Persuasive Post Graduation courses of overseas for Indian Students

Indian students from time immemorial always headed towards the West for higher studies, but in the recent times the numbers have accelerated to a great margin. Stringent admission process carried out by all top Indian Universities is not just the only reason for a large chunk of our students to flock out for overseas education.

Then, what is the main factor that trigger in the minds of students to pursue post-graduation overseas?

Offer a Platter of academic areas to explore!

Most of the universities of the US and UK offer a range of different courses that are not available in the Indian Universities and in addition to it the option of interlinking or combing the subjects helps one to come out with a comprehensive degree in hand. For instance, UK offers thousands of attractive courses along with traditional degrees that are both well-reputed and offer an edge in the job market. The subjects and their modules are designed in such a manner that a student pursuing studies in English literature are allowed to choose one module on science fiction, one module on children’s literature and one module on short stories. This gives the students freedom to not only stick to a particular subject area, but acquire knowledge from other field of study as well.

Students wishing to study not the traditional post-graduation degrees are offered with multiple diploma and certificate courses that are no less than acquiring a regular post-graduation degree. The subject matter included in these diploma courses are varied in nature that allow to nurture skills and study something new, to which they had studied during their under-graduation level.

A combo-pack that is less tiring and challenging!
Distance learning courses offered by most Universities of UK and US allows students to grab the opportunity of obtaining another degree sitting on campus for the main post- graduation course gaining an edge in the job market for flexibility. This practice is unlike Indian system of higher studies where only in the recent times the concept of distance learning has been introduced and is not widely accepted in job market.

Most post- graduation in the west provides industry experience side by side with the course that enables the students to gather practical knowledge along with theoretical knowledge. The culture of working and at the same time continuing the studies is widely practiced and is accepted by almost all institutions in the west. This builds in the feeling of self –dependency in an individual giving a spirit to conquer any situation in life.

Incurs less expenditure in recent times
Not to forget the very essential factor related to overseas education is the fact that in the recent times, most of the International institutions have lowered their course fee for international students to persuade more and more students to take admissions in their country for higher studies. Besides, a range of financial aid and scholarships are granted in a step towards backing students in terms of monetary assistance. The economic condition of the middle class has slowly increased in the recent times and this has led also led to the acceleration of more students opting for overseas education for higher studies. Where in the past, financial tensions was a great hurdle in way of overseas education , surely the decrease in course fee , hike in of economic condition of middle-class and wide range of financial tensioned have eased most of the financial worry aspects.

Well, the post-graduation courses of the west indeed offers a plethora of attractive facets which act as a magnetic effect for any students who wish to grab the’ best from the best’ without much compromise on the way.

Source: http://www.avanse.com/blog/persuasive-post-graduation-courses-overseas-indian-students/

Studying down under- Seven best destinations for higher studies in Australia

So you have a GPA which can be compared to Sir Bradman’s strike rate and want to study somewhere cricket is avidly followed? Well Crickey! Australia is then the place to be. Where else will you get to hang out with a baby Kangaroo or a wallaby while finishing up on your homework?

Counted amongst the most popular destinations in the world for students, Australia or ‘the land down under’ hosts some of the most respected universities in the world. With its buzzing nightlife, list of great restaurants, colorful markets and a fun calendar of events like Sydney Mardi Gras, you will surely never have a dull day down under.

However, if you thought that Australians are not serious about attracting some great academic talent from around the world, then think again. It boasts an impressive higher education system that hosts more than 300,000 students every year from across the globe. A bulk of this traffic comes from countries like China, India, Korea, and Malaysia, whose students add the oriental twist to the Aussie flavor. Aussie universities, time and again, have been making it to the top 100 lists of university ranking globally. Australia’s focus on education is reflected from its contribution to the Australian economy. Data indicates that only the export of minerals like coal & ores and tourism bring in more money into the country compared to the education commerce segment. Any course work related to the environmental sciences including geology, ecology, marine biology is a natural choice of study in Australia because the country has such a distinctive climate and varied topography. Other popular and highly regarded streams include various types of engineering and management across globally reputed departments across well ranked universities. Although Australian universities have tuition fees which are costlier than the global average, they make up for the cost by offering a higher quality of education as well as a better standard of living when compared to the rest of the globe.

