In the previous episode of Students Speak, we learned about Ronaldo Gomes’ valuable advice, tips for writing an impressive SOP, and important documents required. In this episode, let’s understand his search for the perfect education loan partner and some valuable tips for study abroad students.

His perfect education loan partner

Like many other millennials, Ronaldo chose to finance his education independently without depending on his parents. He researched the education loan providers online by browsing various websites and YouTube channels. He further used Education Loan Calculator to get an idea of the EMIs. He tried different permutation combinations of education loan tenure to estimate the EMIs. Instead of relying on the online research alone, he physically visited the financial institutions to understand various aspects of the student loan, such as secured loans (with collateral), unsecured loans (without collateral), education loan process, interest rates and other important details.

The peer reviews about Avanse Financial Services caught Ronaldo’s attention as the students mentioned that they received an unsecured education loan. After sending an enquiry, Avanse Financial Services responded quickly. The Avanse team thoroughly educated him about the unsecured education loan, application process, and documents required. Ronaldo submitted all the necessary documents to the team to begin the education loan process. He suggests you opt for an education loan amount not just to cover your tuition fees but also to pay for other educational expenses.

As a student-centric NBFC, we at Avanse Financial Services prioritize the student’s employability potential over the financial background of the co-applicant. Hence, when students apply for an education loan, we evaluate parameters such as the past academic scores, entrance exam scores, and pedigree of the course/university to determine their employability potential. If the students meet the parameters, the education loan is disbursed.

If you are worried about additional expenses other than tuition fees, let us tell you that at Avanse Financial Services, we provide an education loan that covers the holistic cost of education, including tuition fees, airfare, accommodation costs, study material expenses, cost of learning devices, living expenses and other education-related expenses.

His valuable tips to other study abroad students

1. Ronaldo strongly suggests finding an answer to this question – “Where do you see yourself in 5/10 years”. Once you know your short term and long term goals, you can align your course to your career aspirations. The next step is to find the universities and the study abroad destinations that offer your preferred coursework.
2. Do not compromise on quality education. If you have chosen a course that will fulfil your academic and career aspirations, don’t settle for other courses just because they are less expensive. If finance is the cause of concern, you can opt for an education loan. This will also allow you to win a self-made badge as you can repay your education loan through easy EMIs without depending on your parents.
3. Studying abroad is a life-changing experience, so be prepared to embrace this new chapter of life by gaining clarity on what you expect from this journey. You will be living in a different country away from your family, so being mentally prepared is crucial. Also, ensure you invest time to conduct thorough research to sketch a perfect study abroad plan. Find the right mix of coursework, university and study abroad destination that aligns with your career goals.

So, this brings us to the end of Ronaldo’s study abroad journey planning. His meticulous research and decision-making process have been awe-inspiring. We wish him all the best in his future endeavours. If you have further queries, please connect with us. We will be glad to partner with you on your academic journey.