Lovish Rawal

Why is the University of Pennsylvania considered one of the top universities in the USA?

Why is the University of Pennsylvania considered one of the top universities in the USA?

Ratings may mislead, but they can’t be wrong all the time.

 

University of Pennsylvania Rankings: National Rankings

• QS US University Rankings, 2021: #10. th
• US News Rankings, 2022: #8 th
• THE US College Rankings, 2022: #12th.
• CWUR National Ranking, 2020-21: #6th

If you are planning to do your Master’s in the USA, you must have considered the University of Pennsylvania at least once.

In this article, we have highlighted what makes the University of Pennsylvania such a great place to study and how you can choose a university that is the best for you.

1. Enviable rankings from different boards

The first thing you might check while looking for a university to study abroad is the rankings. Rankings are numbers, hence quantifiable. This eases the process of deciding on a college.

The University of Pennsylvania is ranked well. Take a look

Ranking Organization

Rank (in 2022)

QS World University Rankings

13

US News and World Report

8

Academic Ranking of World Universities

15

Times Higher Education World University Rankings

13

2. Notable Alumni Who Have Changed The World

The University of Pennsylvania has fostered some of the brightest minds in the world. The level of achievements of the graduates of UPenn has put it into a class of its own. Here are some of the notable alumni and some of their contributions.

Elon Mask

One of the widely recognized inventors of this century. He is known for Tesla, SpaceX, PayPal, The Boring Company, and more. He has a degree in economics from Wharton School and another one in physics from UPenn.

Anil Ambani

A well-known figure in the world and known as the chairman of the Reliance Group, Anil Ambani holds a Master’s in Business Administration (MBA). The billionaire is a proud graduate of the Wharton School, University of Pennsylvania.
 

Sundar Pichai

The Indian origin CEO of Google has quickly become a household name after his contributions to the valley. He, like Anil Ambani, has an MBA from the Wharton School, UPenn. Sundar became the CEO of Google in 2015, 11 years after he joined the company as the Head of Product Management.
 

Donald Trump

Most people remember Donald Trump as the controversial businessman who became the 45th president of the US. He started at Fordham University but dropped out after two years to go to the University of Pennsylvania. “I decided that as long as I had to be in college, I might as well test myself against the best,” Trump said in his book, “The Art of The Deal”. He graduated in 1968.
 

Aditya Mittal

The CEO of a multinational steel manufacturing corporation holds a degree in economics from the Wharton School at the University of Pennsylvania. He was ranked 4th in Forbes’ “40 under 40” list in 2009. The presence of stellar alumni helps the aspiring students of that college to push their limits. It also shows the quality of education and environment Indian students can look forward to.

3. Average Salaries Of Graduates

One of the lucrative reasons for studying abroad is the higher earning potential for Indian students. Graduates from the University of Pennsylvania have an edge in that area as well. Here are the average salaries of graduates in some fields.
Name of the Master’s degree Average salary
Finance and Financial Management Services $183,600
Management Sciences and Quantitative Methods $181,500
Business Administration, Management and Operations $165,700
Marketing $134,000
Mechanical Engineering $73,800

Of course, these are the average numbers, which means the highest salaries for these branches are even more. This is a very promising sign for students who take an education loan for studying abroad.

 

Get low-interest low collateral loan options in 48 hours.

Is the University of Pennsylvania right for you?

Although the University of Pennsylvania could be a great choice for you, you still need to have multiple options. One of the many reasons is UPenn has an acceptance of 9%.

 

Having multiple options puts you in an advantageous position because you will be the one making the choice.

Here is how SelectRight will help you choose the right college.

1. Get personalized college recommendations

After you create a profile, we will ask you a few questions that will help us understand you better. Things like your field of choice, how many years of work experience you have, etc. We have over 500 universities in our database that we analyze on 100+ parameters. With the information you have provided about yourself, we will be able to give you personalized college recommendations that are perfect for you. We will send personalized college recommendations directly to your inbox. We implement data analysis by comparing your profile with the existing ones in our database and send you the list of colleges that will be the best for your career.

2. Save time in your college hunting process

College rankings and quality, budget, and academic records are some of the many things that you will have to keep in mind while hunting for a college to do Master’s. That often leads you to read blog articles, watch videos, scour through websites of different colleges and universities, and take part in forum discussions. SelectRight will send you college recommendations directly to your inbox. We have a simple five-step process for college hunting. Create your SELECT account and answer a few questions. We will take care of the rest for you.

3. Choose the right college

While looking for colleges, you will have to go through a ton of blog posts, videos, and forum discussions. Even with all of that investment, the chances you will land the right college are still low.

Why?

Your attention is limited. No matter how focused or organized your research methodology is, you cannot focus on all the parameters, let alone remember them.

Another reason is a lot of information there is doctored. The truth is every student and their needs are different. There is no one-size-fits-all. However, agencies and private colleges create sponsored content that might trick you into choosing the wrong college.

Our in-house experts will give unbiased advice to you.

We will only reveal the details that will help them recommend good colleges. The rest of your data will be private.

4. Ask all your doubts

While going abroad to study, you might have a lot of burning questions. Some of it might be related to your place of stay, others might be related to your college. More often than not, students don’t get actionable answers for either of those.

We have a Discord server, where we constantly answer all the questions of aspiring students.

We will connect you with alumni and students who have been in your shoes and they will answer all your questions.

5. Interact with your future alma mater

To give you an extra edge, we have gone the extra mile to deliver you the opportunity that not a lot of students get.

 

SelectRight hosts exclusive Q&A with universities worldwide.

 

Events like those will give you a direct opportunity to interact with your future institution. You might have some questions that even our experts and network of alumni may not answer to your satisfaction.You can use this chance to be an informed student.

Sign up on SelectRight today

Answer a few questions and get personalized university recommendations in your inbox.

You will do your Master’s once, so do it right.

Get started here.

What Qualifies as Proof of Funds for Student Visa Process?

What Qualifies as proof of Funds for student visa process

Ever been in a situation where you have to fill out long meticulous forms, produce dozens of documents, and then wait for them to get approved?

If not, that sums up the international student visa process for you.

Imagine if you make one tiny mistake after all that hard work and now you have to go through the entire process again.

Good thing you just have to imagine it and not go through it, because the internet has landed you on the right page.

Read this full piece and get details on everything about proof of funds for the international student visa process.

Table of Contents

● What Qualifies as Proof of Funds for Student Visa Process?
● List of Financial Documents Required for Student Visa Process
     ○ Bank Statements
     ○ Scholarship Letters
     ○ Sponsorship/ Affidavit of Financial Support
     ○ Loan Approval Letter
     ○ Bank Letters
     ○ Property Evaluation Report
     ○ Loan Capability Certificate

What Qualifies as Proof of Funds for Student Visa Process?

Every country has different requirements for international students of different nationalities. There is no standard list that applies to every country.

So, we have curated a list of documents for you that are more or less common for the visa process in all countries.

Check out: 15 Study Abroad Visa Documents You Must Prepare Right Away

1. Bank Statements

You will have to provide your bank account statements for the past set period of time. For instance, for Canada Study Permit, you need to submit your bank statements for the past four months.

For the US Study Visa, on the other hand, you will have to submit your bank statements for the past three years.

Other than the set duration, here are some things that you must get clarity on as these are country-specific formats.

● Some countries specifically require the saving account statements of the student, whereas some require statements of the person supporting the student.
● Usually, the Current Account Statements are not accepted. So, you have to confirm whether your destination country requires your Saving or Current Account Statements.
● The scanned copy of your statements should be duly signed and stamped by your bank. It shouldn’t be an e-mail attachment or a digital copy produced through Net-banking.

2. Scholarship Letters

● If you have availed a scholarship, this document is a must for you.
● You can use your scholarship letters to prove your financial capacity.
● Whether it’s a scholarship provided by an institute/ university or a government grant, you will have to attach a copy of the official document with your Visa application

3. Sponsorship/ Affidavit of Financial Support

This particular document is not strictly a proof of funds. However, if your program is being sponsored by someone, you can produce an Affidavit of Support to validate your financial capacity.

Some universities in the US and Australia as for this document along with other financial documents.

