Minimum IELTS Score for Ireland Universities

Colleges and Universities, Study Abroad Requirements

Minimum IELTS Score for Ireland Universities

Ireland is one of the most magnificent European countries, home to thousands of international students.

Irish universities are highly sought after because of their well-acclaimed education system and the corporate exposure they offer.

From degree programs to exchange student programs, Irish universities offer a variety of courses in English.

As the mode of instruction is English, all non-native English speakers are required to take an English test showcasing their language proficiency.

Therefore, to study in Ireland you will have to take the IELTS exam.

Your IELTS scorecard plays a vital role in your admission and other official purposes such as visas, immigration, etc.

Furthermore, to study on the Irish soil of laureates, scholars, poets, and artists, the minimum IELTS score you require to score is 5.5.

With IELTS being necessary for your admission in Ireland, check out elaborately on the minimum IELTS score for Ireland and how to study in Ireland without IELTS in the following sections.

IELTS Score for Ireland: Minimum IELTS Score To Study in Ireland Universities

To study at prestigious Irish universities, students have to amp their English language skills, which include listening, speaking, reading, and writing.

Displaying your ability to speak, read, listen and write in English is absolutely important for the authorities at the universities and visa officials.

The minimum IELTS score for students set by the Irish Naturalization and Immigration Service (INIS) is 5.0 in an overall band in the Academic type.

But the minimum IELTS score for Ireland and its universities is subject to change with time, courses and universities.

For a long-term study, the IELTS score for Ireland is usually above 5.0.

For a better understanding of the minimum IELTS score requirement, the table below has listed universities in Ireland and their respective minimum IELTS scores.

University	Score Requirements
University College of Cork	Overall band – 6.5 Individual score – not less than 5.5
NUI Galway (NUIG)	Need overall 6.5 and individual 6
Dublin City University (DCU)	Overall 6.5
National College of Ireland (NCI)	UG Computing – 5.5 overall PG computing – 6.0 overall
Dublin Business School (DBS)	UG courses – 6.0 overall PG courses- 6.5 overall
University College Limerick	Overall – 6.5 No individual scores less than 6
ICD Business school	Overall 6.0
University College of Dublin (UCD)	UG courses – 6.0 overall PG courses- 6.5 overall
Griffith College	Overall 6.0
Trinity College Dublin (TCD)	UG courses – 6.0 overall PG courses- 6.5 overall Dental and Medical courses- 7.0
Technological University Dublin	All Courses: 6.0, no less than 6.0

The above list sums up some of the best universities in Ireland.

Therefore, the minimum IELTS score for most of the top universities for undergraduate courses in Ireland is 6.0 and for postgraduate courses is 6.5.

Minimum IELTS Score Requirement for an Ireland Student Visa

The IELTS exam is also important to secure an Ireland student visa.

The visa officials check your English scores to make sure you will be okay in a foreign environment.

And so, the minimum requirement set to secure a student visa is an IELTS score of 5.

Note: IELTS is not required for an Ireland student visa only if the acceptance letter from the admitted university mentions that you are exempt from it.

Keep in mind that this isn’t the score for seeking admissions at Irish universities.

Now that you’ve got the minimum IELTS score for Ireland, let’s also explore the other side of the coin. What if you didn’t take the IELTS at all?

Study in Ireland Without IELTS? Is it Possible?

The biggest obstacle to overcome to study abroad is to get a good IELTS score.

Taking an exam, and moreover, a language test can be overwhelming and intimidating for a number of students. Hence, it is only natural for students to look for a simpler alternative.

So here’s some good news – It is possible to study in Ireland without IELTS.

There are a few Irish universities accepting international students without the IELTS score or providing them with an alternate test choice.

How to study in Ireland Without IELTS?

It is common in most Irish universities to offer admissions to students without an IELTS score if the students have passed out from institutes with English as a medium of instruction and educational transaction.

In such cases, students need to provide a certificate from the previous institute proving that their education was in English.

Other than submitting the English certificate, the alternatives to the IELTS exam are PTE, TOEFL and Duolingo language proficiency tests.

Aspirants who want to study in Ireland without IELTS can take up these tests too:

PTE

PTE exam is one of the shortest exams that measures four skills – listening, speaking, reading, and writing in just two hours. Students over the age of 16 are eligible for this exam. The cost of the PTE exam is ₹14,700.

TOEFL

The TOEFL exam also tests your ability to listen, speak, read and write, especially in a classroom setting. This exam costs about ₹13,500.

Duolingo

Duolingo also offers English proficiency scores by means of adaptive testing and video interviews. It measures the candidates’ ability to listen, speak, read and write. The cost of the exam is ₹3,678 for a 45 minutes test. It can also be taken twice a month.

Duolingo is a comparatively easy test and cheaper but has a limited number of universities accepting its test score. So, ensure that you are taking the test your desired college accepts.

For a better understanding of the score equivalent of these language proficiency exams to IELTS, look at the table below:

IELTS Band	Equivalent scores
5	TOEFL: 45 Duolingo: 75 PTE: 55
5.5	TOEFL: 60 Duolingo: 85 PTE: 60
6	TOEFL: 80 Duolingo:95 PTE: 65
6.5	TOEFL: 92 Duolingo:105 PTE: 70
7	TOEFL: 100 Duolingo: 105 PTE: 75
7.5	TOEFL: 105 Duolingo: 125 PTE: 80

With the above-mentioned language proficiency exams, you can apply to universities in Ireland without IELTS. Here are some of the universities:

Maynooth University
National University of Ireland, Galway
University of Limerick
Royal College of Surgeons in Ireland
University College Cork

How to Apply Without IELTS to Ireland?

To apply to Ireland universities without IELTS, you can always start by shortlisting a number of universities exempting the IELTS scores, their ranks, and the courses they provide on their respective websites.

While applying to any of the universities, you will be asked to appear for an online test or video interview to test your English language proficiency.
This is the moment where you showcase your English verbal, communication/conversation skills.
Clearing this interview will confirm your admission to an Irish university without the IELTS score. However, not all universities offer this option.

Various international student scholarships are available in Ireland, and students can apply for them if they fit the eligibility criteria.

Now that we are aware of the minimum scores required for Ireland universities, let us find out how we can study in Ireland without IELTS.

You can prepare for the IELTS exam with the help of these books:

Tips on Getting a Good IELTS Score:

Here are some quick tips on how to get the perfect score in your IELTS exam. The IELTS exam is scored based on listening, speaking, reading, and writing

Familiarize yourself with British English by listening to news channels like BBC and other English TV shows, movies, etc, for the listening section.

Keep a habit of reading newspapers, journals, novels, magazines, and anything written in English. This will help you acquire new words and meanings that will undoubtedly help you in your reading exam.
For the writing test, students can look up model writing tasks online and practice them. This will help in organizing your ideas and polish your vocabulary.
The final test is speaking. This is where you leave them impressed. Practice and only practice can make it perfect.

With all these tips in mind, students are advised to be prepared to give their best. The key is to be confident with your skills and body language during the exam.

Note: The cost of registering for the IELTS exam in India is ₹15,500.

The IELTS exam can be intimidating. The only solid advice worth following is to practice every day.

Practice will definitely get you that degree admission you have been dreaming of.

Since you’ve now understood the minimum IELTS score needed to study in Ireland, it is best you seek an expert’s guidance to face the IELTS test as well as to help you with scholarships.

Ireland is one of the top countries to study and work because of the ease of post-study work in the country too.

To make your Ireland study abroad dream come true, SelectRight experts have just the team to help you reach your goals.

So, start preparing for your admission in Ireland for 2023 now.

Frequently Asked Questions:

What is the minimum IELTS score for Ireland universities?

Ans: The IELTS score to study in Ireland differs according to university and course type. However, having an IELTS band of 5.5 and above is the ideal score.

Are IELTS scores compulsory to apply for a visa in Ireland?

Ans: IELTS scores are mandatory for most universities in Ireland and applying for a visa. It is only exempted if the university you are admitted to mentions it in your acceptance letter.

Can I study in Ireland without IELTS or any other language proficiency exam?

Ans: Unfortunately, no international students can study in Ireland without IELTS or any of its equivalents.

What are some of the alternative options to IELTS for studying in Ireland?

Ans: TOEFL, PTE and Duolingo scores are the alternative tests to study in Irish universities. Candidates who have passed the Cambridge Proficiency tests can also apply to certain universities.

How long does it take for an offer letter to arrive after applying to Ireland?

Ans: It takes around two working weeks for the universities in Ireland to respond with an offer letter after applying.

Should I apply for the fall intake 2023 amidst the global recession?

Colleges and Universities, Study Abroad Requirements

Global Recession And 2023 Fall Intake for Master’s - The Bright Side

Central banks across the world have simultaneously hiked interest rates in response to inflation. The world is heading towards a global recession in 2023.

As per the new study by the World Bank, we can expect a string of financial crises in emerging markets that will cause lasting harm.

The new financial conundrum has us all wondering how the global recession and fall 2023 intake are interrelated.

Is a Graduate degree or an MBA a good idea for International students in a global recession?

Yes. Let’s understand why.

Businesses operate in a cycle

When markets go up, they go down and when they go down they also come up. Recession is always followed by recovery.

Look at the dotcom bust of 2000. The dotcom bubble was a rapid rise in U.S. technology stock equity valuations fueled by investments in Internet-based companies in the late 1990s.

There was an unprecedented growth from 2004-2005 followed by the recession of 08-09 which was again followed by growth in 2011-15.

