Financial Aid & Scholarships

Educational funding is key point to consider with regard to students applying overseas. Careful planning is actually both necessary as well as wise.

Foreign nationals have to show proof associated with sufficient fundsto cover a minimum of the first year of the college education to obtain a student visa. To compare the entire cost of studying in a variety of countries, check away Cost of Education The responsibility of securing necessary funding could be challenging, and occasionally frustrating. Your savings (or even your family's) could be the only reliable supply of funding you have while you begin your plan of studies overseas.

Important: University funding is simpler to get in the USA than in UK, Canada, Sydney or New Zealand. Most students who visit Australia and UK are personal funded students.

We list here the different options for funding your education overseas:

Sources In India

Bank Loans | Trust Loans | Fellowships
Sources In Pakistan HEC Scholarships for Higher Eduction | British Council Scholarships | Other Sources
Sources in U.S.A. University Funding
Sources in Canada University Funding

How to Find the Money to Pay for College

A mechanism has also emerged to overcome one of the major obstacles to studying abroad: its cost. In countries with a private educational system, the fee costs, directly charged to the student, can be considerable, which is one obstacle to exchanges.

Students always experience difficulties when faced with actually making tuition payments has been exacerbated in recent years by a struggling economy. Even as stock portfolios took a big hit, colleges and universities confronted with depressed endowments, rising energy and health insurance costs, and shrinking state support have been sharply jacking up tuition.

In recent years, four out of five U.S. undergrads have attended public universities, and only 8.4 percent have paid $24,000 or more a year in tuition and fees. The upshot is that almost 70 percent of undergrads have paid less than $8,000 in tuition annually.

Sources in India

Bank Loans

State Financial institution of India, Financial institution of India, Andhara Financial institution, Syndicate Bank as well as Canara Bank and several other banks possess educational loan strategies which extend from schooling to advanced studies. The amount differs based on the course. Banks give financing for studying overseas which is up to Rs. 10 lakhs.
These loans are susceptible to many conditions and terms. Apart from being merely a partial loan - a minimum of 25% of the entire course expenditure will be paid by the parents from the student. The candidate needs to provide security for that loan he will get. It can be as a house home loan, NSE shares or insurance plan. Security for financing of upto Rs. 25,000 is nil however for a loan associated with over Rs. 25,000 to Rs. 3 lakhs, it's 100%. For financing of Rs. 3 lakhs in order to Rs. 5 Lakhs, the security to become provided is 150 % which is 200% for financing of over Rs. 5 lakhs.
Nevertheless the banks do not really give these financial loans to anyone who applies on their behalf. The first situation is that admission ought to be confirmed. Secondly, loans aren't given for communication courses. And third, the past academic record from the loan seeker also needs to be satisfactory.


Anyone who fulfills these conditions is entitled to an educational mortgage which covers program fees, hostel costs, cost of publications, equipment, and one of the ways fare to the area of study when the parents of the candidate don't live there Repayment needs to start 6 months following the completion of the actual course or when the person gets employment immediately after finishing the course, one-month after obtaining the job. The maximum time given for that repayment is 15 years counted in the date of the very first disbursement.


Trust Loans

Loans from trusts have low rates of interest (2-4 percent), or are interest free. Some of the most well known trusts are listed below:

  1. J.N. Tata Endowment:

    Low-Interest loans of Rs. 50,000 to Rs. 2 lakhs, and grant of Rs. 25,000 to Rs. 50,000, for several disciplines. Completed application forms must reach by 25th February of the year of award.
    For more details and application form, write to:
    The Director,
    J.N. Tata Endowment,
    Bombay House,
    24 Homi ModyStreet,

  2. K.C. Mahindra Education Trust:

    Upto Rs. 65,000, for postgraduate studies in various disciplines. Forms must be requested before 28th February of the year of award and completed forms must reach by 31st March of the year of award.
    For more details and application form, write to:
    The Managing Trustee,
    K.C. Mahindra Education Trust,
    Cecil Court,
    Mahakavi Bhushan Marg,

  3. Mariwala Trust:

    Upto Rs. 50,000 interest free, for postgraduate studies in several disciplines. Application forms must be requested before 1st March of the year of award and completed forms must reach by 30th April of the year of award.
    For more details and application form, write to:
    The Managing Trustee,
    Mariwala CharityTrust,
    409 Shah and Nahar Industrial Estate,
    Dr. E. Moses Road, Worli Naka,
    Tel: (022) 4938307 Fax: (022) 4974704

  4. R.D. Sethna Scholarship Fund:

    An amount of Rs. 20,000 to Rs. 50,000 at 2 percent annual interest for undergraduate and postgraduate studies in science, technology, commerce and education. Completed application forms must reach by 31st May of the year of award.
    For more details and application form, write to:
    The Chief Executive
    R.D. Sethna Scholarship Fund,
    Esplanade House,
    29 Hazarimal Somani Marg, Fort,

  5. Sahu Jain Trust:

    The trust offers loan scholarships for higher studies in India as well as abroad.
    For more details, write to:
    The Secretary
    Sahu Jain Trust,
    4th Floor, Times House 7,
    Bahadur Shah Zafar Marg,
    New Delhi -110002


Fellowships are very popular, and securing one is a very difficult because of the serious competition. A few important ones are listed here:

  1. AT&T Leadership Awards (For U.S. only):

    U.S. $ 5,000 awards for the students from the Asia-Pacific region going to the U.S. for study in any discipline. Applications must reach the programme’s Malaysia office by 15th September. Decisions are announced by 31st December.
    For more details and application form, write to USEFI or email or fax at (886) 2-2715-7013 (attn: AT&T Leadership Award)
    Rotary Ambassadorial Scholarships:

  2. The scholarship amount goes upto U.S. $ 23,000 for studies in any subject and any country.
    For any information, contact any Rotary Club office or write to:
    The Scholarships Programme,
    Rotary Foundation,
    Rotary International, One Rotary Centre,
    1560 Sherman Avenue,
    Evanston, Illinois, U.S.A.

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