Your Dreams Just Became Affordable With Study in India Programme
The sheer thought of studying abroad gets your heart racing and you find yourself naturally and pleasantly zoning out for a bit, imagining what it would be like. But, many aspiring students usually are in a bit of a predicament as soon as the thought - “How do I finance my education abroad?” pops up in their minds. All the international students who wish to study abroad, settle for education provided locally as many of them find it difficult to find an efficient and comfortable way of financing their overseas education.
What if we tell you that your sheer thought of studying abroad can become a reality!
Study abroad is the single most effective way of changing the way we view the world. - Chantal Mitchell
India is popular in the education sector for its high quality of education and affordable standards of living. There are as many as 1000+ universities and more than 42,000 colleges in the country providing a diverse range of courses, from modern disciplines like law, management, humanities, engineering to niche courses like Buddhist Studies and Yoga. Most of the institutes provide concessions in fees and extend support to international students stepping into India to pursue their higher education. Additionally, when you get on board (on filling and submitting your application successfully) with the Study in India Programmeyou will be automatically considered for the Partner Institute Scholarship provided by the partner institutes.
Understanding Partner Institute Scholarship :
The partner institute scholarship is provided by institutes that have partnered with the Study in India Programme and it varies across different institutes. You become eligible for the partner institute scholarship offered by institutes with the Study in India Programme, once you fill out the application successfully. However, the final allocation of this scholarship depends on your merit and the availability of seats in a particular institute. It is provided in the category of 100%, 50%, and 25% and the Student Dashboard will reflect the same if you have been allotted one. While it is possible you could be offered a partner institute scholarship, you can always reach out to our team or the institutes with your queries and concerns about the same.
The partner institute scholarship only covers your tuition fees but when you plan to study abroad, there are other expenses that you need to sort (like transportation, accommodation, mess charges, laundry, mobile expenses or personal expenses). This is when budgeting can rescue you! Yes, creating a student budget helps you to sail through your academic life in a foreign country and here are some tips on how you can get started with the process:
1. Prepare a list of all your expenses other than tuition fees such as accommodation, food, transportation, phone bills and personal expenses.
2. Research a little about the city where your institute is located to get an idea about the average cost that you need to allocate towards each category of expenses. A small piece of a tip here: Make use of budgeting apps as they can ease your calculation related tasks.
3. Figure out your spending capacity per month.
4. Keep a check on your funds, adjust, plan your spending to cover the basic needs first and then decide on the rest of the allocation.
5. After planning all the allocations, if you are left with some amount you may allocate it towards emergency funds.
Budgeting Tips for International Students in India:
One of the perks of pursuing higher education in India is affordable education and living, both these things are not heavy on your pocket!
- Emergencies (like falling sick) often come without an alarm and the least we can do is be prepared! Keeping some amount as an emergency fund in your bank account or with you is a recommended step.
- When you move abroad to pursue higher education, accommodation is one of the first things you figure out. You can save on the charges by opting for a college hostel as Indian institutes offer hostels at pocket-friendly rates. There are other advantages of living in a college hostel, like availability of mess, mutual co-operation among the hoteliers, etc
- When you begin with your classes you can also save on the expenditure you make books and study materials. Try to take second-hand books or buy fresh ones on sharing basis with your roommate or friend. You can also issue a few books from your college library.
- Last but not the least, do not shy away from availing yourself of discounts on your student ID wherever you can.
Through this blog, we have tried to round up practical budgeting tips to help you have a stress-free academic life in India. Financing your studies abroad may seem frightening, but strive to let your dream see the light! Stay steadfast and we hope to see you soon in India!
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Indian mathematician, mental calculator and writer, Shakuntala Devi is popularly known as ‘Human Calculator’. Her talent was mentioned in the 1982 edition of The Guinness Book of World Records.