Im a 12th-grader exploring financial options for studying abroad. Could you provide information on scholarships and other funding methods?

Question

shreya poojary · Accepted Answer

Here is a list of scholarships that you can look for after passing class 12th
Tata Scholarship
This scholarship allows Indian students to study at Cornell University, the USA, for their undergraduate courses.
Vice Chancellor&rsquo;s International Scholarships
Newcastle University offers these scholarships to students who have been offered a place to study at the university based on merit and diversity priorities.
Chinese Government Scholarships
These scholarships are offered under the India-China Cultural Exchange Program to students applying to Universities in China for undergraduate programs.
UBC International Leader of Tomorrow Award
The University of British Columbia offers the Award to international students applying to their undergraduate courses. 
Please follow this process for applying for the scholarship:
1. Register for the scholarship, usually by completing an online application form.
2. Check your inbox to make sure you&rsquo;ve received the confirmation email.
3. Write a personal statement or essay. There are enough models on the internet
but remember to be original and impress through your unique experiences and ideas.
4. Get official proof of your academic, athletic, or artistic achievements. Translate the documents if necessary &mdash; it usually is.
5. Or get official proof of your low income or nationality (for region-based scholarships). Again, a translation might be necessary.
6. Proofread all documents for errors and send them to the scholarship provider.
7. Submit the acceptance letter from the university (or an official document from the university proving you&rsquo;ve been accepted). You won&rsquo;t receive the scholarship without confirming that you will begin your studies.

Sonali Bisht · Answer

As a study abroad expert, I recommend a multi-faceted approach to securing financial support for your studies overseas. Start with scholarships: check your target universities for opportunities, as well as larger governmental and international scholarships like the Fulbright or DAAD, which are prestigious and comprehensive.
Beyond scholarships, student loans are another primary source of funding. In the U.S., international students can apply for private loans, though they often require a U.S. co-signer. Alternatively, your home country might have loan programs designed to help students study abroad.
Lastly, don't ignore smaller bursaries and grants that can provide supplementary funding. These might be offered by non-profits, private companies, or even cultural associations interested in promoting educational exchange. Combining these sources can significantly reduce the financial burden of studying abroad, allowing you to focus on your academic and cultural experience.

Nitin Chauhan · Answer

When considering studying abroad, understanding your financial options is crucial. Scholarships, grants, and student loans are the primary methods to fund international education. Let's delve into these options to help you plan effectively.
Scholarships and Grants:
Scholarships are one of the most sought-after funding options because they don't require repayment. Many universities, private organizations, and government bodies offer scholarships based on merit, need, or specific criteria such as field of study, nationality, or gender. For instance, the Fulbright Program offers scholarships for international students to study in the USA. Additionally, explore scholarships offered directly by the universities you're interested in, as they often have a variety of awards available for international students.
Student Loans:
Student loans are another common method to finance studies abroad. In the U.S., students may apply for federal student loans, which often have lower interest rates and more flexible repayment terms. Private loans are also an option, though they usually carry higher interest rates and require a credit check. It&rsquo;s important to compare the terms from different lenders to find the most favorable conditions.
Work-Study Programs:
Some countries allow international students to work while studying. This can be an excellent way to offset education costs and gain work experience. However, be sure to check the work permit regulations in your host country as they vary significantly.
Crowdfunding and Sponsorships:
Emerging options like crowdfunding through platforms like GoFundMe, or seeking sponsorships from local businesses or community organizations, can also provide financial support.
Ensure that you meet the eligibility criteria for each scholarship or grant and tailor your application to highlight why you are the ideal candidate.

I'm a 12th-grader exploring financial options for studying abroad. Could you provide information on scholarships and other funding methods?