Evading the job crises

When the economy hits a recession, like it is in now, the economic slowdown will cause a freeze in hiring.

Currently, even big tech companies like Google and Microsoft have temporarily announced a pause in recruitment. Even Meta, amidst the rising borrowing costs, faster inflation and slower economic growth laid off 11,000 employees.

As a fall 2023 intake in global recession, you will be able to evade this job crisis by delaying yourself from the job market for another year.

You can put that year to better use by equipping yourself with employable skills.

Consequence of the recession – better jobs for you

Let’s say you are an international student in a global recession, when the country’s economy starts getting out of recession, the country will naturally employ a number of strategic projects.

This means that the economy needs more labor to execute such projects. Consequently, you can expect an increase in job opportunities.

As you can see the unemployment rates peak and fall.

The job opportunities will not just increase in numbers but rather the variety of jobs available will also increase meaning you can find a job that you are qualified for.

When you enroll in the fall 2023 intake in global recession, by the time you graduate, the job market will open up.

In your final semester, you can rely on your university’s career guidance and benefit from the ample job opportunities.

Opportunity for growth

Being a fall 2023 intake in global recession means that you will enter the job market at the right time, at the beginning of the peak.

You will be able to enjoy the summit of the peak and ride out its benefits. Hence you can expect salary and career growth.

ROI on education amidst hiking tuition

International students under the overseas status have to pay almost double the fees as compared to resident students.

Take this example from the University of Alberta where a 6% hike was announced for international students.

Drastic tuition fee increase happens because of inflation. And because of the current financial climate, fees are higher than ever.

This means, the cost of living has also increased in popular study abroad destinations like the US, the UK, and Canada.

In the U.K., inflation recently hit double digits for the first time in 40 years, and is expected to climb to around 15% in 2023. Similarly in the U.S., inflation peaked at 9.1% in 2022, marking another 40-year high. This is squeezing household budgets, affecting consumer confidence and driving up the cost of living.

It’s no surprise that the estimated annual cost for an Indian student at the Massachusetts Institute of Technology (MIT) has gone up from $77,020 for the academic year 2021-22 to $79,850 for 2022-23.

Moreover, exchange rates are at an all-time high for international students.

Because of the steep prices, most international students have to take out loans. And, the Reserve Bank of India recently hiked interest rates on education loans.

This means larger EMIs for international students in a global recession.

The tuition fees will continue to rise with each passing year.

The only way to pay back the loan is by the boom that will follow the recessions. As a fall 2023 intake in global recession, you can expect to pay back the amount unlike the students who graduate in the recession.

Fund your education with FundRight

International students in a global recession have to be smart about where they get their loans from. Find the lowest in test rates with the help of FundRight.

FundRight is the world’s first online loan bidding platform. All you have to do is create an account and public/private sector banks, NBFCs, and international lenders will send you their offers to finance your education in India or abroad.

You can pick the loan that best suits your needs. Since, banks compete you can:

Find customized offers from 13+ lenders with better terms
Get loan offers without collateral
Save up to INR 8 lakhs

We have covered almost everything you need to know about the fall 2023 intake in global recession. It is the right time for students to pursue a Master’s, especially if your degree of choice is 1.5 or 2 years long. This means you’ll be an eligible sought-after candidate right as the economy hits its recovery period.

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IELTS score for Canada: Alternatives to IELTS, band requirements for colleges, and more

Colleges and Universities, Study Abroad Requirements

IELTS score for Canada: Alternatives to IELTS, band requirements for colleges, and more

The International English Language Testing System (IELTS) is designed to help you study in Canada where English is the native language.

There will usually be an IELTS score for Canada set by the university. So, every university will demand a different score.

The test rates your ability to listen, read, write and speak in English will be assessed during the test. IELTS is graded on a scale of 1-9.

In this article we will cover:

IELTS band guide
Top 20 universities with 5.5 – 6.5 band requirement for Canada
Universities in Canada Without IELTS
Alternatives to IELTS score for Canada
Find more universities in Canada without IELTS with SelectRight.
Tips to get the required IELTS score for Canada

Before we get into band requirements for Canada, Universities in Canada Without IELTS, let’s understand the IELTS bands.

IELTS band guide for Canada

Band score	Skill level	Description
9	Expert user	Proves that you have fully operational command of the language.
8	Very good user	Shows that you have fully operational command of the language with only occasional unsystematic inaccuracies.
7	Good user	Tells that you have operational command of the language, though with occasional inaccuracies, inappropriate usage and misunderstandings in some situations.
6	Competent user	Describes that you have an effective command of the language despite some inaccuracies, inappropriate usage and misunderstandings.
5	Modest user	Shows that you have a partial command of the language and can cope with overall meaning in most situations.
4	Limited user	You have problems in understanding and expression.
3	Extremely limited user	You can speak and understand only general meaning in very familiar situations.
2	Intermittent user	You have great difficulty understanding spoken and written English.
1	Non-user	You have no ability to use the language except a few isolated words.
0	Did not attempt the test	The test taker did not answer the questions.

Universities with 5.5 – 6.5 band requirement for Canada

Here are the band requirements for Canada by different universities in the 6.5 -5.5. Range. These scores are fairly easy to get even if you only have a partial hold on the English.

IELTS has four sections and you are expected to get the same IELTS minimum score in each section. The four sections are:

Listening
Reading
Writing
Speaking

10 universities that need 5.5 IELTS score for Canada

Charles Sturt University

University of Alberta

Brock University

St. Clair College for Applied Arts and Technology

Niagara College Canada, Welland Campus

Canadore College

Camosun College

Lethbridge College

Algonquin College

Royal Roads University

10 universities that need 6-6.5 IELTS score for Canada

Brandon University

Cape Breton University

Capilano University

Dalhousie University

Grant MacEwan University

McGill University

McMaster University

Memorial University

Mount Allison University

Mount Royal University

The above-mentioned universities may have different scores depending on the level of study (undergraduate, graduate) and the program. This information only serves as a general guide. Visit the official university website to find out more detailed information.

Universities in Canada Without IELTS

You can attend some universities in Canada Without IELTS. However, you will have to fulfill a few alternative requirements. There are no universities that ask for no English proficiency whatsoever.

Here are the common alternatives to IELTS scores for Canada.

In such cases, you will have to fill an exemption for which will look like this.

Language Proficiency Certificate

If you are from a specific country and you have completed your undergraduate studies in English as the language of instruction, you are eligible to Study in Canada without IELTS.

India does not qualify the list.

The countries are Zimbabwe, Zambia, US Virgin Islands, Uganda, United States, United Kingdom, Turks and Caicos Islands, Trinidad and Tobago, South Africa, Sierra Leone, Seychelles, St. Vincent, St. Lucia, Saint Kitts-Nevis, Republic of Ireland, New Zealand, Nigeria, Montserrat, Jamaica, Guyana, Grenada, Ghana, Dominica, Cameroon, Cayman Islands, British Virgin Islands, Botswana, Bermuda, Benin, Belize, Barbados, Bahamas, Australia, Antigua and Barbuda, Anguilla.

However, you can always email the university and tell them that your education has been conducted in English as well. As this is the case for most universities and schools in India, the university might consider your case.

Tell the university that you have completed a minimum three years of full-time study where the primary language of instruction and evaluation was English with strong grades in English and a good selection of humanities/social science secondary school courses.

Your school or university can provide you a certificate for the same.

Non-Indian residency

If you are from India or another country where English is not the first language, or where English is an official language but not the first language, but you have spent more than four years in an English- speaking country, you can apply for an exemption.

An English Language Program

If you meet all of the admission requirements except the English language score, the university might offer an English language program.

Attending this program means that you will have to go to the university before your program starts and you will be admitted on a conditional basis.

Such a transition program can be anywhere from 8 weeks to 12 weeks long. You won’t get any credits for the course.

Duolingo Test – the quicker alternative to IELTS

A lot of students are unable to take the IELTS test because of various reasons like the expensive investment you have to make, unable to find a center or dates.

If you are one of them, you can take the Duolingo test instead.

You can take this test from anywhere, anytime. It takes an hour to finish and results are available within 48 hours.

Most universities that accept IELTS scores for Canada also accept the Duolingo test scores.

TOEFL instead of IELTS

Almost all colleges that accept IELTS, accept TOEFL. You need to score between 80-110 to get into the top universities in Canada.

Why you would want to take TOEFL instead of IELTS:

For IELTS in the reading and writing section, you have to write your own answer. However, for TOEFL, the steps are already given to you and you just have to arrange them. If you think you can perform better on multiple-choice questions go for TOEFL instead of IELTS.

TOEFL and IELTS have several passages, each followed by a series of questions. However, the IELTS uses academic texts and passages from newspapers and magazines. The TOEFL only uses academic texts, which means its reading passages are often denser with more challenging vocabulary and concepts to understand. So, if you are comfortable with reading academic texts or you believe your choice of course benefits more from academic reading, you can take the TOEFL to prove so to your admissions committee.

TOEFL’s speaking section is conducted over the computer. You’ll hear recorded questions and speak into a microphone to give your answer. While taking the IELTS, you’ll actually have to talk to a real human. If you think talking to a real person will give you cold feet, go for TOEFL.

IELTS score for Canada student visa

None of this information is useful if you need a specific IELTS score to qualify for a student visa for Canada.

But the good news is that you don’t.

The above-mentioned documents are all you need. Hence, the only thing that connects your IELTS score with your study permit is your proof of acceptance.

You can only get a proof of acceptance if you qualify the English language requirements.

