123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Education >> View Article

Different Types Of Financial Aid To Study Abroad

Profile Picture
By Author: Amit Dhakar
Total Articles: 45
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Overseas education is known for two things in India; higher quality standards and even higher fees. Are you overwhelmed by the opportunities and cost of education? So, gathered your wits. Start preparing a requisite strategy for financial aid for overseas education. This article will allow you to explore different types of financial aids available to Indian students.

Education Loans:

Overseas education is very expensive. A student loan can allow you to avail this opportunity without requisite funds at your disposal. Since you can avail a loan for the amount you see fit, you can include all necessary expenses into the principal amount. For example, accommodation, transport, curriculum and support material, research and surplus expenses, etc. However, most educational loans have specific eligibility criteria.

• Parent, sibling, spouse or parent-in-law as a co-applicant
• Application approval from respective university or college
• Collateral
• Guarantor

Scholarship Programmes:

Scholarship for studying abroad is the best form of financial aid. Most students need the ...
... collateral or a co-applicant to avail an education loan. Sponsorship programs are even more competitive. But, scholarships for Indian students to study abroad are limited to residents of India meeting the eligibility criteria.So, students have a much better chance of availing it than international sponsorship. Here are the most significant advantages of scholarships for Indian students to study abroad.

• You do not need to worry about repayments immediately. Thus, students can afford to have a worry-free focus on studying itself.
• Since scholarships for studying abroad are based on certain eligibility criteria, unlike educational grants. These grants are restricted to economically weak sections on a community. So, anyone can qualify for these scholarships to study abroad and have a great opportunity to define their careers.
• Overseas education involves several expenses. This scholarship can be the best way to tackle all expenses.

Sponsorship Programmes:

Several international universities and colleges have sponsorship programmes for international students. This is a great way to promote diversity and encourage international student applications. However, these are extremely competitive. They are mostly valued because they represent a significant achievement in and by itself. So, it should be a top priority. But, it cannot be the only option.

Educational Grants:

A 100% financial support is extended to sections of society to encourage their participation. Therefore, most educational grants are targeted towards a specific section of society. Thus, only qualifying students can apply and receive a due financial aid. For example:
• S.C., S.T., O.B.C., E.W.S.
• Women
• Religious monitories
• Merit-based grants

They involve great financial support. Because these are the most coveted form of financial aid for select communities. However, this is a form of scholarships for studying abroad, which is mostly available to minorities only.

So, do you wonder how to find scholarships to study abroad? Do you know the best lenders for student loans? Contact a financial aid counsellor. Research on search engines, social media and other databases. You will find the best way to avail international education.


Author Bio :- Dr. Amit Dhakar, Ph.D. in education, is an expert in the education sector. In spite of the busy schedule, he understands the lack of awareness among students seeking to study abroad. So, in his free time, he offers useful literature such as how to find scholarships to study abroad, eligibility criteria for overseas education, and more.

Total Views: 166Word Count: 553See All articles From Author

Add Comment

Education Articles

1. Telephone Handling Skills - Tips To Improve Your Success
Author: 1Training

2. How To Remain Viable In A Tough Job Market
Author: Outplacement Mittmann

3. The Most Effective Job Search Techniques To Consider
Author: Outplacement Mittmann

4. Deciding To Change Careers! - Here Is What You Should Know
Author: Outplacement Mittmann

5. New Age Career Options For Finance Graduates
Author: Indian School of Business & Finance

6. Telangana Board 12th Result 2022- Ts Inter 2nd Year Results
Author: latestjobhub

7. Up B.ed Jee Admit Card 2022- Uttar Pradesh B.ed Joint Entrance Exam Call Letter Available Today
Author: latestjobhub

8. Rajasthan Jet Result 2022- Au Jodhpur Jet Agriculture Cut Off Marks
Author: latestjobhub

9. Post Graduate Career Options In Innovation – Mba In Innovation, Masters In Innovation, Post Graduate Program In Innovation Management
Author: Pankaj Deshpande

10. Which Certification Is The Best One In Data Analytics? Part 2
Author: PassYourCert

11. Rajasthan Police Constable Result 2022- Download Raj Police Constable Exam Score
Author: latestjobhub

12. Rajasthan Police Constable Admit Card 2022- Constable Re-exam 2 July 2022
Author: latestjobhub

13. Agneepath Scheme Details 2022- Indian Army, Navy, Air Force Agniveer Jobs Apply Online
Author: latestjobhub

14. Bstc Application Form 2022- Rajasthan Pre D.el.ed Admission Registration
Author: latestjobhub

15. Rajasthan Bstc Syllabus 2022- Pre D.el.ed Exam Pattern, Bstc Previous Years Papers
Author: latestjobhub

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: