Tag: Study Overseas Help

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Overseas Education Study Abroad

Best Overseas Education Consultants in Noida

best overseas education consultants in Noida

Each country has its unique line of tradition, culture, innovation, and experience. There are job markets that differ, expertise that is vivid and education that is formative. Since every country specializes in certain fields of work, education is also directive towards that field. This is one of the reasons why students opt to study in foreign universities that provide specialization.

In this blog, we will navigate the role and importance that Education consultants hold in the entire process of applying to universities abroad, and note the prominent study abroad consultants in Noida.

What are Education Consultancies?

In today’s date, education has spread its wings wide and there is a sea of options and specialties one can opt for. There are up-and-coming universities, colleges, specialty institutes, online workshops, online degrees and whatnot. With so many options, one might need some help finding a course that best suits them and their aspirations. At this junction, one might say that the need for Education consultancies arises.

Education consultancies are institutions that guide the student through all the steps of career counselling and admission procedures to study abroad. In short, they are your one-stop shop for everything about overseas education. These consultancies might either be a group of professionals working together to help you or might be standalone agents. The team consists of people like career counsellors, travel agents, overseas education experts, and managerial people.

What are Overseas Education Consultants?

Embarking on a journey to study abroad comes with many tiny details that need to be well taken care of. It can become a tedious process to do it all on your own. That is where Overseas Education Consultants appear like a magicians and help you out with all the processes and requirements.

In the last decade, the number of Indian students pursuing education overseas has increased considerably. Often students make the choice of studying in countries like the UK, Ireland, the USA, Australia, Canada, Russia, UAE and so on. Thereby the need for guidance over small and big matters related to overseas admission is at large. Overseas Education consultants help you sail smoothly through the entire mission of studying abroad.

Why Choose Education Consultants?

The first question that comes to mind is why even make a choice of opting for an overseas consultant. Is it absolutely essential? Well, not really. But here are a number of reasons for you to choose education consultants to study in foreign countries:

  1. Agents and consultants help you navigate through the many options available for courses and degrees.
  2. They provide you first-hand information and know-how of the entire sequence of taking admission.
  3. Guidance regarding the step-by-step procedures to apply to universities is gained.
  4. Choosing consultants saves time and energy that would otherwise be spent on going through the unending procedures.
  5. You get to know the loopholes in admission processes and can learn ways to manage them or use them to your benefit.
  6. The strong professional experience, combined with an alumni network opens a path of possibilities for you.

How do Overseas Education Consultants Help?

Now that we have listed the reasons and ways in which overseas education consultants are helpful, let us take a look at exactly how this works. Here are ways in which they help:

  1. Career Guidance: This includes course selection, and selection of the university, and the country that you would study at.
    A. From a multitude of courses, consultancies and agents help you find the most suitable career path for you that is in line with your personal interests. Since the selection of the course determines the kind of job market you will end up in, a thorough understanding of the available options and the scope within the field is provided.
    B. Going forth, the best universities for the course are listed and shortened down to the best possible option.
  2. Application Process: The process of applying to a university is a multi-tier event that takes up a lot of your attention, time, and energy. Agents make it simplified for you by following a set of protocols. Day in and day out, they have been helping with applications and naturally, they gain expertise in going about it as simply as possible.
    A. The process of applying to colleges includes the following steps:
    i. Checking the eligibility criteria. This could include your marks in high school and beyond, the subjects chosen, minimum age and clearance of university examination.
    ii. Doing a background check regarding the documents required.
    iii. Preparing the essays, Sops’ letters of recommendation.
    iv. Prepping and getting a valid score on English language proficiency test.
    v. Helps with the preparation and submission of other academic documents like grade cards, transfer certificates and so on.

B. Helping with the details of cost exemption strategies like applying for scholarships, sponsorships and others. Additionally, helping the student find the best bank loans and financial support is done by the agents and is by far the most beneficial step taken towards education abroad.

C. Cost estimation and financial planning are yet other important aspects of education consultants’ work. Right from the best accommodation options, travel fare, and living expenses are taken care of.

  1. Visa: The next most important thing that needs guidance and help is the finalization of the passport, and applying for the Visa.
    a. Help is provided to prepare the documents.
    b. Fill in the application form.
    c. Partake in the counselling session and prepare for the interview.

These are a few ways in which education consultants help with overseas education.

Study Abroad Consultants in Noida

Now, let us take a look at the top 10 overseas education consultants in Noida.

  1. CIES Overseas Education: With a review rating of 4.6, IES is an overseas education consultant who helps with general counselling in regard to the overseas admission process. They also help with essay writing. To book your free consultation, register at their official website.
  2. Eklavya Overseas: With a 4.7 Google review rating, Eklavya Overseas pays special attention to helping students with their dreams of pursuing an MBA or MBBS overseas. They provide counselling to study at destinations such as Germany, Russia, Poland, Canada, Switzerland, the UK, and Ireland.
  3. GeeBee Education: Holding a Google review rating of 4.7, this education consultancy covers all the important aspects that need to be taken care of while applying to universities in foreign countries. You can benefit from their services by booking their free counselling session.
  4. IDP Education: A Google review of 4.8, this consultancy holds prominence in aiding students with selecting their course and choosing the best option from a list of top ranking universities that are specifically suitable for you. They additionally also provide guidance on matters of scholarships and education loans.
  5. Innvictis Edutech: With a 4.8 Google review rating, this consultancy pays specific attention to studying MBBS overseas. It helps you choose from the list of countries and universities that provide comprehensive education at lower costs. In addition, their services also include preparing for the exams, building the profile, and assisting with travel and accommodation.
  6. Meridian Overseas: With a 4.9 Google review rating, this education consultancy focuses on course selection and preparation for tests like the IELTS, TOEFL, and GMAT. The top destinations covered by this consultancy include the UK, the USA, New Zealand, Australia, and Dubai.
  7. Radical Education PVT LTD: With a 4.9-star Google review rating, this education consultancy holds specialization in career and admission counselling for students wanting to pursue an M.B.B.S. degree overseas. They provide help with applying to universities in Russia, Georgia, Singapore, Uzbekistan, Kazakhstan and others.
  8. Study Overseas Help: With a Google review rating of 4.6, Study Overseas Help is your one-stop guide to everything related to taking admissions to overseas universities. Currently, their major focus is on helping students wanting to pursue an MBA degree in destinations like Dubai, Ireland, the UK, Canada, and the USA.
  9. Up Grad Abroad Noida: With a 4.5-star Google rating, this education consultancy covers admission counselling to countries like the USA, France, UAE, Germany, Canada and others. They also help with preparation for examinations like GMAT, IELTS, and TOEFL. They also guide the preparation of LOR’s SOP’s and Visa applications.
  10. YES Germany Noida: Having a 4.8 review rating, this education consultancy with a specialization in helping students study in Germany offers guidance over multiple matters. They provide services to guide you with taking admission in Germany for courses at the Bachelor’s, Masters and Doctorate level.
Categories
imat International Entrance Exams

All you Need to Know About Exams to Study Abroad?

Exams to Study Abroad

According to the Economic Times article dated May 2024, students from India plan to study abroad for a multitude of reasons ranging from global exposure, and availability of scholarships, to access to advanced technology and innovation.

A stated fact derived from the Ministry of External Affairs is that a total of 1.5 million Indian students have applied to study abroad as of 2024. This makes it a hot and important topic to know and understand more about.

Why Study Abroad?

There is a long list of reasons why one might prefer to study abroad and a similar lengthy list of all the reasons why you should study abroad. Here are the ones that make it to the top of the list:

  1. Personal Interest: There are many individuals who love exploring different destinations, and are interested in the culture and stories that each place holds. Thus, many countries are a major attraction to people with aligned interests.
  2. Family Settlement: For some people, studying abroad is a way to stay close to family members stationed abroad. Consequently, studying abroad and bagging a job also allows the individual to settle overseas and start a family there.
  3. Global Exposure: Studying overseas provides exposure to students with a vibrant cultural life, networking with global leaders, and establishing one’s standing in the global job market.
  4. Financial Aid: There are certain countries that provide full coverage of tuition and living expenses for students from other countries willing to study in their country. Financial aid in terms of scholarships, sponsorships, and exemptions is yet another reason why students make the choice to study abroad.
  5. Access to Specialized Technology and Resources: Each country is famous for its top-ranking fields. There are differences in the technology, in the type of resources available, and the type of education provides. Hence, choosing a country that specializes in line with your requirements is beneficial.
  6. Research Scope: There are countries where certain areas have a better scope for research than the home country. This is another reason why students aiming for a research-based career seek to study abroad.
  7. Opportunities in the Job Market: Students aiming to settle in countries overseas or looking for jobs that are more advanced or thriving choose to study in the country that they want to work in. This makes it easy to settle in the job and in life.

What is the Eligibility to Study Abroad?

The eligibility varies at each level of education. Most popularly, students move overseas to pursue their Masters and Doctoral studies. Although many students also pursue their Bachelor’s degree, the frequency and number is quite limited. Moving forth, we will be discussing the general eligibility criteria required to study overseas. Do remember that each country has a different criteria list for eligibility to get educated in their country.

  1. Academic Transcripts: This includes your grade cards and minimum cutoff marks as stated by the university. At the undergraduate level of education, you need to clear exams of Grade 12, while for Masters the basic requirement is the completion of an undergraduate degree with the specified marks. Another requirement is that the students need to have a subject-specific background to apply and study the desired course.
  2. Entrance Exams: Based on the course you opt to study, and based on the university, the entrance exams differ. Subject-specific entrance tests, language-specific proficiency tests, and Aptitude tests are among the few.
  3. Age: Usually, the age to study abroad lies within the range of 17-35. Although students can pursue their courses beyond that age, there are some restrictions on scholarships and education loans.
  4. Medicals: Before flying overseas to study your desired course, you need to undergo a medical fitness examination. This includes checking for any major health issues, possibilities of infectious diseases and such others.
  5. Finances: During the passport and Visa application and verification, each overseas country has a requirement of minimum bank balance in the account of the student. This is to ensure that all the student is able to take care of their basic necessities in the foreign country.

Exams Required to Study Abroad

The list of exams required for studying abroad is mentioned in the following passages.

But, the first step essential to know the type of exam you need to prepare for, is consulting with the university and learning about the exam results they require. Now, with each different country, a set of different entrances take place. So you need to know the general aptitude tests, and Language tests put forth by the university. To study in countries of Europe, you can avail a scholarship by sometimes gaining mastery over their national language. Don’t forget to check for this factor too!

That apart, we can classify the other exams at two levels; one is the undergraduate level examinations, and the other is the graduate level examinations. They can further be divided into Language proficiency tests and subject proficiency tests.

  1. IELTS

The International English Language Testing System is a language proficiency test which is a sure-shot pre-requisite to study overseas. It is required at both the undergraduate level and the graduate level and is required in countries where the primary language of communication is English. It covers the Listening, Reading, Writing, and Speaking areas of the English language.

Available in the General Training version and the Academic version, each component of this test is divided into sections and has a total of 40 questions in the Listening and Reading section, 2 questions in the Writing section, and a variable number of questions in the Speaking section. The format of questions ranges from Multiple choice questions, sentence completion tests, match the following, and short and long answer types of questions. To take the IELTS, a fee of around about 15000 to 16000 INR is required to be paid to the official IELTS organization.

  1. TOEFL

The Test of English as a Foreign Language is yet another test that measures the English Proficiency of students. Widely available in the online and offline format, this takes an average of 3 hours to complete and comprises of the same categories as IELTS, namely Reading, Listening, Writing, and Speaking.

Scores on TOEFL are usually valid for up to two years and are majorly required for University admissions, certification, and Visa application. The test focuses more on the academic and integrated skill concept as compared to IELTS which has a focus on communication and real-life context questions. They also differ in the total time, contents and sections, and the scoring system. The fee to be paid to be eligible to give the test ranges between 15000 to 17000 INR. Apply well before time so that you do not end up paying the late fees.

  1. SAT & ACT

Both of these Entrance examinations are widely used in the United States as a standardised measure to qualify students to pursue their studies in the USA.

The Scholastic Aptitude Test consists of questions on English Language, Math, and writing of an essay based on a paragraph. The essay is optional. With the essay, the total duration of the test is around 4 hours. The test is offered multiple times a year in months of August, October, November, December, March, May and June. The fee for the SAT ranges from 7000 to 8000 INR

The American College Testing is a test used to measure a high school student’s proficiency in English, Math, Reading, Science, and Writing. Similar to the SAT, but with added subsections, the duration of the test ranges from 3 to 4 hours. The fee for the AT ranges between 14000 to 16000 INR.

  1. GRE & GMAT

The Graduate Record Examination is a standardized test required to take admissions in graduate schools across the USA, Canada, and some other countries. Often prevalent in the fields of Business and Law, this examination measures verbal reasoning, analytical skills, quantitative reasoning and related other skills of the individual. It is divided into two parts; the first is a general test while the second is specific to the subject that the individual wants to pursue further. The fee required to be eligible for the GRE is between the range of 18000 to 20000 INR.

The Graduate Management Admission Test is a specialized and standardized entrance test required for students wanting to pursue a degree in the management sector, typically an MBA degree. It measures the student’s reasoning skills at verbal, quantitative, and analytical levels. The scores are broken down into categories of Analytical writing skills, Integrated reasoning skills, and Verbal and Quantitative reasoning. With a test duration of around three and a half hours, the fee for the test is between 22000 to 24000 INR

  1. MCAT & LSAT

Both covering their own specialties, the MCAT and LSAT are entrance exams for Medicine and Law respectively. Popularly used in the United States and Canada, they are also used by other countries offering these courses.

The Medical College Admission Test is the entrance required to study medicine overseas. It has four main components that involve Biological foundations, Chemical and Physical foundations, Social and Psychological foundations, and Critical analysis and Reasoning skills. The scores are a combination of the four sections and are converted to percentiles more often. The fee payment to give the MCAT is between the range of 32000 to 36000 INR.

LSAT, short for Law School Admission Test is the entrance required to study law overseas. The components of the test consist of Logical Reasoning, Analytical Reasoning, Reading comprehension, Experimental section, and writing section. The LSAT is conducted usually in the months of January, February, April, June, August, September, and November. The fee payment of the LSAT is between the range of 19000 to 22000 INR.

How to Prepare for These Exams?

By far, the most important question arises now. And that is knowing how to prepare and qualify for these tests. Here are a number of things you can pay heed to, to qualify for these examinations.

Step 1: Check the requirements and the eligibility criteria of the university to know which entrances are required.

Step 2: Browse and find relevant information regarding these tests. Make yourself familiar with it.

Step 3: Visit an education consultant to help you understand better about the examinations. You can either make a decision between preparing for these exams independently or joining coaching for the same.

Step 4: Make yourself familiar with the portion and the pattern of the test. This can be done by referring to previous years’ question papers.

Step 5: Prepare, Study, read materials, solve questions.

Step 6: Give mock exams.

Step 7: Re-work on areas that need improvement.

Step 8: Prepare yourself to be mentally calm during the examinations.

Step 9; Revise.

Step 10: All ready for the examination!

Hope you have a good time learning and qualifying!

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Overseas Education Study Abroad

How to Study Abroad after 12th from India?

study abroad after 12th

Choosing an educational path after completing 12th grade is one of the most significant decisions a student will ever make. At this critical crossroad, students are presented with numerous options. Despite the potential chaos, it is essential to adhere to one’s interests and determine if a particular path is worth pursuing. Many view this as an opportunity to gain skills in a field that excites them and to pave the way for a future career in that area. If you are among those who desire to pursue something extraordinary in a field that excites you and have a strong will to choose the road less travelled, this is your cue!