How to locate more universities with low IELTS scores for Canada?

To find more universities with low IELTS scores for Canada, go to SelectRight.

SelectRight uses 6 million+ data points across 10,000+ STEM, CS & MBA programs to give you unbiased recommendations. Use those recommendations to start your early research.

After this, SelectRight will connect you with mentors. These mentors are either current students or recent graduates of your matched programs/universities. They will help you on your journey on finding universities without IELTS in Canada.

But that’s not all. You also get access to a carefully curated directory of unbiased industry experts who can help you with various aspects of your application. Ask for a review of your application, Statement of Purpose (SOP), Letters of Recommendation (LoR) or anything else you need.

So, with your IELTS band requirement for Canada, you can also get help with other sections of your application.

Tips to meet the band requirement for Canada

If you are looking to get a good enough IELTS score for Canada, here are some tips that will help you score between 5.5 – 6.5 band. This is how your score determines the score band.

In the listening section, you need to get 26 out of 40 answers correct for IELTS 6.5. So, make sure to spell your answers correctly and follow the word limits strictly.

In the reading section, you have to get 27 out of 40 answers correct for IELTS 6.5. If you don’t know any words, infer from context.

To get 6.5 in the writing band, answer both questions adequately and organize your answers well. Attempt to use some higher-level vocabulary and try to make yourself understood if you have made grammatical errors.

To get 6.5 in the speaking section, make sure that you use a range of linking words to connect ideas. If you can’t speak fluently, use both simple and complex sentences.

To find more details on scoring visit the official site.

Now that you know the required IELTS score for Canada, it is your time to sign up for the test. We have also given you plenty of other alternatives. If you think one of those alternatives is better for you, either contact your university or get connected with a SelectRight mentor.

How Much Gap Is Accepted for Study in Canada?

Colleges and Universities, Study Abroad Requirements

How Much Gap Is Accepted for Study in Canada?

Canada welcomes immigrants and international students with open arms, and thousands of avid learners move to the country every year. Higher education and good living quality are a few reasons students love Canada.

Are you someone that wants to move to Canada for your higher education? Do you have questions like how much gap is accepted for study in Canada? Keep reading to learn more about all that.

Eligibility For Getting into A Canadian University

Here’s the list of factors that a Canadian university will consider when you apply to pursue higher education with them

A minimum of 50% score in a degree approved by the UGC or AICTE in India.
Completion of a degree in the allotted period without a gap. (a three-year degree should be completed in 3 years)
The number of backlogs during graduation should not be more than ten.

What’s A Gap in Study?

It’s the time between your last graduation and the present. E.g., if you graduated in 2020 and plan on pursuing your higher education in Canada in 2022, you’ll have a 2-year gap in your study that you will have to justify.

A gap in study is not a huge issue in India, but when you apply for a degree programme in Canada or other developed nations, it is a matter of concern.

It is commonplace in India for students to take a year off after 12th grade, JEE, or even medical school before they get a job or pursue post-graduation.

Common Reasons for The Study Gap

You should be able to explain your study gap in your college application. Failing to do so is why most students do not get a student visa.

The list of reasons is endless, but you’ll need a legitimate one for your application to get approved.

Here are a few common reasons,

1. Family Issues

Students may have to pause pursuing education to help support their families during times of crisis. If that is your case, you’ll have to be honest while applying for a Canadian student visa. You’ll have to provide the concerned authorities with enough proof to justify your claim.

2. Medical Issues

In life, you never know what’s around the corner. For instance, if you meet with a road accident requiring you to rest for a year to heal, you will have to pause your education.

The same goes for serious illnesses that affect people regardless of age. Such situations are unavoidable, and students will have to take a gap year to handle situations like that.

If you’re in a similar situation, gather all your evidence and present it to the authorities while applying for a visa.

3. Retaking Tests

Students expect a lot from themselves and are disappointed when they do not see their effort reap the benefits they expect. This dissatisfaction can often lead them to take a test again to improve their scores.

Although not everyone can afford this, those who reappear for an exam must sacrifice a whole year to improve their score.

Canadian universities accept this as a valid reason. But make sure you mention the reason in your statement of purpose while applying.

4. Work Experience

Most people get a job straight out of college to gain work experience or out of sheer interest.

However, they realise that their educational qualification has become a bottleneck for their growth and decide to pursue higher education.

Some programmes in Canada, like an MBA, require a few years of work experience. This will require students to work for a few years after their undergraduate degree and then apply for post-graduation and work experience.

The above situations are all perfect reasons for gap years. You can clarify such situations by submitting proof of employment while applying for the study license.

5. Preparing for Government Jobs

Many graduates aspire to land a job in the government sector upon graduating. Students take a year off after school or college and invest the effort to prepare for government recruitment examinations.

The gap year allows students to prepare for exams without any pressure from schoolwork.

Students can prepare for the exams and then enrol in an undergraduate or postgraduate programme while they attempt to clear the exam. It is a reasonable excuse when you apply for a Canadian visa with a gap in your education.

6. Upskilling

A major reason students take a year off after graduation is to learn skills their degree program could not provide them. This might include learning new languages, soft skills, writing, etc.

Canadian universities appreciate such initiatives from the students and will not mind if you can substantiate your claim with proof.

It might even give you a better chance of getting into a postgraduate programme at a Canadian university.

7. Financial Issues

It is an excellent reason for gap years in study. People might need time to save up to pay for their higher education in Canada.

It may require them to work for a year or two, sell a property, etc. Some universities recognize this as being reasonable. But only some universities in Canada take the same stance.

How Many Gap Years Are Accepted for Study in Canada?

Students face many issues when applying for a Canadian study visa when they have a study gap. Note that pursuing higher education in Canada might be difficult if your study gap is too long.

If you’re wondering how many years gap is accepted for study in Canada, here we go:

A 2-year gap for diploma students
A 2-year gap for undergraduate students
A 5-year gap for postgraduate students

The above numbers might vary with each university. So, check with your university of choice to ensure they accept your study gap.

The only way out is to provide evidence for the gap in your education. Some acceptable reasons include,

Retake tests for better grades
Unexpected family emergency
Health issues
Psychological illnesses
Unemployment after graduation
Upskilling

How To Justify Your Study Gap?

Students applying for a Canadian student visa should get in touch with visa experts to learn about study gap-related requirements.

Based on this, you can attach appropriate reports and explanations in your statement of purpose while applying for your visa.

Some documents accepted in Canada for a study gap include

Pay slips
Letters of appointment
Confirmation letters from universities and colleges
Educational certificates
Medical records of illnesses

Why Opt for Higher Education in Canada?

Canadian universities help students with great research ideas and award scholarships based on research work.

Here’s a list of reasons why you should opt for a postgraduate degree in Canada

Affordable education
Abundant research opportunities
Possibility of working in Canada after graduating
Healthy, inclusive, and safe communities
Work and internship opportunities while studying

Make Pursuing Education in Canada Easier

Wouldn’t you be curious if we told you that getting into a Canadian university doesn’t have to be hard?

You can use SelectRight to find your perfect university without any issues. SelectRight utilises millions of data points across tens of thousands of college programmes to give you unbiased recommendations for the most suitable programme.

Here’s what makes it so special

Personalized university recommendations
Get unfiltered, unbiased advice from mentors
Expert guidance on Your application
Attend and network at exclusive events

FAQs

Is a study gap acceptable in Canada?

Yes, it is. Plenty of universities in Canada accept student applications with educational gaps. Students can justify the gap with valid explanations and proof. Universities accept that it is common for Indian students to have study gaps for numerous reasons. Students can also take a gap year to prepare for entrance or language proficiency exams.

How much gap is accepted for study in Canada?

There is a 2-year study gap for students applying to pursue undergraduate degrees and 5 years for a postgraduate degree. Getting a Canadian student visa might be difficult if your study gap exceeds the average acceptable duration. But you can justify your study gap with valid reasons and documentation.

How much gap is acceptable for study in Canada after the 12th?

You can choose to pursue your higher education in Canada after completing your 12th grade. Students can afford a gap of up to two years after completing their 12th grade. It can be harder to get into a programme if the gap is any higher.

Can I clear my Canada student visa gap?

There is no way to get rid of the gaps in education. Instead, you can submit documents to prove your claims to justify the study gap. Most universities are considerate of genuine reasons and will consider your application even if you have a gap. Documents like experience letters, offer letters, salary slips, medical certificates, etc., are accepted by universities and colleges in Canada.

Can my application be rejected if I have a study gap?

This is a tricky question. You can always justify the gap with acceptable reasons. But if you cannot provide proper evidence or if your reason is unacceptable from the university’s point of view, there is a high chance that they will reject your application. If you’re planning on taking a year off and going to Canada after that, make sure you spend the year productively, engaging in activities that Canadian universities might accept.

Insurance on Education Loan. Learn All About It.

Colleges and Universities, Study Abroad Requirements

Insurance on Education Loan. Learn All About It.

There are about a million Indian students abroad. As the pandemic ends, forecasts project that the number will expand to 1.8 million.

Most of these students have had to avail of hefty bank loans to finance their education abroad. The cost of an MS in the US can be exorbitant (INR 40 lakhs a year at current exchange rates).

But what if the unthinkable happens? If the student faces something tragic, who will pay back the vast outstanding?

Questions such as these make co-signers anxious. It is quite natural since, no matter how much one loves their offspring, paying back a huge outstanding and considerable interest is a burden. Thus insurance on education loans becomes necessary.

