November 2017
Every passing year, with the rising need for premium education and the increasing demand for graduates to be at par with international standards, more and more students from India are opting to complete their higher studies abroad. However, despite having a plethora of benefits -unprecedented exposure and opportunities to widen one's horizons and understand new cultures, experiencing topnotch educational practices and witnessing a sharp boost in employment prospects -it is surprising to note that several students opt against studying abroad because of financial concerns. However, here is a list of solutions to overcome some common financial challenges encountered while looking to go outside of India for studies.
SCHOLARSHIPS
While almost every university appears to offer plenty of scholarships to domestic students, international students have drastically fewer grants available to them. This, however, does not mean that one should shy away from applying at all. The best way to find an appropriate scholarship is hardcore research. Considering the vast amount of varieties in the aids offered by institutions (such as merit based, need-based, and so on), the importance of thorough research can't be emphasized enough. Furthermore, one must explore the multiple quarters from which financial support is offered, not just from colleges, but also from philanthropic organizations, governments, and research grants.
STUDENT LOANS
It is important to remember that securing a scholarship alone is hardly ever sufficient to cover the totality of the expenditure in studying abroad. While scholarships often take care of tuition fees (and accommodation, occasionally), expenses for food, supplies and other overheads are large enough in most countries to warrant application for student loans. Indian students can apply for educational loans from public or private banks. These loans will have a moratorium period extending to the end of the applicant's course or to the beginning of their employment, making it convenient for students to repay the amount once they begin to earn.
PART-TIME JOBS
Working while studying is an excellent opportunity to get acquainted with the local culture and to earn money to cover several expenses. Not all countries and visas permit students to work legally during study, though. Careful research in the immigration policies of the country of education is essential. A good alternate would be to undertake online jobs available on intern ship and part-time employment portals, especial employment portals, especially in the field of one's study.
EMPLOYMENT INSIDE UNIVERSITIES
Also dictated by visa regulations, on-campus jobs are prudent substitutes to off-campus employment. Most colleges list the job opportunities open to international students on their websites and within university departments, making these much easier to find than regular part-time work. Since several institutions offer campus employment in exchange of free or discounted fees, this is a popular route that students can take -particularly because of being able to work in a known environment.
PERSONAL FUNDS
A very common -albeit steadily declining -practice is to dig into existing funds to pay for higher studies. Whether it is using parents' money or tapping into a nest egg built specifically for college, spending one's personal funds can be unnerving. Nonetheless, spending savings is sometimes necessary .An ideal method would be to consider it as investment for future returns, since higher studies are bound to assure satisfactory employment eventually. There are several means available to students to help relieve a significant portion of the burden. At the end of the day, funding for overseas studies calls for extensive research, planning, risk appetite, and above all, a determination to do well throughout the courses -something that the students of today's generation seem to have in plenty!
What Edwise Students Studying Abroad Say?
"Experience at Edwise has been tremendous till now. Counselor at Edwise helps not only at professional but also at a personal level. I have always got full support from everyone at Edwise. I'm really happy that i chose Edwise for my future's decisions."
Name- Pratik Mattoo
Country- Australia
University- University of Sydney
"I had a very wonderful experience with Edwise and I want to thank them for helping me throughout the process. "
Name- Sagar Chheda
Country- Canada
University- Lambton College
"I am very thankful to Edwise for helping me and guiding me in my academics. Edwise has played an important role in my career."
Name- Devnani Jay
Country- USA
University- University of South Florida
"Edwise is the best, I was guided well and my counselor made my application and all the other process very easy. I am very thankful to Edwise for helping me in my dream to study abroad."
Name- Utkarsh Batwal
Country- UK
University- Sheffield Hallam University
We at Edwise streamline and personalize the process for each student irrespective of the destination, institution, course or any level of study. Our team of experienced professionals will provide you individual attention and exceptional guidance throughout your process of application. We provide assistance related to course selections, admission, visa, bank-loan and scholarships. We also host University delegates for direct student interaction and all these services are provided free of cost. We have established since 1991 and have been maintaining strong networks with over 725 universities in 16 countries, hence giving us a unique insight into the finest educational establishments worldwide.
Start your education overseas with valuable information on everything you need to know about studying abroad from study permits, temporary resident visas and how much it costs, to finding the best suited program for you.
Do visit your nearest Edwise branch & choose your university carefully under our expert guidance and ensure that you have all your paperwork in order. Once you apply, and the wait is over, you can really begin to look forward to not only studying in a beautiful and vibrant country, but also to a life experience quite like no other.