Everyday students from all walks of life approach us for their career guidance. eduCORP has an excellent team members who have worked and lived abroad and have vast industrial experience. Our team would extend counselling to the students after taking into consideration of various factors like their Education background, Experience, Career goal, Inherent talents, Student’s preference and their Financial limitations. We guide them to study, work and settle in over 18 countries like UK, Singapore, USA, Australia, Canada, New Zealand, Switzerland, Germany, Malaysia, Dubai, France, Germany, Ireland and other European countries. Our team will assist from application process to visa process and beyond. We extend Free and personalised services through our counsellors who are well trained to execute their service as per the standard set by eduCORP.
eduCORP closely works with 100 plus Universities and Colleges in 18+ countries. Each country will have its own immigration policy, Visa and Entry requirement. Similarly each country will have their shortage of Skills requirement. Job market requirements for various fields will differ from country to country. Considering their factors for their future job prospects and course availability, fees, entry requirement, etc. We help the candidates to choose the right country among UK, Singapore, USA, Australia, Canada, New Zealand, Switzerland, Germany, Malaysia, Dubai, France, Germany, etc.
eduCORP represent over 100 plus Universities of which many are world ranking Universities. Eligibility criteria will differ between each Institutions, Departments and courses. We help them to choose the right University which offers the suitable course preferred by the candidates based on his eligibility and financial budget. We arrange for direct interviews from university when their representatives visit eduCORP Officers or through skype or Telephone. We provide unbiased information on various course options.
There are over 25000+ programs in our representing Universities and Colleges. Students can get course brochures, Prospectus, CD's, etc. to know more their courses. We assist the students to select their preferred courses not only matching their profile but also considering future demands for his chosen field, Job Prospects, demanding skills in the chosen country, Respective Industry’s future growth across Globe as well as in his chosen and Home country. We have close networks with Industrial experts who would always share about futures, new inventions, technologies, skills requirements of their different fields in the short and Long run. This equips our team to provide the best possible course for our students.
We help our students start from the Application process which would differ from Universities to Universities. Similarly, the application period, application methods also vary. Some Universities accepts online application, some will expect papers applications by post with Transcripts, some will accepts applications by emails. As an official representative, we have exclusive application portals for us which would speed up your application process. We will have direct contact with University staffs and can update you the application status. Very often University representatives will visit eduCORP office to conduct on the spot admission where students can submit their application and can get application fee waiver also.
Moreover as a Consultant we are well aware of the deadlines and help the students to submit the application on time. We will give Special Attention to your application and helps to submit Error Free Application in time.
eduCORP not only helps the student to get admissions but also help them in Student Visa process as a Free Services. Though the student gets admission, it does not mean that he can join the course. Getting his Visa Approval is equally important to join the course successfully. Visa approval is a sole discretion of the Visa officer who would not only consider not only the admission confirmation but also other factors like his English Proficiency, Availability of Funds, Family Income Proof, Health fitness, Visa Interview, Past Visa histories, his genuine intention of study, his educational qualification, work experience, etc.
As a consultant, we are well updated with the latest developments, new immigration policy changes, visa filing procedures, visa fee, new visa application forms, visa requirements etc. We help our students start from filling the visa forms, Preparing documents as per visa checklist of each country, train them for Visa interviews with lot of mock interviews by visa experts, etc. This results high visa success for our students.
We also assist our students in getting Education Loan. We have a complete list of Banks offering Educational Loans for various programs to the students at reasonable rates. We also have tie-up's with well known Banks to get education loan for our students. It will be a Quick & easy process. To obtain an education, you should have got admission from the approved universities, you must able to provide collateral properties, you must have a Earning member as a guarantor who can provide the Pay Slip / IT Returns as proof of their income which has eligibility for the applied loan amount.
