Studying abroad is a perfect chance to access quality education that can pave the path to several career opportunities. If you are planning your overseas education, you must know the answers to these Frequently Asked Questions (FAQs) to make informed decisions.

Key Highlights

• Benefits of studying abroad
• Most important study abroad FAQs
• Other popular study abroad questions and answers

Benefits of studying abroad

• Pursuing higher studies from a well-ranked university offers excellent academic experience and strengthens employability potential.
• It gives a global perspective and ensures both personal and professional development.
• You have a chance to learn new cultures and develop your network.

Most important study abroad FAQs

• What will be the total cost of studying abroad?

  The total cost of studying abroad includes tuition fees, accommodation costs, travelling costs, the cost of learning devices, and other education-related expenses. Moreover, this cost varies based on factors like educational destination, course choice, duration, and the university. You can use the College Course Expense Calculator, an online calculator, to know the estimated costs.
  Also Read: Complete Guide To Study Abroad

• What are the eligibility requirements?

  As a part of the university admission process, you need to meet several requirements. For instance, a bachelor’s degree in a related field is mandatory to pursue a master’s course. Similarly, appearing for exams like the International English Language Testing System (IELTS)/Test of English as a Foreign Language (TOEFL), and Graduate Record Examinations (GRE)/Graduate Management Admission Test (GMAT) is also necessary. However, these requirements may vary depending on the university.

• When to start the university application process?

  If you are planning to join the selected course between June and September 2025, you can start your application process in the following way:

  • From July 2024 onwards, start preparing for tests like GMAT, IELTS, etc.
  • Gather all important documents like academic transcripts, Statement of Purpose, Letters of Recommendation, CV, etc., by August-September.
  • Appear for entrance exams by October-November.
  • December 2024-January 2025 is the ideal time to make financial arrangements. Start the application for education loans to study abroad.
  • You shall be notified by your university around February-April 2025. Once you receive a confirmation letter from the university, complete your loan procedure and visa process by May or June.
  • By June-September 2025, you shall be ready to embark on your journey. 

• What types of accommodation options are available for international students?

  Also Read: 5 best study abroad destinations 2024
  On-campus and off-campus are two accommodation options that students can choose from. They should extensively research the housing options while staying in their home country. It is advised to avoid falling prey to internet scams and make a financial transaction only after reaching your study abroad destination.

• How to select a university, course, and study abroad destination?

  • Choose a course that aligns with your academic background and fulfils your future career goals.
  • Based on the selected course, shortlist the universities and overseas educational destinations.
  • Select a well-ranked university by weighing factors like placement record, student-teacher ratio, etc.
  • Shortlist a destination that offers lucrative employment opportunities in your chosen domain. For instance, choosing the UK to pursue a master’s in Data Science is an excellent decision as the country is home to top Data Science companies like Starcount, QuantumBlack, Peak, etc.

• How to finance your higher education independently?

  An education loan is a great way to finance your higher education independently and become Atmanirbhar. It enables you to gain quality education without using your family’s savings. Moreover, responsibly repaying education helps build a robust credit score.
  Also Read: What you must know about the band 7 IELTS score

Other popular study abroad questions and answers

• How to save money while studying abroad?

  Asking for student discounts while going grocery shopping, staying in shared accommodation, and doing part-time jobs are some of the ways to save money while studying and living abroad.

• Can I work part-time while studying abroad?

  Most academic destinations allow international students to work part-time while studying. For instance, UK and Canadian student visa holders can work part-time for up to 20 hours per week. In the US, students with valid F-1 visa status can work for up to 20 hours a week during the course and up to 40 hours per week during the break.

• How to determine the student loan amount?

  Borrowing too little or too much can complicate repayment. Therefore, it is important to apply for the right student loan amount. You can use a College Course Expense Calculator to determine potential expenses. Moreover, you can use an Educational Loan EMI calculator to get a fair idea about the estimated EMI against the specific loan amount you wish to apply for.

At Avanse Financial Services, we offer hyper-personalised education loans to students with benefits like multiple repayment options, 100% finance, and quick loan sanctions. To know about education loan eligibility criteria and an interest rate for education loan, connect with us today.