5 Ways To Pursue Education Abroad

Studying abroad can be a life-changing experience as you learn a lot in the process, from personal finance, discipline, time management to work-life balance and gaining ample social intelligence through interacting with people from different cultures.

Pursuing education abroad can be an expensive endeavor as it takes a toll on your savings and requires extensive financial planning. However, no one should have to delay or quit the idea of pursuing their higher education abroad or in their dream university because they lack funds. 

Your dreams are achievable, and if you believe in them then you can find out various ways by which you can fund your higher education. In this blog, we will discuss 5 different ways by which you can fund your dream of studying abroad.

1. Crowdfunding

Crowdfunding is an online way of collecting funds from many donors who are rooting for you.

Crowdfunding is a method by which you can fulfil your dream of studying abroad. It is one of the most potent methods by which you can raise money easily and immediately. These funds are donated by people who believe in your cause. In order to raise funds, all you need to begin fundraising is by starting a fundraiser campaign on the crowdfunding platform ImpactGuru. 

Also Read: Education Crowdfunding In India: How You Can Fund The Future

2. Educational Loans

Educational Loans are one of the sought-after means of funding one’s higher education abroad. Educational loans are provided by banks, and other financial institutions to you so that you can cover educational and living expenses that are incurred abroad. There are two types of educational loans, one is Secured Loans and the other is unsecured loans. Which translates as Collateral backed loans and Non-Collateral backed loans respectively. You can choose any one of them that works best for you.

Unlike crowdfunding, educational loans are usually payable after your education is completed abroad. They are to be paid with interest for a certain period of time. Generally, educational loans are easily paid as many banks and financial institutions offer loans at minimal interest rates. You can apply for an educational loan online through the bank’s website. Applying for a loan is easy, you need to meet certain requirements, submit essential documents as required by the bank, and you are good to go. 

3. Scholarships

Crowdfunding and educational loans are great ways to fund your education abroad. But you know, there’s another convenient method by which you can fund your education. Scholarships are great because they are often awarded to the most deserving student. There are many kinds of scholarships and the best ones are those that match your dreams, skill sets, and achievements. Here are the kinds of scholarships that you can apply for:

• Government Scholarships

• University Scholarships

• Minority and Sports Scholarships

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4. Overseas Exchange Programs

You can go for higher education at an international university with the help of a student exchange program. Through an overseas exchange program from a particular university in India, you can go to an abroad university which is affiliated with your university. This is the most effective way by which you can take the experience of studying abroad as student exchange programs are usually 6 months to 1 year long, depending on your course. It also provides you with an enriching experience as it opens up a world of knowledge by exposing you to a different culture and the learning that comes along with it.

5. Savings

Utilizing savings to fund higher education has been the traditional route many people from generations past have used. If you have a steady income, a stable job that pays well, and two-three years to spare before you take admission abroad, then you should start saving for your educational expenses in the future. You can opt for a savings account with the best banks that offer several saving schemes that can help you fund your education abroad. 

If it is possible to delay your study plans by a few years, then you can find a job that is suitable for you that can help you save sufficient money in 1-2 years so that you can pursue your education in your dream university abroad.

Crowdfunding for your Higher Education Abroad

That being said, these are the 5 different ways by which you can fund your higher education at an international university. Among these 5 methods, crowdfunding for higher education is one of the most recent and well-known phenomena that people are using to make their overseas education dream come true.

Also Read: Raise Money For Your Higher Education With Education Fundraising

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Secure a Debt-free Future with ImpactGuru

One of the major benefits of crowdfunding for higher education is that you don’t have to pay it back to the donors who supported your cause. Crowdfunding in India purely works on the trust and support of generous and compassionate donors who believe in what you are pursuing. With ImpactGuru you can sign up for free to raise funds and get instant approval with 24*7 fundraising support from our experts. Secure your future with your chosen crowdfunding platform and make your dreams come true. All the best.

Also Read: Education Gets Costlier Each Year. But Have You Tried Education Crowdfunding?