More and more students are traveling abroad for higher studies. It was not long that students were traveling overseas for post graduate or research study programs. However, of late, it has been observed that Indian students are now migrating to countries like USA, UK, and Australia even for undergraduate academic programs.
Why do students study abroad?
Given below are top 5 identifiable reasons why students migrate overseas for studies-
1. You can take up a combination of subject not available in the country
2. Greater exposure to different culture
3. Better your employment options
4. A foreign degree can add value to your resume
5. Explore educational opportunities
Popular countries and their Education system
As per trends, it has been observed that most of the Indian students travel to US and UK for higher studies. The education system of both the countries is given below in brief.
Education system in UK
In UK, the education system is divided into the following tiers-
· Primary – for students aged between 5 and 11
· Secondary - for students aged between 11 and 16
· Further – comprises A-level,
· Higher – college and university education
Foreign students usually enroll directly into higher education sector.
Education system in USA
USA has the following tiers in education –
· Primary school (1 to grade 5)
· Secondary – class 6 through 12
· Undergraduate school – 2 years degree programs (referred to as associate degree) and bachelor degree (4 years)
· Graduate – Master degree programs
How to prepare for an educational trip abroad
Tips for preparing for an education trip abroad comprises-
· Do a thorough research on the college (you intend to enroll into) and facilities it offers
· Arrange accommodation
· Prepare your papers (passport, student visa, mark sheet, admission proof)
· Assess probable expenses
· Try to travel light
Eligibility for students studying abroad (US)
The eligibility criteria differ from one country to another. If you are planning to travel to US for higher studies, you will need to fulfill the following admission criteria-
· Pass in 10+2 for undergraduate programs
· Qualified 10+2+4 for admission into graduate programs
· Good scores in GMAT/GRE/SAT
· TOEFL -90 plus for post graduate and 80 plus for undergraduate programs
· IELTS- 6.5 plus for post graduate and 6 plus for undergraduate programs
· Letters of recommendation from well known individuals in the relevant field
Education loans for studying abroad
Why do students study abroad?
Given below are top 5 identifiable reasons why students migrate overseas for studies-
1. You can take up a combination of subject not available in the country
2. Greater exposure to different culture
3. Better your employment options
4. A foreign degree can add value to your resume
5. Explore educational opportunities
Popular countries and their Education system
As per trends, it has been observed that most of the Indian students travel to US and UK for higher studies. The education system of both the countries is given below in brief.
Education system in UK
In UK, the education system is divided into the following tiers-
· Primary – for students aged between 5 and 11
· Secondary - for students aged between 11 and 16
· Further – comprises A-level,
· Higher – college and university education
Foreign students usually enroll directly into higher education sector.
Education system in USA
USA has the following tiers in education –
· Primary school (1 to grade 5)
· Secondary – class 6 through 12
· Undergraduate school – 2 years degree programs (referred to as associate degree) and bachelor degree (4 years)
· Graduate – Master degree programs
How to prepare for an educational trip abroad
Tips for preparing for an education trip abroad comprises-
· Do a thorough research on the college (you intend to enroll into) and facilities it offers
· Arrange accommodation
· Prepare your papers (passport, student visa, mark sheet, admission proof)
· Assess probable expenses
· Try to travel light
Eligibility for students studying abroad (US)
The eligibility criteria differ from one country to another. If you are planning to travel to US for higher studies, you will need to fulfill the following admission criteria-
· Pass in 10+2 for undergraduate programs
· Qualified 10+2+4 for admission into graduate programs
· Good scores in GMAT/GRE/SAT
· TOEFL -90 plus for post graduate and 80 plus for undergraduate programs
· IELTS- 6.5 plus for post graduate and 6 plus for undergraduate programs
· Letters of recommendation from well known individuals in the relevant field
Education loans for studying abroad
Educational loans have become popular these days for Indian students traveling abroad. Important aspects of educational loans are given in a tabulated form below-
Qualifying parameters
Requisites
Eligibility
Student should be an Indian, should have qualified in an admission test for studying abroad
Security
No security up to 4 lakhs, between 4 and 7.5- 3rdparty guarantee, above 7.5 lakhs – security proving source of repayment
Documents needed for the loan
Mark sheet, admission proof, last 6 months bank statement, 2 passport size photos, document showing foreign exchange limit, last 2 years income tax assessment paper, detailed course expenses paper
Interest rate
10.75% for up to 4 lakhs, 11.75% for above 4 lakhs
? The repayment period usually ranges between 5 and 7 years. Most of the banks in India do not attract up front charges excluding State Bank of India that requires you to shell out a deposit of 5000 rupees for availing educational loans for higher studies abroad.
Qualifying parameters
Requisites
Eligibility
Student should be an Indian, should have qualified in an admission test for studying abroad
Security
No security up to 4 lakhs, between 4 and 7.5- 3rdparty guarantee, above 7.5 lakhs – security proving source of repayment
Documents needed for the loan
Mark sheet, admission proof, last 6 months bank statement, 2 passport size photos, document showing foreign exchange limit, last 2 years income tax assessment paper, detailed course expenses paper
Interest rate
10.75% for up to 4 lakhs, 11.75% for above 4 lakhs
? The repayment period usually ranges between 5 and 7 years. Most of the banks in India do not attract up front charges excluding State Bank of India that requires you to shell out a deposit of 5000 rupees for availing educational loans for higher studies abroad.
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