Without a doubt, most students are scratching their heads by now. To pay back the loan and interest is an onerous task. Add on more financial burden? Is that a correct decision?

Of course, at the outset, let us hope that nothing much happens, but most financial decisions are based on prudence and not hope.

Insurance on Education Loan. Learn All About It.

Insurance on Education Loan—What is it?

Insurance on Education Loan—Cost

Is It Mandatory to Buy Insurance on an Education Loan?

Payment Process for Insurance on Education Loan

Breaking down an Education Loan Policy

Features of SBI Life – RiNn Raksha

Eligibility of SBI Life – RiNn Raksha

Sum Assured and Premium for SBI Life – RiNn Raksha

What is Not Covered by SBI Life – RiNn Raksha

Do You Need Expert Advice?

Last Words

Insurance on Education Loan—What is it?

The most common way to fund education abroad is through a loan.

Gone are the days when education funds came from selling jewellery or taking loans from family members.

Education loans have many benefits. In brief, they are:

Avail substantial tax benefits under Sec 80E. the entire interest component can be claimed as a deduction.
Makes it possible for the student to finance his/her own education with as little burden on parents as possible.
Opens up an opportunity for students from economically weaker sections to participate in higher education and become exceptional professionals.

Every well-known government and private bank in India offer education loans. Several financial institutions also do the same. Platforms such as FundRight have made the process easier by bringing buyers and sellers closer to each other and cutting out the red tape.

In most cases, parents are co-signers. Even secured loans require someone to sign as a co-applicant.

Buying insurance on an education loan will help to mitigate the risk.

In case of a tragic incident, the parents do not have to worry about losing their home to the bank.

For the bank, too, it is a judicious proposition.

The bank might maintain the house deeds as collateral, but they do not want to be involved in the appraisal and the sale of the property. They would rather that someone actually pays them back and helps them avoid all kinds of bookkeeping hassles.

Insurance on Education Loan—Cost

The question a reader might have at this stage is quite natural:

Does it cost an arm and a leg to sign up?

As it is, education abroad is eye-watering due to tuition and boarding fees. Add on a charge on top of it and it seems well near impossible.

Unlike life or medical insurance, general insurance premiums vary widely.

They depend on the amount of risk the bank is taking on.

Of course, the amount is less than taking term life insurance for the applicant. Otherwise, it makes no financial sense to sign up for insurance on an education loan.

Government banks routinely charge between 1% and 2% of the loan amount as the premium.

On a loan of 30 lakhs that works out to INR 30000—INR 60000. Not a huge amount when you consider the peace of mind it brings.

Is It Mandatory to Buy Insurance on an Education Loan?

Not at all.

No bank can insist that you buy another financial instrument to de-risk an existing transaction.

At most, they can ask for collateral and a co-signer.

If you approach lenders through FundRight, you are assured of the best and most lenient terms. Lenders from several financial institutions and banks would view your application and bid against each other. You pick the one you deem best, right from the comfort of your study table. No hassle, no wait and minimum paperwork.

But most banks would at least offer you the advice to sign up for insurance on an education loan.

After all, it makes good sense if for INR 5000 per month or less you can have a viable mechanism to pay the loan back in case there is a mishap.

In case a financial institution not covered by RBI offers a loan with no collateral, they are fully within their rights to insist on insurance on education loan.

A lot of persuasion is usually unnecessary since the benefit far outweighs the cost.

Payment Process for Insurance on Education Loan

When the student buys insurance on an education loan, how does he pay?

Be assured that there is no separate transaction to keep track of.

The amount of premium will be added to the education loan EMI.

The amount of premium and number of times you have to pay would depend on the loan tenure, moratorium period, and other factors.

As the loan amount decreases, the amount of insurance premium would be adjusted downwards (at the same time the loan applicant will increase in age so it might offset an increase in premium).

Breaking down an Education Loan Policy

There are education loan insurance policies from a number of banks. It is best if we dissect one and examine the terms and conditions.

For our case study, we have chosen SBI Life – RiNn Raksha.

State Bank of India is the largest lender in the country, surpassing any rival from the private or public sector.

Studying the insurance on education loan policy it has would be instructive.

SBI Life – RiNn Raksha

To begin with, the insurance product is general purpose and not for educational loans alone.

Features of SBI Life – RiNn Raksha

It is a Group Credit Life plan. Let’s dig deeper. Group indicates several people can be covered. In the case of educational loans, this would include the parents usually. Credit indicates that it is a loan de-risking instrument. Life means it would pay back the sum assured upon the end of life.
The amount of death cover would be the loan amount outstanding. What the co-signer would have to pay, would be paid up by SBI Life – RiNn Raksha.
The cover can be increased during insurance tenure to 120%. A loan of INR 30 lakhs can be raised to INR 36 lakhs, but no more. This makes it impossible for the applicant to avoid paying EMI and passing on the burden to SBI Life.
The premium can be funded by the lender.
There would be a moratorium period of 3 months to 6 years, during which disbursements could be staggered.
The education loan insurance has to cover at least 2/3rd of the loan amount. A loan of INR 30 lakhs must carry a cover of at least INR 20 lakhs.
Apart from the loan applicant, two more persons who are co-signers can be covered. Each can be covered for the whole loan amount or a proportional share. The premium would vary accordingly.
Premium can be paid in a single installment or level premium after 5 or 10 years.
There is no maturity benefit. Like health insurance, there is no sum assured at the end of tenure. Otherwise, think of it as pure insurance risk with no financial investment benefits (like whole life plans, endowment plans, etc).

Eligibility of SBI Life – RiNn Raksha

SBI Life – RiNn Raksha eligibility criteria is given below:

What type of plan?	Group Insurance
Minimum age of policyholder	16 years
Maximum age of policyholder	70 years
Maximum age at maturity	75 years
Minimum group size	20
Maximum size	No limit
Minimum tenure	2 years
Maximum tenure	30 years

Sum Assured and Premium for SBI Life – RiNn Raksha

Minimum sum assured	INR 10000
Maximum sum assured	No limit

2 years to 30 years	Single Premium
8 years to 30 years	Premium Payment Term – 5 years
15 years to 30 years	Premium Payment Terms – 10 years

Premiums can be paid monthly, quarterly, half-yearly, and annually.

SBI Life – RiNn Raksha offers two plans that are slightly different.

Gold Plan – The amount payable upon death is equal to the outstanding loan amount based on the floating interest rate as calculated by the lender.
Platinum Plan – The amount payable upon death is at least equal to the outstanding loan amount based on the interest rate at inception.
Let’s understand with an example.

Arnav Bose took an educational loan from ICICI Bank of INR 30 lakhs at 7.2% per annum floating rate on April 20th, 2018.

The premium was paid by a single premium every year.

On May 15th, 2022 he died due to a traffic accident near his university. The rate of interest at that time had dropped to 6.5%.

According to Gold Plan SBI Life – RiNn Raksha would pay the amount that ICICI Bank calculates at a floating rate.
According to Platinum Plan SBI Life – RiNn Raksha would pay at least 7.2% interest. If after paying ICICI Bank in full any amount is excess then the survivors can claim it. Usual income tax benefits apply under Section 80C and 10(10)D.

What is Not Covered by SBI Life – RiNn Raksha

There will be no payout in case of suicide by the person whose life is insured within 12 months. 80% of the total premium paid would be refunded without interest after subtraction of necessary taxes.

Do You Need Expert Advice?

In times like these one often needs a friend and advisor.

It’s not enough to ask your uncle who sometimes dabbles in the stock market about education loan insurance.

You need experts who have been in the field for years and have practical experience of sending students abroad.

Enter FundRight.

FundRight is a unique enterprise that aims to get you funds at least cost through a bidding process.

You provide FundRight with the details and FundRight places them before lenders.

There is no need for you to make twenty sets of photocopies and wait in the bank foyer for two minutes of the manager’s time.

Lenders from 30+ banks, financial institutions and NBFCs go through your details and decide what is the best offer they can provide.

You pick the one you like best.

As easy as that.

Last Words

There is intense competition for study at foreign universities. You need to focus on your Indian board exams, IELTS, visa and so much more.

We promise to make fundraising and college selection the easiest part of going abroad.

Call us and we shall make your dream come true.

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Eiffel Excellence Scholarship 2022: Eligibility, Application, Selection, FAQs

Colleges and Universities, Study Abroad Requirements

Eiffel Excellence Scholarship 2022: Eligibility, Application, Selection, FAQs

The Eiffel Excellence Scholarship is awarded by the French Ministry of Europe and Foreign Affairs to international students who want to study in France for any Master’s or Ph.D. program.

Those who are selected for this scholarship are offered financial aid of 1323 USD on a monthly basis. This would result in a yearly amount of 15,873 USD.

Eiffel Scholarship Eligibility

For the Eiffel Excellence Scholarship, students need to meet the following eligibility requirements:

The candidate should be an international student. They must submit a passport for proof.
Applications submitted through sources other than French education institutions won’t be entertained.
Candidates need to opt either for a Ph.D. or a Master’s program. The programs that are eligible for the Eiffel Excellence Scholarship are:

Law
Political Science
Engineering Science
Economics and management

Those applying for the Master’s programs must be 25 years or less at the time of the application process. And at the Ph.D. level, applicants must be at most 30 years old during the application process.

