or specific countries. Additionally, early payment discounts or fee waivers might be available for students who pay their tuition fees in full before a certain deadline. It is worth exploring these opportunities to potentially reduce the overall cost of education.  Cost of health insurance  International students studying in Australia are required to have health insurance coverage. The cost of Overseas Student Health Cover (OSHC) varies depending on the provider and the duration of the program. It is important to consider this additional expense when budgeting for education in Australia.  Part-time work opportunities  International students in Australia are allowed to work part-time while studying. This can provide an additional source of income to help cover living expenses and reduce the financial burden. However, it is important to balance work and study commitments to ensure academic success remains the top priority.  How to save money every day? Read More Long-term financial planning  Considering the high cost of education and living expenses, it is crucial for international students to engage in long-term financial planning. This includes developing a budget, exploring potential sources of funding such as scholarships, and considering part-time employment opportunities. Financial institutions in Australia also provide banking services tailored to international students, which can assist with managing finances effectively.  Monitoring fee changes  It is important to stay updated on any changes in the fee structure of Australian universities. Tuition fees and other related costs may vary from year to year, and it is essential to be aware of any modifications to make informed decisions. Regularly checking the university's official website, contacting the admissions office, or seeking advice from educational consultants can help stay informed about any fee changes.  Budgeting Myths to Bust Read More Consideration of exchange rates  International students should consider the exchange rate between their home currency and the Australian dollar when budgeting for their education. Exchange rates can fluctuate, which can impact the overall cost of studying in Australia. It is recommended to keep track of exchange rates and consider any potential impact on tuition fees and living expenses.  How to get double taxation relief Read More Additional fees for specific programs  Certain programs, such as medical, dental, or engineering degrees, may have additional fees associated with specialized equipment, materials, or practical training. International students interested in these programs should inquire about any extra costs during their research to ensure they have a comprehensive understanding of the financial requirements.  Researching university rankings and reputation  When evaluating the fee structure of Australian universities, it is crucial to consider the institution's rankings and reputation. Higher-ranked universities may have higher tuition fees but can also offer greater opportunities for academic and career advancement. Balancing the cost of education with the quality and reputation of the university is an important aspect of decision-making.  https://www.youtube.com/shorts/Gs1p_6rVuI8 Utilizing university support services  Australian universities typically provide support services for international students, including financial counseling and assistance. These services can help students navigate the fee structure, explore scholarships and grants, and provide guidance on managing finances effectively. International students should take advantage of these resources to make informed financial decisions.  https://www.youtube.com/shorts/1ZI5xfmRB0g Seeking advice from current students or alumni  Speaking with current students or alumni of Australian universities can provide valuable insights into the fee structure and overall student experience. They can share their firsthand experiences, offer advice on managing finances, and provide information on potential scholarships or financial aid opportunities. Connecting with student groups or alumni associations can be a helpful way to gather additional information.  Understanding the fee structure of Australian universities is crucial for international students. By researching, planning, and exploring available resources, students can make informed financial decisions and embark on a rewarding educational journey in Australia. 

The fee structure of German universities, including the fees for international students, is an important consideration for those seeking higher education in Germany. https://www.youtube.com/watch?v=tdwqQH0xkFw In this article, we explore the various aspects of the fee structure of German universities and shed light on the different costs involved. Fee Structure of German Universities Tuition fees for International students  German universities have a unique approach to tuition fees, particularly for international students. Unlike many other countries, most public universities in Germany do not charge tuition fees for undergraduate programs. This applies to both domestic and international students, making it an attractive option for those seeking affordable education.  Calculate the cost of studying in Germany Semester contribution  While tuition fees are generally waived for undergraduate programs, students are required to pay a semester contribution, which varies across universities. This contribution covers administrative costs, student services, and public transportation passes, among other amenities. The semester contribution can range from around €100 to €350 per semester, depending on the university and location.  Tuition fees for master's and Ph.D. programs  Although undergraduate programs are tuition-free, some German universities do charge tuition fees for certain master's and Ph.D. programs, especially those in specialized fields. The tuition fees for these programs can vary significantly, ranging from a few hundred euros to several thousand euros per semester. International students should research their specific program of interest to determine if tuition fees apply.  Tax saving options for Salaried Individuals Read More Private Universities  In addition to public universities, Germany is home to a number of private universities. Private universities in Germany do charge tuition fees, which can be considerably higher compared to public institutions. The fees for private universities vary widely and can range from a few thousand euros to tens of thousands of euros per year, depending on the institution and program.  Scholarships and Financial Aid  To support international students, German universities and various organizations offer scholarships and financial aid opportunities. These scholarships may pay for both living costs and tuition. It is advisable for international students to explore these options, as they can provide financial relief and make studying in Germany more accessible.  Apply for Scholarship worth INR 1 CR Additional living expenses  Apart from tuition fees and semester contributions, international students should also consider their living expenses while studying in Germany. These expenses include accommodation, food, transportation, health insurance, and personal expenses. Each city or region has a different cost of living. For example, major cities like Munich and Frankfurt tend to have higher living costs compared to smaller towns or rural areas.  Fee Structure of Canadian Universities Read More Health Insurance  Every international student learning in Germany must have health insurance. International students are required to have health insurance coverage throughout their studies. There are two types of health insurance options available: statutory health insurance and private health insurance. Statutory health insurance is usually more affordable and meets the requirements of most students. However, some private universities may require private health insurance.  How to reduce the cost of studying abroad? Read More Part-Time Employment  In Germany, part-time employment is permitted for international students. Part-time jobs can provide additional income to cover living expenses and reduce the financial burden. However, it's important to note that part-time employment should not interfere with academic commitments. Students are typically allowed to work up to 20 hours per week during the semester and full-time during semester breaks.  Consideration for Non-EU Students  While German universities offer tuition-free education for most international students, non-EU students should consider potential visa costs and requirements. Non-EU students are generally required to obtain a student visa, which may involve visa application fees and health insurance coverage during the visa period. It's crucial for non-EU students to research and understand the specific visa regulations and associated costs.  Financial aid alternative Read More Planning and budgeting  Given the various expenses involved, it is essential for international students to plan and budget their finances effectively. Creating a detailed budget that includes tuition fees, semester contributions, living expenses, and other costs will help students manage their finances throughout their studies. It is advisable to take advantage of financial planning tools and resources provided by universities and student organizations to ensure a well-managed financial journey.  Research funding and grants  In addition to scholarships and financial aid, international students studying at German universities can explore research funding and grant opportunities. Many universities have dedicated research programs and funding options available for both domestic and international students. These grants can help cover research-related expenses, conference participation fees, and other academic endeavors. Research funding can provide valuable financial support while allowing students to gain research experience and contribute to their field of study.  Steps of budgeting Read More Student discounts and benefits  German universities often provide student discounts and benefits that can help reduce expenses. Students can avail of discounted rates for public transportation passes, cultural events, museums, theaters, and various recreational activities. Additionally, student identity cards often grant access to discounts at local businesses, restaurants, and shops. These discounts and benefits contribute to a more affordable and enjoyable student life experience in Germany.  Payment options and Installments  To assist international students in managing their financial obligations, German universities generally offer flexible payment options. While tuition fees and semester contributions are usually paid at the beginning of each semester, some universities allow installment plans, enabling students to divide the costs over multiple payments. This flexibility can ease the financial burden and provide students with more manageable payment schedules.  Changes in Fee structure  It's important to note that fee structures at German universities can undergo changes. Policies regarding tuition fees, semester contributions, and funding options may be subject to revision. Therefore, it is advisable for prospective students to regularly check the university websites and contact the respective admissions or international offices for the most up-to-date information regarding fees and financial matters.  Advice for students who are seeking to study abroad Read More Apply for a loan to study in Germany Seek guidance and support  Navigating the fee structure and financial aspects of studying in Germany can be overwhelming. To ensure clarity and accuracy, it is highly recommended for international students seek guidance and support from university advisors, student service centers, or international student offices. These resources can provide detailed information, answer specific queries, and assist students in making informed financial decisions.  Comprehending the fee structure of German universities and managing associated costs is essential for international students. By considering various expenses, exploring financial aid options, and seeking guidance, students can make informed decisions and enjoy an affordable and fulfilling educational experience in Germany. 

