Make Studying Abroad a Reality with Smart Financial Planning
Studying abroad is a dream for many students, offering global exposure, quality education, and better career prospects. However, the cost of tuition, living expenses, and travel can be overwhelming. The good news? With the right financial planning, education loans, and scholarships, this dream can become a reality.
At Hari Educational Consultancy, we guide students and parents through every step of financing international education—helping them secure loans, scholarships, and financial aid to ease the burden.
Understanding the Cost of Studying Abroad
Before planning, it’s crucial to understand the major expenses:
💰 Tuition Fees – Varies by country and university. (Example: USA – $20,000 to $50,000 per year, UK – £10,000 to £40,000 per year)
🏠 Living Expenses – Accommodation, food, transport, and healthcare can cost between $8,000 to $20,000 per year, depending on the country.
📚 Other Costs – Visa fees, flight tickets, books, and personal expenses add to the budget.
Proper financial planning can help manage these expenses effectively.
Funding Options for Studying Abroad
1. Education Loans – Invest in Your Child’s Future
Education loans are a great way to finance higher studies without burdening family savings. Here’s how they work:
✔ Types of Education Loans – Secured (with collateral) & Unsecured (without collateral)
✔ Loan Amount – Up to ₹1.5 crore depending on the course and university
✔ Interest Rates – Ranges between 8% to 12% per annum (varies by bank)
✔ Repayment – Starts 6 months to 1 year after course completion
Top Banks & Financial Institutions Offering Study Abroad Loans:
🏦 State Bank of India (SBI) – Global Ed-Vantage Loan
🏦 HDFC Credila – Custom education loan plans
🏦 Axis Bank & ICICI Bank – Loans up to ₹1 crore
🏦 NBFCs (Non-Banking Financial Companies) – Quick approval for higher amounts
✅ Pro Tip: Apply early and compare interest rates to get the best deal!
2. Scholarships – Reduce Your Education Cost
Many universities and organizations offer merit-based and need-based scholarships to international students. Some top options include:
🏆 Fulbright-Nehru Scholarships (USA) – Covers tuition, living, and travel expenses
🏆 Commonwealth Scholarships (UK) – Fully funded scholarships for postgraduate students
🏆 Erasmus+ Scholarships (Europe) – Available for master’s and Ph.D. students
🏆 DAAD Scholarships (Germany) – Tuition-free education and living expense coverage
🏆 University-Specific Scholarships – Many top universities offer tuition fee waivers and stipends for exceptional students
✅ Pro Tip: Apply for multiple scholarships to increase your chances of funding your studies.
3. Part-Time Work & Financial Aid
Many countries allow international students to work part-time while studying:
💼 USA & Canada – 20 hours/week (on-campus and off-campus options)
💼 UK & Australia – Up to 20 hours/week during semesters, full-time in vacations
💼 Germany – 120 full days or 240 half days per year
Some universities also offer teaching assistantships and research positions that provide stipends.
Smart Financial Planning Tips
📌 Start Early – Research universities, tuition fees, and funding options at least 1-2 years in advance
📌 Create a Budget – Estimate total expenses and plan finances accordingly
📌 Apply for Loans & Scholarships Together – A combination of both reduces the financial burden
📌 Consider Low-Cost Study Destinations – Germany, Norway, and France offer affordable or tuition-free education
📌 Open an International Student Bank Account – Helps in managing funds and transactions abroad
Hari Educational Consultancy – Your Trusted Guide in Study Abroad Financing
At Hari Educational Consultancy, we provide end-to-end financial guidance to help students and parents plan their child’s education abroad. Our services include:
✔ Education Loan Assistance – Helping you find the best loan options
✔ Scholarship Guidance – Identifying and applying for suitable scholarships
✔ Financial Planning Support – Creating a budget and funding strategy
✔ Visa & Pre-Departure Assistance – Ensuring a smooth transition to studying abroad
Let’s Make Your Study Abroad Dream a Reality!
📞 Call us: +91 9966581787
🌐 Visit: www.harieducationalconsultancy.com
📢 Invest in your child’s future today—start planning for their global education!