This blog will primarily focus on providing insights into the reasons you should consider moving to a new country after 12th grade, the potential perks of such a decision, and the possible paths you can take if you are determined to make a mark.

Reasons for Choosing to Go Abroad for your Higher Education:

While the pros and cons can be paradoxical in this context, there are some telltale signs to consider if you are passionate about pursuing your dream. Make sure to weigh the advantages and the difficulties one might face before making a final decision. Here are some generic reasons to choose overseas education:

● Better Scope – Although our country is making significant advancements in various fields and is expected to improve even more in the coming days, not every field you are interested in receives the recognition you seek. Studying in a country that specializes in a certain area of interest might provide a better scope.

● Global Exposure – Networking has never been easy. It’s a skill developed when you decide to understand people and cultures. If networking and global experience is one of your goals, moving to study abroad, especially at a young age, provides ample opportunities to do so, giving you an edge over others who begin to socialize and explore opportunities much later.

● Scholarships and Financial Aid – Various scholarships, grants and financial aid for international students are provided by many top universities, for students of merit worldwide. There is also a lot of potential for part-time work to support living expenses.

● Research Opportunities – Students can engage in innovative research projects, as they have access to advanced labs and resources. There is also an additional feature that allows you to choose interdisciplinary studies in several countries.

● Self-Reliance – Staying away from a place that is associated with your entire upbringing can be a difficult choice but never not worth it. It teaches you the art of self-reliance and makes you independent enough to face life’s challenges. It also helps you in improving your problem-solving and adaptability skills.

● Be a Part of a New Culture – Moving abroad will let you experience the joy of diversity and be a part of a novel, dissimilar culture that has the capability to both surprise and challenge you. Needless to say, it’s an added bonus if you choose to move to a country with a culture you are curious about or something that you’ve always wanted to be a part of.

How to Go Abroad after 12th?

Well, now that you have reached a final conclusion and prepared yourself mentally to embark on a life-altering journey, the question “What next?” is likely to be on your mind. Don’t worry; we’ve got that covered for you.

Factors to be Considered before Choosing a University:

● University Accreditation – Before choosing a university, be sure to check out its ranking and the accreditations acquired by both – the university as well as your desired department.

● Safety – Meticulous consideration of safety measures taken by the university becomes a key factor when moving to a new country, away from your home. Make sure to even check details about lifestyle, climate, and other factors that might seem unimportant at the moment before proceeding with your application plans.

● Student Support System – Support for international students, including orientation programs, counselling, and career services must be provided. Also, look for the availability of language support and tutoring services so that it becomes a lot easier to socialize with like-minded groups of people around you.

● Visa and Immigration Policies – Check for ease of obtaining a student visa and related regulations and the policies regarding work permits during and after studies.

● Alumni Network – Do your fair share of research regarding the strength and reach of the alumni network. You can also contact some alumni that you can reach out to, on work-related social media platforms like LinkedIn and discuss their personal experiences on the campus. Learn about the success stories and career paths of graduates.

What are the Requirements for your First-Ever Application?

● Academic Qualifications – This includes proof of completion of 12th grade or equivalent. Certain universities may also demand a particular threshold score that a candidate must satisfy, so always look out for that.

● Entrance Tests – Unlike the tests conducted for graduates, at the entry-level, tests for applicants are rather standardized. They might have to opt for English language proficiency tests such as TOEFL or IELTS, whereas in countries like the USA, one might have to take the SAT or ACT for certain undergraduate programs.

● Passport and Visa – A valid passport with sufficient validity and a student visa for the country where you will be studying. Obtaining a visa typically involves an application process, including an interview at the consulate or embassy.

● Additional Documents – Required additional documents may include proof of sufficient funds to cover tuition fees and living expenses like bank statements, sponsorship letters, scholarship award letters or even an affidavit of financial support from a parent/guardian who is funding your education.

● Few universities may also demand medical examination reports, vaccination records and health insurance coverage as mandated by the university or the host country. Also, be prepared for some interviews by the universities, especially if you are opting for courses of fields like art, design and architecture (They may also demand a portfolio showcasing your previous works),

As mentioned at the beginning of the blog, choosing to move abroad right after your 12th grade is a crucial decision that demands a lot of willpower and unwavering dedication. It also requires courage and mental preparation to stay focused and not give up on what excites you. Therefore, thorough discussion and several rounds of research are essential before making the final decision.

We recommend getting in touch with Study abroad consultants to help you sail smoothly through the entire process of studying abroad right from selection of the course, to preparing for the exams and applying for the visa.

Good luck with whatever you choose to do.

We can’t wait to see you shine!

Categories
Scholarships for Indian Students

Top Scholarships for Indian Students to Study Abroad

Scholarships for Indian students

In India, education at the graduation and Post-graduation level is highly valued. A post-graduation degree from a top university offshores is considered a great prestige. According to the Ministry of Foreign Affairs, a total of 1.5 million and above students are studying abroad as of this year.

Foreign universities are chosen for a multitude of reasons spanning from expertise in the subject, exposure, and better opportunities for experience, but it is not always easy to sail through considering the procedures, and processes that need to be taken care of; the costs, passport and visa, language proficiency tests, and the admission sequence.

In this blog, we will outline the various forms of financial aid available in scholarships for Indian students looking to Study abroad.

What are Scholarships?

Scholarships are financial aid provided to students, or exemptions on tuition and education fees. According to the web search, a scholarship is a grant or payment made to support a student’s education, that is awarded based on academic or other achievement. Scholarships can be categorized into different kinds based on the coverage of the cost, and the reason for the provision.

Popularly, scholarships can be provided in one of the following two ways:

  1. Monthly or yearly stipend given to cover academic, tuition, material, and accommodation costs.
  2. Tuition exemption is based on the semester or yearly pattern.

Types of Scholarships:

  1. Tuition scholarship encompasses the total cost concession on academic fees, and or the provision of stipends to cover academic costs and expenditures on academic materials.
  2. Part-time scholarships are particularly for students pursuing a part-time degree like Executive MBA.
  3. Complete scholarships often known as full-ride scholarships cover room and boarding, food, study material and tuition costs.

Based on the basis of the provision of scholarships, the scholarships are:

  1. Merit-Based Scholarship: These are provided to the student based on academic performance, excellence in specific standardized tests, or based on special academic talents.
  2. Sports Scholarship: Also known as athletic scholarship, this is a provision for students excelling in athletic activities, and sports tournaments. They are provided to enable the students to pursue their education while continuing their athletic endeavors.
  3. Special Achievement Scholarship: This is awarded to students who accomplish distinction in specific subjects ranging from Mathematics, Music, Art, Physics, and so on. These are broadly classified into STEM scholarships, Creative scholarships, and Subject-specific scholarships. Career-specific scholarships in the fields of business applied science, technology, and medicine are also provided to students undertaking the specific course.
  4. Scholarships for the Specially-Abled: These are provided for students who are differently abled or to those who hold a disability card, but meet the minimum requisite to be able to pursue education. Need-based scholarships for individuals facing financial difficulties are also provided.
  5. Scholarship for Specific Quotas: These scholarships are provided to individuals based on quotas reserved for students of a certain nationality, religion, minority, or military background, and girl-child scholarships are provided for women students. Scholarships for National and International students also vary based on the coverage of costs, and the citizenship of the student.

It is essential to be aware of the multiple types and categories of scholarships so that you can have a clear idea about the ones you can apply for and qualify for. Moving ahead, let us take a look at the top countries for Indian students to study abroad, the top universities and the scholarships provided.

