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The finance formula: How to manage finances while studying abroad

Finally, if you have no other choice, you can apply for Student Loans in India. Several state banks offer education loans of up to Rs 30,00,000.

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The finance formula: How to manage finances while studying abroad

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  1. Student loans in India

  2. The finance formula: How to manage finances while studying abroad

  3. 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 the US, international students are permitted to work on campus for a maximum of 20 hours per week. • For instance, in Canada, 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.

  4. GRADUATE ASSISTANT SHIPS • Students unable to work on or off campus can always apply for funding from the university itself. Most universities in the US and some in Canada and Australia offer students graduate assistant ships (GAs). A GA 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 assistant ships can work as teaching assistants (TAs) or research assistants (RAs).

  5. NEED-BASED FUNDING • If you do not land up with a GA or an on- or off-campus job, you can still apply to the university for merit- or need based funding. Many universities 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.

  6. EDUCATION LOANS • Finally, if you have no other choice, you can apply for Student loans in India. • Several state banks offer education loans of up to Rs 30,00,000. • The loan must be paid within 12 years. The security required to obtain it is usually around 115% of the loan amount. • Source: (http://www.avanse.com/blog/the-finance-formula-how-to-manage-finances-while-studying-abroad/)

  7. 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

  8. Read more on Loan : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

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