@Myra-Chowdhury-0

Hey Myra,
Student bursaries offer free money that one does not need to repay. Students who might otherwise find it challenging to finish university studies are presented with bursaries. It does not always imply that financial need is the only consideration when awarding bursaries. Sometimes their goal is to persuade specific student populations to pursue higher education in general or a particular subject.

Although it can be confusing because sometimes one can use the phrases scholarships, grants, and bursaries interchangeably, they are all the free money that one does not need to repay. The word “grant” is used in the dictionary to clarify what the term ‘bursary’ means. Therefore, there is no distinction between the two terms.

What’s the difference between a bursary and a scholarship?

The phrases ‘bursary’ and ‘scholarship’ are synonymous in universities. However, there is usually one distinction-

Scholarships are likely to be competitive, with affluent benefactors frequently supporting them. Bursaries are often automatic, non-competitive, and determined by financial necessity. You can also refer to them as ‘awards.’

Do you need help with your finances? Feel free to reach out to us at Email- info@ischoolconnect.com Phone +91 9145332283

@Jay-Shetty

Hey Jay,
The student hardship fund offers limited financial assistance to students who are experiencing financial difficulties and cannot manage basic living expenses and those who have encountered unexpected occurrences or changes in their financial circumstances. Applying for the fund is straightforward and can be done entirely online.

Universities provide the student hardship fund (SHF) to help students experiencing genuine and unavoidable financial difficulties and struggling with living costs.

Your university or college decides the amount you can get, which will either be paid in a lump sum or in installments.

For further assistance with applying for scholarships or other finances, feel free to reach out to us Email- info@ischoolconnect.com Phone +91 9145332283

Hey Shruti!

Schwarzman Scholars is a scholarship program for outstanding students from the U.S. and China. It was established in 2010 by Dr. Stephen A. Schwarzman, Chairman, CEO, and Co-Founder of Blackstone Group L.P., who serves as the Honorary Chairman of Schwarzman Scholars at Tsinghua University in Beijing, China.

Approximately 50 scholars are admitted into the program to study together for one year at Tsinghua University under a curriculum. The design allows them to explore issues related broadly to economic development and global policy. While also exploring their interests in depth through independent research projects on topics chosen by each scholar based on their interests, strengths, and career aspirations.

Schwarzman Scholars aims to develop future leaders who are intellectually brilliant. It helps them to build new networks among peers from around the world while living in China.

Read about all these points in detail here: Top 8 academic scholarships available today

If you still need help choosing the right country for you, our study abroad experts can help. Reach out to them at +91 9145332283 or info@ischoolconnect.com.

Hey Manas!

This scholarship offers you professional and intellectual growth, along with networking opportunities across the globe, and experience of the cultural diversities in the UK. It also helps you experience UK’s rapidly flourishing arts and entertainment scene. Furthermore, the UK is home to several of the world’s greatest institutions, and it is a significant advantage to be taught by professors who have written various books on the course you are pursuing. However, for many, the ambition of studying in the UK appears out of reach due to the high expense of international student tuition and housing. And this is where the Chevening Scholarship comes in, helping you make your study abroad dreams come true.

Read about all these points in detail here: Chevening Scholarship | 9 Important things you need to know!

If you still need help choosing the right country for you, our study abroad experts can help. Reach out to them at +91 9145332283 or info@ischoolconnect.com.

Hey Natasha!

To gain a Chevening Scholarship, you must adhere to the following eligibility criteria-

You should be a citizen of a ‘Chevening Scholarship eligible’ country. You should have at least two years of work experience to apply for a Chevening UK Scholarship. By the time you submit your application, you should have completed all components of an undergraduate degree. This will also allow you to secure acceptance into a postgraduate program at a UK university. They require you to apply to three qualifying UK university courses and also acquire an offer from one of these options by July 14, 2022.

Read about all these points in detail here: Chevening Scholarship | 9 Important things you need to know!

If you still need help choosing the right country for you, our study abroad experts can help. Reach out to them at +91 9145332283 or info@ischoolconnect.com.

Hey Robert!

Offered by the American Association of Teachers of French (AATF), this scholarship is specifically for students who wish to become French language teachers in the future. Apart from essentially being a scholarship to learn French, this program financially supports students who otherwise might not be able to afford an education in France.