Indian Scholarships for Indian Students to Study Abroad

There are certain Government and Private study abroad scholarships provided to Indian students pursuing their education overseas.

● Indian Government through the Ministry of Education facilitates the process of scholarship provision under foreign cultural exchange programs. Usually, these scholarships are awarded to Indian students pursuing their higher education at Master’s, PhD, or Post-Doctoral studies.

● The private scholarships include those provided by groups like Tata, and Mahindra, university-specific scholarships as a part of the partnership or MOU’s. Sponsorship is also present wherein institutions cover the cost of study and tuition in return for joining as an employee.

● To understand which scholarships you can qualify for, the first step is the selection of the course, the country, and the university. Depending on that, and a discussion with your study abroad consultant, you can apply for a scholarship by visiting the official websites.

Top Destinations and Scholarships to Study Abroad

  1. Australia: The best top-ranking universities include the University of Melbourne, the University of New South Wales, and the University of Queensland.

A. Australia awards scholarships provided by the government of Australia applicable to students from the Indo-Pacific region aiming to pursue their master’s or Doctorate studies in Australia.
B. Other Australian scholarships include Monash University International Scholarships, University of Melbourne graduate research scholarships, and Adelaide Scholarship International.

  1. Dubai: The most popular universities in Dubai are the University of Wollongong in Dubai, the British University of Dubai, and the University of Dubai.

A. Dubai Scholarship Program provides Indian students with a scholarship that covers tuition fees and in some cases living expenses. These are provided based on Merit, and Need.
B. Scholarships by Dubai universities are provided to students with academic excellence, or based on financial support required. Notable amongst them are scholarships provided by the University of Dubai, American University in Dubai, and Heriot-Watt University Dubai.
C. The cultural exchange programs also provide funding opportunities to Indian students studying in Dubai.

  1. Germany: With more than 50 universities ranking in the top 1000 universities across the world, Germany’s best universities include Technische Universität München, Ruprecht Karls Universität Heidelberg, and Universität Hamburg.

A. The DAAD Scholarship is an all-encompassing funding for International students at the Undergraduate, Graduate, and Postgraduate levels.
B. The Konrad Adenauer Stiftung Scholarship also provides the same benefits for International students.
C. Other scholarships include the Erasmus Program, the Heinrich Böll Foundation Scholarship, and the Friedrich Ebert Foundation Scholarship amongst many other.
D. By far, Germany is one of the top countries for Indian students to study abroad as it covers the overall tuition, living expenses, and sometimes even funded internships.

  1. Ireland: Ireland’s policy for foreign students makes it an attractive destination to study abroad. The top universities are the Royal College of Surgeons of Ireland and Maynooth University.

A. Government of Ireland Postgraduate, and Internal graduate scholarships cover the total tuition fees and provides a stipend for living expenses.
B. Irish aid scholarships cover travel costs in addition to tuition fee reduction and living expenses
C. University College Dublin, University College Cork, and Trinity College Dublin also provide scholarships for Indian students on the basis of merit and need.

  1. The UK: The UK proudly hosts 8 colleges in the top 100 universities across the globe. The University of Oxford, the University of Cambridge, Imperial College London, and University of Edinburgh are on top of the list.

A. The Chevening Scholarship provided by the government of UK covers tuition, air fare, and living cost for up to a year, and are specifically given to students pursuing a Masters degree
B. Commonwealth Scholarships are also provision able to Indian students and are awarded on the basis of merit. They too, cover tuition, living, and travel expenses.
C. University of Oxford Scholarship, University of Cambridge Scholarship, Imperial College London Scholarship are some of the other scholarships provided in the UK for Indian students

  1. The USA: By far, the record for the highest number of top-ranking universities is held by the USA. With 9 colleges in the top 10 universities across the globe list, Harvard University, Stanford University, and Massachusetts Institute of Technology make it into the top 3.

A. American Association of University Women scholarship covers the tuition and other expenses of graduate and postgraduate women students from other countries including India.
B. The Fullbright Nehru Scholarship covers all costs right from tuition, expenses, travel, and other finances under the United States-India Educational Foundation.
C. Other University Scholarships in America include Tata Scholarship for Cornell University, Harvard University Scholarship, Stanford University Scholarship and multiple other.

These countries apart, New Zealand, France, Singapore, Canada, and the Netherlands are great options to consider to study abroad.

To read more about scholarships, living costs, and admissions to foreign universities visit our blogpage at Study Overseas Help.

Categories
Overseas Education Study Abroad

Visa Application Made Easy by Education Consultants in Noida

Education Consultants

A visa is an endorsement attached to a passport (an official document proving an individual’s identity and citizenship, thereby allowing his travel to, and from, foreign countries) indicating that the applicant is granted authorisation to enter, leave, or stay in a country for a specified amount of time, and is allowed to do activities as defined by the type of Visa.

Visa is categorised based on the purpose it serves. Out of the 25 categories, the most commonly applied types are Tourist Visas, Medical Visas, Student Visas, Business visas, Employment visas, Intern visas, Film visas, and Research visas.

The official Indian website to apply for a Visa online lists three simple steps. The first step is to fill out and submit the Visa form online. The second step is to apply along with the required documents at the Indian Visa Application Center. The third step is to receive the Visa from the center. While easy it may sound, the entire application right through to the end, is a tedious process.

Hence, education consultants providing guidance for Visa applications prove beneficial as it makes the process hassle-free. Apart from this, there are also occasions when one finds it difficult to navigate through the categories and the many official document submission businesses. At a juncture like this one, seeking guidance from Education consultants proves to be beneficial.

Overseas Education Consultants provide services that help with applying for a Visa online, filling out the application forms, submitting documents, and finally collecting the Visa. Overseas Education consultants help students choose a suitable country to study abroad, counsel them on the up-and-coming courses and universities, help plan the accommodation, finances, travel, submitting documents, applying for a Passport and Visa, and guiding on the necessary things to be done to apply to universities overseas.

Overseas Education Consultants in Noida

Noida, a planned city to the south-east of New Delhi has multiple students planning to study abroad. This brings in business to a wide range of study abroad consultants. Located mainly in Sector 18, Sector 2, and Sector 63, more than 15+ consultancies are prominently reputed. Each of them has their key features. Some of the well-known centres according to Google search include:

  1. Overseas Education Lane: Located in Sector 2, Noida, this agency has distinct 14 steps to help students from the selection of the course to study abroad, right to completing the process and beginning the course.
  2. Innvictis Edutech: Located in Sector 32, Noida, this consultancy guides career counselling, and provides help with the process of applying for MBBS overseas.
  3. Yes Germany Noida: Located in Sector 15, this agency helps students with applying for Bachelor, Master, and Vocational training specifically in Germany
  4. Edumorphs: Located in Sector 94, this consultancy focuses on the holistic needs of the student by providing pre-application, during-application, and post-application processes.
  5. CIES Overseas Education: Located in Sector 18, this consultancy focuses primarily on preparation for IELTS, writing of SOP along with guidance on overseas education.

Study Overseas Help

Study Overseas Help is a study abroad consultancy that provides comprehensive services related to finding, applying, and enrolling to universities in foreign countries like the UK, Dubai, Canada, Italy, Ireland, and more.

How do they help with Visa applications?

As mentioned at the beginning of the blog, there are different types and categories of Visas and different requirements for each. Moreover, the Visa application for each country has a different requirement list. Overseas education consultants in Noida help navigate this process and make the task relatively hassle-free.

The visa application process can be classified under three categories; the first is the pre-visa application requirements, the second is the application for the Visa with the required documents, and the final step is paying the Visa fee, and getting the Visa issued. Find below the step-by-step process of how Study Overseas Help aids with the Visa application process.