One of Canada's oldest universities is the University of Alberta. It is situated in Edmonton, one of the world's most northern significant cities. With a reputation for distinction in teaching and research in the humanities, sciences, creative arts, business, engineering, and health sciences, the University of Alberta is one of the top five Canadian institutions and among the top 150 worldwide. In this blog, we will discuss how to apply to Alberta University after your Bachelor's. https://www.youtube.com/watch?v=tdwqQH0xkFw Top masters courses offered at the University Of Alberta We have compiled a list of the best master's degree programs available at the University of Alberta, one of the top five Canadian universities, which provides more than 500 master's degree programs. ProgramsFees per Annum (CAD)Fees per Annum (INR)MBA23,70014.2 LakhsMSc Electrical and Computer Engineering13,9728.26 LakhsMEng Mechanical Engineering14,8128.76 LakhsMA Economics13,9728.26 LakhsMEng Civil and Environmental Engineering Science14,8128.7 LakhsMSc Chemical Engineering13,9278.2 LakhsMEng Chemical and Materials Engineering14,8128.7 LakhsExecutive MBA25,12514.86 LakhsMBA Finance21,21112.54 LakhsMBA International Business21,21112.54 Lakhs Affordable Universities in Canada Read More The University of Alberta Masters admissions requirement  Let's take a look at what it takes to get into the University of Alberta if you wish to enroll there in 2023-24. The following are the fundamental prerequisites for attending the University of Alberta, while the admissions requirements change based on the programs offered: Students who have earned a bachelor's degree or its academic equivalent from a university recognized by the university with English as the primary language of instruction and who also have a four-year bachelor's degree (or an equivalent as recognized by the university) are considered to have met the University of Alberta's English language proficiency standards. Documents required All official academic transcripts and grade cards Passport size photographs  Passport photocopy Canada Student Visa Updated CV/Resume Portfolio (if asked or required) English Language Proficiency Test Scores GMAT/GRE scores Letters of Recommendation Statement of Purpose Research Proposal (for PG Research) English Language Requirements Since the scorecard for these exams is good for two years, students should get familiar with the academic schedule and make informed admissions decisions. TestAverage Score Required IELTS6.5TOEFL 90 PTE61  Affordable Universities in the Netherlands Read More How to apply to Alberta University after Bachelor The processes to apply to Alberta University after earning your bachelor's degree are as follows: Step 1: Choose Your Graduate Program To find out more about programs, visit the Graduate Programmes website. Step 2: Review graduate admissions requirements and contact the department All applicants must satisfy the Faculty of Graduate Studies and Research's (FGSR) standard admissions standards. Visit the department's website to learn more about the specific requirements for your program. Contact the department if you have any queries. Due to program-specific criteria and deadlines, this phase is crucial. Please be aware that certain programs need you to choose a possible supervisor before applying if you're applying for a thesis-based program. Step 3: Prepare and apply online Give yourself a minimum of an hour to finish the online application. For the Graduate Application, we advise using the most recent versions of Google Chrome, Mozilla Firefox, or Safari. The application requires digital copies of official papers (PDF - view instructions). The "unofficial" materials will be used to assess the application in its first stages. A few examples of supporting documentation are as follows: Academic Document Requirements (transcripts, degree certificates, and grade reports) Scores on tests of English language proficiency, such as the IELTS, Pearson, TOEFL, etc. Writing samples, a CV, and a statement of purpose might also be needed. GMAT, GRE, and other exam results References: Will call for the referees' names, titles, and email addresses. Only once you submit and make payment for your application will your referees receive an email with a secure link. Reference letters must be sent in PDF format and must be printed on the official letterhead of your referee's institution or business in order to be approved. The applicant is in charge of making sure references and other necessary paperwork are submitted before the application deadline; otherwise, the application will not be taken into consideration for admission. There is a non-refundable application fee of CAD 135. Only a legitimate credit card may be used to make payments. We take American Express, Discover, Visa, and MasterCard. Note that all candidates must pay the non-refundable application cost; the Faculty of Graduate Studies and Research is no longer authorized to waive this price for students from certain nations. We hope this blog provides you with all the details you want regarding how to apply to Alberta University after your Bachelor’s.

Pursuing an MBA in the UK, USA or Australia is a dream for thousands. It guarantees a better lifestyle, job opportunities, and a chance to build a life in a foreign country. In the previous article, we discussed how to save for your child's college. where, how, and how much In this article, let’s focus on whether your child can study for an MBA in the UK under Rs 25 lakhs and build the grand future you have envisioned for them.   Is an MBA in the UK under 25 lakhs possible?  UK has 15% of the world’s top MBA institutes and over 25% of the international students in the UK, including students from the European Union (EU) and non-EU students, choose business and financial studies, with MBA being one of the popular courses.   MBA courses in the UK are either 12-month full-time or 24/36-month part-time courses, with tuition fees ranging from GBP 10,000 to GBP 16,000. Add to this the cost of flights, registration, stay, and food, and you are looking at an overall figure of GBP 18,000 – 24,000, depending on where you choose to study and stay. This translates to approximately Rs. 18 – 24 lakhs for the Indian student.  https://youtu.be/iPUo_tXR8TY How to work towards a Rs. 25 lakh corpus? Most students decide to pursue an MBA in the UK during their graduation. You must know that MBA courses in the UK demand 3 years of work experience as one of the eligibility criteria. So that gives the student about 4-5 years in hand to save the corpus. Five years in terms of the investment period is a short time, hence you must keep your capital safe at all times.   You can start with recurring accounts that will enable you to accumulate the funds, then put them in debt funds or mutual fund schemes that assure you stable growth and returns. Alternatively, you can directly identify the mutual funds that will keep your money safe and predict a 5-7% growth over a five-to-seven-year period.   Bonds are a safe bet but typically have a longer lock-in period. You can also look at fixed deposits of private companies that are giving higher returns. Just make sure the company is a reliable name.   In terms of how much you will need to put away each year if you have a 5-year horizon, look at putting away Rs. 5 lakhs per year. If that sounds difficult, you may then have to consider extending your horizon to be able to accumulate the funds that you need. You could partly fund your child’s overseas study with a scholarship or an educational loan.  Source: pixabay Why studying an MBA in the UK is popular? The business administration programs in the UK give you an excellent opportunity to learn in some of the most reputed colleges in the world. The teaching methods, the faculty, and the alumni at these institutes will add an excellent edge to your resume as you set out on your career.  Studying MBA in the UK is particularly attractive if you are looking at Financial Management and International Business and Marketing. The UK-based courses along with the other MBA programs in other European countries offer interesting exposure to the students, and given the close proximity, give students from India an excellent chance to explore the work cultures and mindsets in the rest of Europe as well.   https://www.youtube.com/shorts/sRiktJ_KLmo EduFund Plan your child's master's in the UK Read More Why the UK is a preferred MBA destination? It is a well-known fact that MBA courses are a great opportunity to network with industry leaders and build friendships and bonds with your peers that will last a lifetime. Given the strategic location of the UK, whether you have plans to work in Europe or the Far East; or wish to return to India post your MBA, UK universities will help you to enhance your resume and your network like a few other countries.   With its large Indian population, most students traveling to the UK find comfort in cultural overlaps, and the ease of finding Indian cuisine is an important factor to be considered especially if the student is traveling and staying overseas for an extended period for the very first time.   Some UK Scholarships for students looking to pursue an MBA There are several scholarships available for students who wish to pursue an MBA in the UK. Scholarships like: Commonwealth Masters Scholarships Commonwealth Fellowship Plan Inlaks Scholarship Felix Scholarship.   While these scholarships are available, you must also note that the competition for these is very high. When planning your future, you must have a backup that will allow you to pursue the overseas study dream independent of the scholarship. That is where long-term savings come in. If you plan well in advance, you will be easily able to save up the funds you will need.   Source: pixabay Job prospects after an MBA in the UK If you want to see your child settled in the UK after completing their studies then you must note that the UK only offers up to 4 months of post-study work permit. This period is allocated to help your child look for jobs in their niche.   Statistics show that the employability rate of students doing their MBA in the UK is above 95%, and the average salary one can expect is GBP 50,000 (Rs. 51 lakhs approx.), which makes the investment you make in your education, well worth it!  If you have contacts and family in the UK, it becomes that much easier for you to find affordable stays closer to your university and maybe even land a job quickly. Further, several universities in the UK have scholarships for students from India and Commonwealth countries. Do your research, put in your application and you will find with a budget of Rs. 25 lakhs, pursuing an MBA in the UK under 25 lakhs is possible!  FAQs Is it possible to pursue an MBA in the UK within a budget of 25 lakhs?   Yes, it is possible to pursue an MBA in the UK within a budget of 25 lakhs. There are several universities and business schools that offer affordable programs and scholarships to international students.   What are the admission requirements for an MBA program in the UK?  The admission requirements for an MBA program in the UK vary from university to university. However, common requirements include a bachelor's degree, work experience, a good GMAT/GRE score, English language proficiency, and letters of recommendation.   What are the career prospects after completing an MBA in the UK?   Completing an MBA in the UK opens up a wide range of career prospects. Graduates often find opportunities in multinational corporations, consulting firms, finance sectors, and entrepreneurial ventures. An MBA degree from the UK is highly valued and can boost career advancement.  Are there any scholarships available for international students pursuing an MBA in the UK?   Yes, many UK universities and organizations offer scholarships specifically for international students pursuing an MBA. These scholarships can help reduce the overall cost of the program and provide financial assistance.   Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Thanks to its renowned universities, vibrant student cities, and well-planned lifestyle, Canada is a highly sought-after location for international students to pursue their studies. In 2023, Canada's tuition fees for international students will reflect the vast array of opportunities available with both high-end and affordable universities. With more than 30 universities featured in the prestigious World University Rankings by THE (Times Higher Education), Canada boasts some of the finest academic institutions in the world. Keep reading for valuable insights into the tuition fees for international students in Canada in 2023, the cost of living, and scholarship possibilities for studying in "The Great White North." https://www.youtube.com/watch?v=x9B8449Iuw4 Canadian Tuition Fees for international students in 2023 In 2023, international students studying in Canada can expect to pay tuition fees generally lower than those in countries like the United Kingdom, the USA, or Australia. However, they can still be relatively high. The actual cost of tuition may vary from year to year and can also depend on factors such as the city or specific degree program being pursued. For example, some of the cheapest universities in Canada can be found in Newfoundland, while Ontario tends to have the most expensive options. https://www.youtube.com/watch?v=k8c_dfmXMkA 1. Bachelor's degrees For Bachelor's degrees specifically, it is possible to find affordable universities in Canada with tuition fees ranging from ₹70 to 95 lakhs for the entire program. However, it is essential to note that programs such as Medicine, Engineering, and Social Science fall under the most expensive categories. Bachelors in Business & Management: ₹85 – ₹95 lakhs Bachelors in Computer Science & IT: ₹75 – ₹80 lakhs Bachelors in Engineering & Technology: ₹85 – ₹95 lakhs Bachelors in Social Sciences: ₹70 – ₹80 lakhs Bachelors in Law: ₹80 – ₹90 lakhs 2. Master's degrees The tuition fees range from ₹20 to 80 lakhs, with the highest costs typically associated with pursuing a Master's degree in Business, Engineering, Computer Science, and Law. Masters in Business & Management: ₹70 – ₹80 lakhs Masters in Computer Science & IT: ₹20 – ₹30 lakhs Masters in Engineering & Technology: ₹30 – ₹40 lakhs Masters in Law: ₹20 – ₹30 lakhs Masters in Social Sciences: ₹20 – ₹30 lakhs The tuition fee ranges for Bachelor's and Master's programs in Canada serve the purpose of helping you determine the budget required for your studies. Selecting the most costly programs is unnecessary, as high expenses do not always equate to better education. Similarly, choosing the cheapest university for financial convenience may not ensure satisfaction. It is recommended to strike a balance between your budget, tuition fees, and your educational goals.  Please note that Canadian college fees can be extremely high, sometimes exceeding ₹60 lakhs per year, but we have excluded them from the tuition ranges as they are infrequent. 