Grant amount: $2,000 each semester.
Eligibility: You should be at least 18 years of age to be eligible for this scholarship. Besides, you should either be a US citizen or a permanent resident and non-native speaker of the French language.
Additionally, you should be sponsored by an existing member of the AATF.

Read about all these points in detail here: Scholarship in France | Apply for these 10 best scholarships!

If you still need help choosing the right country for you, our study abroad experts can help. Reach out to them at +91 9145332283 or info@ischoolconnect.com.

Hey Manas!

The Chancellor's International Scholarship at the University of Hertfordshire is available for applicants classified as international for fee purposes who have applied and been offered a place to study at the University in September 2022 for the first time. Amounts are variable from £500 up to £4000.

Hey Shruti!

Scholarships and other grants at Yale University are often referred to as gift aid because they do not need to be repaid. Such gift aid falls into one of three categories in the Yale financial aid award:

Yale Scholarship
merit-based scholarships
entitlement grants

U.S. veterans and service members may also choose to use their military education benefits at Yale.

Military Benefits and Financial Aid
VA Education and Training website

Hey Manas!

The Dr. Ambedkar Central Sector Scheme is one of the most popular government education loan schemes in India. The objective of this scheme is to help students belonging to minority communities achieve opportunities for education overseas. The education loans with a 100% subsidy. This allows meritorious students the financial assistance they require. It is important to note, however, that the scheme is only applicable for higher levels of study such as Masters, MPhil, and PhD courses. This is a scheme you can avail yourself once and cannot use again for higher education courses.

If you want to know more about various student loan schemes in India, read: 5 Government Education Loan Schemes to Study Abroad!

If you still need help choosing the right country for you, our study abroad experts can help. Reach out to them at +91 9145332283 or info@ischoolconnect.com.

@pranay_s

Hi Pranay,
Loans are offered by almost all banks and student loan interest rates are relatively lower than other loans. These loans give all students the equal opportunity to get a good education, irrespective of their financial backgrounds.

The student loan interest rate for each bank are different. Most of these loans are federal loans and can range from 3.73% to 6.28% depending on the student’s level of study. Bank of Baroda charges 6.75% over a loan of 20 lakh for a tenure of seven years. Union Bank’s student loan interest rate is 6.8%. For international student loan interest rates, you can consider checking loan and finance companies like Ascent, College Ave, and others.

Keep an eye on the discounts that a bank may offer if you fulfill certain criteria. For further assistance, feel free to get in touch with our study abroad counselors.

@shruti-rai
There is no one right answer to this question. The bank you choose will depend on your personal financial situation. But let’s look at the options you have-

Public banks: Public Sector Banks or PSB’s, like SBI, offer low-interest rates. Apply for a loan here at least 20-25 days in advance. Private banks: The good thing about private banks like HDFC and Axis is that they offer higher amounts of loans than PSB’s for unsecured loans. NBFC’s: NBFC’s are a great option if you want to get an unsecured loan in a very short period of time.

You can read all about getting an education loan here: Education loan for abroad studies

Well, it really depends on your profile
And how much effort you put into your scholarship applicants
But, to start with-

Shortlist which universities you are going to apply to See how much money you’ll have to spend while studying abroad Now that you have this amount in hand, check if your and your parents’ savings are enough to cover more than half of your education expenses Put in an average scholarship amount for those universities
If not, you will be needing an education loan for abroad studies

I think it's best to get one from a bank in the country where you're planning to study...
But it's only possible if you have a relative there

If you have sizeable collateral, go to a public bank
Otherwise, go to an NBFC

They both have their pros and cons-

Collateral loans have a lower interest rate Non-collateral loans give you more time after graduation to start earning Non-collateral loans ask you to pay a simple interest every month during the moratarium period, and more

I've heard that Yale has quite a generous financial aid policy based on your household income
Students with household gross income under $65,000 attend for free

The first thing you need to do is-

Figure out how much studying abroad will cost you How much of that you can pay for yourself Which type of loan is the best for you, collateral or non-collateral Which type of bank to apply to How to apply for a loan

You will find all this information in detail here

Get a loan
I know it sounds like something you want to avoid
But it's usually difficult to pay for your own education without taking a loan
Just make sure you don't get into too much debt

There are several ways of getting student loan forgiveness-

Income-Based Repayment (IBR) Pay As You Earn (PAYE) Faculty Loan Repayment Program, etc.

Check out all these options in detail