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Funding Your Studies

Studying abroad is rewarding but expensive. So it is important to make sure you are able to fund your studies before making a commitment. This section provides guidance to help you explore the options for funding your studies.

Self-Funded Students

Most self-funded students raise funds either from their own savings, or with the help of parents or other family members. A bank loan is also an option and in some countries you will be able to get an education loan under preferential terms.

Depending on the study destination and course you choose, your visa may allow you to work during your studies to supplement your income. In some countries, you may also be allowed to take paid employment at the end of your studies, which will help to pay back your student loan.

Government Sponsorship

In some countries, the Government provides generous sponsorships that enable students to study abroad. Often these sponsorships have strict conditions. To qualify for a sponsorships, you will need good academic qualifications and you may be restricted to certain subjects at specified overseas universities.

To find out if study abroad sponsorships are available, please contact the Ministry of Education (or equivalent) in your country.

University Scholarships

University awarded scholarships are common in the United States and can reduce tuition costs substantially, sometimes by as much as 50%. However, you should be aware of the following when making your study plans.

  • Most scholarships are either regional or merit based. Regional scholarships are based on nationality and the amount of the award and availability vary by region. Merit based scholarships are awarded on the basis of academic and/or English scores, with higher awards for higher performing students.
  • In most cases, students are considered for scholarships automatically, but sometimes a separate application and additional documents are required.
  • Pay careful attention to deadlines, as some scholarships require students to apply early. The scholarship deadline can sometimes be many months before the course start date.
  • Most scholarships cover only part of the tuition fees. To get a student visa, you will still have to prove you can pay the remainder of your tuition fees and your living expenses.
  • Scholarships are only offered to privately funded students who are not in receipt of other forms of financial aid (e.g. teaching assistantships or other awards). Government sponsored students are not eligible for scholarships.

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