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1. EDUCATION LOAN CALCULATOR INDIA

2. The finance formula: How to manage finances
while studying abroad

3.  Studying abroad is an exciting, yet expensive affair . Most
countries, other than the United States, allow international
students to work off campus while studying. In the US,
international students are permitted to work on campus for a
maximum of 20 hours per week. While other countries, too,
have a similar limitation on the number of hours, international
students are permitted to find jobs off campus as well. For
instance, in Canada, you can apply for a permit that allows you
to work off campus for 20 hours per week during the academic
session and 40 hours per week during vacations. The rules are
not very different for students who wish to study in the UK
and Australia.
 By working on or off campus, you can expect to earn sufficient
funds for your personal expenses and sometimes even living
expenses. But very rarely will you be able to fund your entire
education from this income. The work students typically do on
campus includes working in the library, laboratory, dining halls,
admissions offices, etc. Off-campus employment usually
involves working in restaurants and at petrol pumps. The
average minimum wage in the US is $8.25 per hour. Thus,
working for 20 hours at the minimum wage can fetch you about

4. GRADUATE ASSISTANT
SHIPS
 Students unable to work on or off campus can always apply for
funding from the university itself. Most universities in the US and
some in Canada and Australia offer students graduate assistant
ships (GAs). A GA is an award which pays for your entire tuition
fee as well as a monthly stipend which helps you take care of your
living expenses. Students who get such assistant ships can work
as teaching assistants (TAs) or research assistants (RAs).
Typically, the job profile of a GA is to assist professors in grading
papers, teach small classes and help with research. Assistant
ships are extremely competitive and are granted to students with
excellent grades and, at times, to those with work experience.
Students can earn a stipend of up to US$1,200 per month.

5. NEED-BASED FUNDING
 If you do not land up with a GA or an on- or off-campus job, you can
still apply to the university for merit- or need based funding. Many
universities offer scholarships to students with excellent grades.
Such scholarships are evidently not only competitive but also based
on need. Thus, if you can demonstrate that you actually require the
funds, you may have a better chance at receiving them directly from
the university. Such scholarships generally cover 10-75 % of the
tuition fee.

6. EDUCATION LOANS
 Finally, if you have no other choice, you can apply for education loans in India.
Several state banks offer education loans of up to Rs 30,00,000. The interest rate for
these loans is around 11.75% and the repayment period starts one year after the
completion of the course or six months after getting a job, whichever happens earlier.
The loan must be paid within 12 years. The security required to obtain it is usually
around 115% of the loan amount.
 Banks in the US give loans to international students without security only if a citizen or
green card holder with good credit history acts as their guarantor. The benefits of this
loan include lower interest rates of around 7-9 % and repayment period of close to 25
years.
 A good way to fund your education is a combination of the several options listed here.
 If you wish to pursue your Education Loan Calculator India, make sure that you plan
your finances before applying for admissions or at least before you leave the country.
 Source : http://www.avanse.com/blog/the-finance-formula-how-to-manage-finances-
while-studying-abroad/

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