SCHOLARSHIP & LOANS

The myth around scholarship is that only toppers from different spheres of life gets scholarship. But let’s not argue that toppers deserve these scholarships based on certain criteria. But Overseas Education Scholarships are not restricted to toppers alone. Most Study Abroad Student Scholarships fall under following four major types:​

• Need based Scholarships (for financially backward students mostly with good/decent academic records)
• Student Specific Scholarships (generally based on caste, religion, gender or similar grounds)
• University/College Scholarships (it can be Merit based or other criteria as mentioned by university)
• Company Based Sponsorship (Professionals working in companies get full sponsorship in the pretext of coming back and joining the same company)

​The above mentioned types of scholarships cover almost 90% of total scholarships awarded to Study Abroad aspirants. Hence students seeking admission for overseas education mustn’t lose hope and do research thoroughly to take advantage of these wonderful scholarship options.

Most Overseas education loan cover the cost of following and are paid mostly to the University directly:​

• Tuition fee
• Insurance fee
• Cost of books & supplies
• Accommodation costs
• Living expenses
• Travel and Transportation expenses

​Scholarships may not cover the expenses incurred as per the above list and hence timely procurement of Education loans goes a long way in maintaining the student finances in order

• ​Loans upto INR 4lacs doesn’t require a Guarantor or margin
• ​Loans upto INR 7.5lacs require a third party Guarantor but no collateral
• Loans above INR 7.5lacs require a Guarantor as well as collateral (proof of any immovable property or asset)
  Repayment of loans is dependent on banks or financial institution and generally starts after 6 months or 12 months of completion of the course. Grace period of Repayment of loans ranges from 5-15 yrs for loans above 7.5lacs but in some cases can be lower as well