3. Inexpensive Canadian universities Here is a list of universities in Canada that are more affordable: University of Regina: ₹1.5 – ₹8.5 lakhs Memorial University of Newfoundland: ₹3.5 – ₹12.5 lakhs Athabasca University: ₹11 – ₹13.5 lakhs University of Saskatchewan: ₹18 – ₹44 lakhs Royal Roads University: ₹20 – ₹30 lakhs Several study programs at Canadian universities, even the most affordable, have an annual cost exceeding ₹20 lakhs. Typically, these programs include Master's degrees in Business, Law, Dentistry, and MBA (Master of Business Administration). Pursuing an MBA can be particularly expensive, with tuition fees exceeding ₹30 lakhs per year. Recommended universities in Canada University of Toronto Thompson Rivers University York University University of Winnipeg Humber College The tuition fees for international students studying in Canada in 2023 that were previously mentioned are derived from the study programs featured on our portals. You may come across degree programs that are less expensive or more costly than the ones offered by these universities. Fee Structure of UK Universities Read More Cost of living for a student in Canada Living expenses in Canada vary by location, ranging from ₹50,000-92,000/month in most provinces to ₹1.25 lakhs/month in Vancouver and Calgary.  Accommodation options include: Student residences cost ₹15,000 - ₹40,000/month. University-arranged homestays cost ₹25,000 - ₹50,000/month. Apartment rentals cost ₹18,000 - ₹43,000/month. Essential utilities cost around ₹10,000/month, and the internet typically runs between ₹3,000-4,300/month.  Food costs can be kept to around ₹18,000/month by shopping at affordable supermarkets while dining out can be expensive (₹600 - ₹1,500/meal).  Monthly transport passes are discounted at ₹5,500 for university students aged 18-25. Taxis cost ₹120-400/kilometer. Funding and financial support Although tuition fees for international students in Canada may be high in 2023, don't let that discourage you from pursuing your dreams! Fortunately, numerous financial aid programs are available to support international students in Canada. Below are just a few examples: 1. Scholarships offered by Canadian universities for Masters's and PhD programs. 2. Scholarships designed to promote collaboration between non-Canadian academic institutions and the local academic community. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts. Consult an expert advisor to get the right plan Talk To An Expert

Funding is the most important yet neglected aspect of sending your child abroad for higher studies. A majority of Indian parents do not realize how expensive it is to finance a foreign education and how hard saving for your child’s education abroad is. This is because certain factors like overlooked when it comes to financial planning. Let’s dive in and understand the factors that directly affect your chances of saving for your child’s education abroad-  Education Inflation  Education inflation directly affects the cost of education. It affects your child’s tuition fees, application fees, accommodation as well as the cost of books and study supplies. In fact, the rate of education inflation far exceeds the rate of household inflation today; parents do not factor in inflation while planning or saving for their child’s education. They make the mistake of preparing for the prevailing tuition costs and living expenses rather than the future costs when their child will actually go off to college.   To ensure inflation does not eat your savings, you can calculate the future cost of education (that is when your child goes off to college) and start saving for that cost in place of the current tuition fees. Use a calculator that takes into account the study destination, your child’s desired courses, accommodation fees, and living expenses to know how much you need to save in order to help your child excel in their dream university.    Not Starting Sooner    Another factor that parents overlook when starting an education fund for their child’s education is time. Starting early is the best way to maximize gains and returns on your investments and savings. The ideal time to start planning for your little one’s education is before they are born. Parents who start early can reap the benefits of long-term investments and the magic of compounding.    Both Parents Can Save  By ensuring you and your partner contribute towards the education corpus, you can achieve this goal faster. Often, one parent takes the responsibility or ownership of saving for their child’s education but both the parents contributing to this humongous feat can be achieved far more quickly. This method of saving can help you save more and even get to the goal in time. It is a great way to ensure consistency and discipline.   Source: Pixabay Putting your eggs in one basket  A rookie mistake that many Indian parents make is that they invest in only traditional forms of investment such as FDs, gold, and real estate and undermine the value of new-age investments like Mutual funds, ETFs, stocks, bonds, etc. This is a huge disadvantage because you miss out on the opportunity to save against inflation. New-age investments offer a unique opportunity and hedge against inflationary forces which means by investing with them, you get to beat inflation. The latter investments are also more flexible and offer liquidity. There is also an opportunity to save in dollars and not rupees with new-age investments through ETFs.    Not choosing the right platform to save  Saving with the right partner or financial expert is extremely important. If you pick the right guide, you can get to your goal faster and more efficiently. Though there are many platforms that help you invest, there is a high chance they do not understand your goals as parents who wish to save for their child’s foreign education and may not offer the guidance or financial expertise you need to build a strong and diverse education corpus that beats inflation. So do your research, and figure out the best platform that understands your needs and preferences before starting a savings fund for your child’s future.   These factors can help you determine how to save when to save and how much to save for your child’s education abroad. The right guidance can do wonders for your child’s future and dreams! FAQs How can I save for education abroad? There are many ways to save to study abroad. The most profitable way is to invest in mutual funds, ETFs, and US stocks. These investments allow you to grow your wealth in a such way that it beats inflation. As a working professional, investing 20% of your income every month is an ideal start. Based on your time horizon, consult an expert and find out what's the best way to reach the goal in time. How can I save money for my child's higher education? By investing, you can save up enough for your child's higher education. You can connect with EduFund experts and find out the best investment options for your financial goals based on your risk and time horizon. How can I save money for my child's higher education? Foreign education is a way to settle abroad, gain incredible cultural experience, and even grow your career. These advantages help your child grow as a person and gain opportunities that developed countries have to offer. Foreign education is extremely expensive so planning your child's education is important and investing in mutual funds, ETFs, and US stocks is the best way to do so. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

In the previous article, we read about how to finance your child's education post-pandemic. In this article we will discuss are scholarships in the USA enough to cover your child's college costs. Traditionally, the USA has been the go-to destination for foreign education despite the price tag. The country tops the charts when it comes to higher education and offers grants, scholarships, and fellowships to international students as an incentive to study in the country. While many universities offer scholarships in the USA, the question remains Are scholarships enough to cover your child’s college costs in the USA? Scholarships in the USA: Quick Overview There are various American universities and third-party organizations that offer scholarships. However, most scholarships cover only a part of the expenses. For instance, While Fulbright Scholarships for Masters and Ph.D. programs and Yale University Scholarships for Undergrad, Master’s, and Ph.D. courses are proposed as fully funded, the fact is not every student is offered a full ride. While a Yale scholarship can go up to USD 70,000, the average scholarship awarded is around USD 50,000. This must be taken into consideration while planning overseas studies. Higher education in the USA in a well-reputed college gives your child access to the best networks, education, and teaching faculty but it's also a costly affair. Scholarships and grants offer relief to an extent and your child will either rely on a student loan or your savings for their education. In fact, the difference in currency rates makes the overall expense amounts even larger, especially if the savings are stored in the local currency. Apply for Scholarship Know that scholarships in the US are available on a need basis and merit basis. Need-based scholarships need to be renewed annually following the submission of necessary eligibility documents. For most graduate courses, scholarships will fund only a part of the expense. The rest has to be covered by the student. There are various research assistantships and other on-campus job opportunities available that help students cover at least a part of their expenses. 1. Expenses to be considered When a student is planning to travel to the USA for a college education, there are several expenses to be considered. These include tuition fees, university registration, security deposit, flights, stay, meals, and even projects that may include travel. 