To sum it up- Australian universities offer:

• A great learning experience and international recognition with acclaimed teaching standards
• High standards of living in cosmopolitan cities featuring great nightlife and social activities
• An active lifestyle promoting varied sports including cricket, rugby, soccer etc.
• Pleasant weather and enjoyable climate all year round
• Exciting wildlife, pristine white beaches, deep & azure oceans that let you spend quality time with your loved ones and friends

Phew! Now, if we helped make up your mind on securing that degree from an Aussie University, then here’s a quick list of the top seven cities for higher studies in Australia

No.1 Adelaide

Attracting huge numbers of students from abroad, Adelaide makes for an ideal place for students planning to study in Australia given the low costs for accommodation. Considered to have one of the best rates of education and related services in Australia, Adelaide houses three universities with a sizeable international student population.

No.2 Brisbane

A great location close to sunny beaches, Brisbane has the ideal climate and is considered to have some good quality institutes and universities for higher education. With reasonable choices of accommodation available for students, it offers three accredited universities and several other smaller seats of learning.

No.3 Canberra

The Capital of Australia provides a quality environment for students and is widely regarded as one of the best mid sized cities for students. The universally acclaimed Australian National University makes its home in the city of Canberra and this also makes it an expensive place to move into.

No. 4 Gold Coast

Surrounded by pristine golden beaches, Gold Coast embodies the rich Australian culture with its beautiful landscapes. Bond University is one of the more well known seats of higher education at Gold Coast.

No. 5 Melbourne

Offering a truly metropolitan lifestyle, Melbourne offers fantastic views of the azure ocean and a taste of the luxuries of civilization. It is likely the largest and most attractive city for international students with at least one third of the entire student population coming from abroad. With eight major universities in the city, Melbourne also offers great public transport facilities.

No. 6 Perth

Boasting a serene and vibrant education focused city, Perth offers four universities with strong job prospects and robust economy. Perth offers educational degrees from four universities. Its warmth is reflected from the natural abundance of bushlands, spectacular views of sunsets at the beach and the Swan Bell- one of the largest musical instruments on Earth.

No. 7 Sydney

Occasionally touted as one of the coolest places to study in Australia, Sydney’s culture is akin to the United States with its abundant beaches, live music feats and opportunities to study indigenous culture of the venerated Aborigines. About 5% of Sydney’s residents are university students studying across five centers of excellence spread across the city. However, the city’s prices for accommodation go through the roof!

Come down under to Australia Mate! What’s not to like here.

Source: http://www.avanse.com/blog/studying-seven-best-destinations-higher-studies-australia/

some frequently asked questions about education loan in india

    People often have few doubts before or after taking education loan in India.  Here are answers to some common questions that people have with regard to student loan:
Who is eligible for Education Loan?
The person taking the loan should have secured admission in the institute. The institute or course of study must be recognized by UGC/AICTE/AIBMS/ICMR, etc. The person needs to be an Indian citizen and should be 17 years old or above.
What are the courses covered for Education Loan?
Education Loan in India is available for all approved courses leading to Graduate/Post Graduate Degree and PG Diploma conducted by recognized colleges/universities recognized by UGC/AICTE/AIBMS/ICMR, etc. Education Loan is also available for part time courses and job oriented courses subject to employability and earning potential. An education loan for study abroad is also available for job oriented professional/technical courses offered by reputed universities.
What are the expenses covered under Education Loan?
The amount of Education Loan is provided to meet all type of expenses which are necessary for completion of course that  includes purchase of books, equipments, computer, travelling, study tours, boarding, lodging besides all types of fees.
What are Documents required while applying for Education Loan?
Some banks or financial institutions require all or any of the following documents as pre sanction documents:
Loan application
Passport size photographs.
Proof of Address.
Proof of Age.
Copy of PAN of student Borrower.
Proof of having cleared last qualifying examination.
Letter of admission.
Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned.
Details of Assets & Liabilities of parents/guardians/guarantors
In case loan is to be collaterally secured by mortgage of IP, copy of Title Deed, Valuation Certificate and Non-encumbrance Certificate from approved Lawyer.
Photocopy of Passport & Visa in case of study abroad.
Any other document/information, depending upon the case and purpose of the loan