Merit Scholarships, International Scholarships, Department Scholarships, Bursaries & Financial Aid, fee waivers are awarded to international students on the basis of their academic merit, representing country, English Proficiency test scores and the need of it. Candidate with strong academics, good performance on standardized exams & extracurricular achievements would be eligible for Merit scholarship awards & financial assistance. Besides universities, there are different bodies namely British Council, Commonwealth, Government of India, Private Trusts, etc. that offer scholarships to the Study Abroad Students on various parameters like their academic achievements, contributions to their field, Socio-Economic backgrounds, IELTS Scores, etc.
As an official representative of Universities, special Scholarship / Fee Waiver / Aid will be given exclusively to eduCORP students. Contact your nearest eduCORP office for the current list of Scholarships in various countries. Besides, we also offer special Scholarship to the meritorious student.
One important aspect that many students do not consider is making sure of Insurance coverage. Many students or parents might have taken insurance coverage in their home country. But this coverage is usually limited and will not cover repatriation and travel, loss of baggage, medical treatments in abroad. Most of the countries require Insurance for International Students who opt for longer stay. The sum assured and period would differ from country to country. In some cases universities will collect the Insurance fee along with Tuition fee and provide the insurance coverage from local service providers. eduCORP have tie up with leading Insurance service providers and arrange for Medical, Health and Travel Insurance for our students.
Statement of Purpose (SOP)
One of the primary documents to apply to an university is the Statement of Purpose which is also called as SOP or Letter of Motivation, Statement of Intent. This SOP is a crucial admission document to get an admission. The Statement of Purpose must focus on:
- Overview about yourself
- Educational qualification
- Academic achievement
- Projects / Research in the chosen field
- Employment experience
- Areas of interest like Hobbies, Sports, Social or leisure
- Career goals / ambitions / expectations
- Reasons to choose this course
- Reasons to select chosen university
- Reasons to choose this country
You can draft your SOP which could be for 1 to 2 pages with 250 -350 words. The Statement of Purpose must be in good English without spelling and grammar mistakes and submit a error free SOP.
To strengthen your application, eduCORP would reviews the SOPs, evaluates the content, suggests changes and make it most effective resulting high success rate. This service is provided FREE OF COST.
Recommendations - LOR
It is popularly known as LOR as also called as Letter of Reference, Letter of Recommendation etc It plays a vital role in admission decisions. Letter of recommendations format differ from University to University. While some may require in the Referees Letter Head, some may need only in their respective forms and some institutes may ask for direct mails from the referees email. As a University representative we suggest right formats to the students.
Normally, two to three LORs are required. If you are fresher you can get all LORs from yours schools or colleges where you studies. You can get it from your Class teachers, Principal or Director or anyone who are authorised to issue this letters. If you are employed, you must get one or two LORs from your superiors or employers.
It should be in the official letter Head containing name (with surname) of the person who issues this letter, his designation, complete postal address, direct contact numbers, official Email Ids (Most of the universities will not accept Gmail or Yahoo)It should be in the official letter Head containing name (with surname) of the person who issues this letter, his designation, complete postal address, direct contact numbers, official Email Ids (Most of the universities will not accept Gmail or Yahoo)
Most of the top ranking Universities offer admission after assessing the student through interview. It may be through skype or telephone. Similarly many countries expect the candidate to appear in person for Visa Interview at Consulate or High Commission or Visa Processing centres. Hence, clearing Visa Interview is a vital part in Visa process and one need to be well prepared.
eduCORP well prepare our students for academic interview as also visa interview. We prepare them with various stages of mock interview sessions. First we will carefully assess the background of the candidate, identify his strength and weakness, scope of the course he applied for & prepare them with Q & A expected during the actual interview. Our experts will conduct mock interviews in various levels and assess how he responds to the questions. Subsequently, based on this answers, we will prepare him with appropriate answers for given situations.
With this special training, you will be fully confident of what to do or not to do and how to tackle difficult questions and situations. Hence facing the interview for visa will be easier.
We have our Travel Desk to take care of your Travel arrangements. They will help you to block your tickets well in advance at cheaper and discounted rates. You need not pay your fair at the time of blocking. Many Airlines will come out with special packages for students and extra baggages are allowed for student community. Our travel desk will help you to book the right airlines according to the preferred departure dates, routes and fairs with best discount offers and special baggage allowance. Our services include:
- Passport services
- Air Ticket with best deal offer
- International Courier Services with special rates for students
- ForEx Services for Travel Card, Currency Conversion, TT, etc.