2. Will my child get a full scholarship? Full scholarship for undergraduate students is rare in the US. Most local students apply for and get federal aid, but they are also required to fund part of their studies on their own. Most students at this juncture apply for an educational loan that takes years to settle. In most universities, similar rules apply to international students as well. Part of the tuition fee is covered under the scholarship for international students, but the remaining tuition fee and all other expenses have to be borne by students on their own. Even in the case of a few colleges that offer 100% scholarships to needy students, the same is applicable only for the first year of study. For the following academic years, the student must arrange funds at his/her end. 3. Criteria for applying for scholarships to study in the US for Indian students While each university will have its own eligibility criteria for scholarships, here is a list of some standard criteria that are considered for scholarships: Students must have good academic scores. This is considered along with your selected university, subject, and level. Universities in the US place significant weight on extracurricular activities such as hobbies, athletics, leadership camps, and volunteering work. The requirements of each scholarship vary and parents would do well to check the eligibility criteria a couple of years in advance to help the child build an appropriate application. In research-centric programs, students typically have to submit original written documents as proof of their capability and ability to think and work in their chosen field. 4. When to apply? The procedures are typically long, and at times applications being considered for the scholarship may also come back with queries or requests for additional documentation. Hence it is best for students to start with the scholarship application procedure about 8-12 months before their preferred intake begins. 5. Building your corpus for international education in the US This is where a planned financial approach comes in. Typically, a four-year undergrad program at any of the top-ranking universities in the USA, with tuition fees, flights, stay, and other standard expenses amounts to Rs. 70 lakhs (as of 2022). Even for a post-grad course, the two-year course in a good university would work out to over Rs. 50 lakhs in just tuition fees. As parents, you need to be aware that while scholarships are available, these will only take care of a part of your expenses. So, if your child is planning to pursue a college education in the USA, you need to start saving and judiciously investing funds at least 10 years in advance. This enables you to put together a substantial corpus over time. And when the time comes, your child will be free to choose the college and course of his/her choice! FAQs Will my child get a full scholarship to study in USA? Full scholarship for undergraduate students is rare in the US. Most local students apply for and get federal aid, but they are also required to fund part of their studies on their own. Most students at this juncture apply for an educational loan that takes years to settle. What are some popular scholarships to study in USA? Here are some popular scholarships to study in USA: US Fulbright Scholar Program.Fulbright Foreign students scholarship.Clark Global Scholarship Program.The HAAA Scholarship.Yale University Scholarships USA What is the criteria for applying for scholarships in the USA? While each university will have its own eligibility criteria for scholarships, here is a list of some standard criteria that are considered for scholarships: Students must have good academic scores. This is considered along with your selected university, subject, and level. Universities in the US place significant weight on extracurricular activities such as hobbies, athletics, leadership camps, and volunteering work. The requirements of each scholarship vary and parents would do well to check the eligibility criteria a couple of years in advance to help the child build an appropriate application. TALK TO AN EXPERT

The U Multirank Rankings of 2018 put the University of Toronto second only to Harvard University in terms of high-caliber research publications, supporting the university's claim that it is the best research institution in the world. Here's how to apply to the University of Toronto after your bachelor's for a post-graduate program! University of Toronto: Admission Process More than 200 master's and doctorate programs are available at the University of Toronto for graduate admittance. Popular graduate programs that are now taking applications include Financial Economics, Management Analytics, and MSc Computer Science. With its application site, graduate aspirants can submit their applications directly to the University of Toronto. Mode of Application - OnlineApplication Fee - 120 CAD (7,300 INR)Admission Requirements -  The following broad criteria must be met for graduate admission: Bachelor’s degree in a related field of study GPA or Aggregate: 73% - 76% All academic transcripts from an accredited college/ university English language proficiency- TOEFL/ IELTS IELTS: 7.0 with no band below 6.0  TOEFL iBT: 93 2 LOR Resume Statement of Purpose to Study in Canada/ Essay GRE required for a few programs For several MBA programs and other management degrees, a GMAT score is necessary (Average GMAT score: 670) Interviews might be required for some programs. Cost to study MBA in Canada Read More How to apply to the University of Toronto after a bachelor? Following is the step-by-step process to apply to the University of Toronto after a bachelor: Step 1: Prepare all required documents for the application. 1. Names and email addresses of three referees  To complete your application, you need to provide three reference letters. At least two letters should attest to your capacity for graduate-level independent research. Referees with a strong background in academia or research are desired. 2. Research interests You will be asked to rank your research interests and the academic members you would want to collaborate with on the application. 3. Statement of purpose  A two-page maximum personal essay outlining your professional objectives, your motivation for wanting to do research, your interests in certain fields of study, and your abilities and credentials. Explain any original research you have conducted, including the methodology, findings, significance, your participation in the study, and any publications you were involved in producing as a consequence of the research. 4. Resume/CV  Please provide a resume or CV outlining your training, employment history, and other experience. Include all of your conference and journal articles together with comprehensive citations that include the names of all authors, the publication's location, the date, the publication's page numbers, and any indication of peer review. Also, mention every conference talk you have delivered, along with the conference name and the session's duration. 5. Official academic transcripts  Throughout the application procedure, applicants just need to upload an unofficial scan or PDF version of their papers. Before registering, applicants who get a conditional offer of admission are required to present official copies of all degree certificates and final transcripts. Step 2: Application portal  Applicants for the School of Graduate Studies at the University of Toronto must submit their applications before the deadline and include a $125 (CDN) non-refundable application fee. 1. Creating your account To start your application if this is your first time, click the link to Make an Account. As part of the account creation procedure, you will get an email with a verification code. Your verification code must be entered before you can create a password for your account. 2. Application The application must be submitted by the application deadline, and payment must be made. You may save and return to the application at any time during the process. Logging into your account will allow you to access the application status site where you can see the status of your application and any unmet requirements. 3. Referees  Three referees' personal details must be included. The system will take up to five names. Your referees will be informed through email right away and automatically that they have been asked to provide a reference for your application. The correspondence will also include information on how to upload their reference letter into the application system. After completing your application, you may use your applicant site to notify your referees by email if necessary. Step 3: English-language test and GRE scores  Please make arrangements to have your GRE and/or English language test results electronically sent to the University of Toronto's Enrollment Services, if appropriate. This information may also be informally provided in your application. Step 4: Interviews  Some applicants could be required to take part in online interviews with possible supervisors or a member of the graduate admissions committee. Step 5: Results Between February and the end of April, the University of Toronto attempts to inform candidates of the outcome of their application. TALK TO AN EXPERT

