Last Updated on September 5, 2024
Can’t afford to study in your dream college? Cost of studying in an Ivy College in the US is too much? Here’s how to get cost-free education in an Ivy League college in the US.
Taking a loan for higher study abroad is an option one can take; however, this comes with a multiyear repayment burden which most students would like to avoid. There are ways you can use to avoid taking a loan completely. Moreover, you can also minimise the burden to an extent, especially if a student wants to study in an Ivy League college in the US. These universities offer some of the best aids, like scholarships, fellowships as well as career assistance programmes, which can help you to breathe easier.
Why Is Financial Support Needed?
There are students who dream about studying in an Ivy league College in the US. However, there are few who make it there. While the student may have accomplished the hardest part, the struggle doesn’t end for most Indian students, as these universities are also known to be quite expensive. For instance, the total cost of one academic year at Harvard University could cross Rs 1 crore. A study abroad consultant can help you with more data.
Grants And Scholarship Are Different In Nature
A Grant is a need-based financing system, that is available to students based on some criteria, such as family income. The grant issuer is usually a government department, foundation or trust. Everyone cannot enjoy this facility.
Most of the scholarships are merit or condition-based. To get a scholarship one may need to put in additional effort. Getting a scholarship is not always easy. Be it criteria for a certain scholarship or choosing the right category, getting a scholarship from an institution is a lengthy process.
The best overseas education consultants in Delhi can give you detailed information.
There are many consultants who offer help. Grants and scholarships are a feasible way for students to fund their education. In the year 2022, Prodigy Finance gave out scholarships worth $50,000 that are being offered to students through select channels. Besides that, there are various grants and scholarships supported by universities and also governments. Other than these, many private institutions also offer grants in selected subjects.
Easily Accessible Financial Support
Most developed countries offer basic support, which is easily available to the most deserving and meritorious students. Most applicants get at least 25-30% of the total cost of education. One thing should be considered when planning for education abroad. The amount depends on the colleges or universities, and also the course. Many international universities offer merit-based scholarships in a tie-up with the local government to help international students from developing nations get quality education. Get support from the best study abroad consultants in Delhi.
Is There Any Full Funded Option To Study Abroad?
While the availability of fully-funded courses is low, many deserving candidates do get the privilege of completing their study abroad without spending any money from savings.
How To Maximise Your Aid And Scholarship?
An excellent way to increase your chances of getting a scholarship is by applying for multiple scholarships and grants. Students typically search for scholarships after admission confirmation, because of which they miss out on opportunities. You should start preparing beforehand. Consult a study abroad consultants Guwahati for the needful.
You need to check whether you match the criteria. Students need to get detailed information about the scholarships and grants that are applicable to them.
Why You Should Take Your Application Very Seriously?
The timing of the application plays a crucial role in increasing your chances of getting support. If you miss any of the deadlines, you may not get a second chance. The application process for many scholarships starts way before the admission cycle, and something, students fail to meet the deadlines.
- Complimentary Fellowships
Some students receive additional funding through HBS Complementary Fellowships which is financial support in addition to need-based scholarships. Here is a list of fellowships that an Indian student can apply for. - Forward Fellowship – These amount to $15,000/year for lower-income background students, who financially support their parents/siblings.
- Goldsmith Fellowship – awards $10,000 in the first you to students.
We, at Admissify clear all your doubts and queries regarding education overseas and how to cover all your expenses economically. Therefore, do contact the best UK education consultants in Delhi for further updates.
Gaurav Kandari is a seasoned study abroad consultant with over 5 years of experience, specializing in guiding students to the UK, USA, Canada, and Australia. An avid traveler, he draws on his global adventures to enrich his consulting, providing invaluable insights to aspiring scholars.
