FINANCIAL AIDS AVAILABLE TO STUDY IN UK

Study in the UK is a dream for millions of students which they harbour from their childhood but not everyone sees their dream come true. Numerous factors straitjacket Indian students from relishing their dream. But the major factor which restricts students is the cost of education and living. Financing the expenses abroad is primarily the most important factor that can decide whether you can study abroad or not. Therefore, for subtle aspirants, scholarships and financial aids are provided to help them in financing their studies. Meritorious students get a chance to use their academics and skills to finance their education in the UK either partially or fully. The scholarships are listed below: 

1. British Council

2. Chevening UK Government Scholarships

3. Tata Scholarship

4. Fulbright-Nehru Master’s Fellowships

5. Fullbright Fellowships

6. Erasmus Scholarships

7. Royal Society Grants

8. Hubert-Humphrey Scholarships

9. The Mahatma Gandhi Scholarship Programme

10. Commonwealth Academic Fellowships

11. Commonwealth Split-site Doctoral Scholarship

12. Great Scholarships

13. Charles Wallace India Trust Scholarships (CWIT)

14. Scotland Saltire Scholarships

15. Dr Manmohan Singh Scholarships

16. Goa Education Trust Scholarships

17. Inlaks Scholarship

18. The Felix Scholarship

19. Rhodes Scholarships at University of Oxford

20. University of Westminster Scholarship

21. Queen Mary University Scholarship

Due to a large number of applicants, the competition will be tough and fierce. Some scholarships are specially for those who cannot afford education and some for academic excellence. Scholarships are also of different types like some are from the UK government while some are offered from institutes based in the UK. Some scholarships are also university-specific, which means that they provide financial aids to students for their university only. 

Criteria for applying to scholarships to study in the UK for Indian students 

1. The prime criteria for most of the scholarships is a good score in academics. 

2. Some criteria depend on the type of program you are going to study and where you are going to study. For example, you are enrolling in some research-centric course, then you may have to submit written assignments. 

3. Every scholarship has its prerequisites. Only some of them are common among other scholarships.

4. While some scholarships will mark you based on your involvement in extracurricular activities and volunteering services also. So, be prepared accordingly. 

What amount will be offered through scholarships? 

1. Generally, the amount is always stated in the scholarship. Either you will get an exact cash prize or they will fund your studies partially or fully. 

2. Some research programs finance 100% of your tuition fee along with covering your living expenses either partially or they can choose not to. 

Apart from scholarships, another option available is educational loans. Education loans are offered by many Indian banks at easy repayment schemes without any rigorous burden. This is how you can plan for your future in advance. 

Education Loan: Facts 

1. Education loans are available to those between the age group of 18 to 35 years.

2. Short-term courses are not covered under education loans.

3. No security is demanded granting education loans up to Rs. 4 lakhs. For loans more than 4 lakhs and less than 7.5 lakhs, a third-party guarantee is required. And for loans of more than 7.5 lakhs, tangible collateral security is required. 

4. A co-signer is required which can be your sibling, parent, spouse, or other family members, for full-time courses.