What is moratorium period or grace period?
It is the maximum time given to the student after finishing studies that go without catering any payments for yr loan. Mostly, it range from 6 to 12 months.
What is the repayment tenure of an education loan?
The repayment tenure depends on the amount of loan taken and type of course. The minimum time given to repay the loan is 1 years and maximum is 10 years.
Is guarantor mandatory in education loan?
Yes, guarantor is mandatory in education loan. The guarantor could be an applicant's parents or guardians who take the responsibility for the repayment of loan in case of any mishap.
Is there any tax benefit by taking an Education Loan?

The moment a person start repaying the education loan, he/she can deduct the interest amount from the total income while calculating tax. This means the effective interest rate on the loan works out to a lower amount.

Pre Approved Study Abroad Education Loan

“Dream is not the thing you see in sleep but is that thing that doesn't let you sleep.”

-      APJ Abdul Kalam

Are you also getting sleepless nights because of you desire or dream to pursue education abroad is seeing no light because of financial constrains and that is the reason you are not giving the necessary entrance exam? Now, you can have sound sleep as Avanse brings you study abroad pre approved loan. A pre-approved loan is one that is approved for a purpose before the need for it actually arises

Avanse is a new age education finance company. We are an Associate Company of Dewan Housing Finance Ltd. (DHFL), a leading player in the housing finance sphere. Avanse is a Non Banking Finance Company (NBFC) and is regulated by the Reserve Bank of India.

Avanse brings pre-approved loans that provide 100% educational finance at competitive price. The amount of study abroad pre approved loan will depend on the applicant credit history and his repayment capacity. The amount of pre approved loan will covers costs related to tuition fee, admission fees, examination fee, hostel fee and other compulsory fees that are related to the course demanded by university or institute. It also covers expenses related to purchase of books, laptop and technological tools.

The five major benefits of getting study abroad pre approved loan from Avanse are:

·         100% education finance to students

·         Competitive interest rate.

·         Flexible re-payment options as per your convenience

·         Loan approval in just 7 days

·         No upper limit for loan amount

Avanse offers pre-approved loan to help students to cross the hurdle of finances in pursuit of their educational dreams. To avail, study abroad pre approved loan, you need to fill the online application and submit it with necessary documents.

Student Loan: A helping hand in pursuing education

Education is essential for everyone. In today’s competitive world education is necessity for man after food, clothing, and shelter.  it has become an indispensable part of life both personally and socially. As a student, we always want to study in best college with our chosen course of study. But, few people are not able to pursue their dream of higher study because now pursuing education has become a costly affair.  Financial problem is main hurdle that people faces in pursuit of their higher education. In such a situation student loan runs to the rescue of a student. 

Now-a- days, study loan have been made hassle free to apply for and get too.  It is viable for a person to visit the website of a bank or financial institution and understand the student loan facility and terms & conditions associated with the loan. You can choose from various banks or financial institution.  The terms and conditions are not that hard to be met. The interest rates are low. Thus, it is easy for the students to apply and acquire an education loan. The education loan process may vary from bank to bank and from financial institution to financial institution. Banks and financial institutions are encouraging student loans

Student loan in India covers:

·        Expenses related to tuition fee, admission fees, examination fee and other compulsory fees that are related to the course demanded by university or institute.

·         Expenses (if any) and hostel fee.

·         Expenses related to purchase of books, laptop and technological tools.

·         Any other expense related to complete the course- like study tours, project work, thesis, etc.

Student Loan plays an important role in helping people to cross the hurdle of finances in pursuit of their educational dreams. In the economic slowdown,   it is very tough for parents to provide fund for education. Study Loan helps meritorious students to come out of this crisis and go for education. So, without worrying for their educational expenses, students can fulfill their educational dreams.

