3 Funding Options For Study Abroad

By Funmilayo Ogunsanwo on 26-Jun-2020

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Now you’ve acquired all the information you need to study abroad, you’re exposed to every detail you need even through resumption week but you’re bothered on how you are going to fund your education? Do not stress further. Truly studying abroad can be quite expensive but regardless of your pocket, education has been made affordable for all. Here is a list of available options to lessen the funding burden for your study abroad.

1. Scholarship and Grants

We are most familiar with this means of funding education, it can be a partial scholarship or a full scholarship, nevertheless accept every scholarship that is applicable to you after which you’ve read the terms and conditions. International students are usually automatically considered for some scholarships while some require an application before you can be considered, make sure you search for scholarships both within the school and out (scholarships by governments and other bodies). You should view some of the available scholarships in different countries.

2.  Graduate Assistantship (Work and Study)

This is applicable to graduate students. You can apply for a job on campus in any department, you just have to make sure you have the required experience to work and deliver well. This opportunity isn’t just adding to your work experience but also helps in sorting out tuition and other fees. This covers almost 70% of all the fees you need to pay. Having this together with a partial scholarship is more like getting a full scholarship.

3. Student Loan

This is a loan you have to pay back compulsorily. You can get a student loan from a private bank or an organization in your home country or in the country you wish to pursue your studies. To get these loans, you would have to co-sign along with your parents and a lawyer in order to assure the bank or organization that you would pay up at the stipulated time.

It’s advisable you consult a study abroad agency because you might not easily find so many funding opportunities that might be open to you. We are here to help you find the best funding deals and opportunities. For more information, pick up a study abroad consultancy form and one of our consultants will get in touch with you.

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