Funding Assistance

Financial Assistance

Many countries and universities offer Financial Assistance Programs designed to support both national and international students. These programs typically require a letter of acceptance from the university to initiate the application process.

Financial Assistance Programs often cover the cost of education and living expenses, with the amount varying based on the destination country. Examples include the Australian Government Research and Training Program (AGRTP) and Ontario Trillium Scholarship, which provide funding for tuition fees, health insurance, and other expenses over specified durations.

To qualify for these benefits, students must demonstrate strong academic performance and submit necessary documentation separately.

Alternatively, bank loans serve as an alternative means of financing education, covering expenses such as tuition fees, living costs, and health insurance. Grace Study Abroad specializes in guiding students through the process of securing bank loans, ensuring they have access to the financial resources needed to pursue their educational goals. For further information and assistance, please don’t hesitate to contact us. We’re here to help you every step of the way.

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What are the Criteria for Getting an Education Loan?

The student must be an Indian citizen above 18 years old.
The loan will be provided to the parents if the student is a minor.
The student must have an excellent academic background. If the bank feels the student doesn’t have the ability to meet the western curriculum, probably they will reject the application.
The students are required to submit the admission letter to the bank authority as part of processing the education loan. It is better to approach the bank once you receive the admission letter.
Banks usually entertain loans for professional or technical courses that are job-oriented. The chances for safe placement are high for such job-oriented courses, and the student will be able to pay back the loan in no time.
Insight International helps to speed up the loan process for your tension-free education experience.

What are the Documents Required for an Abroad Study Education Loan?

Following documents are necessary to submit when you apply for one. We recommend you keep all the documents well organised and ready to submit.

Letter of Acceptance

Letter of acceptance is the proof from the university about your secure seat in a particular course. It must be submitted to proceed with the bank loan.

Academic Documents

The academic documents include your 10th certificate to the latest degree certificate. The attested copies of the academic documents need to be presented to evaluate the student’s eligibility for a loan.

Identity Proof

The student’s passport is considered the ideal identity proof for an education loan. The student is meant to submit the front and back pages of the passport for a hassle-free process.

Address Proof

Banks will give you clear-cut instructions on the documents to be submitted for address proof as part of the loan procedure. Adhar card is the ideal address proof for applicants. ID card and Ration card are also acceptable to submit as address proof.

Photographs

The latest Photographs of the student is a must and carry at least 4 photographs.

Income Proof of Co-applicant and Bank Statements

The co-applicant must be a close member of your family (father, brother or uncles) who have a steady income. The co-applicant’s salary certificate and bank statement are required for the loan process. Additional documents may be required for collateral security. The bank will share the details when you approach them.

What Does a Study Abroad Education Loan Cover?

The education loan covers the following expenses:

Tution Fee

Most universities prefer the full payment of the tuition fee before the commencement of the orientation program. The education loan covers the entire tuition fees.

Living Expense

Some countries require candidates to have a certain amount of money in their bank accounts for living expenses. The student will have to transfer this advance money to the bank account taken in the chosen country. Usually, an abroad study education loan will cover students living expenses.

Health Insurance

Health insurance is mandatory for international students. The abroad study education loan covers your health expenses. After all, health is wealth.

Fly Ticket Charge

The flight ticket charges to your chosen country are usually very expensive. The education loan covers your flight ticket charges for a worry-free journey.

Pukadiyil Buildings, Near Municipal Park, SH, Medical Center Rd, Nagampadam, Kottayam, Kerala 686001
Call : +91 98470 97700
Call : +91 98950 40797
Email : applications@gracestudyabroad.com

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PTE

PTE classes are specialized courses designed to prepare individuals for the Pearson Test of English (PTE) exam, an internationally recognized assessment of English language proficiency. These classes typically cover all sections of the PTE exam, including speaking, writing, reading, and listening, with a focus on improving language skills, test-taking strategies, and overall exam performance.

PTE classes are led by experienced instructors who are knowledgeable about the exam format and requirements. They provide instruction, guidance, and feedback to help students enhance their English language abilities and excel in the PTE exam. Classes may include a combination of lectures, discussions, practice sessions, and mock tests to simulate the exam environment and assess students’ progress.

Key features of PTE classes may include:

Comprehensive Curriculum: A structured curriculum that covers all aspects of the PTE exam, including speaking fluency, writing coherence, reading comprehension, and listening comprehension.

Practice Materials: Access to a variety of practice materials, including sample questions, exercises, and mock tests, to help students familiarize themselves with the exam format and content.

Test-Taking Strategies: Instruction on effective test-taking strategies, time management techniques, and tips for approaching different question types to optimize performance on the PTE exam.

Individualized Support: Personalized instruction and feedback tailored to address students’ specific strengths, weaknesses, and learning goals.

Flexibility: Flexible class schedules and options to accommodate students’ diverse needs and preferences, including weekday, weekend, morning, and evening classes.

PTE classes are ideal for individuals who are planning to study, work, or migrate to English-speaking countries and need to demonstrate their English language proficiency for academic, professional, or immigration purposes. By participating in PTE classes, students can improve their language skills, boost their confidence, and increase their chances of achieving their desired score on the PTE exam.

IELTS

The IELTS English language test is compulsory for those who intend to study in Australia, Canada, New Zealand, and the United Kingdom. This test, which differs according to the country and university level in terms of strict eligibility standards, is an essential measure of language ability. Your IELTS score, which is a key eligibility criterion for admission and processing of visas, has an important role to play when it comes to obtaining free offers or student visas.

It cannot be underestimated the importance of a high IELTS score, as it significantly raises your chances to apply for visas and obtain them. A high IELTS score opens the door for several scholarships to financially support international students, as well as being an internationally recognised benchmark in English language skills assessment.

Exclusive scholarships offered by the British Council and IDP Education are available to students based on their IELTS Academic scores. Achieving a minimum band score of 6.5 to 7.5 makes you eligible for a scholarship ranging from $2,000 to $20,000. This financial support can cover various expenses, including tuition, course materials, living costs, and even travel expenses.

The importance of preparing for the IELTS exam is recognised by Grace Study Abroad, which is committed to providing comprehensive services. In addition to our all-inclusive services, Grace Study Abroad offers free IELTS abroad training in Kottayam as one of the best IELTS training centres in the world. We want to help you succeed, not just in clearing the IELTS test, but also improving your ability to speak English and prepare for a world of opportunities and successes.