Studying abroad allows students to get global exposure, enhance their education, and experience new cultures. Overseas education is becoming more popular in India, allowing more Indian students to study abroad. According to the Ministry of External Affairs, in 2024, over 1.3 million Indian students pursued higher education abroad. It is observed that the vast majority of these students choose Canada, the USA, the UK, Germany, and Australia. Choosing the right country and university that match your education and career goals is important.
Understanding Fall and Spring Intakes for Study Abroad
Before applying to a university, decide whether you want to start in the Fall or Spring intake. The Fall intake is the most popular choice for international students, with classes beginning between September and December. Many countries, like the USA, UK, Germany, Canada, Sweden, Australia, and the Netherlands, offer admissions during this period. Since many students apply, getting accepted can be more competitive. The Spring intake is the second most popular option, with classes starting between January and February. This intake is good for students who may need more time to decide. However, fewer universities offer courses in the Spring, and some may have limited options.
8 Effective Steps for Planning Your Study Abroad Journey
Studying abroad requires careful planning to ensure a smooth transition. Let’s take the UK Fall Intake as an example. If you plan to begin your studies in the Fall, follow these steps to stay on track:
Step 1: Define Your Academic and Personal Goals
Before applying, understand why you want to study abroad. Some students look for specialised programmes unavailable in their home country, while others seek global exposure or career growth. Clearly defining your goals will help you choose the right programme and destination. Take time to understand what you truly want from studying abroad. You can:
- Search for programmes that align with your career goals
- Consider how language skills would benefit you and your career
- Select from semester, year, or full degree options
- Find out how global experience benefits your resume
Step 2: Research Destinations and Universities
After setting goals, research universities and countries that fit your needs. This step is crucial for effective planning to study abroad. Remember that the quality of education varies significantly between places. In addition, costs and living conditions can also vary in different countries.
To narrow down your options:
- Check if programs require learning a new language.
- Compare tuition fees and living costs.
- Consider the distance from home and travel options.
- Research healthcare and safety standards.
Step 3: Plan Your Finances and Secure Funding
First, calculate all expected costs for a student loan for overseas study. This can include tuition, housing, food, travel, and emergency funds. You could also explore various funding options like scholarships, grants, and student loans. Start your financial planning 9-12 months before departure to meet early deadlines. Important financial considerations include:
- Higher tuition fees for international students.
- Cost of living, including rent and food.
- Visa fees, travel costs, and insurance.
- Emergency funds for unexpected situations.
At Credila, we offer financing for tuition and living expenses with flexible repayment options, making education loans hassle-free.
Step 4: Prepare for Standardised Tests and Language Requirements
If you are planning to apply for the Fall intake, start preparing for standardised tests like TOEFL, IELTS, GRE, or GMAT by January or February. So, if you plan to study abroad, start preparing at least 6-8 months before application deadlines. This gives you time to study and retake tests if needed. Consider:
- Practising for English tests like TOEFL or IELTS.
- Preparing for the GRE or GMAT, if required.
- Budgeting for test preparation materials.
- Scheduling exams early to meet application deadlines.
Step 5: Create a Strong Application
A well-prepared application could increase your chances of acceptance. Universities receive thousands of applications, so ensuring that your application stands out may increase your chances of acceptance. Key elements include:
- A clear statement of purpose linking your background to your future goals.
- Strong letters of recommendation from previous teachers or mentors.
- A well-structured resume highlighting relevant experiences.
- Official academic transcripts and translations, if required.
Step 6: Understand Visa Requirements
Every country has different visa requirements, and the process could take 2 weeks to 4 months. Start your application as soon as you receive your acceptance letter. Steps include:
- Submitting proof of university acceptance.
- Show proof of finances for tuition and living expenses.
- Arranging health insurance that meets visa requirements.
- Schedule visa interviews early.
Step 7: Arrange Housing and Pre-Arrival Logistics
Where you live can impact your study experience. Explore options like university dorms, shared housing, or homestays. Plan your arrival logistics to avoid hassle. You can:
- Consider commute options and neighbourhood safety.
- Understand lease terms, payment schedules, and arrange airport pick-up, along with banking setup for a smooth transition.
Step 8: Prepare for Cultural and Academic Differences
The last step in your guide to study abroad involves preparation for cultural changes. Research teaching styles and social norms to ease your transition. To prepare:
- Consider connecting with alumni or current students for insights.
- Study abroad guides and learn basic phrases in the local language to communicate without language barriers.
- Stay open-minded and embrace new experiences.
Conclusion
Studying abroad can be a rewarding experience that requires careful planning. Beyond academics, it helps you grow personally, build resilience, and develop global skills. By starting early, staying organised, and following these steps, you can make your study abroad journey smooth and fulfilling. At Credila, we help finance your dreams with flexible education loans.
Disclaimer:
*As of March 31, 2024. T&C apply.
Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited)
The education loan facility provided by Credila Financial Services Limited ('The Company') will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
*This information on Section 80e deductions for interest on education loans is for general guidance only. Tax laws can change, and individual circumstances vary. Please consult a tax professional for personalised advice and to ensure compliance with current regulations.
