Everyone wants to pursue education from their dream college. But a  very few can fulfil their dreams. A few stop due to the eligibility criteria, and some because of the finances. But do not worry, now you can fund abroad studies. The article lists the ways to finance your studies in your dream destination by study abroad consultants Indore. Scroll to know the suitable funding type.

5 Ways to Arrange Funds for Overseas Education

The dreams of the students can come true if they want to work hard towards them. The idea of moving out of the country is as exciting as it sounds. But one thing that stops is the costs that are involved from starting the process to securing the degree. There are many ways to fund abroad studies. A few of them are here.

Scholarships

It can be a great way to finance the fees and living expenses abroad. Many opportunities are available for students who are good at studies and those in need. The universities and government have schemes where you secure the coverage of either tuition fees or living expenses, and sometimes both

If you are looking forward to studying in the UK, then a master’s program would be worth it. The maximum funding of the UK is towards the PG courses. However, Germany and the USA provide scholarships for UG and PG programs. A few of the common scholarships that are open for securing are

• Tata Scholarships
• GREAT scholarships
• Hornby Scholarships
• Golden Key Scholarships
• Chevening Scholarships

Loans

Loans are the compromise that few students have to make in order to complete their higher studies. The help that you get from banks or other institutes requires you to pay the money back after a certain time with interest. Sometimes, it feels like a burden, but you need to be positive, work hard, grab your degree and start the repayment.

Most of the students prefer bank loans to fund abroad studies. However, some countries offer incentives to encourage overseas students. Nations like Brazil offer free higher education, whereas countries like Austria, Czech Republic, Sweden, Iceland and Greece offer free tuition fees for foreign scholars in their public universities.

Part-Time Work

This option seems obvious but students tend to forget it easily. It is usually manageable to work with studies, at least a part-time job. The type of work that you do completely depends on your visa. So research properly and make sure of what work you do. For example, students with a J1 study visa can only work on campus for 20 hours a week

The part-time work will of course not cover your tuition fees but you can afford a few of your living costs. Moreover, you can make a list of the work that you can do in the foreign land along with the companies which you can apply for. So Indories, you can take help from study abroad consultants Indore to know about the visa and the part-time work.

Exchange Programs

One of the easiest ways to study abroad is to enrol in exchange programs at your home universities. It is a pocket-friendly way of securing the valuable experience of being an overseas student. However, they depend on the links of your home university and the abroad institutes

AFS Intercultural Programs can offer to study in France, but you need to think beyond Paris. Similarly, ERASMUS is a well-known program for European Union countries. However, the colleges of the States also have good links for semesters and years abroad. 

Sponsorship

There are chances of securing a fee sponsor for your abroad destination. It depends on the degree or specialization that you are pursuing. There are three kinds of sponsorships that you can secure:

• Corporate Sponsorship– In this, the company you work for pays your fees. In return, you either work for them or carry the work with your studies. This depends on many factors, and you have to approach and find out if this is possible.
• Sponsored Degree– It has a full-time degree, paid work experience and reduced tuition fee. Every company has a different name for it. Some call it a school leaver programme while some title it a scholarship scheme. Since it is a common way to recruit a workforce, you work with them for a certain time.
• Company Scholarship – This kind of sponsorship by the company includes additional work experience and mentoring. Some brands fund abroad studieseven if you do not work there. For instance, in 2020 Taco Bell called applicants to submit a 30-second to 2-minute video. In that, you have to answer questions about college and career. The awards were between $5,000 to $25,000.

Conclusion

So Indories, now you have an idea to clear your way to overseas education. If you want to secure any of these ways, you must visit the experts of study abroad Indore. Many agencies may help you, but it is on you what you choose and how they help you. Besides these five ways, there are many things to look at. So, research and decide after looking at each aspect of it. We wish you luck on your journey.