Step 1: Finalizing a Course

Overseas education consultants in Noida have this important line-up of activities to be done before applying for the Visa. It all begins with guiding you to find the best course for you to study based upon your interests and aptitude. This is smoothly transitioned into finding the best programs you can study, and the best universities you can apply for your admissions

Step 2: Finalizing a Country

Each country has their regulations and requirements to grant a Visa. Although the overall process is the same, there are minor differences. So, once the country to study in is finalized, you apply for admission and wait till you get the acceptance letter because this is essential to apply for a Visa. Most overseas countries provide the services of helping their students get a visa, but it is always wise to get help from consultants as they know the process precisely.

Step 3: Prerequisite Documents

Before applying for a Visa, here are the documents you might need. Again, as mentioned in the previous point, there will be differences in the documents required in each country, but here are some necessary ones:

  • A valid original Passport
  • A passport-style photo that follows the guidelines mentioned
  • A letter of Acceptance/Admission from the University
  • Proof of enough finances to cover the tuition, accommodation and medical expenses
  • Salary transcripts of the student’s Sponsor from the home country
  • Proof of accommodation in the applied country
  • Academic Transcripts
  • Proof of Medical Fitness
  • English Language Proficiency Test or Language Proficiency based on the country’s National Language.

Step 4: Apply for the online form

In this step, the official website is visited and the online application form is filled with due details. Documents are attached as directed. An important factor that the consultants take care of is the timing of the application. If a Visa is applied early, you might end up reducing the time duration in the country of study. If it is applied too late, you might miss the scholarships, grants, and miss classes. Hence, the timing is crucial and is helped out by the consultants.

Step 5: Pay the fees

In this step, once the application form is filled, you pay the Visa fees. If you are eligible for a scholarship that covers your Visa fees, attach the respective documents. Keep in mind that each country has different Visa fees, and grants accordingly

Step 6: Book an appointment

Here, you book an appointment with the office in charge of the applied country and take along the application form and other mentioned documents. For some Visa processes, you can pay the fees after the appointment.

This finalises your Visa application. All the tiny details like the type of photograph, the number of documents, and the scholarships applicable are all taken care of by the education consultancies. Once the Visa application is verified, you receive your Visa

Happy travelling and Happy learning!

Categories
Scholarships for Indian Students Study in Dubai Study in Dubai Scholarships

Scholarships in Dubai for Indian Students – How to Apply and Qualify

study in Dubai scholarships

In a recent interview from May of 2024, a senior official of Heriot-Watt University, Dubai, explained how the buoyant job market, the booming business sector, high rates of employability in Multi-National Companies and relatively easy Visa rules and application process makes Dubai one of the prime choice for Indian students to study abroad.

Dubai, is home to around 50 plus universities, out of which multiple are accredited by the Ministry of Education, UAE. Out of the many aspects of these universities, in this blog, we will be addressing the financial factors. The fee structure for every course is different based on the structure and design of the course, as well as the University that hosts it. We will primarily be discussing the scholarships and Financial aid provided by the top universities in Dubai.

Value of UAED and INR

Let us first know the value an Indian rupee holds in the market of the UAE. A Hundred Indian Rupees equals 4.41 UAE Dirhams; conversely, a Hundred UAE Dirhams equals 2270 Indian Rupees. Based on the exchange rates, the value changes, but is still approximately around the above-mentioned value.

Because the value of the UAE Dirham is higher than that of the Indian Rupee, tuition fees, accommodation fees, and other miscellaneous finances might be a little taxing economically. Hence, applying and qualifying for scholarships in Dubai can prove to be a very beneficial and helpful financial aid.

Scholarships

According to the classic definition, a Scholarship is a financial award given to a student to help support their education. Scholarships can be based on academic merit, special academic achievements, athletic achievements (the field of sports activities), the background of the student, special quotas like the military or the minority, and based on financial needs of the student.

In the following paragraphs, the scholarships provided by the Top universities in Dubai, and applicable to Indian students will be explained.

Zayed University

Ranked at the 4th place in UAE, Zayed University has an Undergrad tuition fee of 2500 AED per credit hour. Here are details regarding the fee structure and scholarships.

  • The fee is not exempted for Indian students.
  • In case the complete payment cannot be processed in one go, they can be divided into instalments payable in the Fall, Spring, and Summer terms of the undergraduate level.
  • At the graduate level, scholarships are provided for international students who fit in the given criteria.
    • The applicant must submit the complete application before the due date and must receive an offer for full admission to Zayed University.
    • The scholarship level and value are determined by the student’s academic CGPA. For instance, a student scoring a 3.70 CGPA, will be provided with 25% of the tuition fee as the scholarship.
    • The scholarship is withdrawn if the student fails to maintain their CGPA above 3, and if the student is dismissed from the course for any reason.
  • The Zayed University alumni scholarship is applicable to students passing out of Zayed University and holding a Zayed University Bachelor’s or Masters degree.
  • ZU also provides a financial compensation award for students selected under the Graduate Teaching Assistantship, Graduate Research Assistantship, and Graduate Administrative Assistantship.
  • They also provide tuition discounts for students who are sponsored by another entity that is in partnership with ZU and follows the protocol decided upon.

University of Wollongong in Dubai

UOWD has provisions to provide scholarships to qualifying students based on Merit, and athletic excellence. These scholarships cover an aggregate sum of the tuition fees but do not cover the living expenses or the additional study-related costs.

Scholarships provided for bachelor’s degree with integrated freshman-year students are:

  • The scholarship is limited to the students who fit in the required criteria and is based on early applications for the same. The following scholarship
  • The value of scholarships for Indian students is as follows:
    • Students securing 95% and above in the State boards or CBSE, receive a 50% scholarship on tuition fees, meanwhile, a student pursuing a 3-year bachelor’s degree gets 25% off.
    • Students securing between 85 to 95% in the State Board or CBSE examinations, receive a 25% scholarship on tuition fees, meanwhile, a student pursuing a 3-year bachelor’s degree gets 15% off.
    • Students securing between 80% to 85% in the State Board or CBSE examinations, receive a 15% scholarship on tuition fees, meanwhile, a student pursuing a 3-year bachelor’s degree gets 10% off.
    • To continue the scholarship, one must maintain a certain level of scores, and enroll in a specified number of courses as declared by the University.
  • Masters’ students are provided with a 15% and 25% scholarship based on the following requirements:
    • Acceptance from the University for a full-time course in ZU.
    • A minimum of 9/10 GPA in the bachelor course for a 25% scholarship.
    • A minimum of 8.5 /10 GPA in the bachelor course for a 15% scholarship.
  • The Adam Gilchrist sports scholarship is awarded to two students who are professionally representing a team or playing at the state and national level and have had a 65% and above score in their board exams. This is applicable to both the undergraduate and graduate levels.
  • For continuing students, a 15% to 25% scholarship is provided with a requirement of a minimum cumulative Weighted Average Mark (WAM) of 75 in their studies, and the completion of a minimum of 36 credit points.
  • The number of Sports scholarships for continuing students is unlimited in number

The British University in Dubai

Following the University of Wollongong in the list of University rankings, BUiD provides Scholarships for Undergraduate and Graduate level programs.

  • The scholarships at the undergraduate level are segregated depending on the departments like Law, Computer Science, Business, and Electromechanical Engineering degrees.
  • For Indian students, merit-based scholarship is provisioned:
    • 50% scholarship for high school grades > 98%; required to maintain a GPA around 3.9
    • 35% scholarship for high school grades > 90%; required to maintain a GPA around 3.5
    • 30% scholarship for high school grades > 80%; required to maintain a GPA around 3.2
    • Other scholarships involve a Sibling discount (if one of your siblings is also studying at BUiD, scholarships for people of determination, and for children of BUiD alumni.
  • Scholarships for the Master’s programs include:
    • Discount if there is a first-degree relative studying in the University at the same time.
    • Group discount for a minimum of 5 employees from the same company joining at the same time.
    • Getting a score of Distinction in your bachelor’s degree.

