Scholarship for study abroad

Scholarships are competitive and awarded to the most deserving students. At the graduate level you can get funding in the form of graduate assistant ships where you work or research with professors. In exchange you will get your entire tuition fees waived off and get a monthly stipend to cover your living expenses. Naturally, such awards are very competitive. Universities abroad consider various factors such as previous academics, entrance test scores, work experience, application documents and so on while assessing an application for admission and scholarships; hence, it is imperative to have a well rounded outstanding profile before you apply.Students, who are financially weak but keen on studying abroad, can avail of funding resources such as need based grants from universities, grants from trusts and bank loans. Remember, not every university gives financial aid and hence you should check the financial aid regulations before you apply to universities.

Additionally, in India you can consider approaching various trusts such as Lady Meherbai D. Tata Education Trust, Aga Khan Foundation, Jawaharlal Nehru Memorial trust scholarships and Nanabhoy Jejeebhoy Charity Trust which offer loan and grants to students seeking education abroad. Please contact these individual institutes for further details.For loans, most Indian banks now provide up to 20 lacs education loan and some state banks will offer you a certain amount of the loan (generally 7.5 lacs) without any collateral or security and offer good interest rates as well. Please contact individual banks to get an idea. Besides, you can even contact private financial services such as Credila that can cover almost all of your expenses at good interest rates and pay back modes. Having said this it is best to plan the finances well, before you make any decision.