- Airport Pickup Services
- International calling cards
Foreign Exchange Services'
eduCORP has associated with leading ForEx providers who are regulated by Reserve Bank of India. These ForEx dealers offer our students with competitive exchange rates and prompt services. No Service Charges and Bank Charges will be collected from our Students. We help you with Demand Drafts in Foreign Currency, Travelling Cheques, Travel cards. International Debit Cards, Wire Transfers & Currency Notes. Our team would help you to get the best exchange rate.
Our eduCORP team would assist our students in finding right accommodation matching to your budget and proximity to their colleges. There are various options like accommodations in the College / Universities, Private Hostels, PG Accommodation, Shared Accommodations etc. First, we will try to fix accommodation in our Alumnae places or at least nearer to their house who would give required orientations on Life style, travel, opening a bank account, finding part time jobs etc., We have tie ups with students Hostels in abroad which would accommodate our students at special rates. Depending on budget and requirements, we may assist to fix the right accommodation.
Pre Departure Briefing
Being your maiden travel to abroad, you may be very new to their culture, life styles, local laws, etc. Hence required knowledge on this before you initiate your travel is advisable. So Pre-Departure briefing will be given to you prior to your travel with required input which will help make your travel comfortable and help you to settle abroad. We also connect you to our existing students in that country through skype and make you to get first hand information from the student’s lives there. We also make you to meet other students and their parents who are heading to the same country / university. We provide you with Pre-Departure Kit and Checklist to you all prior to your travel.
Post Departure Briefing
We have our networks across the world and have well connected Networks who has been in various countries. Our team would assist you on:
- Accommodation arrangement
- Local transportation and Travel
- Purchase of goods with best deals for students
- Finding part time job
- Advise on Life Style and culture
- Practical advise on living
- Immigration, PR and work permits
- Do’s and don’ts in a foreign country
- Community Networks
- Local Laws
Foreign Studies Preparation Courses
The IELTS, TOEFL, PTE, GMAT, GRE and SAT test scores are prerequisites for admission and financial aid to the specific universities and colleges. Performing well in these tests can be crucial for admission in the universities, for scholarships and visa.
eduCORP is an Authorised IELTS Test Registration of British Council and IDP. We are an authorised PTE Test Registration for Pearson. Hence the candidates can register for their IELTS Exam at eduCORP and can choose their Exam dates. We also provide In-house Training in our office in Chennai, Madurai and our liaison offices at Nagercoil, Tirunelveli, Salem, Coimbatore, etc. which guarantee our candidates for career abroad since these exams and career abroad complement each other. We have the most systematic approach to the Training and producing excellent results.
The highlights are:
- British Council Trained Teachers
- Personalized Attention with One-to-one Coaching
- Results Oriented Approach
- Experienced Faculties
- Flexibility of Batches
- Exhaustive Library (including ample number of reference books, CDs, etc.)
- Assistance for Exam Registration
- Mock Tests
Wondering how are you going to finance your education abroad? Looking for financial assistance and student loans to study abroad? We’ll help you find a finance option that works best for you.
WHO NEEDS FINANCIAL ASSISTANCE AND WHY?
Financing your Education
We all know that studying abroad is a very expensive process. The cost involves not only the university’s fees, but also living expenses. When you decide to apply for studies abroad, you must pay as much attention to how will you finance your education abroad as you do to your application.
Who needs Financial Assistance and why
Everyone, even students who can afford the expenses, need financial assistance. When an international student is applying for a student visa, he/she is required to show evidence of possessing adequate funds to cover at least the first year of their college education. With university scholarships, bank loans, and private funding from your own country as available options; you need to focus on careful and wise planning. If you want university funding; that is only possible in the US. Countries like the UK, Canada, Australia, and New Zealand do not usually offer students scholarships; but with loans from your own country, you can study anywhere in the world. Nowadays, with more international students applying to countries other than the US, there is a more flexible attitude towards providing financial assistance to foreign students.