This is basically a notarized document proclaiming that another person will be sponsoring your education along with the living expenses. While providing this document, keep a few things in mind:

● You may have to attach the Proof of Income/ Bank Letters of the sponsor along with this document.
● Often, direct blood relatives are required to provide this affidavit. Your parents, spouse, grandparents, maternal and paternal aunts, and uncles can provide this, but a distant relative can’t.
● If your aunt or uncle is providing the document, the affidavit has to clarify the reason behind their sponsorship along with claims of sufficient funds.

4. Loan Approval Letter

If you have taken a loan, you can easily collect a Loan Approval Letter from your bank and use it as proof of funds.

But before you submit the document, keep in mind that:
● It must be duly signed and stamped by the bank
● It must clearly specify the loan amount along with your name
● Must have a specified date of amount disbursement
● Must mention that the loan has been fully sanctioned after meeting all the terms & conditions.

5. Bank Letters

● These are the documents that are provided by your bank mentioning important information like the nature of your account, balance, etc.
● All these letters must be duly signed and stamped by the bank.
● To reflect the account balance, the document must also clarify its conversion in the currency of the country of your choice along with the conversion rate. (For eg. Account Balance = ₹ 12,00,000, equivalent to US $ 25,875.02 at a conversion rate of US $ 1 = ₹ 77.29.
● Bank letters reflect Fixed Deposits (FDs) helped by sponsors as well. Certain countries do not accept FD amounts. So, you will have to check with the official authorities on that.

6. Property Evaluation Report

● If you are looking to study in New Zealand and Australia, you might have to produce this document.
● You will need to submit this document if you have taken a student loan against your property.
● A competent authority like a financial institution or your bank prepares this comprehensive report.
● For this report, you will need details like images of the property, size, specifications, and ownership documents.

7. Loan Capability Certificate

● This is not a Loan Approval Letter, however, somewhat similar. Many universities in the US as for this certificate to issue form I-20.
● As the name suggests, this document is provided by the bank proving that you are capable of getting a loan for your education.
● The certificate must include information like your name, loan eligibility amount, etc.
● Just like every other bank-issued document, this one should also be duly signed and stamped.

Other than these documents, you can also provide an EPF or GPF statement confirming withdrawal availability, a CA Certificate, etc.

All these documents to just begin the process?

Feeling overwhelmed? Need a hand?

Well, we are here to help you select the right university at your favorite study abroad destination. Find your best fit based on personalized recommendations and through our team of expert advisors.

Let’s make your journey easier!

Looking to Study Abroad? Here’s How to Find the Best Universities in the World

Looking to Study Abroad? Here's How to Find the Best Universities in the World

Even students who study in the best universities in the world can, and often do, regret their choice of university or college. We’re not talking through our hats here: The Student Room, which is the world’s largest online student community, has published research that tells us that one in every five students would not choose their current university if given another choice. It’s a saying you hear often: “nothing is worse than regret”, and this particularly applies to students. Some people may choose the wrong degrees or courses and others may choose the wrong university or college. So many students desperately want to go to an Ivy League College or to attend one of the Russell Group Universities but allow us to tell you a secret: it’s all in the marketing. Are we saying that Oxford and Harvard are overhyped? Of course not. They’re fantastic universities, among the best in the whole wide world. But the reason they are so well-known is that they are marketed very well. These institutions have huge marketing budgets and also host massive student outreach programs to further increase their applications. study abroad

Ivies Are Not The Only Option

However, there are so many other options that prospective students fail to consider for various reasons such as: 1. Smaller universities not being in the public limelight. 2. Lesser-known universities do not have that “prestige” factor. 3. They think that they cannot afford the smaller schools because they have a lower student aid budget. Finding the university that makes you happy and also figuring out how to fund your journey are the two major aspects of higher education — and GradRight helps you out with both those things, comprehensively. Use our SelectRight tool to help you select the best-fit university for you, with personalized recommendations. It is an enhanced, artificial-intelligence supported service that helps the student in the selection process when they are choosing their university. Believe us when we say that your choice of university will clearly have an impact on the rest of your life, so it is imperative that you choose wisely. Best Universities in the World

The Basics: Factors to consider when choosing a university

With a few exceptions, the best universities are located in the United States, The United Kingdom, Canada, New Zealand, and Australia. Here are the pointers that you should keep in mind when choosing a university, because it is a lifelong investment, and there is a lot more to it than the name on the degree certificate. 1. The ranking isn’t always indicative of the quality of education. Though university rankings are generally decent indicators of a university’s prowess, there are a lot of internal politics on those lists. A good rule of thumb is to treat the lower spectrum of those lists equally: there’s not much difference between a 60th and a 100th ranked institution. 2. Check out what sports and societies the University has on offer. While most universities will have a huge library of activities and sports for their pupils to enjoy, there may not be something for you to do. All work and no play makes Jack a dull child, so it is important that there is a proactive outlet for you while at school. 3. Take a long look at student accommodation. Chances are high that if you’re going to university, you’ll be living away from your family, possibly for the first time. Don’t worry about your roommates either — it takes about two days to become lifelong friends with your flatmates in the shared kitchen. Now that we’ve figured out how to shortlist prospective universities and colleges, it’s time to go into a bit more detail about how to determine whether your chosen schools will be a good fit for you.

Find The Best Universities In The World

Now that we’ve told you that rankings do not really matter as much as some people would have you believe, let’s learn about the things that set the Ivy League, Russell Group, and similar universities apart. Universities like Cambridge, Oxford, The University of Tokyo, MIT, Stanford, and Harvard often find themselves featured on the “Top Ten” lists of various independent review organizations. Here are the features that ensure that they keep their spots on those lists. Your chosen university needs to have the following three points, and if it does, then rest assured that it is a good place to invest your time and money in. 1. A significant concentration of talented professors and students alike. All universities that are worth their salt are focussed on their primary mission of imparting education. As such, these universities will focus on admitting students to their colleges without considering national borders. This practice allows those universities to consider new ideas, approaches and learning styles. This practice also extends to their staff: good universities often have a good percentage of overseas faculty. 2. The right “aesthetic”. Choosing a university for yourself is, at the grassroots level, an extremely personal choice and is often rather subjective and relative to the chooser. This is why it is imperative that any prospective student chooses the place where he or she will be the most comfortable. After all, you will be spending three to five years of your life there, which is why it is of utmost importance that the university be to the prospective students’ liking. A good way to figure this part out is to attend the university’s student outreach programmes or university fairs. All universities worth their salt have these fairs, and they are a great way to see for yourself what student life at these universities is like, and judge for yourself if you’ll actually enjoy life there. 3. The amenities that the college has to offer. It’s almost never the same in real life or in practice as it is on paper, so you be the judge. If a particular college in a university appeals to you, ensure that it has at least a few amenities other than the standard library, pool, and acreage. Course-specific amenities that a good university could offer include internships (virtual or physical) with field-relevant companies, placements, recruitment fairs, sports scholarships, and a strong extracurricular and co-curricular programme, as mentioned earlier. To clarify, because these two terms often confuse people, “extracurricular” references things like debate societies, sports clubs, and other activities that are unrelated to your academic track record at school. Co-curricular are out of the classroom activities that still pertain to your course load. A good university will have a healthy mix of both extracurricular and co-curricular activities. However, these were only the three main (and very broad) guidelines on how a candidate should select their university. Those three pointers are more of a “how to think” guide than a “pick this” direction. Choosing a university is a very personal matter, which is why it needs to be a personalized process, which is exactly what SelectRight gives you.

Seven Reasons To Choose SelectRight

1. First and foremost, SelectRight is 100% unbiased and opinionated, unlike the agents and career “counselors” who have tie-ups with loan providers and similar ventures, who will push you to the college that is best for their bottom line, not your success. 2. Whether you are a STEM student, CS scholar, or MBA aspirant, SelectRight will have something for you. SelectRight analyzes over 6 million data points from more than 10,000 college programs across disciplines, with more being added everyday. 3. New colleges and universities are being added to SelectRight every single day, but if the program that was of interest to you wasn’t listed, you could always contact GradRight support and request that the course or program be added. 4. SelectRight is a comprehensive list of fundable, realistic programs at good universities that the applicant is suited for. 5. SelectRight also does something unique: it taps into the alumni networks of the courses and colleges that it suggests. This allows participants in SelectRight programs to get real, first-person, actionable advice from people who have lived in the college and in the area, who will give practical suggestions. 6. SelectRight also offers expert-level guidance and advice on your application to the suggested colleges, every step of the way and doesn’t leave you hanging with a “apply here” list of schools. 7. Aside from the above, if you have any other queries, SelectRight’s support team is always on hand to help out with any issues.

