Elan Overseas Education Loan

Many talented students hold back from pursuing higher education in foreign countries because of an insufficient finance. The predominant reason for this is lack of awareness with respect to the funding options for overseas education that are at disposal. There are several Scholarship schemes funded and sanctioned by the Government of India for studying abroad. Also, students can take education loan from the banks. In this article, we’ll try to explore what are the financial aids provided to the Indian students for studying abroad. Scholarships and Fellowships Financial assistance is given to the meritorious students seeking admission in reputed foreign universities and education institutions. The Ministry of Human Resource, (MHRD) India facilitates fellowships awarded by foreign countries like China, South Korea, Israel, Japan, Italy, Mexico, and Sri Lanka to Indian students under Educational Exchange Programmes. A student applying for PhD, master’s or bachelor’s degr

Almost all students and parents prefer to take an education loan to fulfil the financial requirements when it comes to studies abroad. The studies abroad education loan covers course fee, exam fee, cost spent on study material, accommodation charges, insurance, travel expenses and other miscellaneous expenditures as well. Also, it is crucial that parents and students comprehend the technicalities involved in the education loan process, its pros and cons before taking such a big decision. In this article, we will try to understand the kinds of overseas education loan that a student can get from the banks. There are two types, one is the secured education loan and another one is an unsecured education loan. Let’s look at the details one by one. Secured Education Loan - If you are planning to take a loan of 35-45 lakhs for your master’s program or 75 lakhs and above for your under-graduation, then applying for a secured overseas education loan is the right decision.