Types of Financial Assistance
Types of Financial Aid available to study abroad depend mainly on the country you are applying to. Most US universities offer assistantships, fellowships, and scholarships; depending on the course you are applying to. But for countries other than the US, funding from outside sources will mostly be required.
There are three broad categories that Financial Assistance can be divided into:
- Fellowships / Scholarships
Students are eligible for Assistantships depending on their merit
Undergraduate (UG) level: It is relatively more difficult to be awarded assistantships at the UG level.
Graduate level: For MS courses, an assistantship is the best way of funding one’s education. Most universities do not offer financial assistance for an MBA, as the students will eventually earn more and be able to pay off loans. However, some business schools may offer MBA scholarships based on merit. PhD level: All PhD students are offered paid a stipend amount which should cover their living expenses. There are no fees for a PhD.
Types of Assistantships:
- Graduate Assistantships: These are specifically for graduate students. Students work with the admissions office or other department offices in administrative jobs.
- Teaching Assistantships (TA): The student at the Master’s level helps the professor teach undergraduate students. The job involves taking tutorial classes, conducting laboratory experiments, grading exam papers, and helping the professor clear doubts from students. To secure a TA positions, you must have very good communication skills.
- Research Assistantships (RA): The students assist with professors in laboratory work and research projects. Students selected for RA usually need to show research aptitude and analytical skills through projects, and publications.
- Tuition Waivers: The student who obtains one does not have to pay the tuition fees at the University. However, general fees (for use of University facilities like the library, computers, and health services) will have to be paid.
There are also some project assistantships, sports, or club assistantships; which are University specific.
FELLOWSHIPS / SCHOLARSHIPS
Universities provide financial assistance to students with exceptionally outstanding academic profiles. The awardees will have to score very well in their program to renew the fellowship/scholarship in the following year. The amount of scholarship offered differs according to the profile of the student.
The university scholarship or fellowship option for financial aid is available more at the graduate level than at the undergraduate level.
Special Scholarships to Indian Students:
Some trusts or organizations offer financial assistance to Indian students who are planning to study abroad. The scholarships provided by these trusts are very course specific. Get in touch with the below mentioned institutes to confirm if you are eligible for the scholarship program offered by them.
- KC Mahindra Scholarship
- Nehru Trust for Cambridge University and Trinity College
- Singapore International Airlines – Youth Scholarships
- J N Tata Endowment
- ITC Scholarships
- Inlaks Foundation
- Rhodes Scholarship
- Mariwala Trust
- Rotary Ambassadorial Scholarships
- Fulbright Commission
- The United Nations
- World Health Organization
As scholarship options are extremely competitive, several banks offer loans to students to study abroad. Generally if a student gets an admission offer from a top university, the loan may be sanctioned without the requirement of a co-signer based in the country where the University is established. In other situations, the financial institutions and banks require a home country based co-signer or a co-signer residing in the country where you intend to go.
Student loans are offered under certain terms and conditions and definitely under a set scheme of interest. Indian banks offer student loans for studying abroad on a confirmed admission to a foreign university for full-time courses (that is, loans are not offered for correspondence courses.). Banks consider a student’s past academic record and offer the loan only if they find it satisfactory. All these conditions for financing education apply generally, but in the end, each bank follows its own scheme.
Manya-The Princeton Review offers Financial Counselling services that can help you identify the best bank loan to suit both your financial situation and your educational needs.
Sources in Other Countries
- University Funding/Scholarships
Some foreign banks (US-based banks) may offer student loans to international students depending on a variety of conditions. Some examples include:
- International Education Finance Corporation (IEFC)
- Sallie Mae
- Access Bank
- Bank of America
- Guaranteed Access to Education Loan Program (GATE)
- Global Student Loan Corporation (GSLC)
Very few banks give educational loans to international students without a co-signer. This happens only if the banks have an understanding with the University the student has been admitted to. Needless to say, that these universities are the best of universities and high in rankings.