Things To Remember

Here are a couple of points that every prospective college-goer should bear in mind when choosing a college.

1. The university staff roster does not need to have multiple nobel prize nominees, proper experience (both in teaching and their fields is more than enough).

2. Going to college is an achievement in and of itself. Only about 40% of high school graduates even enroll in college, and even fewer actually go, and even further lesser graduate, which is why going to any institute of higher learning is a pretty big deal.

3. It isn’t necessary to go to one of the ivy leagues or Russell Group or otherwise these cream-of-the-crop universities. They are good, no doubt, but most of their “hype” is just marketing.

4. There are so many other options out there that people don’t consider — you never know, you may fall in love with a smaller state university. The key is to keep an open mind.

And with that, allow us to wish you the very best of luck in your quest to find a good school for yourself, and hope you have a wonderful college life.

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Getting Education Loan For Studying In Canada Just Got Easy For Indian Students

Getting Education Loan For Studying In Canada Just Got Easy For Indian Students

Get low-interest loans in two days.

Yes, within 48 hours.

In your email inbox.

Here is how we can get you the perfect education loan to study in Canada.

How Fundright Get You The Perfect Education Loan To Study In Canada Fast

Education Loan For Studying In Canada

FundRight gives a lot of advantages to Indian students who want to do their Master’s in Canada. Here is a complete list of the benefits you can look forward to.

1. Get Loan options within 48 hours

If there is one challenge that international education loan applicants face, it is the unreasonably long turnaround time (TAT) of the banks.

It can range from a few days to a few weeks depending on the mindset of the bank employees. Your application will be delayed naturally when the bank asks you for numerous documents that take days to obtain. Then, the slow pace of paperwork in banks will delay it further.

FundRight sends you loan options to your email inbox within 48 hours.

That’s right. We need two days because that’s how long it requires. Create your profile, tell us a bit about yourselves and we will send you the best loan options that you can choose from.

2. Compare 30+ moneylenders before choosing the best option for you

By manually sending loan applications to banks, you will have 3-5 options at most. Also, these options will be limited to your geographical location.

With FundRight, you can select the best from 30+ options.

We will get you quotations from public banks, private banks, Non-Banking Financial Companies (NBFCs), and international moneylenders. They will compete among themselves to give you a student loan for studying abroad.

3. Save 2-5% on your student loan interests

It is our objective to get you a low-interest no collateral education loan to study abroad. We ensure that outcome by having moneylenders bid on your profile and leave it to you to make the choice.

The interests decide what kind of a lifestyle you can lead while studying and how much sacrifice your parents need to make.

FundRight gets you a no collateral loan with the lowest rate of interest.

We have empowered countless students by reducing the burden of high-interest education loans for studying in Canada. You can save up to ₹23 lakhs in your loan journey.

4. Receive unbiased expert guidance

New loan applicants are swarmed with advisors who help them choose the best loan option. Often, these advisors are bank agents or at least affiliated with banks. Their recommendation is always in the best interests of the institutions they are representing.

At FundRight, we will give you unbiased advice.

To ensure that, we hide identifying details from your profile and show only the relevant details to our in-house experts. Our experts have already helped countless students make a wiser financial choice while choosing an education loan for Canada.

5. You Will Get It All From Your Home

Did we mention that you don’t even have to step out of your house to do all of that?

Studying abroad is one of the most exciting moments of your life. But that all goes away because you have to run to and from banks, government offices, and more. It is hard to think about your future when you are occupied by problems.

Fortunately, we have a solution for that.

FundRight saves you weeks of hard work.

Create your profile today.

study loan for Canada

The next thing for you is to start thinking about your stay in Canada and all the opportunities you will have access to. But it is not just career opportunities that make Canada a great destination for students.

Canada is now the new destination for ambitious Indian students for a variety of reasons.

Why Should You Study In Canada?

Canada is increasingly becoming the popular choice among Indian students who want to do their Masters abroad. Here are some of the benefits you can look forward to if you choose to study in Canada.

Less Tuition Fees

The average tuition fee for studying in Canada per year is about ₹15 lakhs as compared to ₹25 lakhs in the USA. That is ₹20 lakhs in two years.

If you are from a middle-class family in India, that makes a huge difference. Furthermore, due to globalization and drivable distance from the USA, you will have similar access to career opportunities.

Low Cost Of Living

Just like tuition fees, you will save a lot by studying in Canada as the rent is lower. On average, you will save at least 25% on rent and monthly expenses.

This will give you more financial freedom while staying abroad. Having more spare cash will help you deal with unforeseen situations easily. On top of that, your total loan amount will be lower.

Better For Immigrants

Getting permanent residency and citizenship in Canada is relatively easier as compared to the USA. Also, benefits like universal healthcare and cheaper education are great motivators for Indian-origin students to settle abroad.

One of the biggest reasons Indian students don’t consider Canada is because getting a low-interest education loan is difficult. We have listed the causes of this financial roadblock.

Challenges In Getting An Education Loan To Study In Canada

High-Interest Rates

Banks are known for high-interest education loans. There are numerous instances where people are surprised when they know that a car loan has a lower rate of interest than an education loan.

It will be even more if you take loans from private moneylenders and NBFCs.

If you don’t have collateral, your rate of interest increases drastically. This scares a lot of meritorious students away from chasing their goals.

Long Duration Before Approval

study in canada

Banks, especially government banks are known for their extremely slow paperwork. In this hyperfast world, you will be at a major disadvantage.

Your loan approval process in banks will be slower for a number of reasons.

1. It depends on the availability of the relevant bank employees.
2. Banks could get temporarily shut down if COVID-19 starts to infect people with the next variant.
3. You will have to get an extra document from a government office which will take its own time.

It is no wonder that getting a loan approval or the initial details will take at least a few weeks or even a month.

No Proper Guidance

This is the most important one.

Every student will have a lot of questions that they need the answer to so that they can make an informed choice. Unfortunately, a lot of online advice is doctored, sponsored by the banks to get more customers, or coming from people who have no idea about the process at all.

All these challenges are easily solved with FundRight.

Get low interest, low collateral international student loans in two days.

Create your profile today.

India's First Loan Bidding Platform

Get online lenders to bid on your profile to get the best student loans.

All You Need To Know About Student Loans for Studying in Australia

All You Need To Know About Student Loans for Studying in Australia

As of January 2021, over 1 million Indian students study outside the country. And 77,000 of the students study in Australia.

Australia has some of the best-ranked universities in the world. However, when compared to 15 other popular study destinations, the cost of studying in Australia is the highest.

That’s why student loans for studying in Australia are necessary. Getting funding from any source is a hurdle and a half. But using FundRight will make the experience so much better for you.

We have over 30 lenders on our platform. You can compare all of the rates from your home.

What’s more, lenders will bid to give you a loan on our platform. This way, you can get the lowest interest rate for your study abroad loan.

But now let’s talk specifics about student loans for Australia.

Cost of Studying in Australia

Degree-wise breakdown

International students make up a fifth of the higher students in Australia. So universities in Australia lost a significant portion of their revenue in 2020. So the cost for many courses increased multifold in Australia.

Here’s a breakdown of the approximate cost for various courses in Australia in 2022.

Degree

Cost in AUD

Cost in INR

Arts

$58,000

₹31,63,763.70

Engineering

$37,000 – $49,000

₹20,18,263 – ₹26,72,835

Medicine

$255,200 – $630,000

₹1,47,13,500 – ₹3,63,22,500

Computer Science

$38,000 – 92,000

₹20,72,810 – ₹50,18,384

Psychology

$32,000 – $50,400

₹17,45,525 – ₹27,49,201

Other expenses

Australia is a pretty expensive country to live in. So international students will also have to spend a large portion of their budget on their living needs.

Here are the average monthly living costs for various cities in Australia without rent.

● Sydney: $1,446.69
● Melbourne: $1,222.10
● Adelaide: $1,311.06
● Canberra: $1,222.10
● Perth: $1,296.13
● Brisbane: $1,394.91
● Newcastle: $1,281.27

A large one-time expense you’ll have to plan for is your student visa. A student visa for Australia costs $630. That is approximately ₹35,000.