Do read these terms and conditions. They’re one of the most important aspects of the Eiffel Scholarship eligibility criteria:

Candidates won’t be considered for the scholarship if they have applied for another scholarship offered by the French government.
No candidate can apply for the scholarship a second time; it doesn’t matter if the institution and course are different.
Candidates who apply for the scholarship must know the basics of the French language.
Suggested Read: 11 Solutions To Improve Your French Speaking

P.S: If a student has received a scholarship at a Master’s level, they are free to re-apply for the scholarship at a Ph.D. level.

Eiffel Excellence Scholarship: Application Process

Applications for the scholarship must be made through French Higher Education institutions.

Students must keep these points in mind before applying:

Candidates need to contact the International Relations department of the university via email, website, or phone to know when the deadlines are.
Students are required to contact the Campus France office or the French Embassy in their home country.
The respective French university will help the student complete their application form.
Finally, the application for the Eiffel Excellence Scholarship will be sent by the university on behalf of the student.

For students applying through Campus France, note:

Opening call for applications begins in the 3rd week of October, 2022.
The deadline for the reception of applications is January 10, 2023.
Publication of results is on the 3rd week of April, 2023.

Generally, applications for this scholarship open in September and close by January. And most of the time, results are declared around March.

Eiffel Excellence Scholarship: Selection Process

Now that we’ve covered the Eiffel Scholarship eligibility criteria, let’s look at the selection process.

The committee that carries out the selection process consists of 4 panels of experts from the departments of engineering sciences, law, political science, and management.

Here are a few pointers about the selection process:

No panel member can evaluate applications from institutes they are affiliated with or associated with.
Students will be assessed for the scholarship on the basis of their academic performance as mentioned in their application form.
Departments and institutes that candidates belong to could be taken into consideration on the basis of their contribution towards promoting the Eiffel Excellence Scholarship.

P.S: Students with outstanding academic performance will be preferred for the scholarship. In fact, more than 70% of scholarships are given to these students. The remaining 30% of scholarships are usually awarded to those who’ve not received any scholarships before.

Students needn’t be disheartened if they don’t get through. They can always count on scholarships offered by GradRight.

Benefits of the Eiffel Excellence Scholarship

Getting this scholarship won’t be a piece of cake. A few years ago, 380 scholarships were awarded to students at Master’s level, and only 70 scholarships were awarded to those at Ph.D. level.

Out of all the lakhs (more than 2,50,000) of foreign students that enter French institutes, only a few of them will end up studying a Master’s or a Ph.D. program. The percentage is as low as 5% or even lower. This means there could be only a 4% chance to receive the scholarship.

Keeping this in mind, the benefits are absolutely worth the effort and competition to make it through.

In addition to the monthly stipend, the scholarship also covers other expenses like travel reimbursements.

Other benefits include:

Free accommodation at the Fresh Government residence / a housing allowance in the event the student wants to stay in private student residences.

However, if the student has taken any gaps in their studies, this allowance will be suspended during this period.

Trips to France during the weekends to help the student destress
A round-trip international ticket, where air travel between the candidate’s home and France will be paid for. The awarded student will have a year from the end of the scholarship to reap the benefits of the return trip.
Several sports, leisure, and recreational opportunities
Cultural activities
French Social Security for those belonging to non-EU countries
Health insurance coverage until the awardees have enrolled themselves in the French Social Security system

P.S: The scholarship won’t be covering tuition costs.

Even if students don’t get the scholarship, they can still count on FundRight for the best student loans.

Documents Required to Apply for the Eiffel Excellence Scholarship

Students must ensure they have these documents ready before applying:

A photocopy of your passport or any other valid ID card
All your academic transcripts
Project or research proposal
CV
A Statement of Purpose to explain how they’ve contributed to the institute
Certificates of language proficiency, and scores. (For English and/or French) if required
Two letters of recommendation from their previous institutes or teachers

Eiffel Excellence Scholarship: FAQs

What are the different components of the Eiffel Excellence Scholarship?

There are two components; Masters and Doctoral. The Master’s component offers funding for a duration of 12-36 months to help students complete their Master’s degree in a French institute for higher studies.

On the other hand, the Doctoral component offers funding for a duration of up to 12 months to help international students do their doctoral research in France.

Can a student apply for the scholarship from two different institutions?

No, they will be disqualified if they do.

What are the objectives of the Eiffel Excellence Scholarship?

1. To attract candidates from developing, industrialized countries to French Doctoral and Master’s programs.
2. To prepare future foreign decision-makers in priority areas of study in both public and private spheres.

What are the different fields of study for Doctoral and Master’s programs?

There are 7 fields of study that contain 2 spheres of Eiffel scholarships:

Human and social sciences

French language, history, and civilization
Management and economics
Law and political sciences

Science and techniques

Ecological transition
Digital and mathematics
Biology and health
Engineering and science

In Conclusion

Although quite competitive, the Eiffel Excellence Scholarship is the most prestigious French scholarship one can get. All students have to do is study hard and ensure they meet the Eiffel Scholarship eligibility requirements before they apply.

The Eiffel Scholarship eligibility requirements would include:

student’s nationality (only non-French nationals can apply)
age (25 for the Master’s program, and 30 for the Doctoral program)
source of application (should be only via French educational institutes)
academic levels targeted (only Master’s or Doctoral levels)
scholarship conflicts (students aren’t considered for the scholarship if they’ve already been awarded another French Government scholarship)
geographic location (students living in France cannot apply)
language proficiency (for both English and French)
Master’s and doctoral components (candidates who’ve been rejected in an earlier competition at these levels will not be considered for the scholarship)

Here are two student testimonials that could further encourage you to apply for the scholarship (lifted from the Campus France website):

“The international environment I was exposed to encouraged me to further open my mind and engage myself with different cultures, which in itself enriched my understanding of the world. I could not be more thankful for the opportunity granted to me by the Eiffel Scholarship Programme. “

Hannah Cocos, from the Philippines

“Studying in Paris has been an exciting and enlightening experience. In short, Paris has offered me all of France and all of the world in a single moment. France, as an international center for excellent education, has offered me the opportunity to meet students, researchers, and professors from all parts of the world: to share and to learn different cultures and to discuss and contribute to trending international discourse.”

Edmund Efrei, from Ghana

The following testimonial was lifted from the website of Rennes School of Business –

“I am really grateful and honoured to receive the prestigious Eiffel Excellence Scholarship for my Master’s degree in Data and Business Analytics at Rennes School of Business. This scholarship will help me to manage my expenses in France. It will be of great help to me in these uncertain and challenging times. This scholarship will help shape my future and help me in achieving my goals in the domain of analytics. ”

Gaurav Kudale, from Mumbai, India

CAS Letter UK: Documents, pre-registration, samples and more

Colleges and Universities, Study Abroad Requirements

CAS Letter UK: Documents, pre-registration, samples and more

CAS is short for Confirmation of Acceptance for Studies. A CAS letter UK is issued after you have accepted an admission offer from a university and paid a deposit to secure your seat in the UK.

You only get the letter after you have met all the set academic and financial criteria. Hence, if you only have a conditional offer, you won’t get a CAS letter till the conditions have been met.

This article will give you all the information you need about CAS letter UK. We will cover:

What your CAS letter should have
How you can get a CAS letter
The documents you need
CAS letter UK sample
CAS letter processing time
Combined CAS number
Legal bindings of CAS letter

What is in a CAS letter UK

A CAS letter will have information regarding your personal details, chosen program, duration of the program and a unique CAS number. The CAS number confirms that your chosen university has offered you an unconditional offer of a place to study with them, and that you have accepted this.

The letter should explicitly mention:

14-digit reference number for the CAS

Sponsor name and Sponsor License Number (SLN) of the university where you intend to study
Sponsor License Address

Your personal details

Qualifications which helped you secure a place in the university
Start and end dates of your course and other details of the course including title of the course and course ID.

Tuition fees for the first year or the entire course or any tuition fees that you have already paid to the university
Any accommodation fees that you have already paid

Assessment of your English language ability i.e. IELTS or TOEFL scores

Why do you need a CAS letter UK?
You need a CAS number to apply for a visa to allow you to study in the UK.
You might have received multiple offers from different universities in the UK. To apply for a tier 4 student visa you must decide which university you intend to study and use the CAS from that university in your application. This falls in step 2 of the student visa checklist.

Once you do that, any other CAS you have been issued will become ‘obsolete’. This means that you will not be able to use them for the visa application.

When your student visa has been granted and you enter the UK, you must study at the university/college that issued your CAS.

CAS letter processing time and procedure

Step 1

You have to accept an unconditional offer and pay a deposit.

Step 2

You have to activate your CAS Application via the Pre-Registration system. The university will send an email giving you access to the Pre-Registration system to the email address you used in your application to study at the University.

The CAS Application task will appear when:

It is less than four months before your course starts
When you have accepted an Unconditional offer of a study place at the University and
When you have paid any fee deposit that the university has requested.

You have to open the CAS Application task that appears in your Pre-Registration menu and follow the on-screen instructions.

Step 3

Check and confirm your information by following the on-screen instructions in the CAS Application task. If any of the information is missing or incorrect, enter the correct information.

The information is a summary of your personal information, your course details and your qualifications – information that you will use when applying for your visa.

You have to confirm the information at least three weeks before the start date of your course.

Step 4

After this, the university will apply to the UK government’s UK Visas & Immigration (UKVI) for your CAS number.

This confirms that the university has made you an unconditional offer of a study place, and that you have accepted this. UKVI will then issue a CAS number for you. They will send this to the University, and your university will tell you your CAS number.

Step 5

After you have received your CAS number, you can make your visa application.

You will only be able to apply for your visa a maximum of three months before the date your course is due to start.

