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Study Abroad Loan

So, if the fees increase in the third semester, we can increase the Study Abroad Loan amount.<br>http://www.avanse.com/studying-abroad/<br>

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Study Abroad Loan

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  1. Study Abroad Loan

  2. How does a falling rupee affect you?

  3. Be prepared to pay more if travelling abroad or if your child is studying there. Other impacts can be varied. • Your family and you are flying to the US next week on holiday. • Flight tickets and hotel bookings were done in advance. • So, why should the rupee depreciation bother you? • It should because all other expenses, such as sightseeing, local transfers and food will increase as a result of the fall in the rupee.

  4. There are also some advantages of a falling rupee. • Those working abroad will gain, as the same amount they remit will translate into more rupees. • “It looks like the rupee will be in the 64-65 range (to the dollar). • As the rupee tends to be overvalued and exports are not growing much, the Reserve Bank might be willing to let the rupee depreciate,” says MadanSabnavis, chief economist, CARE Ratings. • The immediate impact will be on foreign travel and students studying abroad.

  5. Foreign travel • Europe tours are popular with Indians in the summer months of April to June. • Most people book in October for departures starting in April. • Those who have booked and paid earlier, including the forex component, will not feel much of an impact. • However, travellers who don't pay the forex component in advance might feel the pinch. Usually, travellers pay the deposit and for flight tickets in rupees, in advance.

  6. Foreign education • Students studying abroad also suffer when the rupee falls. • The US, Britain, Canada, Singapore and Australia are popular countries for Indian students. • The university will not offer any leeway in tuition fees. • Students will have to pay the entire amount. • In most cases, you will have to pay before a term starts. • Given the high tuition fees in foreign universities and the cost of living, most students take some loan and pay for the rest by scholarships or taking a part-time job.

  7. So, if the fees increase in the third semester, we can increase the Study Abroad Loan amount,” he advises. • Saxena suggest students going abroad should look for scholarships or part-time jobs like teaching assistantships. • “We find of the Rs 30-35 lakh (Rs 3-3.5 million) required for a foreign university course, students often are able to earn Rs 800,000-10 lakh (Rs 1 million) through part-time jobs, which pay by the hour,” he says. • Source: http://www.rediff.com/business/report/perfin-how-does-a-falling-rupee-affect-you/20150518.htm

  8. https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

  9. Read more on Study Abroad Loan : http://www.avanse.com/studying-abroad/ Thank You..!!!

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