Amity University Dubai Campus

The scholarships provided by Amity University in Dubai are granted annually after the re-evaluation of merit scores. Indian students can qualify for the International student scholarship.

Manipal Institute of Higher Education Dubai

The MAHE Dubai provides scholarships to Indian students in the following categories:

  • Merit-based scholarships for students meeting the required criteria in terms of their academic performance. 30% of the tuition fee wavered during the first year of study.
  • Sports Scholarship for individuals exhibiting athletic excellence. 50% of tuition fee is waivered during the first year of study.
  • Girl Child Scholarship provides a 100% waiver on tuition fees. This scholarship is provided in partnership with the Embassy of India in UAE.
  • Alumni Scholarships with a 25% waiver for students of MAHE Dubai pursuing higher studies in the same University.

All of the above-mentioned scholarships are subject to terms and conditions set by the Universities. Read carefully before applying. It is suggested that you opt for tele-consultation, or discuss with the administration staff regarding the scholarship that benefits you the best.

Make sure to visit the websites of these colleges to know more about the last date of application, and apply in due time

Happy learning!

Categories
Study in Dubai Universities in Dubai

A Step-by-Step Guide for Indian Students applying to universities in Dubai

Education in Dubai

Education in Dubai is popular amongst Indian students. In this blog, we will outline the basic steps of applying to the top universities in Dubai. We will also take a look at the reasons making Dubai an optimal choice to pursue education, while also listing the best universities in Dubai.

Top Reasons why Students Prefer Studying in Dubai

A. There is a wide range of Universities and business sectors, and there is constant competition. This creates an intensive atmosphere to develop the skillset and mindset of the students, thus benefitting them in some way.
B. The innovative and futuristic nature of technology, adds cutting-edge exposure to the student’s overall experience.
C. The proximity to India makes it convenient to travel and lowers travel costs considerably.
D. The multicultural environment in Dubai creates a safe space for students of all nationalities. And there is always somebody you know from India working in Dubai! This makes students feel at home.
E. Numerous Indian Universities have an offshore campus in Dubai. This provides students with UGC-approved education combined with practical training from the job markets in Dubai.

Top-Rated Indian Universities Located in Dubai

A. Amity University in Dubai
B. Manipal Institute of Higher Education
C. BITS Pilani Dubai Campus
D. SPvJain School of Global Management

Top-Ranked 5 Accredited Universities in Dubai

A. Zayed University
B. University of Wollongong in Dubai
C. British University in Dubai
D. Canadian University in Dubai
E. University of Dubai

Top Five Popular Courses in Dubai

A. Business Administration
B. Architecture and Urban Planning
C. Arts and Design
D. Hospitality and Tourism
E. Sustainable and Innovative Technology

The step-by-step guide for applying to Universities in Dubai for Indian students is as follows:

Step 1: Selection of an Area of Interest:

  • Based on personal preference.
  • Based on market trends.
  • Based on the courses available.
  • Based on the scope of the job.

Step 2: Shortlisting Courses.

  • Compiling a list of suitable universities.
  • Selection of a university:
    • Based on the world ranking.
    • Based on their course structure.
    • Based on the placements and internships provided.
    • Based on the faculty.
    • Based on the mode of education. ( language, and attendance)

Step 3: Checking Course Requirements:

  • Minimum Education
  • Marks
  • Entrance Exams
  • Intake Semester
  • Visas
  • Passports

Step 4: Applying to the University

  • Prepare the materials
    • CV
    • Portfolio
    • Recommendation letters
    • Marks Sheet
    • Identity certificate
    • Passport size photographs
  • Fill the application form with due importance given to completing the task before the deadline.
  • Pay the application fee.
  • Preparing for the entrance/interviews.
  • Wait for confirmation.

Step 5: Counselling

  • In-person
  • Tele counselling:
    • Accommodation
    • Facilities
    • Payments
    • Scholarships
    • Other requirements

Step 6: Applying for a Visa and Passport

  • Application process
  • Necessary documents
  • Insurances

The Detailed Guidebook for Indian Students Applying to Universities in Dubai

Step 1:

The pre-requisite to college application is knowing what one would like to plan for their career and future. The first step is to narrow down an area of interest. A few pointers that will help you with the Selection of an area of interest are:

  • Your personal preference that aligns with your aspirations, dreams, values, and goals.
  • Based on the current trends in the job market, the needs of the hour, and the range of the job.
  • Based on your personal preference and market needs, browse through the courses available in the chosen field.

Step 2:

The next step is to Shortlist the courses, and the colleges providing the desired programs. To be able to do this, start with:

  • Compiling a list of suitable universities. This can be chosen based on the city you want to study, the provision of facilities, reputation and ranking, and the academic quality of the university.
  • In our case, we are going ahead with Dubai, one of the most promising cities in the world for education, and a home to 50 plus highly ranked global universities.
  • Another important factor to consider is the course structure. Please make sure to understand the curriculum thoroughly to get an idea of what you will be learning. The faculty also plays a vital role.
  • Although most colleges in Dubai use English as the mode of education and communication, double-check before shortlisting.
  • The final and essential factor while shortlisting universities is to check the internships provided by them the nature and type of placements available, and whether it is feasible to continue with your Visa.

Step 3:

Once the courses are shortlisted, proceed to check the requirements needed to study the course. Factors you need to consider are:

  • The minimum level of education required to study the course is as follows: Certain courses also require you to have studied a specific subject in your previous academic year. For instance, courses like an MBA require you to have studied statistics for your bachelor’s or equivalent degree.
  • The percentage of marks scored in the previous examinations also counts as an important aspect in the selection criteria.
  • Scores on entrance tests formulated by the university, or scores on International Language Testing like IELTS and TOEFL. International English Language Testing System functions as a standardized English language test for non-native English speakers. This acts as an entrance test for students applying to universities in foreign countries. Indian students applying to study in Dubai need to have their scores on IELTS to get admission to certain universities.
  • IELTS measures proficiency in English Listening, Reading, Writing and Speaking. To qualify for a Visa application, one must take this examination in person either through the computer mode or through the paper-pen mode. To prepare for the test, the official website of IELTS India provides with sample test papers, reading and writing material, webinars, applications and much more. To apply for universities in Dubai, you can take the IELTS Academic Test. IELTS General Training test can be taken if you wish to study in Dubai below the graduate level.

Step 4:

After the course requirements are understood, go ahead with enquiries and counselling. Counselling here refers to a professional from the University department explaining the course, and its outcomes, and checking your suitability for the same. Counselling can be done in person when you visit the campus or can be done as tele-counselling if you are not able to physically visit the campus.

During Tele-counselling, remember to discuss the following key points:

  • The structure of the course. This includes how subjects are divided across semesters, the options for electives, the co-curricular activities, and the subjects under study.
  • Although course requirements are usually posted on the official website of the university, go through them with the counsellor.
  • Enquire about the facilities on campus like the cafeteria, gymnasium, basketball courts, playground, swimming pool, music room, auditoriums and so forth.
  • Ask about the accommodation provided by the university, and if not what would private expenses and options for accommodation look like
  • Finally, discuss one of the most important aspects; the Fee structure. Ask questions to learn more about:
    • The total fees including the tuition and other costs.
    • Availability of the installment payment system.
    • Scholarships available and how to qualify for them.
    • And any other miscellaneous requirements of the University.
  • Once tele-counselling with all the shortlisted universities is done, come to a decision about the course and university you would like to study at.

