When it comes to pursuing higher studies abroad, finance is the first thing that comes into the picture. But with so many options available there is nothing to worry about. In this blog post, we are going to throw light upon ways to finance higher studies for international education.
In India, there are two kinds of overseas education loan options that can be availed by students. Scholarships, fellowships, student prizes are some of the other ways of funding. Take a look!
Five Ways to Finance Your Overseas Education
• Overseas Education Loan
Applying for an education loan is the sure-shot and the easiest way to fund higher studies abroad. There are two kinds of education loans, namely Secured Overseas Education Loan and Unsecured Overseas Education Loan and all the major financial institutions including NBFCs, private banks, and international lenders offer higher education loans to study overseas.
• University Scholarships
Foreign universities offer university scholarships to candidates having a strong academic criteria. These can be partially, or fully funded scholarships, and students are required to apply for the same according to their deadlines.
• Government Subsidy Schemes and Scholarships
Indian Government offers caste-based subsidy schemes for aspirants who are willing to pursue their higher education from an overseas university. Other than subsidy schemes, there are many scholarships that as well that can be taken into consideration. Aspirants are recommended to visit the website of the education department for more details on the same.
• Private Fellowship
Multinational companies like TATA, Reliance, Microsoft offer a private fellowship to Indian students in order to pursue their higher studies abroad. A private fellowship is a funding option that is offered by private multinational companies. Aspirants must check the official websites of these companies to get the exact details.
• One time Student Prizes
Student prizes are another way to finance overseas education. These are offered by international universities to the majority of the students meeting the minimum entry requirements. As a part of the student prize, students are also awarded the title of ‘Scholar’.
So, these are some of the funding options for an international degree at a foreign university. If they choose to apply for an education loan at a private or a nationalized bank, it is advisable to get assistance for overseas education loan process via ELAN Loans.
Aspirants willing to apply for scholarships and fellowships must keep a track of deadlines so that they won’t miss out on a deadline. Submitting the application at the earliest is very crucial as dozens of students apply for the scholarships.
Book a free online session with us and get free of cost assistance from our education loan counselors. We have direct tie-ups with over ten financial institutions and students can choose the best bank for overseas education loan. With our direct tie-ups and assistance, the education loan gets sanctioned and disbursed at the earliest. So, what are you waiting for? Reach out to us and let’s take the first step towards fulfilling your overseas education dream.