If you are planning to work in Australia after finishing your course, then you’ll need a temporary graduate visa. This costs $1,680 or ₹92,000. Though this won’t be an immediate cost for you, it’s one you’ll need to plan for.

Getting A Student Loan for Studying in Australia

It’s always a good idea to be ahead of the loan application game. Some banks can drag the application process for more than two months.

Plus, you need to show proof of funds for getting a student visa to Australia. So start your loan research process parallel to the college applications. And once you get your admission, immediately apply for the loan.

But, if you do find yourself in a situation where your visa appointment is next week and you still don’t have a sanctioned loan, worry not. FundRight can ease your pain. If you’re in a crunch, we can get your loan approved in 2 days.

If you’re not, then we can help you find the best rates. We are India’s first loan bidding platform. You can choose between 30+ lenders to get your education loan for Australia.

Potential Providers

There are widely two types of education loan lenders – banks and NBFCs. And even within banks, you can borrow from nationalized banks or private banks.

The key difference between these types of lenders is the interest rate you’ll pay. Typically, NBFCs have higher rates of interest. This is because they have to cover their borrowing cost and spread.

But the benefit you get with NBFCs is the option of not submitting collateral for even high loan amounts. This applies only in specific cases. And you can also get the loan sanctioned quicker.

Banks, especially nationalized banks, will have a lower ROI. But, the processing time in banks is typically longer. In India, most banks don’t offer loans over 4.5 lakhs without collateral. So that’s another point to consider.

Student Loans for Australia

 

Process For Applying

Most lenders will need your offer letter from your college. So step one is getting accepted into a program in Australia.

Your next order of business should be to research the best interest rates and terms for your study loan for Australia.

No matter the final lender you choose, the documents you’ll need to submit are pretty much the same. So make sure you have all your documents prepared. Here’s a list of the documents you’ll need.
     ● PAN Card (of applicant and co-signer)
     ● Aadhar Card (of applicant and co-signer)
     ● Academic Records – 10th, 12th, and UG mark sheet if applicable (of applicant)
     ● Passport Sized Photo (of applicant and co-signer)
     ● Cost of study documents
     ● Proof of admission
     ● Co-signer’s income proof, bank statements, and IT records

Once the lender approves your application, you’ll sign an education loan agreement document. This document will dictate the terms of repayment and interest type.

Wait, there’s more.

How To Allocate Your Funds

Most lenders prefer to disburse your loan directly to your university’s account. But for studying in Australia, the embassy has different requirements.

For study loans for Australia, the lender should transfer the money to you, the student. You should then send your university the proof of receipt.

The university will then send you a Confirmation of Enrollment (CoE) letter. This is crucial for your Visa application process.

The money will reside in your Indian savings account with a hold on it. So only when you need the money can you access it.

The Easiest Way To Get Funds

Unless you enjoy jumping through hoops, FundRight is the best way to get an education loan for Australia.

Just submit your profile to us and we’ll help you find the right lender. Our financial experts can answer any questions you may have about the borrowing process. Write to us at grad@gradright.com to start your education loan process.

 

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Student Loan for UK: Costs, Funding, Lenders Interest Rates

Student Loan for UK: Costs, Funding, Lenders Interest Rates

UK is one of the leading study abroad destinations in the world. Housing 90 top QS ranked universities, the UK is a popular choice among students because of its quality education and innovative teaching methodologies. Despite being an international destination, UK is made affordable to the Indian bright minds thanks to the affordable education loans and UK’s student-friendly education system.

Most Indian students prefer studying in the UK as English-taught courses and Master’s can be completed in a year, allowing students to save on fees and accommodation. Additionally, to manage expenses, international students are also allowed to work for 20 hours a week during their course.

Working part-time in the UK helps students make a living during their course.

 After the completion of your course, the UK government allows you to work for 2 years with a post-study work visa. 

The average annual salary of a UK working professional ranges from 8 lakhs to 50 lakhs. Thus, offering an attractive career to anyone aspiring to move to the UK. 

Considering the advantages and number of international students in the UK, it is safe to say that UK is one of the easiest, safest and most accessible places to study. 

In this blog, let’s give you an overview of the cost of studying in the UK along with the top education loan lenders in India.

 

Cost of Studying in the UK: How Much Will You Spend in the UK?

Despite the affordability, the unmatched global exposure, living and cultural experiences cost you a hefty Indian rupee in the UK.
To give you an overview, begin with the university fees of the top UK universities.

 

1. UK University Fees: Study Cost of UK

Tuition fees for various UK undergraduate and postgraduate courses range from £8000 to £65,000.
Some of the top UK universities and their fees are:

UK University

Fees

Fees in INR

University of Oxford

£22,930 – £65,520/year

Rs 21,99,198 – Rs 62,83,967 lakhs

University of Cambridge

£23,340 – £60,942/year

Rs 22,38,519 – Rs 58,45,152 lakhs

Imperial College London.

£31,750 – £57,200/year

Rs 30,45,851 – Rs 54,87,328 lakhs

The University of Edinburgh

£23,200 – above/year

Rs 22,25,426 lakhs

The University of Manchester

£21,000 – £32,000/year

20,14,730- 30,70, 065 lakhs

The University of Nottingham

£15,600 – £16, 200/year

Rs 14,96,999 – Rs 15,54576 lakhs

The University of Southampton

£19,300 – £23,720/year

Rs 18,51,298 – Rs 22,7,274 lakhs

King’s College London

£21,870 – £42,840/year

Rs 20,97,829 – Rs 41,09,273 lakhs

University Of Bristol

£21,100 – £25,900/year

Rs 20,14,730 – Rs 24,84,364 lakhs

University of Glasgow

£9,175 – £52,000/year

Rs 8,80,079 – Rs 49,88,028 lakhs

University College London

£31,200 – above per year

Rs 29,93,170 lakhs

London School of Economics and Political Sciences

£23,330 – above per year

Rs 22,37,541 & above

Suggested Read: How To Choose Among Top UK Universities To Study Abroad?

Fun Facts About Studying in the UK

● Durham University, UK offers an entire course module on Harry Potter. However, there are no flying lessons involved (pun intended).

● Other unique courses offered in the UK include Parapsychology (for paranormal activities), Equestrian Psychology, Sports Science and more. 

Check out help guides to apply to UK universities abroad.

2. Visa and Travel Expenses
To study in the UK, you will have to take a student visa depending on the type and duration of your course.
Also, acquiring a tier 4 visa requires you to show £1015/month (₹90,000) as proof of sufficient funds to study in the UK.

Type of Visa

Application Fees

Short-term student visa (6 – 11 months)

INR 19,369

Tier 4 student visa

INR 36,238

Flight fares vary depending on seasonality. However, you will have to pay about Rs 50,000 – Rs 90,000.

3. Accommodation Costs

Students looking to rent private rooms or one-bedroom apartments would have to spend around £400 – £600/month.

Cheaper options such as residence halls costing around £300 – £500/month are provided by the universities too.

4. Commute Costs

Public transport system in the UK is easily accessible and well connected.

For the benefit of students, the UK offers student passes that can be obtained at just £32/month.

So, the estimated cost of commuting within the UK will cost you about Rs 3,021.

5. Food Costs

Estimated monthly spend on food in the UK is about £160 – £200 (approximately INR 15,000 – 20,000).

Cooking on your own would reduce the cost by half to approximately INR 7000 – INR 9000.

6. Health Insurance and Other Costs

Essential services like electricity, water, gas, stationery, household goods, etc too are important expenses to keep in mind while studying in UK.

The over costs you will incur for other essentials will be around £50 – £120/month (INR 4,500 – INR 11,000).

7. Health Insurance

International students pay £470/per year for health insurance to study in the UK.

Round Off: A Wrap Up Cost Of Studying in the UK

Expense

Cost

Tuition Cost

7,10,000 – 62,83, 900 lakhs

Visa (TIER 4)

36,000 INR

Accommodation

30,000 – 50,000 INR per month

Travel

3000 – 5000 INR per month

Food

7000 – 20,500 INR per month

Other essentials

4,500 – 11,000 INR per month

Health Insurance (health surcharge)

40,000+ INR per year

Disclaimer: Currency and expenses vary according to timeliness, city, university, personal choice of expenditure, etc.