Step 5:

The final step is to send applications to the list of shortlisted universities. First and foremost get your documents in order. These include:

  • Your Marksheets from grade 10, grade 12, and Bachelor’ (that is if you are applying for a master’s)
  • Recommendation letters as per the requirement of the university.
  • Portfolios if applicable.
  • Identity certificate or Passport: A passport is the official document to travel internationally. It verifies and confirms your identity as a resident of the country. It also verifies your personal details like age, address, and so on.
  • And Passport size photographs.
  • Fill the application form with due importance given to completing the task before the deadline.
  • Pay the application fee and any other fee applicable. Make sure to keep a copy of the receipt.
  • Prepare well for interviews in any, and keep your documents ready.
  • Wait for confirmation from the university before finally choosing the one University that you want to study at.
  • The last step would be to file for a Visa after confirmation of admission by the University. A Visa is an official document that allows an individual to enter a foreign country legally. A student Visa can be applied for to study at a University in Dubai.
  • While applying for a Visa, the following points need to be taken into consideration:
    • Acceptance letter from the university.
    • Accommodation proof.
    • Sufficient financial funds for expenses, tuition fees and medical insurance.

That is all about applying for your education in Dubai. Happy Learning!

Categories
Universities in New Zealand

Top Universities for Indian Students in New Zealand

Top universities in New Zealand

New Zealand, the land of beauty and education, hosts many Indian students pursuing higher studies abroad. The educational institutions of the country are known to be the epicenter of academic excellence with a wide variety of programs meant for a global audience. This blog provides an insight into a few of the top universities in New Zealand for Indian Students.

A Closer Look at the University of Auckland

Ranked 68 in the QS World University Rankings 2024, the University of Auckland is New Zealand’s highest ranked university. This is further backed by a five star plus QS Stars University Rating for excellence in the categories: Research, Employability, Teaching, Facilities, Internationalization, Innovation and Inclusiveness. The University of Auckland conducts teaching and learning at two large-scale research institutes, and other institutes and centers. It offers a wide range of study options at undergraduate, postgraduate, and doctoral levels. The programs span across eight faculties: Arts, Business, Creative Arts & Industries, Education & Social Work, Engineering Law, Medical & Health Sciences, and Science. The university is located in Auckland which is New Zealand’s economic hub and hosts a multicultural environment for its residents. University of Auckland is home to over 7000 international students from over 120 countries. Notably, the university has curated an exclusive scholarship program for Indian students which covers up to $20,000 of tuition fees.

Discovering the Rich Offerings of the University of Otago

The University of Otago has its main campus in Dunedin, the Wildlife Capital of New Zealand. It also has Schools of Medicine and Health Sciences in Wellington and Christchurch. It is a prestigious center of learning with a global footprint and a rank of 206 in the QS World University Rankings. Established in 1869, the University of Otago is officially the first university of New Zealand. The university has received a Five Stars Plus QS Stars University rating in the years of 2016, 2018, and 2021. The University of Otago offers more than 200 undergraduate and postgraduate programs across four divisions – Health Sciences, Sciences, Humanities, and Business. 95% of students passing out of the University of Otago enter the workforce or opt for higher education. The Otago University Indian Students Association is a strong community which offers a smooth transition for the incoming Indian students into the campus.

Unveiling the Victoria University of Wellington Experience

Situated in the city of Wellington, the capital city of New Zealand, Victoria University of Wellington offers a quality education modelled on the highly successful British framework. It is ranked 50th in the world for Social Policy and Administration. The programs offered by the university are majorly in the categories of Accounting and Finance, Development Studies, Education, English Language and Literature, Geography, History, Law, Engineering, and Linguistics and Psychology. Apart from that Victoria University has received five stars in each of the following categories: arts and culture, discipline ranking and accreditations, employability, facilities, inclusiveness, internationalization, research, and teaching. With a focus to promote postgraduate studies on India in New Zealand, the Victoria University of Wellington established the New Zealand India Research Institute in 2012.

University of Canterbury

This public research institution is the second-oldest university of New Zealand. It is ranked 256 in the QS World University Rankings. The university follows the People First principle and welcome anyone interested to learn from a diverse and flourishing community. The university offers world class education through its faculties in Arts, Education, Engineering, Health, Law, and Business. It invites applications for undergraduate, postgraduate, and doctoral programs every year. When you graduate from the University of Canterbury, you join an alumnus of more than 140,000, a cohort of engaged and empowered individuals affecting change across the globe.

Discovering Auckland University of Technology (AUT)

Among the top public universities of New Zealand, Auckland University of Technology is placed 407th in QS World University Rankings 2024. AUT has received an overall five-star rating from QS. It also has five-star ratings for Teaching, Employability, Research, Internationalization, Facilities, Innovation and Inclusiveness. It has 60 research centers and institutes which deliver leading research across a range of subjects including space, artificial intelligence, robotics, ecology, physical activity and nutrition. Furthermore, AUT has more than 5,000 industry partners around the world. Therefore, within nine months of graduation, 94% of graduates enter the workforce.

For the Indian students, these universities in New Zealand for international students do not only offer high-quality education but also homes providing a cultural and opportunity-rich environment. Each university has its own unique strengths: research, student life, specialized programs, and industry connections. Choosing to study in New Zealand, Indian students can have the hope of an enriched educational experience that will work as a window into success in the future.

Categories
Student Loans

Understanding Interest Rate on Education Loans

Education Loans

Picking the right education loan is crucial for those studying abroad, but many students struggle with complicated financial terms and don’t grasp what they mean. This blog is here to help clear things up, especially about interest rates on education loans. It will also cover in brief how simple interest is different from compound interest. By getting a clear picture of interest on education loans, students can talk more confidently with loan providers to ensure they get deals that will put them in a manageable financial spot. Learning about interest on education loans isn’t just about doing math; it’s about ensuring you understand your finances well to make smart choices for your future.

What is the Interest Rate on Education Loan?

Interest on an education loan is a way to figure out how much extra money you need to pay on a loan. It only looks at the original amount of money you borrowed, not including any interest that adds up over time. This means you’re only paying extra on the first amount you took out, no matter how long you take to pay back the loan. This can be helpful for students going for an abroad education because it makes understanding how much they owe more straightforward.

The interest rate on your education loan can be of two types –

Floating interest rate: Varies with market conditions, leading to unpredictable EMIs. Makes budgeting difficult due to fluctuating repayments.

Fixed interest rate: Stays the same throughout the loan term, unaffected by market changes. Offers predictable, unchanging EMIs, aiding in financial planning and stability. Ideal for those who value certainty in monthly payments.

The interest rate on an education loan is often known as simple interest. The simple interest on an education loan is calculated in this way –

Interest = Principal x Rate x Time (I = P x R x T), where:

P is the principal amount (the original sum borrowed),
R is the annual interest rate
T is the time the money is borrowed for, in years.

Simple Interest vs Compound Interest

Difference FactorSimple InterestCompound Interest
Basis for CalculationCalculated based on the original loan or deposit amount.Calculated on both the initial amount and the accumulated interest over time.
Accumulation of InterestInterest does not compound; it’s only on the principal.Interest compounds, accumulating on the principal and previously earned interest.
Overall CostTypically results in a lower total repayment amount for loans, making it cost-effective for shorter periods.Due to compounding, the total repayment or investment value increases more significantly over time, which can be more costly for loans but beneficial for investments.
GrowthShows steady and predictable growth, increasing linearly over time. This makes it simpler to forecast future payments or earnings.Exhibits exponential growth, which can greatly increase the future value of investments or the total cost of loans, especially over long periods.
SuitabilityIdeal for short-term loans or investments where quick repayment is expected. It’s straightforward, making it easier for individuals to plan their finances without worrying about fluctuating costs.Preferred for long-term investments or loans where the compounding effect can substantially benefit the investor or saver over time. It’s particularly advantageous for those looking to maximize returns on investments.

Education loans usually use compound interest, meaning interest is calculated on both the borrowed amount and any previously accumulated interest. This can increase the total interest paid over the loan’s life. However, terms can vary by lender, so it’s important to check the specific loan details. Here is a table that explains the difference between simple interest and compound interest.

