Tuesday, August 25, 2020

Why Study in the USA: The American Dream

 Studying in the USA has been a dream of many Indian students studying in the USA has been a dream for thousands of Indian students who wish to curate a potential career for themselves. As per the recent report by the QS university rankings, the USA is the leading country known for its quality education, offering various options to choose according to the student’s academic and cultural preferences. Let us read about some reasons why you should choose to study in the U.S.:

1. World-renowned Academia

The USA is blessed with more than 4000 universities that offer a spectrum of degrees and courses in various academic fields. US degrees are accepted and recognized around the world for their excellence. Some of the subjects that are the most popular among the 10 lakh+ international students studying in the US in 2016:

Field of Study

% of international students pursuing

% of Indian students pursuing

Engineering

20.8

36

Business & Management

19.2

10.3

Maths & Computer Science

13.6

34.9

Social Sciences

7.8

2.2

Physical & Life Sciences

7.2

6.3

Fine & Applied Arts

5.7

1.6

Intensive English

3.9

0.3

Health & Allied Sciences

3.3

2.9

Communications/ Journalism

2.0

 

Education

1.9

0.3

Humanities

1.7

0.3

Legal studies/ Law

1.4

 

Agriculture

1.2

 

2. Academic Flexibility

The American education system provides flexible options to international students and they can choose different courses before they declare their choice for major subjects at the end of second year. Also, universities consider providing scholarships to potential students who are looking for an education loan in the USA or for other financial assistance.  The bachelor's degree requires around 110- 220 credits whereas the Master's degree required between 30 to 36 credits. Education loan for USA structure around the amount of credits multiplied by the amount the university charges For credit. Education loan for USA hence need to be very flexible depending on the number of subjects the student takes per semester.

3. Career Opportunities

An international degree, especially from the USA opens up a wide range of career opportunities and widens the scope even further. Because of the varied insight into different fields of study offered by USA institutes and colleges, students can broaden the scope of the career path and get a prominent job in international companies, which further makes it easier to repay their education loan in USA. The USA has the highest salaries globally. When you take an education loan for USA you are able to repay the loan within the first 2/3 years of working the amount of money you make in the US will be more than sufficient to finance your studies through an education loan.

4. Research and Training opportunities

U.S. universities offer significant research and training opportunities to the international students at the graduate and undergraduate level. Students can assist their Professors by being a Teaching Assistant which also helps in funding their studies and broadening their knowledge and skill set. You can also assist professors with research on varied projects and get an opportunity to work with the best in their chosen field of study. US universities are often sponsored by the federal government. They offer a lot of opportunities for research by professors. The professors employ international students in the form of a research assistant or teaching assistant. These are generally paid wherein the requirement of an education loan for USA is substantially reduced. Students can look to avail this mostly from semester two and can keep it till graduation.

The Bottom Line!

Eduloans, for years, has helped millions of students to move to the USA for their higher studies and get a compatible education loan in the USA with ease. We match the most convenient lender based on your eligibility, cost, and convenience. We have over 10,000 students on our platform looking to study loans abroad. We have a team of dedicated counselors who are available 24*7 to help you get the best interest rates for your profile. So hurry up and call us today or register on our website.

Wednesday, April 22, 2020

What’s the Eligibility Criteria to Apply for Education Loan to Study Abroad?


Education Loan to Study Abroad


Studying abroad can be a life-altering the decision, but it doesn't come easy, those who want to pursue higher studies overseas may find it difficult to arrange funds. That's why they will choose a study loan abroad. In this post, we will cover the eligibility criteria to apply for an overseas education loan. 

Eligibility criteria to apply for education loan to study abroad


The first thing is to check whether you are eligible to apply a study loan for abroad or not. Here are the usual criteria which Indian banks follow for checking the eligibility of the applicant for an overseas education loan is:

  • Should be a citizen of India
  • Must be 18 years else his/her parents will have to take the study loan for abroad
  • Must have an excellent academic background
  • Must have secured admission to a recognized foreign university/college/institute
  • The desired course chosen by the applicant must be a technical or professional one because banks give preference to job-oriented ones

What are the documents needed to apply for an education loan to study abroad?


Before applying for a study loan for abroad, the applicant must be completely aware of the documents needed for the loan application. The following documents are required to get an overseas education loan:

  • Filled application form
  • Applicant and the co-applicants photo ID, it can be a driving license, PAN card, Aadhar Card, Voter ID card, or Passport.
  • Applicant and the co-applicants passport size photographs
  • Academic documents:
·         Mark sheet and certificates of the applicant
·         Mark sheet of GRE, GMAT, TOEFL, IELTS, etc. whichever is applicable

  • Applicant and the co-applicant’s resident proof
  • Proof of Admission Letter shared by the university or college.
  • Bank statements of the last six months of the co-applicant
  • Income proof of the co-applicant