As a student, these costs might seem overwhelming. However, studying in UK is worth it.

After all, London has bagged the world’s best student city award by QS top university ranking.

Student Loans for UK: Funding Options to Study Abroad in the UK
Before opting for an education loan for UK in India, you need to be eligible to take a study loan.

To secure a student loan for UK, you should:
● Be a resident of India
● Should be between 18 to 35 years at the time of loan application
● Have confirmed admission to a recognized institution in UK
● A co-applicant who can either be a parent or spouse is required
● Co-applicants should have a stable income source
Types of Education Loan You Can Take to Study in the UK:
You can take up two types of loans to study in the UK, that are loans with collateral and non-collateral education loan.
A secured education loan for study abroad is when you will have to provide a security or collateral to avail a loan.
The pay-back interest amount on secured loans is comparatively lower than non-collateral loans.
The security can be tangible or intangible such as FDs or fixed assets such as property.
If a financial constraint worries you, banks provide student loans without collateral too as a solution.
Bank NameMaximum Loan AmountInterest RatePeriod of LoanLoan Eligibility
Bank Of BarodaRs. 60.00 lakhs9.70 – 11.20%Course period + 1 year or 6 months after getting a job, whichever is earlier. Repayable in 180 maximum installments for loan amount above Rs 7.50 lakhs

1. Should be an Indian National

2. Secured admission to foreign Universities/Institutions.

PUNJAB NATIONAL BANKNeed-based finance subject to repaying capacity of the parents/students with margin9.45 – 11%Maximum up to 15 years

1. Should be an Indian resident

2. should have secured admission in university abroad through entrance test, after completion of HSC or +2 equivalent exam

Central Bank of IndiaRs 10 lakhs – 20.00 lakhs

9% for male students

8.50% for female students

Repayment to commence 12 months after completion of studies or 6 months after securing a job whichever is earlier.

1. Indian national

2. Secured admission in foreign university

Canara BankNeed based financeOne-year MCLR + 2.00% interestRepayment up to 15 years after the completion of the courseIndian resident
State Bank of IndiaRs.20 lakh under SBI Student Loan Scheme and Rs.1.5 crore under SBI global Ed Vantage8.65% (0.50% less for girls)Repayment of the loan will commence one year after completion of the course or 6 months after securing a job. The maximum repayment period is 15 yearsAll courses having employment prospects are eligible.
Bank of IndiaRs. 20 lakhsOne-year MCLR+ b 1.70%15 years repayment period after course completionShould be an Indian National and secured admission in a foreign university
HDFC BANKRS. 45 lakhsPreferential interests rate provided if secured admissionRepayment up to 14 yearsIndian resident between 16-35 years of age.

By taking any of the listed loans with the help of FundRight, you get the best student deal possible to study in the UK.
The UK remains a favorite destination for its hassle-free application process.
While the universities provide hands-on learning approaches, it is also a great chance for students to experience the various cultures and explore the English heritage.

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What is the H-1B visa? Requirements, registration, and more

What is the H-1B visa? Requirements, registration, and more.

Dreaming of a bright future in the U.S.?

The H-1B visa might be your fast track to it.

Here’s everything you need to know about the H-1B visa, the requirements, application process and more.

What is the H-1B visa?

H-1B is an employment-based, non-immigrant visa for specialist workers in the U.S.

The H-1B visa allows U.S.-based businesses to hire foreign nationals in specialist roles. Hence, the H-1B visa is one of the most popular ways to get eligibility to work in the U.S.

What makes this visa different from any other visa, is that the H-1B is an employer-sponsored visa. That means your employer must offer you a job and then petition for your H-1B visa with the US immigration department.

If the petition gets approved, you will get a work permit and a visa stamp to work for that specific employer.

What is the maximum number of H-1B visas issued per year?

Since the H-1B visa was introduced in 1990, there has been a cap on the maximum number of H-1B visas issued every year.

Currently, the statutory cap is 65,000 H-1B visas for each fiscal year. But there are an additional 20,000 visas allotted for foreigners who have graduated with a master’s or doctorate degree from a U.S. university.

This makes it much easier for Indian students with a master’s degree / PhD from a U.S. university to get an H-1B visa. So consider pursuing a master’s program in an American university to fast track your chances of getting the visa (and better job opportunities)!

Since currently there is massive competition for the H-1B visa, the USCIS randomly selects H1b awardees by way of a lottery system. So those with pre-registered applications, who have completed the H-1B registration accurately, are included in the lottery selection every year.

The full-fledged paperwork for the actual visa application is filed, only after the lottery selection is done.

What does the H1B visa allow you to do in the U.S.?

H-1B Visa Requirements Registration

H-1B visa allows visa holders a great degree of freedom in America. As an H-1B visa holder, you will be allowed to:

● Work full-time for the petitioning U.S. employer
● Work for more than one U.S. employer (but you must have a Form I-129 petition approved           by each employer you work for)
● enter and exit the U.S. any number of times, with no restriction, as long as the visa is valid            (It is a multiple entry visa)

● go on vacation, sick/maternity/paternity leave, and go on strike.
● bring your spouse and unmarried children (under 21 years of age) to the U.S. as non-                  immigrant, dependants, under the H4 category visa.

But, remember this visa is valid only as long as you are associated with a petitioning U.S. employer.

H-1B visa eligibility criteria: Who is eligible for H-1B visa?

The H-1B visa is also called a Person in Specialty Occupation Visa. So apart from being an employment-based visa, it also requires that the visa holder be filling a specialty role.

The H-1B visa is issued only for specialists and requires you to have theoretical and practical skills in a specialized field.

Tthe U.S.-based employer must be able to justify the need for this foreign employee, by proving that the task cannot be accomplished by a U.S. citizen. (This may be because U.S. citizens might be unavailable or unqualified academically or professionally.)

To do this, the employer must receive applications from various candidates and must be able to show that the requirements for the job are best fulfilled by the foreign employee.

Now apart from the employer’s side of the story, you must also meet certain requirements to be eligible for an H-1B application.

First, you must be employed in a specialist role, by a U.S.-based employer that has an approved Labor Conditions Application (LCA).

Examples of some specialist roles include:
● IT specialists
● Architects
● Accountants
● University professors
● Doctors or healthcare workers
● Financial analysts
● Management consultants
● Lawyers, etc.

Apart from that, you must show exceptional qualifications for that specialist role.

This can include the possession of:
● A 4-year bachelor’s degree (or equivalent degrees)
● A master’s degree or doctoral degree
● Advanced training or vocational skills

Now you are eligible for the visa, if:
● you are currently residing in another country, but have gotten an offer of employment                 from a U.S.-based employer.
● you are an international student on a student visa / F1 visa studying in the U.S. (You can             apply for the H-1B visa either after graduation from an American university, or during OPT.)

H-1B visa requirements: What documents do you need to apply for an H-1B visa?

To apply for the H-1B visa you will need the following primary documents:

I-129 Petition: This form is used by your American employer to petition the U.S. Citizenship         and Immigration Services (USCIS) for you to temporarily come to the U.S. as a non-                     immigrant to perform services or labor.)
Approved Labor Condition Application (LCA) from the Department of Labor: This certifies          that the U.S.-based employer is allowed to hire foreign workers. It also states that the                  employer will offer them fair compensation and treatment.

Also submit supporting evidence, including documents like:

● A copy of your CV / resume
● A copy of the job offer (including your job role description)
● Proof of your educational qualification (+ credential evaluation, if needed)
● Your current passport + all previous passports
● A photograph of you which meets the ‘Digital Image Requirements’
● Receipts of fees payment

If you have lived or worked before in the US, then you will also need to submit:
● Current U.S. address
● Foreign address
● Social security number
● Day and evening phone numbers
● E-mail address
● Your tax return forms
● Names (and contact numbers) of your previous U.S. employers and supervisors (if any)

● Payslips for the past 12 months

What is the H-1B visa registration process like?

Before the formal H-1B visa application process starts, the lottery takes place.

To throw your hat in the ring for that, the initial USCIS H-1B Electronic Registration opens on March 9th, at 12:00 PM (Eastern Time). And it ends at on March 25th, at 12:00 PM (Eastern Time). The lottery winners will be notified by March 31st.

To be aligible for this lottery, the petitioning company (your employer) will need to create an account at on the USCIS website. The account must be made in the name of the person who will be signing your I-129 and G-28 forms.