Interest Rate on Education Loan by Different Lenders

When exploring an abroad education loan comparing the starting interest rates provided by various lenders is crucial. Below is a simplified table that illustrates the different initial rates:

Lender NameSecured Loan Interest RateUnsecured Loan Interest Rate
Union Bank of India9.25% – 11.5%9.75%
Axis Bank9.99%10.75% – 12.5%
ICICI Bank9.9% – 10.0%10.99% – 12.75%
IDFC First Bank9.5% – 11.0%10.75% – 13.0%
HDFC Credila10.25% – 10.75%11.75% – 12.75%
Avanse10.75% – 12.0%12.0% – 13.0%
IncredNA11.85% – 13.25%
Auxilo Finance11.5% – 12.5%12.0% – 13.5%
Prodigy FinanceNA11.5% – 13.5%
MPOWER FinanceNA12.99% – 15.99%
State Bank of India10.15% – 11.15%NA
Bank of Baroda9.7%NA

Factors Impacting Interest Rate on Education Loan

Several factors can influence the interest rate you receive on an education loan. These factors include:

Applicant profile: The financial history, credit score, and current income of the applicant can significantly influence the interest rate. Lenders use this information to assess the risk level of lending money. A stronger profile often results in lower interest rates, as it indicates a lower risk of default.

Co-applicant profile: Similar to the main applicant, the co-applicant’s financial stability, credit score, and income are scrutinized. A co-applicant with a strong financial background can help secure a lower interest rate, providing additional assurance to the lender.

Type of loan: Secured loans, which are backed by collateral, typically have lower interest rates compared to unsecured loans. This is because secured loans present a lower risk to lenders, as they have assets to fall back on in case of default.

Market conditions: Interest rates are influenced by the broader economic environment, including inflation rates, central bank policies, and the state of the financial markets. Changes in these conditions can lead to fluctuations in interest rates offered to borrowers.

Targeted country & institute: The country and institution where the applicant plans to study can also impact the interest rate. Some lenders may offer lower rates for studies in countries or institutions they perceive as having better employment prospects post-graduation, which affects the borrower’s ability to repay the loan.

Smart Ways to Lower Your Education Loan Interest

There are several strategies through which you can save on the total interest payments on your education loan. While these approaches may not seem immediately advantageous in the short term, they will be beneficial in reducing your effective interest rate over time. These strategies are –

Paying interest during the grace period – Making interest payments during your loan’s grace period can notably lower the principal amount before you begin making regular payments. Taking this early action helps save money over time by reducing the principal, thereby decreasing the total interest accumulated on this smaller principal amount.

Prepay when possible: Making extra payments or larger payments than the minimum can reduce the principal faster, leading to less interest accrued over time.

Opt for shorter repayment terms: Though this means higher monthly payments, the total interest paid over the life of the loan is reduced.

Refinance at lower rates: If your credit score improves or if market rates drop, refinancing your education loan can secure you a lower interest rate.

Sign up for automatic payments: Some lenders offer a discount on the interest rate for enrolling in automatic payments.

Tax Claim under Section 80e: Deducting interest paid on education loans under Section 80E can lower your taxable income, benefiting those paying for higher education for themselves or dependents. This tax relief extends over the time you pay interest, enhancing savings.

Grasping how interest rate affects education loans is key for students eyeing studies overseas. Through strategic decisions, like covering interest in the grace period and adept loan management, students can notably lessen their financial load. GyanDhan provides tailored education loans for abroad studies, ensuring competitive rates tailored to your needs. Simply check your loan eligibility through GyanDhan, and embark on your international educational voyage with financial assurance and simplicity.

Frequently Asked Questions

How do you calculate simple interest on education loans and what are its benefits?

To find simple interest on education loans, multiply the principal amount by the annual interest rate, and then by the number of years. This method is beneficial because it applies interest only to the original loan amount, offering a more economical way to handle education expenses.

Do education loans from Indian lenders use compound interest?

Yes, education loans from Indian lenders usually apply compound interest, meaning interest accumulates on both the principal and previously accrued interest. However, if you pay simple interest during the moratorium period, compounding does not occur. The frequency of compounding depends on the lender’s policy, typically annually or quarterly.

What factors affect simple interest rates on education loans?

Simple interest rates on education loans are influenced by the borrower’s credit score, the size of the loan, the repayment duration, and whether the loan is secured or unsecured. Being aware of these factors can help borrowers secure a more favorable interest rate.

How is simple interest on education loans calculated by private lenders?

Private lenders might have their own guidelines for calculating simple interest on education loans, including requiring interest payments during the study period to prevent interest from compounding. Borrowers should closely review lender policies to fully understand their loan’s costs.

Why is knowing how to calculate simple interest on education loans advantageous for long-term financial planning?

Understanding the calculation of simple interest on education loans aids long-term financial planning by clarifying the total cost of borrowing. This insight allows borrowers to make informed decisions, potentially saving a substantial amount in interest over the loan’s life.

Categories
Overseas Education Study Abroad

Exploring Alternative Options to Fund Your Study Abroad Dream

Study Abroad Dream

To study abroad is a dream of many in today’s world. It is more dynamic and allows one to access the globalized nature of markets. Having said that, this dream often faces financial challenges. To overcome that, students apply for loans for studying abroad generally. At times, a student loan for abroad doesn’t get sanctioned or there are some hurdles with respect to paperwork. Therefore, it is important to explore alternative funding options and secure your plan of international education.

Crowdfunding: A Modern Approach to Education Funding

With the increasing access to digital world, crowdfunding has emerged as a very potent tool and an alternative to a student loan for abroad. It is quite practical and many platforms such as Kickstarter, GoFundMe, and Ketto ensure transparency of the entire fund. They give you the opportunity to tell your story and set a goal for your campaign. There are many students who have been able to raise money to support their educational goals. The success rate for crowdfunding is quite varied and there are people who have collected around USD 10,000. They key is to craft a compelling narrative and keep the audience engaged with regular updates and gratitude.

University-Provided Scholarships

  • Merit and Need-Based: Top universities globally offer scholarships based on academic merit or financial need. The amounts can range from partial to full tuition coverage.
  • Government-Funded: Indian government scholarships like the Fulbright-Nehru Master’s Fellowships can cover tuition and living expenses, often exceeding $20,000.
  • Private and NGO Scholarships: These can range from a few thousand dollars to full tuition coverage, depending on the organization and program.

Work-Study Programs and Exchange Opportunities

For example, USA offers F1 visa to students. Under this they can work up to 20 hours a week during term-time. In Canada, the study visa enables students to work similar number of hours and full-time during semester breaks. In addition to this, there is an Erasmus+ program in Europe. It covers a significant portion of living expenses (€300 to €400 per month).

Tuition-Free or Low-Cost Universities

Germany: In Germany, public universities offer tuition free education. It covers both undergraduate and postgraduate courses. All you have to do is budget for living expenses (€850 per month).

Nordic Countries: On the lines of Germany, Nordic countries like Norway also waive off tuition fees at public institutions. The only thing to manage is living expense which can be on the higher side (€1,000 per month).

Earning While Learning: Freelancing

In this globalized world, platforms like Upwork and Fiverr have emerged. They are leading aggregators of freelancers from all over the world. A successful freelancer can earn anywhere from a few hundred to several thousand dollars per month, depending on the skill set and time commitment. This also provides you to have flexibility of schedule along with academic load.

Academics are a one-time investment which goes a long way in your career. To study abroad and gaining an internationally accredited educational qualification is a feat known to a few. Once you are determined enough, you can devise ways to fund your education. From crowdfunding to scholarships, and work-study to low-cost universities, the possibilities are diverse. Combining these with entrepreneurial endeavors like freelancing or starting an online business can create a robust financial plan for your study abroad aspirations. This path is all about research, creativity, and zeal to make things happen.