But, you need to be cautious while taking student loan, you should choose the bank or financial institution that offers low interest rate, no prepayment penalty, minimum or no collateral required and flexible repayment options. You must go through each and every detail of the education loan and should be clear about terms and conditions to avoid problems at the time of repayment.

Various Significant Components That Should Be Considered When Getting Student Loan

When you are young, during your early ages, you wonder of endless possibilities and dream the impossible. For some, these dreams haunt them when they grow up and lead them to live their lives and for some, these dreams end up as mere dreams. The only difference it takes to make the coin flip is the hard work that you put into it. Most of these dreams turn out to be career choices that compel you to make choices for your future. And when the matter is to make your dreams a reality, more is less and efforts are what fuel the motive ahead. Taking chances and trudging along the path with caution becomes crucial as the life unfolds and you step in the real world, riddled with serious difficulties that stand in your way.

Career choices are often the most difficult ones to make. They come bundled with a price tag and the price runs high if the student is aiming for an international degree for tertiary education. In such critical times, education loans become the hour of the need to ease off the financial pressure. And while one decides to opt for a student loan, he should consider all possible vantage points and loopholes that he can encounter during and/or after the years of education. To understand the risks involved, the student should necessarily fill out all the important documents and read carefully every single terms and conditions listed in them. Carefully interpreting and understanding the loan criteria, helps the student to develop a good grasp of their responsibilities towards the lender. Once achieved, the next part is to understand the components involved in the desired educational loan.

You must understand that student loan - or any kind of loan in that case - is just borrowed money that one has to pay back eventually, with some added interest. Hence you should always remember; whatever you borrow you have to pay back, so only borrow what you need. Next valuable thing is to know what type of loan will be suitable for your needs.Education loan can be borrowed in three parts:

1. Compulsory fees: This covers the essential fee structure demanded by the university that includes tuition fee, admission fees and other compulsory fees that are related to the course.

2. Living costs: This looks after your living costs. If you are living abroad, not at some relative’s place, the living costs will help you manage your rent and fund your other expenses.

3. Course related expenses: This includes books, essential computers and technological tools, travel expenses and student association fees. It will help you to efficiently complete the selected course without any major hindrances.

Before leaping on the above three benefits, you should stop and reflect on your needs. If your personal funds or any other repository is able to take care of any of the above expenses, you should immediately opt out of the education loan. It is advisable to enroll for only what is needed because seeking more aid implies paying more interest. Only when you have considered all the important components and legal procedures carefully, should you make a concrete decision for your student loan amount.

Source: http://goarticles.com/article/Various-Significant-Components-That-Should-Be-Considered-When-Getting-Student-Loan/7861399/

Education Loan Repayment Tips

Timely education loan repayment is extremely important to keep your credit rating good and avoid extra interest costs. Meticulous planning is extremely necessary to repay the education loans faster. Students who have taken an education loan should compulsorily plan to save more every month after getting a job, so he/she collects corpus in order to pay loan faster. Education loan in India has a 5-7 years repayment period, so the installments are not that high and can be paid easily. Let’s take a look at some tips that can help you pay education loans faster.

Using the moratorium period:
The education loan repayment does not start immediately. Banks levy simple interest on student loans during the moratorium period and course of study. The amounts add up and increase the debt burden. You can pay the interest levied on the principal amount during the moratorium period. Paying interest during the course of study will lower the repayment installments after the moratorium period is over.

Get a job:
Waiting for your dream job is not always a good idea. The employment scenario changes with the economy. An economy slump causes losses of thousands of jobs and it may take long time to get a suitable opportunity. Therefore, you should judge the scenario and take up some job until you get your dream job. Having some job is better than not having one, especially when you have an education loan to repay. Take up job even if it is in sales, there are several things to learn and your experience will grow with every day you spend on a job. Besides having a job also means you will be able to pay education loan repayments on time and clear off the debt early.

If you are finding it difficult to find a good job after completing your higher education or the education loan repayment installment is high, you can consider refinancing your education loan or restructuring it by approaching the bank. Many banks will agree to refinance the loan if the employment market is downward during the repayment period.