Care must be taken to select the correct account type to ensure the pre-application isn’t disqualified.

There are three main types of USCIS accounts:
● Applicant/petitioner / requestor account: Cannot be used to submit H-1B applications. This        is used to prepare and file applications, petitions, or other benefit requests.
● Attorney / representative account: This account is selected by the attorney or accredited          representative will be submitting the H-1B registrations on behalf of the employer.
● Registrant account: This is the account that a prospective petitioner (your employer) must        create for the H-1B registration process. (Even if they are going to be using an attorney or          accredited representative to submit the registration.)

After this, if you are selected among the lucky few lottery winner, then you will have to follow the next steps:

● Fill in the Form DS-160. This is the most important part of the application, so follow all                    instructions carefully and provide accurate information.
● Schedule an interview with the U.S. embassy. You should try to schedule this interview as            early as possible, to ensure you get a slot on time.
● Pay the H-1B visa application fees or $190.
● Ensure all the required documents for the H-1B visa application are submitted in order.
● Prepare for and attend the H-1B visa interview.

Pro tip: During the interview, you should have all your documents in place, and be prepared to answer detailed questions about your workplace and job role.

Where does the H-1B visa petition need to be submitted?

The petition can be submitted to the USCIS in one of its four main locations in the U.S.:

● Nebraska Service Center (LIN, Lincoln, Nebraska)
● Vermont Service Center (EAC, Eastern Adjudication Center)
● Texas Service Center (SRC, Southern Regional Center)
● California Service Center (WAC, Western Adjudication Center)

Your employer will submit the petition at the closest USCIS service center.

Once USCIS receives the petition, they will issue you a unique case number. You can then use this case number to check your petition status.

H1B visa fees: How much does an H1B visa cost?

Apart from the $190 for the H1B application at the embassy, there are additional fees that need to be paid for an H-1B visa.

Most of these fees are paid by the employer, except for the ones that specify otherwise.

Fees involved in the H-1B visa application process include:

● Registration fee: $10
● Basic filing fee (form I-129): $460
● USCIS anti-fraud fee: $500
● For companies with 25 or fewer employees: $750
● For companies with more than 25 employees: $1,500
● For companies with more than 50 employees, where 50% of them are on H1B or L visas:                $2,250 (to be paid by employee)
● Premium Processing Fee*: $2,500 (optional, can be paid by either employee or employer)
● Public Law 114-113 fee: $4000
● Visa issuance fee: depends on the embassy/location (optional, can be paid by either                  employee or employer)

*For the Premium Processing Fee, either the petitioner (your employer) or the beneficiary (you) may pay. This premium service allows the H-1B visa to be filed and approved in just 15 days.

How long is an H-1B visa valid for?

The H-1B visa allows you to stay and work full-time in the U.S. for a period of 3 years. After this, you can apply to extend your visa for another 3 years, making it a total of 6 years.

But, your total stay in the U.S. under the H-1B visa cannot exceed a total of 6 years.

What is WES evaluation? How much are WES Fees? And more common FAQ’s answered.

What is WES evaluation? How much are WES Fees? And more common FAQ's answered

If you’re getting ready to apply for a master’s program abroad, then you’ve heard of WES evaluation.

Maybe you read it on the program application requirements list…

Or heard it from another student…

And either way, you’ve probably got a dozen questions buzzing around your head.

We’re here to give you all the details you need to know about WES evaluation for your master’s abroad.

Read on to find out:

● What is WES evaluation?
● Which countries is the WES evaluation valid in?
● Do all U.S. and Canadian colleges need a WES evaluation report?
● Which Indian universities are recognized by WES?
● The 2 types of WES evaluation. Which one should you choose?
● WES required documents.
● How to apply for a WES evaluation report?
● How many days does WES take to evaluate?
● WES fees: How much does a WES evaluation cost?

So without any further ado. Let’s dive into it.

What is WES evaluation?

WES is a non-profit organization that was established in 1974. It provides a recognized and accepted evaluation of your college academic transcripts, for American and Canadian institutions.

WES has provided more than 3 million evaluations to international students and professionals in the past few decades. And every year, it continues to prepare credit evaluations for 50,000+ people who are looking to study or work abroad.

So if you’ve done your undergraduate studies in India, and want to apply to universities in the U.S. or Canada for a master’s or PhD program… Then you might be required to submit a WES evaluation report along with your application.

But why do you need a WES evaluation report, and what does it offer you?

As you probably know already, the education and grading systems in the U.S. and Canada as very different from the Indian grading system.

There the students are graded on a scale of 0 to 4, with 0.1 point increments. And in India, colleges grade students on either a percentage (0% – 100%), or a CGPA scale (0-10).

Apart from this, with close to 1050 universities in India, it is hard for tovp American / Canadian universities to get an understanding of the quality of coursework and education that each of them offers.

So these universities often ask for a WES evaluation of your college transcripts, to get an understanding of how your scores compare in the U.S. / Canadian education system.

Where is the WES evaluation commonly used?

Countries where WES is valid:

WES evaluation reports are recognized and trusted by universities, licensing boards, government agencies, and employers across both U.S. and Canada.

But keep in mind, that a WES evaluation done for a U.S university cannot be used for a Canadian university, and vice versa.

So if you are applying to both Canadian and U.S. universities, you will need to apply for 2 different sets of reports specific to each country.
(Plus additional fees for each university that needs to be sent a report.)

So to save yourself some hard-earned money, be sure to shortlist a specific set of universities that are the best fit for your education and career requirements.

If needed, even use a smart tool like SelectRight to ensure that you are making the best college choices and maximizing the value of every dollar spent in the application process!

When is the WES evaluation report useful?

A credential evaluation by WES gives a stamp of validity to your “international education” degree from non-America universities.

Apart from being used for master’s and Ph.D. admissions, the WES evaluation is also sometimes useful for international jobseekers in U.S. or Canada. Some employers request that you send in “standardized” college scores for your job application. So you may need to send in a WES evaluation report to make it happen.

It is also used in some cases for professional licensing, volunteer positions, the immigration process, and more.

Do all U.S. and Canadian colleges need WES evaluation report?

No. Not all U.S. / Canadian colleges need their international applicants to send in a WES evaluation report.

Around 2,500+ institutions work with WES in the U.S. and Canada, to vet international applicants based on their standardized college scores… But even among those institutions, only some specific courses and colleges require a WES evaluation report.

So check your college and program’s admission requirements to confirm if they require you to send a WES evaluation report.

Which Indian universities are recognized by WES?

WES recognizes more than 48,000 global higher education institutions, from more than 200 countries.

And with regards to Indian universities, WES clearly states on its website:
“WES refers to official authorities in India, such as the University Grants Commission (UGC), All India Council for Technical Education (AICTE), the Ministry of Human Resource Development (MHRD), and other government entities as sources for accreditation.”

So if you have graduated from a nationally accredited university in India, then you do not have to worry. But if you still want to be sure, then you can use the free “WES Degree Equivalency Tool” to check if your university is recognized by WES.

If you don’t find your university in the list while filling out the form, you can always mail WES to confirm it.

Types of WES evaluation. Which one should you choose?

WES offers 2 types of credential evaluation reports: Document-by-Document and Course-by-Course.

Document-by-Document report:

A Document-by-Document evaluation report contains a verified description of all your credentials. This includes things like:
● The name of the credential
● The requirements for entry
● The program length
● The equivalency in terms of U.S. / Canadian education

Used for: Employment and immigration.

Course-by-Course report:

As the name suggests this evaluation report gives a detailed analysis of all the courses you’ve taken in your undergrad program.

This gives the U.S. or Canadian universities/institutions a better understanding of the specific subjects you’re educated in.

So this report contains all the information from the Document-by-Document evaluation, plus:
● A list of all courses completed at the college level
● A U.S / Canadian. semester credit and grade equivalent for each course
● A U.S. / Canadian grade point average (GPA) on a 4.0 scale
● A designation of the level (upper or lower) of each undergraduate course

Used for: Admission to higher education, professional licensing, etc.

What documents do you need for a WES evaluation?

The required documents for each WES evaluation is specific to the country you’re from, the degree you have and more.

You can find out the specific documents you will need for your WES evaluation report, on the WES Required Documents page.