The legal and regulatory rules surrounding abroad education loans have become increasingly important as more students pursue higher education overseas. Obtaining an education loan for abroad studies can be a complex process that requires meeting certain eligibility criteria and following a specific application process.   In recent years, there have been several developments in the education loan landscape, including changes in interest rates and loan repayment terms. It is important for students and their families to be aware of these developments and understand the loan process to make informed decisions about financing their education. Key legal and regulatory aspects of education loans for studies abroad 1. Education Loan Eligibility  Eligibility requirements for education loans vary depending on the lender and the country where the student is studying. In general, students must be enrolled in an accredited institution of higher education and demonstrate their ability to repay the loan. This often requires a co-signer, such as a parent or guardian, who is willing to take on financial responsibility if the borrower is unable to repay the loan.  https://www.youtube.com/watch?v=HEgDlLoxsjo 2. Loan for Students  Education loans for abroad studies can be either secured or unsecured. Unlike unsecured loans, secured loans call for collateral like a house or other assets. Secured loans may have lower interest rates, but they also carry the risk of losing the collateral if the borrower is unable to make the loan payments.  https://www.youtube.com/watch?v=rTHsIe85tMY 3. Education Loan Process  It might be difficult and time-consuming to get an education loan for studying abroad. Students must research and compare loan options from different lenders, submit an application with supporting documentation, and wait for approval. The loan approval process may take several weeks or even months, so it is important for students to plan and apply early.  https://www.youtube.com/watch?v=uPGJr3BiXpI 4. Legal and Regulatory Rules of Abroad Education Loans  The legal and regulatory landscape surrounding abroad education loans is constantly evolving, with new rules and regulations being introduced on a regular basis. In the United States, for example, the Higher Education Act governs federal student loans, while private lenders are subject to state and federal consumer protection laws. Recent changes to the Higher Education Act have included reforms to simplify the loan repayment process and provide more flexible repayment options for borrowers.  Another key aspect of the legal and regulatory rules of abroad education loans is the interest rate charged by lenders. Interest rates can vary widely depending on the lender, the borrower's credit history, and the type of loan. In some cases, lenders may offer lower interest rates to borrowers who demonstrate a strong academic record or have a co-signer with good credit.  https://www.youtube.com/shorts/rTHsIe85tMY 5. Repayment Options and Consequences  Repayment options for education loans for abroad studies can vary depending on the lender and the type of loan. Some lenders offer flexible repayment plans that allow borrowers to make smaller monthly payments or defer payments for a period. However, borrowers who choose to defer payments may accrue additional interest and ultimately end up paying more over the life of the loan.  Additionally, borrowers who are unable to make their loan payments on time may face serious consequences, such as damage to their credit score and even legal action from the lender. It is important for students to carefully consider their ability to repay the loan before taking on the financial obligation.  How to choose the best education loans? Read More 6. Recent Developments in Abroad Education Loans  In recent years, there have been several developments in the abroad education loan landscape. One major trend has been the rise of online lenders, which offer a streamlined application process and often faster loan approval times. However, online lenders may also charge higher interest rates than traditional lenders, so it is important to carefully compare loan options and terms.  Another development has been the increased focus on financial literacy and education for students and their families. Many lenders and educational institutions now offer resources and support to help students make informed decisions about borrowing and managing their finances.  Conclusion  Education loans for studying abroad can provide students with the financial support they need to pursue their academic goals and gain valuable international experience. However, it is important for students to carefully consider their eligibility, loan options, and repayment terms before taking on a financial obligation. By understanding the legal and regulatory landscape surrounding abroad education loans and staying informed of recent developments and trends, students can make informed decisions about their education financing and set themselves up for long-term success. 

Financing your studies abroad can be a daunting task, but there are many resources and organizations available to provide support and assistance. If you're looking for financial aid, there are a variety of funding sources and financial aid resources that you can turn to.   Your school's study abroad office or financial aid office can be a great place to start, as they may have information about scholarships, grants, and other funding opportunities specifically for students studying abroad.   Additionally, there are many external organizations and programs that offer financial support for international studies, such as government agencies, private foundations, and nonprofit organizations. By utilizing these resources and exploring your options, you can find the financial support you need to make your study abroad dreams a reality.  https://www.youtube.com/watch?v=Dhe2ezcmKJw Exploring financing options for your study abroad experience  Studying abroad is an exciting opportunity that can broaden your horizons, expose you to new cultures, and enhance your education. However, financing your study abroad experience can be a challenge for many students. Fortunately, there are a variety of resources and organizations available to provide support and assistance in financing your studies abroad.  Financial aid offices and study-abroad offices  One of the first places to look for financial assistance is your school's financial aid office and study abroad office. These offices may have information about scholarships, grants, and other funding opportunities specifically for students studying abroad. They can also provide guidance on financial aid applications, budgeting, and financial planning for your study abroad experience.  It is important to note that financial aid for study abroad programs is often limited and highly competitive. Therefore, it is recommended that you start researching and applying for financial aid early on in the process.  https://www.youtube.com/watch?v=Um1-4lhX8UE External Organizations and programs  In addition to your school's financial aid office and study abroad office, there are many external organizations and programs that offer financial support for international study. These organizations may offer scholarships, grants, or other types of financial assistance to help cover the costs of tuition, travel, and other study-abroad expenses.  One example of such an organization is the Gilman Scholarship Program, which offers awards of up to $5,000 to undergraduate students who are receiving federal Pell Grant funding and participating in study abroad programs. Another example is the Fulbright Program, which offers grants for graduate students, faculty, and professionals to study, teach, or conduct research abroad.  Government Agencies and Foundations  Government agencies and private foundations can also be valuable sources of funding for international study. For example, the United States Department of State's Bureau of Educational and Cultural Affairs offers a variety of study abroad programs and scholarships, including the Critical Language Scholarship and the Benjamin A. Gilman International Scholarship.  Private foundations such as the Fund for Education Abroad and the National Italian American Foundation also offer scholarships and grants for students studying abroad. It is important to research and apply for these opportunities well in advance, as the application processes can be lengthy and competitive.  Personal Financing and Budgeting  In addition to seeking financial aid from external sources, it is important to develop a personal budget and plan for financing your study abroad experience. This may involve saving money from part-time jobs, cutting back on unnecessary expenses, or seeking out alternative forms of financing such as student loans or crowdfunding.  It is also important to research the cost of living in your study abroad destination and factor in expenses such as housing, meals, transportation, and travel. By developing a clear budget and financial plan, you can better manage your finances and avoid unexpected expenses during your study abroad experience.  Additional resources for financing studies abroad  In addition to the resources mentioned above, there are several other options available to finance your study abroad experience. Some students may consider working part-time jobs or freelancing while studying abroad to earn additional income. Others may consider crowdfunding or fundraising efforts to help cover their study abroad expenses.  There are also study abroad programs that offer financial assistance or discounts to students who meet certain eligibility criteria. For example, some programs may offer discounts to students who study abroad during off-peak seasons or who enroll in multiple study abroad programs.  It is important to research these options and determine which ones are best suited for your individual needs and circumstances. Keep in mind that financing your study abroad experience will require careful planning, budgeting, and research.  Managing your finances while studying abroad  Once you have secured funding for your study abroad experience, it is important to manage your finances carefully while abroad. This may involve setting up a local bank account, tracking your expenses, and being mindful of your spending habits.  Many students find that their study abroad experience is more expensive than they initially anticipated, and unexpected expenses can quickly add up. To avoid financial stress, it is important to stay organized and keep track of your expenses, and be proactive in seeking out financial assistance or support if needed.  Conclusion  Studying abroad can be a life-changing experience that opens new opportunities and perspectives. However, financing your study abroad experience can be a major obstacle for many students. By utilizing the resources and organizations available, researching external funding opportunities, and developing a personal budget and financial plan, you can make your study abroad dreams a reality. With careful planning and financial management, you can gain valuable international experience and enhance your education and career prospects. 