It can take 10-20 working days between the confirmation of your CAS Application Information and the email with your CAS number.

This is the type of email that you should be expecting.

CAS letter UK sample

Here is a CAS letter UK sample

Supporting documents needed for CAS letter UK

You will be asked to upload supporting documents to your CAS pre-registration portal. The university will assess the documents you upload to ensure they meet UKVI requirements. If they require any additional documents or information, the university will contact you directly, so check your email regularly.

Financial documents

You have to prove that you have enough money to pay your course fees and living costs while you study in the UK. Your supporting documents must show the full amount needed to cover the first year’s expenses.

Your bank statement should:

be printed on the 29th day.

show the closing balance on the account – the date on the statement should be no more than 31 days before the date you submit your student visa application.

You can show you have enough money using:

an official financial or government sponsorship or grant;
a student loan from a government, government-sponsored loan company, or a regulated student loans scheme;
your own money;
your parents’ money (if they provide a letter confirming they agree to you using it this way);
your partner’s money if your partner is present in the UK or applying at the same time.

ATAS certificate

For certain science or engineering degrees, you might need to apply for an Academic Technology Approval Scheme (ATAS) Certificate.

How to find funding?

Your financial statement should show that you can cover the first year course + additional university expenses held for a consecutive 28-day period. At no time can the funds dip below the total amount required.

For Indians, this amount can range between 30-50 lakhs. Unless you have savings of such a large amount or scholarships, you will need to look for a loan.

‘Taking a loan’ is a dreaded phrase, but it doesn’t have to be if you are smart about it.

Instead of going to your bank, go to FundRight and let the banks come to you.

FundRight is the world’s first loan bidding platform. Check your loan eligibility in 15 seconds.

If you are eligible, FundRight can help you get personalized loans and industry-best terms.

You can save up to INR 23 lakhs, thanks to our unique model where lenders compete to offer you the best possible education loan. The platform has public/private sector banks, NBFCs, and international lenders who are happy to finance your education in India or abroad.

All you have to do is submit your profile once and get customized loan offers from all. Compare and select the one education loan that best suits your needs.

We even have a team of financial experts who will help you select the best education loan for you.

Combined CAS number in CAS letter UK

A combined CAS number will be issued to you, if you are pursuing more than one course together at the same university.

Through a combined CAS number, you can apply for one visa which will permit you to stay in the UK till both your courses are complete.

However, sometimes universities may ask you to apply for a separate CAS number for each course.

Eligibility for combined CAS letter UK

To get a combined CAS number, you must meet the following conditions:

You enrolled in a pre-sessional course before beginning a postgraduate degree programme or a Study Abroad exchange programme at your chosen university.

You have completed your degree program or exchange program’s English language proficiency requirements.

You’ve fulfilled the academic requirements for your degree programme or exchange programme.

Less than a month separates the start date of your degree programme from the end date of your English Language Training Course.

Eligibility criteria may differ depending on universities. Usually, combined CAS numbers are not issued to Undergraduate students.

Note – It is not compulsory to apply for a Combined CAS number, you can get a separate CAS number for each course.

Legal implications of CAS letter UK

If you violate the requirements of your visa after receiving a CAS number, the University is compelled to notify UKVI. You are expected to meet the following conditions:

Enrol for each academic year. You must notify the University if you are unable to enrol so that they are aware of your whereabouts.
Attendance is important for all classroom sessions.
You must enrol in full-time classes if you are in the UK on a student visa.
Stay focused on your studies and don’t take a break until it’s definitely required.
Don’t work longer than is allowed. Your visa will tell you what hours you can work if any.

You might be reported if:

You don’t sign up.
You are absent from class without permission.
You stop taking the course.
You go on an authorised vacation
You alter your academic programme.
You have violated the conditions of your visa.

We have told you everything you need to know about CAS letter UK. If you haven’t got an offer yet, use this time to start preparing for when you get the offer. Read how you can apply for the visa and keep your documents ready. And if you are looking for funding, we have that covered at FundRight.

All about Education Loans without Co-applicants

Colleges and Universities, Study Abroad Requirements

All about Education Loans without Co-applicants

Let’s begin by looking at three pieces of data:

Indian students choose the U.S. as their most preferred destination for studying abroad. 4,65,791 Indian students are studying in the U.S. in 2022.
Canada comes second with 1,83,310 Indian students studying in the country in 2022.
The United Arab Emirates (UAE) takes the third place with 1,64,000 Indian students studying in the country in 2022.

However, studying in these countries can quickly poke a hole in your pocket. Here’s why:

To study in the U.S., expect to pay up to $55,000 a year in tuition fees. Furthermore, expect to pay up to $40,000 a year in food, accommodation, and living expenses as well.
To study in Canada, expect to pay up to CAD 56,328 a year in tuition fees. Furthermore, expect to pay up to CAD 10,000 a year in food, accommodation, and living expenses as well.
To study in the United Arab Emirates, expect to pay up to 120,000 AED a year in tuition fees. Furthermore, expect to pay up to 8,200 AED a year in food, accommodation, and living expenses as well.

Education loans can help you sew the hole in your pocket back. However, banks and financial institutions are often reluctant to offer student loans without a cosigner.

However, what if you don’t have a cosigner? Won’t you be able to get an education loan without a co-applicant?

This article will offer the answers. In the next seven minutes, learn all about education loans without a co-applicant.

By the time you finish reading this article, you’ll have a clear idea of what you can or can’t get.

This guide will discuss:

Is it possible to get an education loan without a co-applicant?
The difference between financial co-applicant and primary co-applicant
Ways to get an education loan without a co-applicant

However, even after reading the article till the end and finding all the necessary information, you can still feel overwhelmed. You can still have questions. You can still be confused.

That’s when you need more help.

That’s when you need AI by your side.

That’s when you need FundRight.

Note: The information is true at the time of writing. That’s November 2022.

Education loan without a co-applicant – a complete guide

Can you get an education loan without a co-applicant?

The right answer, it depends. International lenders offer education loans without a co-applicant. However, these lenders keep a list of selected universities for which they give out the loans. Thus, if you’re not going to study at these universities, you won’t be eligible for a student loan without a co-signer.

With Indian banks, the scenario is different. Here you can get an education loan without a financial co-applicant. However, you can’t get an education loan without a primary co-applicant.

Therefore, when you hear the phrase ‘education loan without a co-applicant,’ know that here the co-applicant means a financial co-applicant, not a primary co-applicant.

However, there are specific scenarios when this rule doesn’t apply and you can get an education loan without a co-applicant. We’ll discuss those scenarios later in this article.

What’s the difference between a financial co-applicant and a primary co-applicant? That’s what we’re going to discuss next.

What’s the difference between a financial co-applicant and a primary co-applicant?

Financial co-applicant

A financial co-applicant is a person who is related by blood to the loan applicant. The loan applicant needs to have a financial co-applicant when they don’t have a primary co-applicant with a permanent income.

Loan applicants can put their siblings, first cousins, maternal uncle or aunt, and paternal uncle or aunt as financial co-applicant.

Primary co-applicant

A primary co-applicant is a person who co-signs the education loan agreement with the loan applicant.

The co-applicant’s financial profile doesn’t affect their eligibility.

Applicants can name their parents or any immediate family member – even when they don’t have a stable income or when they are retired pensioners – as primary co-applicants.

3 scenarios where you can get a student loan without a co-signer

Taking an education loan from a government bank

Government banks take collateral to secure the education loan. Thus, the banks don’t care much about having a co-applicant or the financial profile of the co-applicant.

Furthermore, government banks offer you a payment-free moratorium period. During the moratorium period, you don’t have to pay the interest for the loan. Thus, the need for a co-applicant lowers even further.

However, what if:

You don’t have a collateral you can pledge
The value of the collateral is too low to get the amount of loan you need
You don’t have a financial co-applicant

That’s when the rest of the 3 scenarios can help you get a student loan without a co-signer.

Having work experience

If you qualify for this scenario, you can receive up to 40 lakhs of student loan without a financial co-signer and a collateral. The interest rate for these loans ranges between 10.5% to 11%.

Check out the eligibility criteria below:

The loan applicant must have a work experience of 3 years or more
The loan applicant’s last drawn salary must be at least 35K a month
The loan applicant must have been selected at universities that are present in the top 300 universities list worldwide that lenders keep
The loan applicant must have chosen an MS or MBA course

Note the banks or financial institutions still need you to have a primary co-applicant for contact purposes. The banks won’t check the primary co-applicant’s financial profile.

The primary co-applicant must be of your first family such as parents, siblings, spouse, and in-laws.

Going for international lenders

International lenders offer student loans without a co-signer. The lenders offer student loans in USD and can cover up to 80% of the total cost of education.

Furthermore, these lenders charge between 9% to 10.5% interest on the loan. However, note that since the funds are offered in USD, the interest rate for an Indian student will be 14% in Indian currency.

International lenders offer student loans without a co-signer when you qualify to study at one of the universities they have tied up with. If you have been selected at a university that’s not on their list, you won’t be eligible for the student loan.

Now before you reach out to international lenders, you must decide which ones to reach. There are hundreds of them out there and you can’t rely on random blogs with half-information (or worse, misinformation).

That’s when FundRight comes to your rescue. At FundRight, you’ll receive:

Over 30 lenders including public and private sector banks, NBFCs, and even two international lenders competing to offer you customized education loans.
Competitive interest rates that help you save more on your budget.
A processing time of 48 hours. Know any organisation that offers a faster processing time?