But here are the two commonly-asked-for documents for a WES evaluation:
● Degree certificate (final or provisional)
● Statement of marks / All semester marks cards (attested)

Please note that all your documents must be:
● Issued by recognized educational institutions
● Issued in English (or translated into English)
● Signed and sealed (or sent digitally) by the appropriate authorized authority

How to apply for a WES evaluation report?

Once you have all the right documents in place, applying for a WES evaluation report is a simple process.

The three basic steps to apply for a WES evaluation report:

1. Create a WES account and fill in all the necessary information.

Note: You will need to create a separate account for U.S. and Canada, if you are applying to universities in both countries.

2. Send your required documents, physically or digitally.

If you are mailing them, remember to add your reference number to the sealed envelope.

3. WES will verify your documents and create your report.

It will also automatically send the report to your chosen recipients (colleges of your choice) along with a copy to you.

How many days does WES take to evaluate?

A Document-by-Document or Course-by-Course evaluation by WES takes around 7 business days.

But this is the time they take after they have received, reviewed, and accepted all your required documents and fees.

So make sure to add the additional time needed for:
   ● You / your university to send the required documents to WES. (This can be anywhere from  a couple of days if sent virtually; up to a week or more if sent via post.)
   ● WES to review and accept your documents (anywhere from 2-10 days).
   ● WES to send your finished report to your chosen universities (1-5+ days).

To avoid any extra delays, carefully review your required documents and ensure that WES receives them as quickly as possible.

If you want to expedite the process, WES offers faster delivery options for a marked-up price.

WES fees: How much does a WES evaluation cost?

There are 2 levels of service you can choose from, when it comes to a WES report: the ICAP report and the basic report.

What’s the difference, you ask?

The basic report will give you a total evaluation report of all your documents (either Document-by-Document or Course-by-Course, based on your choice).

The WES ICAP report will give you the evaluation report, plus deliver your verified transcripts to any recognized educational institution.

With an ICAP evaluation, WES will also store your documents after your credential evaluation has been completed. So you can have it again for future use, instead of having to order a fresh evaluation again.

Now obviously the price is different for each level of service. We have listed the official WES fees for both below, so you can make a fully informed choice.

WES fee schedule (as of 2022):

Document-by-Document evaluation fees:
● WES Basic: $102
● WES ICAP: $147
Course-by-Course evaluation fees:
● WES Basic: $163
● WES ICAP: $208

Note: These fees don’t include report delivery or additional fees.

For details of their additional delivery fees for the U.S., reference the image below.

Hope this has helped you.

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Pearson Test Of English (PTE Exam): Overview, Cost, Format, Results

Pearson Test Of English (PTE Exam): Overview, Cost, Format, Results

Students who wish to study in the US, UK, Australia, and Canada need a firm grasp of the English language.

It is an important part of the admission process and as essential as having sufficient funds and a valid passport and visa.

Pearson Test of English is an automated test that is widely recognized across the world. The Graduate Management Admission Council (which administers GMAT), London Business School, Yale University, Harvard Business School, and many other sterling organizations have endorsed it. It is accepted at 3000 institutions worldwide.

Pearson PLC, a British multinational that specializes in textbook publication, launched the PTE exam in 2009. They also own Edexcel, a British education board that offers high school testing and degrees.

 

What is the Pearson Test of English?

There are several variants of the Pearson Test of English and it causes confusion among many.

PTE Academic—This is the one you are looking for. Because of Covid and to facilitate test-taking among those living outside the urban areas, Pearson has taken it online. The Pearson Test of English Academic Online is the same test that you can take from the comfort of your home.

 PTE General—This test that is almost eponymous with the one above does not allow you certification for migration. It is for testing your English skills and is usually meant for employers. Such as someone listed on Upwork as an SEO expert might add it to their resume.

PTE Academic UKVI—This version of the Pearson Test of English Academic is aimed solely at those migrating to the UK and North Ireland.
If you are a student looking to migrate, go with the first option unless the third one is specifically mentioned as a requirement.

 

How to take the test?

There are 35 test centers across India that administer PTE Academic. Anyone can avail of it at home also, through PTE Academic Online. There is no difference in their stature.
If you fail to score high enough, you can book again. Of course, the fees are the same. There is no limit to the number of attempts.
The test dates can be booked six months in advance and are available around the year. When should you appear for the test? It depends on the academic year of the nation you want to migrate to.

Cost of PTE Academic Exam

At present, the test costs ₹14700 for both in-center and at-home versions. The cost includes 18% GST.
The test results are valid for 2 years.

Pearson Test of English Format

The PTE Academic has 3 sections.
A. Speaking and Writing Skills
Purpose: To test if the student can speak fluently in English. It also tests the ability to cogently present thoughts through writing.
Duration: 54 – 67 minutes.
Detailed Look

I. Personal Introduction
This part is non-scoring. It is an introduction to the actual test and allows the student to become familiar with the technology.
The student has 25 seconds to read each question and 30 seconds to answer. The answer cannot be altered.

II. Read Aloud
A brief paragraph of about sixty words appears on the screen. The student has to read it out loud.

III. Repeat Exercise
A voice recording of a sentence is played back, and the student has to repeat it ad verbatim.

IV. Description

An image appears on the screen and the student has to provide a verbal description that matches it closely. The task has to be completed in 40 seconds or less.

V. Repeat Lecture
A lecture is played back. The student has to re-tell it as closely as possible. Use of your own words and sentences is encouraged. The time to answer is 40 seconds.

VI. Answer Short Question
The student has to listen to a question and reply within 10 seconds.
VII. Write Summary
Read a 300-word text that appears on the screen and write a gist in a single sentence.

VIII. Essay Writing
Write a short essay (no more than 300 words) on a given topic. The task has to be completed within 20 minutes.

B. Reading Skills
Purpose: To test if the student comprehends English text and can interpret and respond from what he/she has understood.
Duration: 30 minutes.

Detailed Look

I. Fill in the Blanks
A large block of text appears on the screen. Some words are missing. The student has to select words from a box and drag them to the requisite place.

II. Multiple-Choice Questions with Multiple Answers
The student has to read about 300 words and answer questions about what was presented. There is more than one correct answer. It tests comprehension.

III. Random Order Rearrange
Paragraphs appear out of order. The student has to rearrange by dragging them up and down.

IV. Fill in the Blanks
The student is shown several sentences with words missing. They have to select a word and drag it to the correct position. It is a variation of the one they solved before.

V. Multiple-Choice Questions with Single Answer
A variation of the one preceding. In this type of question, only one correct answer is possible.
No question in this section has an individual time limit.

C. Listening Skills
Purpose: To test if the student understands spoken English. Note that the Pearson Test of English Academic is an integrated test. Put simply, each test section also can test a component from the other part.
Duration: 30 – 43 minutes

Detailed Look

I. Create Summary
Listen to an audio clip and create a brief single paragraph summary.
Multiple-Choice Questions with Multiple Answers
Listen to a short recording and reply to multiple-choice questions with more than one correct answer.

II. Fill in the Blanks
A partial transcript would appear on the screen. After listening to the full recording, fill in the blanks from a given set of words.

III. Find the Right Summary
An audio recording would be played back. The student has to choose from several given summaries, the right one.

 IV. Multiple-Choice Questions with Single Answer
The student has to listen carefully to a recording and provide one correct answer to the multiple-choice questions.

V. Find Missing Word
Listen to a recording and find the appropriate word that completes the audio message.

VI. Find Incorrect Words
A transcript is provided, and an audio recording is played back. The student has to identify what does not fit and was not a part of the recording.

VII. Typing
Listen to dictation and type it in a text box.
No question in this section has an individual time limit.

PTE Exam Score and results

The results are usually available in a couple of days. The score has a range of 10-90.

The Pearson Test of English is based on the Global Scale of English, that results from cooperation by thousands of scholars to develop a common framework against which the English skills of anyone can be tested.

The score has two components:
       ● The first is an aggregate score between 10 and 90.
       ● The second is section scores that offer greater insight.

Pearson recommends that:

       ● For an undergraduate degree, you would require at least 51-60.
       ● For a postgraduate degree, you would require 57-67.

Each institution has a mandatory minimum available on its site.

 

How to prepare for the Pearson Test of English?

