Aditya Ghatmale
on 22 March, 2017

Methods to fund your education





Everybody loves to begin their ‘Foreign Trips’ by taking admissions for Higher Education in their beloved country. But, the first thought to study abroad doesn’t give you a detailed analysis of how your bank balance is going to get disturbed. Well! Don’t just get tensed your dreams now, read on as following are some helpful tips for you to help fund your education while keeping a balanced financial status.

First of all, choose a university and visit their website. You will find a section named ‘financial aid and grant’ click on that and hope for the best percentile of discount they give you on your education’s fee. Usually every university is funded by government in one or another way through which the university somehow has to get in loop with the government and approve some grant for their students. Usually at an extent university provides as much as 40% of your tuition fee as grant which is a huge amount of money. To avail this grant one must need to fill in an application on website at the time of taking admissions online. The grants may vary from your previous year’s score or exams the university itself conduct to decide the amount of grant to be given to you. Luckily if you choose a university which is completely funded by government then you might just get 70% off on your education.

Scholarships! A word everyone has grown up with. If you love a specific institution and the grant accepted for you in not satisfying, then you can apply for a scholarship. Scholarships are tests conducted by the university for their interested students based on which the university provides a sum of amount depending on your score and that amount is deducted from your total tuition fee. Seems legit to everyone? It’s a criteria followed by almost 95% of universities abroad and can really help you save up on a big sum, but, only if you study well for its exam.

Now suppose, unfortunately if you don’t get Government grant and scholarship both, then what? Don’t just lose hopes. The google search you did of “Best university in USA” and “Tomorrowland 2017” won’t go to waste. The third best option that works out for everyone is students loan. Government loans, as widely offered in the United States and several other western nations, are generally reserved for financial based need. These loans often have a lower interest rate and sometimes no interest rate at all and terms that are more easily manageable to comply with following employment. Private loans are offered through banks. These loans do not typically have strict qualification recommendations and are widely available for anyone who has an interest in pursuing a higher education and needs financial support to do so. But it would be advised that you contact the school that you will be attending during the process of securing a student loan. Financial aid officers usually will help you through this process.

Each of these forms of financial aid are generally delivered straight to the University that you will be attending, so you won’t have to worry about waiting to receive funds and then transferring it from your bank account to your school. Often, scholarships and grants can provide additional funds to help students manage living expenses while focusing on school. These costs will depend on the cost of living where you are studying so choose a wiser and safer place that takes care of your finance and security needs.

At least one of these three options will work for you, so click on “Apply Now” on your university website and book your “Macbook” right now. All the best.

Image Credits:Pixabay.com


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