Studying abroad is an exciting
yet expensive affair. Most countries, other than the United States, allow
international students to work off campus while studying. In USA Universities,
international students are permitted to work on campus for a maximum of 20
hours per week. While other countries, too, have a similar limitation on the
number of hours, international students are permitted to find jobs off campus
as well. For instance, in Canada colleges, you can apply for a permit that
allows you to work off campus for 20 hours per week during the academic session
and 40 hours per week during vacations. The rules are not very different for
students who wish to study in Universities in UK and Australian Universities.
By working on and off campus, you
can expect to earn sufficient funds for your personal expenses and sometimes
even living expenses. But very rarely will you be able to fund your entire
education from this income.
Students unable to work on or off
campus can always apply for funding from the university itself. Most universities
in the USA and some Canadian Universities and Universities in Australia offer
students graduate assistantships. It is an award which pays for your entire
tuition fee as well as a monthly stipend which helps you take care of your
living expenses. Students who get such assistantships can work as teaching
assistants or research assistants. Assistantships are extremely competitive and
are granted to students with excellent grades and, at times, to those with work
experience.
If you do not land up with Assistantship
or an on- or- off campus job, you can still apply to the university for merit-
or- need based funding. Many Universities in Canada, UK, USA, Australia,
Singapore offer scholarships to students with excellent grades. Such scholarships
are evidently not only competitive but also based on need. Thus, if you can
demonstrate that you actually require the funds, you may have a better chance
at receiving them directly from the university. Such scholarships generally
cover 10 – 75 % of the tuition fee.
Finally if you have no other
choice, you can apply for education loans in India. Several banks offer education
loans of up to 30 lakhs. The interest rate for these loans is around 12 % and
the repayment period starts one year after the completion of the course or six
months after getting a job, whichever happens earlier.
Banks in the US gives loans to
international students for education in the USA without security only if a
citizen or green card holder with good credit history acts as their guanrantor.A good way to fund your education
is a combination of the several options listed here.
If you wish to pursue your
education overseas, make sure that you plan your finances before applying for
admissions. Students will be given free guidance on the entry requirements of
universities worldwide. Information on bank loans will also be provided.
To know more about education in Canada, USA, UK, Australia, Singapore, etc and scholarships, bank loans,
Contact Edwise on 1-800-200-3678 / 08600911333.