Want to know more? Drop us an email at grad@gradright.com to talk to our financial and educational advisors.

Cons of taking an education loan from international lenders

Getting student loans without a co-signer from international lenders comes with its own set of hazards.

When you get a loan from an international lender, you won’t receive income tax benefits under section 80E.

Furthermore, the currency fluctuation with INR depreciation means you’ll end up paying way more than what you borrowed.

FAQ

Can I get an education loan without a co-applicant?

You can get a student loan without a co-signer from international lenders.

For Indian banks and financial lenders, you can get an education loan without a financial co-applicant. However, you can’t get an education loan without a primary co-applicant.

Is co-applicant mandatory for education loans?

When it comes to international lenders, no.

A primary co-applicant is mandatory for getting education loans. However, you can get education loans without a financial co-applicant.

What’s the meaning of co-applicant in education loans?

A co-applicant is a person whom the banks or financial institutions will ask to repay the education loan if the loan applicant can’t repay the education loan due to any unforeseen circumstances.

That’s why banks and financial institutions are reluctant to offer education loans without co-applicants.

Where can I find international lenders for getting student loans without a co-signer?

We at FundRight are here to help. At FundRight, you’ll get over 30 public and private banks, NBFCs, and two international lenders. Furthermore, we’re working every day to add more lenders to our platform.

Should I go for international lenders to get an education loan without a co-applicant?

The right answer, it depends. If you can get an education loan without a co-applicant through the ways we shared in this article, go for Indian banks and financial organisations.

However, if you don’t qualify for those ways, international lenders are the only way you’re left with.

Education loans without a co-applicant – FundRight is here to help

We have shared all the information on education loans without a co-applicant in this article. However, However, before you decide on whether to go for an education loan without a co-applicant, you need to finalize an education loan first.

If you go for private or public banks or NBFCs, you’re looking at:

Interest rates as high as 15%.
A tiresome and lengthy processing time of up to 20 days.
The need to submit collateral to the banks.

Sounds overwhelming? Go for FundRight. At Fundright, we offer:

More than 30 lenders including private and public sector banks, NBFCs, and even two international lenders happy to offer you student loans without a cosigner.
A processing time of 48 hours. Yeah, you read it right. Do you know of any other organisation that offers a faster processing time?
Competitive interest rates that allow you to save more on your budget.

If you want to know more, drop us an email at grad@gradright.com to strike up a conversation with our financial and education advisors.

Now that you know all about education loans without a co-applicant, we hope the knowledge will help you take the most informed decision.

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How To Get Education Loan With A Low CIBIL Score: Everything You Need To Know

Colleges and Universities, Study Abroad Requirements

How To Get Education Loan With A Low CIBIL Score: Everything You Need To Know

Most parents used to pay for their children’s education with their savings or by liquidating assets.

With ever-increasing inflation, it is a commonplace to take an education loan to finance your higher education. If you’re opting to borrow money to finance your degree, you’ll have to be prudent about your CIBIL score for education loan.

Advantages Of Taking An Education Loan

An education loan is better than a personal loan. Taking an education loan provides numerous advantages for both parents and students. They are

Lower interest rates
You can pay the loan back after you graduate
It covers a wide range of expenses
The Indian government has numerous interest subsidy schemes for education loans
The tax benefits (Section 80E)
Tax collection at source for foreign remittance
Helps you build your CIBIL score
You do not have to liquidate precious assets
Takes the burden off your parents’ shoulders

CIBIL Score For Education Loan

Every lender takes into account your CIBIL score for education loan. It allows lenders to check your ability to repay the loan. As a student borrowing money for higher education, you must learn the importance of CIBIL score for education loan. Your CIBIL score and co-borrowers will determine if your loan application will be approved.

CIBIL (Credit Information Bureau India Limited) is an American group in India that maintains records of every borrower and anyone that has inquired about a loan. Banks and financial institutions share this information with CIBIL to facilitate checking the creditworthiness of every borrower.

How Is The CIBIL Score For Education Loan Calculated?

When you approach a bank for an education loan, you will be asked to provide a credit information report (CIR) from CIBIL. The report will contain your personalized credit history, based on which CIBIL will score you between 300 and 900.

If you are a first-time borrower, your CIBIL score for education loan will be negative or zero. But it is not something to be worried about.

The factors that determine your CIBIL score for education loans are

- Your consistency with your EMI payments
- The different types of loans you’ve taken
- The utilisation of your credit card’s limit
- The number of loans you’ve taken at a time
- The number of loans you’ve applied for in a short period

Reasons You Need A Good CIBIL Score For Education Loan

When you have a good CIBIL score, banks will find you creditworthy, and you get a higher chance of loan approval. Banks will also provide you with convenient interest rates on education loans. Although, Fear not if you have a low or bad CIBIL score for education loan. It is still possible to avail of a loan when your CIBIL score for education loan is low.

Minimum CIBIL Score For Education Loan

In the case of most banks in India, 685 is the minimum CIBIL score for education loans. Government banks may accept a CIBIL score for education loans even if it is lower than 685, given that it is not serious. But private banks lack flexibility when there are CIBIL-related issues and will mostly reject your application if the score is below 685.

Some serious issues that will keep banks from providing you with an education loan are,

Loan write-off or waive-off
Debt arbitration
Cheque bounces

Borrowing Money When You Don’t Have The CIBIL Score For Education Loan

There are plenty of ways for you to take a loan even when you don’t have the minimum CIBIL score for education loan. Some of them include

Approaching A Government Bank

Government banks like the Bank of Baroda, SBI, PNB, etc., have a lower CIBIL score for education loans. You can borrow money for education even with a score of 650 on your credit report when you apply for a secured loan.

For instance, you can take an education loan for overseas education from SBI with a CIBIL score of 650.

Taking A Secured Loan or Line of Credit (LOC)

When you take a loan against collateral, it provides the bank with a guarantee that you will repay the loan promptly, lowering the risk of default. The collateral can be gold, private property, shares, or other valuables.

Banks and financial institutions are ready to offer secured loans to applicants with a low CIBIL score for education loans. It is noteworthy that the collateral should be of sufficient value and free of any disputes for the bank to approve an education loan.

Getting A Joint Loan

If your CIBIL score is low or you don’t have one to start with, you can get a joint loan with a guarantor or co-applicant. Most banks and financial institutions approve a joint loan quicker too. In addition, the lender can cut you a better deal if your guarantor has good credit history and CIBIL score. You can always ask your parents to be your guarantor since there are no restrictions.

Opting For A Smaller Loan First

When your CIBIL score for education loan is low, a lender will see you as a risky client. This is true, especially when you are applying to borrow a huge sum with a low CIBIL score. One way to get around this is to apply for a lower sum and repay it yearly.

You can take a loan to pay for the first year of college and build your creditworthiness by repaying it in time. You can then approach the bank for a higher-sum loan to pay for the rest of your education. Repaying a small loan will be easier on your wallet and help build your CIBIL score.

Borrowing From A Non-Banking Financial Company (NBFC)

When your CIBIL score for education loan is too low, it is better not to borrow from a bank. The assessment process for a bank loan application will be strict and tedious, especially when your credit score is bad.

NBFCs, on the other hand, have comparatively relaxed policies against lending to people with low credit scores. Although NBFCs demand a higher interest rate.

Presenting Proof Of Income To Show Your Ability To Repay The Loan

If you have a steady source of income, you can show proof of income to guarantee your ability to repay the loan. Evidence of salary, annual bonuses, or other sources of income can be used to substitute a poor CIBIL score. It will show your financial stability, and you can pair this method with borrowing a smaller amount first to show your creditworthiness before taking a bigger loan.

Providing Records Of On-Time Repayment Of Other Bills

Your CIBIL score for education loan is based on your repayment records for current and past debts. If you have not taken a loan before applying for your education loan, you will not have a CIBIL score. You can also add repayment records of utility bills to show that you are creditworthy. This might help slightly with getting your loan application approved.

Checking And Resolving Credit Report Errors

Misreporting and mistakes are common in credit reports. It happens so often that you should double-check your credit report to see if all the claims are true. Act promptly and get any mistakes corrected as soon as you notice them.

Also, review the CIBIL score for education loans every six months to ensure it is error-free. In addition, make sure your credit report is revised regularly.

Other Reasons For Rejection Of Education Loans

A low CIBIL score for education loan might not be the only reason behind the rejection of a loan application. Other factors that come into play are

Poor Academic Records

Students who have secured a management quota admission due to poor academic records have a lower possibility of securing a loan. This reduces your creditworthiness too.

College’s Level Of Recognition

Banks are more likely to reject your application even when you have the required CIBIL score for an education loan if the college is not well recognised. You’ll not be able to secure a loan if the college has a poor placement record too.

The Course

Some fields of study have a higher potential for earning, and banks are ready to provide education loans to students opting for them. For instance, you are much more likely to secure a loan if you apply for medicine, engineering, or management.

Size Of The Loan

When the sum is higher than ₹ 7.5 lakhs, the bank will need a guarantor or co-applicant. And the bank will reject your loan application if you cannot meet this requirement. Note that you can borrow less than ₹ 4 lakhs without a guarantor.

Citizenship

Students of foreign countries and non-residential Indians will not be able to secure an education loan in India because of higher risk.

How Can I Make This Easier?

Platforms like FundRight make securing an education loan easier and quicker. It is India’s first student loan bidding platform. You can compare more than 30 domestic and international lenders in one place. All you have to do is submit your profile and start receiving customized loan offers.