Pearson offers official test prep for the PTE Academic.
It provides 300 sample questions, test practice, a guide to developing skills, and extra materials to boost learning.
Bundle with 2 tests costs $59.99 and 4 tests $89.99.
You can also buy individual components of the tutorial between $20 and $39.

Otherwise, you could opt for preparing by yourself.

At SelectRight we welcome students with the chutzpah to carve out their own path. Call us and ask for advice to prepare for the PTE exam. We shall be glad to help you 24×7.

There are books available online that offer you valuable tips.

The most well known with excellent reviews are:

● “The Official Guide to Pearson Test of English,” is priced at ₹998
● “Practice Test Plus of Pearson Test of English Academic,” 2 Vols priced at ₹798

Advice for those taking the Pearson Test of English

No tutorial book or course can improve your fluency for a language test unless you try to understand how the language works. An innate Indian tendency is to learn by rote. That is something international tests (on anything) know to take apart at the seams.
Any language is complex and requires skill to master. Some find it easier than others. Not only English, but they can learn any language faster.

Within a short space, what advice do we have for you to ace this test?
1. For three months prior to the PTE exam, read a well-known publication such as India Today from cover to cover. You could add The Times of India or a similar esteemed newspaper.
2. Underline words you do not know and Google them. Do not delay, but do it instantly.
3. Read about homophones—words that sound similar but have a different meaning. Such as “I want to lose weight” not “I want to lose weight”.
4. Every day, listen for 15 minutes to English audio. Several channels on YouTube could enrich your mind while also providing you with serious content in not so hard to understand English. Examples include – ColdFusion, NBC Nightly News with Lester Holt (available between 8 AM and 11 AM IST daily), Be Smart (with Joe Hanson, Ph.D.), and hundreds more.

PTE Exam versus IELTS versus TOEFL—which is easier?

There are a lot of questions from students who want to know which is easier.

None is the correct answer.

Be real. All three are highly esteemed tests. They are priced quite closely (within a few thousand rupees of each other).

How can they be different or easier without hurting their reputation?

Anecdotally slide charts show that 100 in TOEFL is the same as Band 7 in IELTS and a score of 67 in the PTE exam.

Settle on which one you want to appear for and focus on it with single-minded dedication.

List Of Countries Accepting IELTS And Tips To Score Higher

List Of Countries Accepting IELTS And Tips To Score Higher

As of 2019, more than 3.5 million people take the IELTS test per year. That is a number that continues to grow every year. It is one of the most important tests for students who are applying to IELTS accepting countries for doing their Masters. In this guide, we have explained what is IELTS, the countries that accept it, how to score more in it, and what your next steps should be as a student who wants to study abroad. Now, let’s get straight into it.

What Is IELTS And Why It Is Important?

The International English Language Testing System (IELTS) is an examination to help non-native English speakers study, work, or migrate to an English-speaking country. IELTS accepting countries use this proficiency test to gauge the command of the applicant over the English language. Scoring higher means you have a greater probability of getting into an English-speaking country. Not to mention, the test is practical, which means you will also find it easier to settle into there. Let’s take a look at which are the countries that accept IELTS.

Which Countries Accept IELTS?

We have collated the list of IELTS accepting countries and the required band scores.
USA
The US has the most number of colleges that accept IELTS and it also has many top universities in the world. There are more than 3,000 universities and colleges that you can apply to for your Masters. Because of the sheer volume of applicants per year, the required band score is at least 6.5.
Canada
As getting a Masters degree is relatively more expensive in the USA, Canada is becoming a more sought-after option. You need to score between 6.0 to 7.0 in the IELTS examination to get your applications considered by Canadian universities. A higher IELTS score will increase your chances of getting a job and permanent residency in Canada.
UK
The majority of the universities have an IELTS score requirement of 6.0. Just like the US, the UK also gets a lot of applications from students all over the world. It is advisable to keep your band score higher than 6.5 to improve your chances.
New Zealand
If you want to get into a university in New Zealand, you need a band score higher than 6.0. However, to increase your chances of getting citizenship or permanent residency, you need a score of 6.5 or higher.
New Zealand is also increasingly becoming a popular destination for students who want to do their Masters abroad.
Australia
The minimum requirement is a score of 5.5 or higher in each module. For studying Masters, you need an overall score of 6.5 or above. However, for graduate degree aspirants, it is 6.0. A lot of Australian universities and colleges accept students with scores in the range of 6.0 to 6.5. Note: In the above sections, we have only entered the minimum requirements. To increase your chances of getting your profile selected, we recommend you get a score higher than 7.0. Here are some tips you can start following that will help you score higher and get easily into IELTS accepting countries.

How To Score Higher In IELTS Examinations?

Follow these practical tips to score higher in your IELTS examination.

1. Practice Question Papers

After you apply for IELTS, you will receive a book that contains a few sample question papers. Apart from getting used to the format, you can really test your writing, reading, and listening skills. The duration of the test is 2 hours and 45 minutes. It will be better if you use a timer to give yourself a competitive advantage. Make sure that you check your answers after completing a practice test. Find out areas of improvement. Soon, you will see improvements and can get easily into one of the best countries to study abroad.

2. Quality Over Quantity

This test is not a typical English literature examination. This test will let the evaluators know how easy it will be for you to fit into a society that predominantly speaks English. The most common mistake that applicants can do is to think of this test as just any test from school. For example, in the writing section, writing too many words is not the way to go if you want a good score. You need to write correctly. Your fluency and readability matter the most.

3. Keep A Calm Mind

If you walk into the examination hall stressed, you are more likely to make mistakes during the test. This will cost you a lot, especially in the speaking test. Even though you are a good speaker, you are more likely to make grammatical mistakes and fumble as you talk. To calm yourself you should practice a lot of these questions which will boost your confidence. Continuous practice will add an air of relevance and you can easily score a lot. Now, let’s take a look at what your next steps should be after you have given your IELTS test.

What To Do After Giving The IELTS Examination?

Your IELTS scores are valid for two years. Right after you give an examination, you should start looking for colleges in IELTS accepting countries.
That means you have to go through countless blog articles and videos and evaluate colleges. This might take anything between a couple of weeks to months. Keep in mind that a lot of those blog articles and videos are funded by universities which means the information in them might be biased. Don’t worry, we have the best solution for you. SelectRight.
Here are the five benefits you can look forward to with SelectRight.

1. Select A College That is Best For You

There are too many options for anyone. It will take you weeks and even months to go through all the colleges that could be a good option for you. You will be evaluating every college on multiple parameters which will make this process even more complicated. With us, it only takes a few clicks. SelectRight will send you a list of colleges directly to your inbox. All you need to do is answer a few questions and we will analyze your profile to generate a list of universities that are the best for you.

2. Secure A Low-Interest No Collateral Loan

Getting an education loan to study abroad is not uncommon for Indian students. However, running to banks and collecting documents is cumbersome. On top of that, the interest rates are quite high, especially in the case of no collateral loans.

FundRight gets you low-interest, no collateral loan options within two days.

Create your profile, let us know your preferences and we will send moneylending options in two days.

3. Get Expert Guidance With Your Application

You will do your Masters only once. And the process starts with applying for colleges.

But the applications of most students are generic and average. If you want to be selected, you need to make your application exceptional. In order to do that, you need to do something more than read the same blogs and watch the same videos as others.

SelectRight will get your application evaluated by experts.

We will take a closer, unbiased look into your application and will tell you what you need to do to make it better. We will even help you with your Letter Of Recommendation (LOR) and Statement Of Purpose (SOP).

4. Ask All Your Doubts To Alumni And Students

Who can guide you better than the ones who have been in your shoes?

Connect with alumni and students and ask them all your doubts.

Through our Discord Channel, you can interact with students who had the same journey as yourself. You can ask them any questions you might have and also listen to the questions of fellow students while choosing one of the best countries to study abroad.

If there is a question that goes unanswered, our experts will jump right in.

We host weekly events regularly to make sure that everyone’s questions get answered.

5. Interact With The University Directly

We have gone another step ahead to give every student an extra edge.

SelectRight hosts exclusive events with the top universities from the best countries to study abroad.

We do that to give our students to iron everything out before they land in a foreign country with an education loan. Our in-house experts have understood the importance of giving the students an opportunity to interact with the university they are going to.

So, what are you waiting for?

Create an account now and answer a few questions that will help us know you better.

We will take care of the rest.