The Netherlands has long been known for its high-quality higher education system, with a strong reputation for research and innovation. However, studying in the Netherlands can often come with a high price tag, making it a less accessible option for some students. Fortunately, there are several affordable universities in the Netherlands that offer excellent education without breaking the bank.   These universities offer a range of programs taught in English, from bachelor's to master's and Ph.D. degrees, with tuition fees often significantly lower than those of other institutions in Europe and the US. Along with affordable tuition, these universities offer various scholarship opportunities, making studying in the Netherlands an achievable goal for students from all backgrounds. In this article, we will explore some of the most affordable universities in the Netherlands and the opportunities they provide for students looking to study in this beautiful country.  Top cheap universities in the Netherlands for International students  The Netherlands is a popular study destination for international students, but tuition fees can often be a major hurdle. Luckily, there are several affordable universities in the Netherlands that offer excellent education at a reasonable price. In this article, we will highlight 6 of the cheapest universities in the Netherlands for international students.  1. Delft University of Technology  Delft University of Technology, also known as TU Delft, is a public university and one of the most affordable universities in the Netherlands. As the largest technical university in the country, it has a strong reputation for engineering education. TU Delft is committed to combining research, innovation, and technology to create cutting-edge inventions, and it challenges its students to pursue advanced solutions. In addition to several master's programs in Chemical Engineering, Electrical Engineering, Biomedical Engineering, Aerospace Engineering, Civil Engineering, Construction Management, and Engineering, the university offers a variety of popular undergraduate programs in Nanobiology, Aerospace Engineering, Industrial Design Engineering, and Molecular Science and Technology.   The average tuition fees for undergraduate and postgraduate programs at TU Delft are 15,200 EUR per year and 19,600 EUR per year, respectively.  2. Maastricht University  Maastricht University is a highly regarded public university and one of the affordable options for international students studying in the Netherlands. With over 50% of its students coming from abroad, it is also one of the most international universities in the country. The study programs at the university have an international focus and are created to prepare students for their future careers. A number of well-known master's programs are available at Maastricht University, including Business Research, Data Science for Decision Making, Dutch Law, Digital Business and Economics, Economic and Financial Research, and Economics. Biomedical sciences, economics and business economics, European Studies, the European Law School, and data science and knowledge engineering are some of the university's most well-liked undergraduate programs.   The average tuition fee for undergraduate and postgraduate programs at Maastricht University is 8,221 EUR per year and 12,331 EUR per year, respectively.  Affordable Universities in the UK READ MORE 3. Radboud University  Radboud University is a public university located in Nijmegen and is one of the most affordable universities in the Netherlands. While the majority of its programs are for graduate students, the university also offers around 15 undergraduate programs. Radboud University provides a wide range of programs including American Studies, Business Management, Chemistry, Artificial Intelligence, and Molecular Life Studies. Some of the popular undergraduate programs at the university include B. An Arts and Culture Studies, BSc Psychology, B.An International Business Communication, BSc in Computing Science, BSc in Artificial Intelligence, and BSc in Chemistry. For postgraduate students, the university offers several master's programs, such as MSc Artificial Intelligence, MSc Cyber Security, MSc Information Sciences, MSc Business Administration, and MSc Economics.   The average tuition fees for undergraduate programs at Radboud University are 2,143 EUR per year, while for postgraduate programs, the fees range from 12,500 to 16,500 EUR per year.  4. University of Groningen  The University of Groningen is a public university and one of the affordable options for international students studying in the Netherlands. It provides various programs to over 6,000 international students and is organized into 11 faculties of study, including multiple graduate schools and several elite research institutions. The university offers a wide range of disciplines, including law, economics, business, humanities, social sciences, life sciences, and more. The University of Groningen is popular for its undergraduate programs such as American Studies, Media Studies, Art History, International Business, Medicine, and Astrology. The university also offers several master's programs such as master's in psychology, European Studies, Linguistics, Finance, and Information Science.   The average tuition fees for undergraduate programs at the University of Groningen are 9,000 EUR per year, while for postgraduate programs, the fees are 13,220 EUR per year.  Affordable Universities in NewZeland Read More 5. University of Twente (UT)  The University of Twente (UT) is a public university and a leader in implementing educational design reforms in line with the new bachelor's and master's degree structures. The university is internationally appreciated for its expertise in public policy studies and applied physics to biomedical technology. UT is one of the most affordable universities in the Netherlands, offering numerous programs to international students across its five different departments. The university offers various popular undergraduate courses such as Applied Mathematics, Advanced Technology, Biomedical Technology, Chemical Science & Engineering, Civil Engineering, Communication Science, Electrical Engineering, and Health Sciences. Similarly, the postgraduate courses offered by UT include Applied Physics, Biomedical Engineering, Business Administration, Civil Engineering & Management, Computer Science, Educational Science & Technology, Embedded Systems, and European Studies.   The average tuition fees for undergraduate programs at UT are 8,200 EUR per year, while for postgraduate programs, the fees are 12,750 EUR per year.  6. Utrecht University  Utrecht University, a public university in the Netherlands, is well-regarded for research and technology across its seven departments and three institutes. With over 90 Master's programs and 12 bachelor's programs, Utrecht University is known for its quality education at a reasonable tuition fee, making it one of the most affordable universities in the Netherlands for international students.   Popular courses include economics and business economics, global sustainability science, and MSc in infection and immunity, with an average tuition fee of 11,000 EUR/year for undergraduate programs and 17,500 EUR/year for graduate programs.  In conclusion, the Netherlands offers a range of cheap tuition fees for universities for international students. Among these, Maastricht University, Radboud University, University of Groningen, University of Twente, and Utrecht University stand out as popular choices for students looking to pursue their higher education in a dynamic and internationally oriented environment. These universities offer a variety of bachelor's and master's programs across disciplines such as business, engineering, humanities, and sciences. With affordable tuition fees and high-quality education, these universities provide an excellent learning experience to students from all over the world. 