FAQS

1. What do I do when I cannot find a co-applicant or guarantor for my education loan?

A few lenders do not require a co-applicant or guarantor for an education loan. A thorough research can help solve this dilemma.

2. What expenses does an education loan cover?

You can use an education loan to pay the following

Library, lab, and other fees
Hostel fees
Tuition
Cost of uniform and books

Contact your lender for more information.

3. Who can be a co-borrower?

Ideally, your parents or guardians can be your co-borrower or co-applicant. If you are married, your spouse can be your co-borrower too.

4. Is there a maximum limit on education loans?

Yes, most lenders will limit education loans to ₹10 – 15 lakhs if you’re studying in India and ₹20 – 30 lakhs if you’re studying abroad.

5. What is the minimum CIBIL score for education loan?

The ideal CIBIL score for education loan is 750+. It can become difficult to secure a loan if your CIBIL score is lower than 600.

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lowest education loan interest rate for study abroad

Colleges and Universities, Study Abroad Requirements

Student-friendly Low-Interest Loans to Study Abroad

Students looking forward to studying abroad face the biggest challenges when it comes to financing their education.

This is one of the biggest roadblocks to studying abroad as universities and visa authorities check up on your financial background well in advance.

With high tuition fees and the expenses of your lifestyle, paying interest on your student loan only adds to the costs.

The cost of tuition fees alone at prestigious foreign institutes could exceed INR 20 lakhs.

In addition to this, having funds for your visa, accommodation and other utilities burden you with a large sum of money.

Considering these essential aspects of studying abroad, does it mean you must give up on your dreams? Or discount them for something cheaper?

Of course, not!

All you have to do is choose smart – choose the lowest education loan interest rate to cater to your needs.

This way you study abroad without piling a massive debt over your shoulders.

Suggestion: Apply for GradRight Scholarships

Low Interest Education Loans & What They Cover?

Low interest education loans are monetary assistance availed by students to meet the expenses related to their education, paying a comparatively low-interest rate.

These education loans cover the costs of your

Tuition fees
Living expenses
Travel expenses
Insurance
Cost of books, equipment, instruments, and uniforms (if any)
Cost of laptop covered (if required for the course)
Deposit money
Blocked amount (if required)
Any other expenses with the required proof to complete your desired course.

Note: Beware of potential scammers running amok promising low education loan interest rates. Always get your loans from trustworthy banks/lenders only.

Things You Need to Know Before Taking a low Interest Education Loan:

To opt for low interest education loans learn about the types of interest rates to make a sound decision.

Funding institutes impose two types of interest rates. Which are:

Types of interest rates

Floating Interest Rate

The interest rate can decrease or increase during the loan tenure. It is highly dependent on market conditions.

Fixed Interest Rate

This type of interest rate stays the same throughout the loan tenure. Loans with a fixed interest rate would be a safer choice for students to opt for.

Types of loans

In addition to interest rates, you must know that loans with collateral or secured loans have lower interest rates.

On the contrary, with an unsecured loan, you will not require any safety collateral or asset to back up the loan. However, unsecured loans impose higher interest rates.

Depending on the type, amount, course and country you will be studying in banks offer student loans with 8-10% interest.

The low interest education loans are usually offered in India by public banks with 8% interest.

Now, let’s get to the lenders that provide you lowest interest student loans.

Top Banks in India Offering Lowest Education Loan Interest Rates

Helping students fulfill their dreams of studying abroad, leading Indian banks offer low interest education loans.

Students can benefit from these lowest interest student loans and avail the additional benefits of taking a loan as well. For instance, maintaining a good credit score or saving on taxes.

Most of the low interest education loans can be repaid within 15 years after graduation.

The banks offering low interest education loans are:

Banks	Interest Rate	Processing fee	Loan Amount
Central Bank of India	Starts at 6.85%	1% of loan amount	Upto ₹ 20 lakh
State Bank of India	Starts at 6.70%	₹ 10,000 per application	₹7.50 lakh- ₹1.5 Crores
Union Bank of India	Starts at 6.80%	NIL	Upto ₹30 lakh
Punjab National Bank	Starts at 8.00%	1% of loan amount	Upto ₹ 60 lakh
Indian Bank	8.50%	NIL	₹ 4 lakh +
Bank of Baroda	Starts at 8.45%	NIL	₹ 7.5 lakh +
HDFC	9.55%-14%	1% of loan amount + tax	₹ 20 lakhs

The interest rates listed in the table above are recent and may be subject to change.

Apart from bank loans, you also have the exciting option of FundRight to assist you with your funds in a seamless fashion.

To take any of the low interest loans to study abroad, you must fulfill the eligibility checklist.

Tip: Calculate the Amount You Will Need to Study Abroad

Eligibility Requirements for Low Interest Education Loans

To successfully get your loan passed, you must be eligible to take a student loan.

These requirements slightly vary from bank to bank. However, some of the basic requirements are listed below.

One must be a resident of India.
The student’s age must be between 18 to 35; undergoing a graduate degree or postgraduate degree.
The student must have confirmed admission to an institute or university abroad.
The student must have a co-applicant eligible for an education loan in India.

Furthermore, students with excellent academic records and merit are bound to get lowest interest student loans approved quicker.

For students who have displayed average academic scores but have shone in extracurriculars too, there is a good chance of getting a low-interest loan.

Documents Required for Lowest Education Loan Interest Rate

If you are eligible for a student loan, the next important thing for you is to gather the necessary documents.

To get a low-interest education loan from the banks mentioned above, students have to submit scanned copies of the following documents to their respective banks.

Admission or acceptance letter from the college or university
Two passport-size photographs
Transcripts of 10th, 12th and degree certificates
Permanent Account Number details (PAN)
Adhar Card
Passport
Voter ID Card
Bank passbook
Salary slips of the co-applicant
Income tax returns for the last two years of the co-applicant
Insurance
Bank statements
Collateral proof (if required)

Apart from your ID proofs, having insurance has become crucial to take a loan in the present.

Loan Insurance for Low Interest Student Loans

Loan insurance helps secure loan repayment.

In any case of an unfortunate accident, the loan insurance company will pay back the entire education loan amount, instead of the co-applicants.

This can be a huge relief to the borrowers of government bank education loans, for which even retired parents are named as co-applicants.

However, it is not mandatory for every loan applicant to have a loan insurance. The requirement depends on the lender and the bank.

It is usually recommended for student loans taken from a private bank without collateral.

How to Get Low Interest Education Loans in India?

You can apply for low interest education loans online or offline at the bank.

Applying Online: To apply online, you will have to fill out an online application form taken from the website of your desired bank. Along with the form, you will be required to submit the scanned copies of necessary documents on the portal, online.

Applying Offline: To apply for a low interest education loan offline, students can visit the nearest branch of their desired bank and fill out the hard copy of the application form. The documents should be submitted along with the form to the bank representative.

After you have initiated your bank application, the bank executives reach out to you and progress your loan accordingly.

Now that we’ve looked at low interest loans, eligibility and requirements; you can understand how the repayment of these loans works.

Education Loan Repayment Process of Low Interest Student Loans

Most education loans can be repaid within 15 years.

With that said, most loan repayments start 12 months after the completion of your course or six months after finding employment.

Note that banks offer varied moratorium periods for the repaying of loans. The loan repayment can be paid back in EMIs.

Some of the different modes of repayments available are

Internet banking: can be paid online through the lender’s website or mobile app.

Cheque: a good old-fashioned cheque can be dropped off at any of the branches.
Direct debit: you can set up a recurring payment for your EMI on the payment due date.
Demand draft

These are some of the common and accessible options made available to applicants by the lenders/banks.

However, the preferred method of repayment is up to the agreement between the lender and the applicant.

Therefore, students should thoroughly check the details of the loan and repayment before signing off on the loan.

With the right lowest education loan interest rate, there is no stopping you and your dreams of getting your professional and academic goals.

You can also bid your loans on India’s top loan bidding platform Fundright and choose from a wide variety of lenders.

Even if you’ve been rejected or disappointed by reaching out to bank managers, FundRight professionals will knock on the right door for you.

If the only thing holding you back is the shortage of funds, the education loans mentioned above are your ticket to your ideal university abroad.

You can also talk to FundRight experts to guide you through your study abroad journey.

So dear students, better late than never to sign up on that low-interest education loan deal and go explore the world.

Frequently Asked Questions:

Are there any education loans in India with zero interest?

Ans: There are no such education loans in India. However, the lowest education loan interest rates can be subsidized if you obtain some academic benefits.

Which bank offers the lowest education loan interest rate for students?

Ans: Currently, the State Bank of India offers several education loans at interest rates starting at 6.70% for students studying abroad.

Can low interest education loans be obtained without security?

Ans: For loan amounts up to ₹7.5 lakhs, you do not need to provide security or collateral.

Can a student be eligible for a lowest interest student loan without a co-applicant?

Ans: Most education loans require a co-applicant or co-borrower for the purpose of connectivity and security when you are studying abroad.

What is the maximum amount of loan that can be acquired under the lowest education loan interest rate?

Ans: NRI students can obtain loans up to ₹30 lakhs for studies abroad. However, the maximum amount of loans that can be obtained is decided by the bank based on the needs of the student. Currently, HDFC bank offers loans up to ₹1.5 crores for studies abroad.

Can student loans be paid off early?

Ans: The repayment period for student loans starts 12 months after the completion of the course. The loan can be paid off within a period of 15 – 20 years, depending on the bank/lender. However, if you wish to pay off your loan sooner, you can do that too.

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