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Tata Capital > Blog > How to Plan for a Higher Education Abroad

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How to Plan for a Higher Education Abroad

How to Plan for a Higher Education Abroad

Pursuing your higher education abroad is exciting for all the right reasons – new culture, travel experiences, socialising, and much more! However, you must plan for many things to get everything right before you actually fly out. Colleges, courses, expenses, and motive are some of the things you need to consider.

So, if you want help with your planning, here’s a study abroad roadmap for you.

Step 1: The why, when, and where of studying abroad

Perhaps the most essential step in planning your study abroad is to ask yourself why. Most students go overseas for better education quality, personality development, and the flexibility of choosing courses. But everyone’s not the same. So, weigh the advantages and disadvantages before you decide to go for overseas education.

If you have already decided, the next thing you must choose is the semester and the country. In some countries like the USA, one can start their higher education in spring (January) or fall (August/September). However, in other countries like UK, Australia, or Canada, they also feature summer and winter intakes.

Therefore, it would be best if you shortlisted colleges beforehand. You can make a list of universities offering the course of your interest, and choose the best one among them.

Additional Read: Are Education Loans Tax Deductible?

Step 2: Exams and applications

The next step is to prepare and appear for the relevant exams. For the USA, you need to appear for GRE and TOEFL/IELTS. European countries and Australian countries don’t require a GRE score, and instead, look at your undergraduate performance during admission. Try to finish the exams as soon as possible, so that you can start applying early. If you’re applying for a college in a country like Germany, you need to learn the German language and pass the language test.

Before applying, make sure you have all the paperwork sorted. Start writing your statement of purpose and letters of recommendation early and collect all the transcripts from your college. Besides, If you’re looking to finance your education using a loan, start looking for education loans early on to land a lucrative loan offer.

Additional Read: Planning to Study Abroad? Follow these Steps to Take a Personal Loan

Step 3: Expenses

Overseas education is a lot more expensive than Indian education. Besides the exorbitant tuition fee, you will also need to think about the living costs, which are typically high. Other expenses like books and rent need to be considered as well. One way to reduce the expenses is to apply for scholarships. However, only a few students receive them.

In such a case, the best thing to do is to go for education finance. Today, many lenders provide affordable personal loan for education at competitive personal loan interest rates. These loans not only cover your tuition fees but your living expenses, flight costs, medical test costs, and visa expenses as well. Just make sure to check your education loan eligibility before applying for a smooth borrowing experience.

Over to you

Planning to finance your overseas education using a loan? Well, Tata Capital can help you out! Our student loans can finance your abroad education dreams swiftly with our quick disbursals, competitive student loan interest rates, and flexible repayments.

Fund your overseas education by opting for our loans today!

Apply Now

Add wings to your dream. Apply for an Education loan!

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