A budget helps one monitor expenses and spend accordingly without going overboard. In this blog, we will discuss the importance of creating a budget when studying abroad and how to use an abroad education loan to help fund that budget. The importance of creating a budget when studying abroad Following is the importance of creating a budget when studying abroad: 1. Ensure your survival It might not be easy to continue your studies while living abroad. It might be stressful to manage all of your bills that your parents have always taken care of, especially if you need their assistance. Plan for the coming month and create a budget in this situation to balance your income and spending without having to look back on it afterward. 2. Avoid unnecessary expenses Living abroad will undoubtedly involve free exploring the city, tasting local food, endless shopping, late-night shows, and partying. Nevertheless, you don't keep track of your spending. In that case, you never know when these costs may increase, leaving you destitute and eagerly anticipating your next paycheck while making you regret burning a hole in your wallet. Even though you are young, you may tend to lose track of your expenditures even though you are somewhat mature. Keeping a budget enables you to partake in life's pleasures within certain bounds and assists you in drawing the line when necessary. 3. Opportunity to invest your money You are setting the path for rewards in your life when you prepare and organize your budget in advance. You shouldn't hesitate to take advantage of a chance to invest your money in a location where doing so could benefit you.  You will always be able to advance towards a better destination since budgeting promotes savings. With a well-planned budget, you will always be in the driver's seat, whether investing in a course to advance your knowledge or using what you are learning in the real world. How to use an abroad education loan to help fund that budget? Education loans are designed to pay for living expenses while the borrower pursues a degree and tuition, books, and supplies. The list of costs you can incur to fund your budget using your education loan is as follows: 1. Tuition fees One of the two main components of education loans in India for studying abroad is the tuition fees charged by foreign colleges. An education loan in India is intended to assist students in paying their tuition costs while studying abroad. In India, all student loan repayments include tuition. So, while deciding on the overall amount of your student loans, you should prioritize covering your tuition costs. 2. Living expenses The term "factors" can refer to a wide range of things. The main living costs for a student include their rent or room and board, food, and expenses for other daily necessities like transportation to and from school, a security deposit for housing, etc. Your living expenditures should be factored into the total cost of your study abroad program. 3. Health insurance International students are frequently required to obtain health insurance by many foreign colleges. This specific cost is covered by an education loan in India for studying abroad because it is one of many students who need to study overseas. Hence, while applying for an education loan, health insurance can also be taken into account. 4. Study aid This information can also be included in the education loan details if the offer letter from your university abroad states that you are responsible for paying for field excursions and other extracurricular activities during the duration of your degree. In addition, while applying for both forms of school loans in India, students can include the price of products like books, computers, and other study supplies in their overall costs. Common mistakes to avoid while taking education loans Read More How to budget while studying abroad? Following are the tips to budget while studying abroad: 1. Use your student status As soon as you can, obtain a student ID card. With the aid of this card, you may save money on dining out, shopping, movie tickets, transit, and various cultural activities. Check out the several websites that provide excellent student discounts on activities and purchases! 2. Time to get smart Although studying abroad is expensive, you may easily make it through with the right preparation. Making a priority list is the greatest approach to determining what you need and desire. Find ways to save your money and use it smartly. Also, you may lower your everyday expenses in the following ways: Sharing accommodation Get student discount cards Buy used books or digital copies Join a library Get passes for local transport Shop during sales Purchase from community stores 3. Grab your bike Why not take a trip to your college if it is close enough? This is a far healthier alternative and saves money on transportation costs.

Studying abroad provides a great opportunity for students to gain valuable experience, expand their horizons, and make lifelong connections. However, the cost of studying abroad can be a significant barrier for many students. The upside is that there are ways to make studying abroad more affordable, including education loans specifically designed for international students. Tips for students who are considering studying abroad but are worried about the cost 1. Research scholarship opportunities Many universities offer scholarships and financial aid to international students. Researching and applying for these scholarships can significantly reduce the cost of studying abroad. Additionally, there are many third-party organizations that offer scholarships to international students. 2. Consider a less expensive country The cost of living and tuition fees can vary significantly from country to country. Consider studying in a less expensive country to reduce costs. For example: studying in India or China can be significantly less expensive than studying in the United States or Europe. 3. Plan a budget It is important to plan a budget and stick to it when studying abroad. Make sure to consider all expenses, including tuition fees, accommodation, transportation, food, and other living expenses. Living frugally and budgeting carefully can help reduce the overall cost of studying abroad. 4. Start early Begin the application process early, as it may take some time to gather all the required documents and submit them. Make sure you meet all the application deadlines. 5. Be open-minded Be open to new experiences, cultures, and people. Studying abroad can be challenging, but it can also be an enriching and rewarding experience if you are willing to step out of your comfort zone. 6. Work part-time Many countries allow international students to work part-time while studying. Working part-time can provide an additional source of income and help cover living expenses. 7. Explore education loans for international students An abroad education loan is a type of student loan that covers the cost of tuition fees, living expenses, and travel expenses for students who wish to study abroad. It is a specialized loan that is designed to help students afford the high cost of studying in another country.  Many banks and financial institutions offer education loans specifically designed for international students. These loans can cover tuition fees, accommodation, and living expenses. They often have flexible repayment options and low-interest rates, making studying abroad more affordable. Here are some ways an abroad education loan can help make studying abroad more affordable: Covering tuition fees: An abroad education loan can cover the tuition fees charged by universities and colleges abroad, which can be a significant expense. Accommodation expenses: The cost of accommodation can be quite high in some countries. An abroad education loan can help in covering the expenses related to housing and other living expenses. Travel expenses: Travel expenses can also add up to the cost of studying abroad. An abroad education loan can help in covering the cost of airfare, visa fees, and other related expenses. Flexible repayment terms: Most education loans for studying abroad come with flexible repayment terms. This means that students can repay the loan after they graduate and start working. This can give students time to establish themselves in their careers before having to worry about repaying their loans. Low-interest rates: Education loans for studying abroad typically come with low-interest rates. This makes them more affordable than other types of loans, like personal loans or credit card debt. No collateral required: Most education loans for studying abroad do not require collateral. This means that students do not have to put up any assets as security for the loan. This can be a great relief for families who do not have significant assets to offer as collateral. Access to global education: Studying abroad can provide students with access to world-class education and research facilities. It can also provide students with exposure to different teaching methods and perspectives that can enhance their learning experience. Conclusion  In conclusion, studying abroad can be an excellent opportunity for students to gain valuable experience and expand their horizons. While the cost of studying abroad can be a significant barrier, there are ways to make it more affordable. Researching scholarship opportunities, planning a budget, considering less expensive countries, and exploring education loans for international students can help make studying abroad a reality. By taking advantage of these resources, students can open up new opportunities and experiences that will benefit them for the rest of their lives. There are always ways to get financial aid in various forms. As for any confusion regarding this or any other financial concerns, we have a team of efficient financial advisors just a call away.