All said and done, there may still be some financial aid option waiting for you that you were unaware of, so take the assistance of the Financial Counselling team at Manya-TPR to find it!
PROCEDURE TO OBTAIN EDUCATION FINANCE
Learn about the resources that you could use to finance your education abroad. Find out which financing option works best for you.
The Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker’s Association (IBA) has framed a Comprehensive Educational Loan Scheme. The scheme envisages a loan of up to INR 7.5 lacs for studies in India and INR 15 lacs for studies abroad. These are not stringent figures though.
However, to avail student loan of any amount, satisfying the eligibility criteria of the bank is a prerequisite. You are eligible to obtain an educational loan from any Indian bank if:
- You are an Indian national
- You have secured admission to professional/ technical courses through entrance test/ selection process
- You have secured admission to foreign University/ institution
Take a peek into other important points of consideration that the Comprehensive Educational Loans Scheme entails:
- Up to INR 4 lacs, nil for both studies in India and abroad
- Above INR 4 lacs, 5 % for inland studies and 15 % for studies abroad
The Allahabad Bank has the following security/collateral security requirements for granting loans to students. However, the requirements differ from bank to bank
|Loan up to INR 4 lacs||No collateral security|
|Loan above INR 4 lacs and up to INR 7.5 lacs||Security in the form of satisfactory third party guarantee|
|Loan above INR 7.5 lacs||(a) Collateral security of suitable value.
(b) Co-obligation of parents/guardians/third party along with assignment of future income of the student for payment of installments
Rate of interest
The rate of interest is 10.75 % up to INR 4 lacs and it does not exceed the Prime Lending Rates (PLR). For a loan above INR 4 lacs, the interest rate is 11.75 % and it will not exceed PLR plus 1 percent. However, the rate of interest is subject to changes as per the specifications of RBI or the concerned bank.
Loans are repayable in 5 to 7 years. Repayment of both principal and interest will start after one year after completion of the course or six months after getting employment, whichever is earlier. Interest will be charged on simple basis during the period of study / moratorium period. At the commencement of repayment, the accrued interest is added to the principal amount and Equated Monthly Installments (EMIs) fixed on total outstanding amount. After commencement of repayment, the benefit of simple interest would be discontinued.
Most of the Indian banks do not charge any processing fee or upfront charges. The State Bank of India accepts a deposit of INR 5000 for education loan for studies abroad, which is adjusted in the margin money.
You can avail the loan from the branch nearest to the place of your permanent domicile.
In the normal course, while appraising the loan, your future income prospect is looked into. However, where required, the means of your parent/guardian can also be taken into account to evaluate re-payment capability.
The loan is sanctioned as per delegation of powers preferably by the Branch nearest to the place of domicile. No application for educational loan received is rejected without the concurrence of the next higher authority.
The loan is disbursed in stages as per the requirement/demand directly to the Institutions/Vendors of books/equipments/instruments to the extent possible.
The bank from which you have availed the loan can contact the college/University authorities to send your progress reports, at regular intervals.
If you are going abroad to study, some of the foreign universities require you to submit a certificate from your bankers about the sponsors’ solvency/financial capability with a view to ensure that your sponsors are capable of meeting the expenses till completion of studies. Accordingly branches can also issue the capability certificate. For this financial and other supporting documents may be obtained from you, if required.
You need to keep the following documents in place before applying for an educational loan:
Mark sheets of the last qualifying examination for school & graduate studies in India.
- Proof of admission to the course
- Schedule of expenses for the course
- Copies of letter confirming scholarship
- Copies of foreign exchange permit, if applicable
- Two passport size photographs
- Statement of bank account for the last six months of borrower
- Income tax assessment order not more than two years old
- Brief statement of assets and liabilities of borrower
If you are not an existing bank customer you would need to establish your identity and give proof of residence.
Finally, you need to hit on the right bank with the right educational loan scheme to suit your needs. Parameters to weigh the alternatives are many; as in, whether the bank provides loan for the course you are opting for and if yes, then up to what extent, the margin and security requirements, the rate of interest, proximity of bank to your residence, et al.