Study loan for New Zealand has come across as the most important query among banks offering education loan abroad. There are several universities in New Zealand, while the well-known ones are eight in number. All these universities offer a top-notch, internationally recognized knowledge base and education across diverse sectors. In the past few years, New Zealand universities have started attracting more attention among international students of different cultures and backgrounds. What makes New Zealand a favourable study abroad destination is its comparatively lower cost of living, while offering reasonably par excellence education. Per se the location comes with its own scenic beauty and safety of citizens along with international students, which makes it A-rated among students.
Cost of
studying in New Zealand
Like any other college in a different country, New Zealand universities require you to pay tuition fee, hostel fee, and costs of books. There can be additional costs that are applicable to each college or university. You must check this with your education counsellor. The tuition fee and structure may also vary from college to college but all gets covered under study loan for New Zealand. Generally, bachelor’s course in New Zealand runs anywhere between $11,000 to $23,000 (US Dollars). This will largely depend upon your area of specialization. The cost of specialized degrees could be more or may be less, depending on which stream you choose. Here are some common ones-
1. Bachelor’s degree in Veterinary Science- $19,000 to $40,000 (NZ Dollars)
2. Bachelor’s degree in Law- $17,500 to $36,000 NZ Dollars)
3. Medical degree- $35,000 to $50,000 (NZ Dollars)
4. MBA - $17,000 to $50,000 (NZ Dollars)
To manage this high cost of education in New Zealand, students opt for study loan for New Zealand. Apart from that, prominent costs also involve a student visa. Comparatively, student visa in New Zealand is cheaper than the U.S. or Canada. All banks and Financial Institutions offer study loans for s New Zealand. However, the embassy only accepts loan Sanction letter of Nationalised Banks. In case the student is looking at Study loan for New Zealand mostly he/ she would have to provide Collateral for his studies abroad. One thing is positive that banks / Financial institutions do not differentiate interest and principle based on STEM/ NON STEM as stay back for all kind of courses is similar in New Zealand.
Eduloans offers quick and easy education loan for study abroad processes to all students willing to go abroad for education. Dedicated professional education experts available for students counseling makes it simpler to process loan application altogether. We would be understanding your eligibility and guiding you on the best education loan option abroad. We as well would look at your requirements from the VISA angle and look at various financing options for study loan for New Zealand.
