At ITP, we acquaint students with the most competitive of financial aids - the Scholarship. It goes out to students with the most impressive credentials. While some Universities automatically consider all admission applications for Financial Aid there are others that require separate applications or additional essays. Depending on the University rules, ITP admission counseling assists students to draft Resume, Statement of Purpose and Letters of Recommendation to establish eligibility for scholarship.
We garner students' competitiveness by recommending some additional courses, publishing a paper or voluntary work for certain jobs. Chasing Financial Aid is a transparent process where ITP recommends students to be precise about what they want to achieve, knowing how to achieve it, and portraying academic caliber for the target.
For those students who do not have outstanding credits, ITP offers a host of information for other Financial Aids like Research Assistantship, Teaching Assistantship and Administrative Assistantship. Students can opt for an On Campus or an Off campus job. We, at ITP, give complete guidance and written assistance to get a student 100% scholarship or a complete fee waiver.
There is yet another type of Financial Aid that Indians usually do not explore. Many Financial Institutions provide soft education loans to International students having a US co-signor. Some Universities have tie-ups with such banks, and co-sign loans of their students.
Financial Aid
These are the two words, which catch the attention of every 'study abroad' aspirant. The Universities, Private sector companies, various Trusts, Religious bodies, Civic bodies, the State or the Federation - all of them provide one form of Aid or the other. Some of the most frequently asked questions on this topic are -
Who is eligible to apply for Financial Aid?
All applicants may be considered, but, Universities provide either for need or on merit based aid, depending upon the circumstances of the applicant. Universities, at their discretion and availability of funding, grant aid in either of the forms
At what level can one get Financial Aid?
Students for Graduate studies at the Masters level and beyond, have brighter chances of getting aid. It is uncommon for Bachelor's level to get Financial Aid. Bachelor's level education is quite a costly proposition in most countries.
When can I apply for Financial Aid?
You can start the process of looking for Financial Aid as soon as you initiate the admission process. The appropriate time to apply for Aid is at least 9-12 months before the start of semester.
As an International Student, can I get Aid from Public Universities?
Yes, you can get Aid even from Public Universities, provided they are not State or Federal grants, which are paid from the taxes of the U.S citizens. There are several private sector grants and awards, which are available to International students.
Can I apply for Aid from two different sources simultaneously?
Technically, you can. But, depending upon your 'status' as an International student, only the college or some Trust Board does so.
What is the duration of Financial Aid?
The duration may be for the whole course depending upon the policy of the sponsor/institution providing the Aid. Normally, it is provided for one year after which additional aid would be granted based on academic performance or need.
What is the minimum score required for Financial Aid?
While there is no minimum or maximum score, the higher the score, the better the chance. Here, an excellent and effective Statement of Purpose that is professionally prepared would improve chances for Aid.
Are there any awards for Sports persons?
Yes! There are some Universities that provide Financial Aid in the form of Award or one-time grant for outstanding sports persons who contribute to the Institution. You will have to contact the Universities or check their websites for information on this.
Which Universities offer more Financial Aid?
There is no standard list of Universities that offer Aid. You need to research Universities based on your own profile and identify those where you have higher chances of getting Aid. It is important to note that grant of any form of Aid is the prerogative of the University.
Where can I get information about Financial Aid?
The best place to get specific information is from the college where you plan to apply. Almost all the colleges have staff, which is specialized in providing guidance and information on Financial Aid. You will be provided all the necessary information if you interact with them from a very early stage, well before he deadlines.
ITP has a specialized service for University Selection that helps you apply to Universities where you have brighter chances for getting Financial Aid. We provide a comprehensive range of services that help you not only with admission into 'right' Universities around the world, but also guide and counsel you on any aspect of the Application, Admission and Visa process.
One of the most commonly used form of financial aid by students is the Bank Education Loan.
This can be availed by undergraduate, graduate and postgraduate Indian applicants who have secured admission to a foreign university through standardized selection procedures. A loan applicant is eligible to a maximum of 20 Lacs INR*, that may be repaid in 5-7 years*.
Some banks also do not require security for loans up to Rs. 4 Lacs.*
