Every year, over 8 lakh Indian students travel to foreign nations for higher education, spending approximately $28 billion, almost 1 per cent of the country’s GDP.
Studying abroad at a prestigious university is one of the most common aspirations cherished by students all around the world. Every year, over 8 lakh Indian students travel to foreign nations for higher education, spending approximately $28 billion, almost 1 per cent of the country’s GDP.
While the ambition of studying abroad necessitates some academic preparation, it is also essential to organise the funds ahead of time to avoid last-minute hassles and falling victim to fraud.
Analysing Estimated Costs
If you want to study abroad, you must first find out your area of interest and which country can best facilitate it. The next step is to determine the average cost of living in the country.
Since international education is a significant investment in oneself, there are various elements to consider when evaluating the size of this expense. This will be very helpful while budgeting.
Keeping An Eye Out for Admissions Deadlines
Every country has a season for new students. Fall (September), winter (January), and summer are the three major intake seasons. The month of September is the most popular. You must keep an eye out for application deadlines and organise your money adequately based on the university’s intake preference.
Scholarships, University/Private Grants You Apply For
If you apply for scholarships, university grants, and bursaries on time, you may be able to reduce your financial load. These provisions are generally based on necessity or merit. Several academic institutions even give students partial scholarships to help them continue their studies. You might hunt for a suitable scholarship before or while applying to your preferred college and combine it with your education loan.
Content Courtesy: https://www.financialexpress.com/
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