Elan Overseas Education Loan

The coronavirus pandemic has hit just about everyone in some way or the other. Be it working professionals, students or overseas education aspirants, the pandemic has been hard on everyone. Aspirants who have applied for a foreign education loan to fund their international degree, are now in a dilemma if they can opt for a loan extension or not. In this article, we are going to talk about the extension of an overseas education loan and how is it applicable for both secured overseas education loan and unsecured overseas education loan.  Majority of the international universities have closed for the time being or are recommending students to study one semester online and then move to the university location when things are normal. In such a scenario, students are left with the questions like if they should defer their overseas education loan or what should be done in this scenario. Deferment in Education Loan:  Deferment in an overseas education loan means an extension of an ed...

New Zealand, one of the rapidly growing overseas education destination offers excellent education to the international students at an affordable tuition fee. However, there are few students who finance their higher education in New Zealand with the help of overseas education loan.  The cost of education in New Zealand depends on the course that the student has chosen to pursue. If an aspirant is going for an undergraduate degree, the tuition fee at New Zealand University ranges from $20,500 to $25,000 for a year whereas for a master’s degree, it costs between $19,000 to $29,000. When it comes to an MBA degree, the tuition fee ranges between $31,000 to $50,000.  Apart from the tuition fees, students will be responsible for bearing the cost of living while their stay in New Zealand. The average cost of living in New Zealand falls somewhere between NZ$13,000 to NZ$16,000 for a year.    The New Zealand Embassy accepts two types of overseas education loan for studying in ...

A large number of Indians are opting to study in the United Kingdom as it offers a world-class education system. They apply to the university in the UK and get an offer letter as well but just getting an admit letter is not enough. As even before the tiring overseas education application process, students are required to arrange for funds to finance their overseas degree. While applying at the overseas universities, students are required to showcase a well-structured financial plan. For which, majority of the students apply to avail an education loan for studying in UK . Cost of education in the UK: The tuition fee for a bachelors and a master’s degree in the UK is between 10 to 30 Lakhs per year. This cost entirely depends on the ranking of the university, its location and chosen program. A bachelors and a master’s degree in the United Kingdom is of three and two years respectively. The duration of a master’s degree is quite flexible. Know the Eligibility Criteria to Apply for an Educ...