Gurinder Bhatti can help you arrange for the requisite finances as well. Foreign education is an expensive affair. The two-year course in the foreign country could wipe out the entire savings of the individual. However, that should not be a deterrent for pursuing the education. Yu would be able to earn the sum within a period of one year itself after getting the job. Therefore, it should be worth taking the risk.
The finance aspect:
The foreign universities are very finicky when it comes to financial matters. They have a different set of fees for the local students and the international students. Of course, you cannot blame them. You have chosen to study in their country and University. You have to pay the price for it as well.
The foreign universities would like to ascertain whether the student and his / her family have the requisite financial backing to complete the course. They know that the student would start doing odd jobs to sustain in the second year of studies. Many countries are strict in this aspect. However, many countries do not mind too much. Therefore, the universities ensure that you have the requisite finances for at least one year.
They ask the student to demonstrate proof of financial strength at the time of submitting the application. This proof could be in the form of a bank statement regarding the availability of funds or a comfort letter from the bank that the applicant has the necessary financial backing. Some banks even submit provisional loan sanction letters as well. They should be enough for the student to convince the University selection panel.
The role of the consultant
Professional consultants such as Gurinder Bhatti Ess Global can play an active role in this aspect. They are in this business for a long time. They have the requisite contacts with the banks and the financial institutions that sanction education loans to the students. They can help in procuring the comfort and the provisional loan sanction letters as well.
The actual finance procedure:
Based on the provisional loan sanction letters, the universities usually grant provisional admissions. The student has to use this admission letter to process the loan from his or her bank. The banks in India sanction education loans on an easy basis to the students. They ask for collateral security if the loan amount exceeds a threshold figure. The collaterals can be in the form of mortgages and fixed deposits etc. The repayment terms are simple and the rates of interest are quite reasonable. This final loan sanction letter would be the most important document at the time of the grant of the visa. We shall see the procedure in detail in another piece. Gurinder Bhatti Ess Visa would be able to assist the student in the matters of loans by using his contacts.
A quintessential Indian parent is an emotional person. He or she would go to any extent to secure admission for his or her child. If that means selling or mortgaging their house as well, they would not mind.