Fee waivers are awarded to international students on the criteria of merit and the need for it. Candidate with strong academics, good performance on standardized exams and extracurricular achievements would be eligible for scholarship awards and financial assistance.
To benefit from these opportunities, one has to make sure to send all the required documents by particular deadlines. In addition to this, the presentation of the application is also important because one is judged by the image one projects.
Some of the scholarships available with academic institutions in France can cover partial or total expenses of attending college. Here are a few scholarships that students abroad can take advantage of:
The Michaela Farnum Memorial Scholarship by International Studies Abroad Inc. (ISA)
Dr. Carlos E. Memorial Scholarship by International Studies Abroad Inc.
Chateaubriand Fellowship by University of Illinois
IES Abroad Excellence in a Foreign Language Scholarship by Institute for the International
Education of Students
ISA Diversity Scholarship by International Studies Abroad Inc.
GSE Summer Scholarship by Global Student Experience
GSE Language Development Scholarship by Global Student Experience
GSE Academic Scholarship by Global Student Experience
Boren Scholarships and fellowships by Boren Awards for International Study
Arcadia University Gilman Scholarships
Annette Kade Scholarships by International Student Exchange Program
Student Eligibility criteria: The first thing is to be aware of whether you are eligible to apply for the loan or not. The general eligibility criteria that are followed by all the banks are:
You should be a Bangladesh national
You must have a strong academic record
You must be seeking admission to a professional, technical or other courses of study. Most banks maintain that the selected course should be job oriented
You must have secured admission to a foreign university/institution
You must be above the age of 18 years or else your parents can avail the loan
Eligibility of course: You may not get a loan on every course. Here are the kinds of courses that qualify for the education loan.
For Graduation: Job oriented professional or technical courses offered by reputed universities
For Post-Graduation: MCA, MBA, MS or even diplomas
These courses could be from foreign universities or institutes approved by the state and central government
Loan amount: If your total fee is BDT 12 lakh, the bank may offer to give a loan of 80% of the amount and you will have to put in the balance 20%. This is called the margin amount. The maximum loan amount for studies abroad is generally around BDT 24 lakh by the bank. If your tuition fees amount is BDT 30 lakh, you’ll have to manage the rest of the funds by yourself. Some banks charge a processing fee, while others don’t. It may be a fixed amount or a percentage of the total loan amount. So if the bank charges you one percent as processing fee, that will be an additional cost you’ll have to cover.
Documentation required: You will have to provide the acceptance letter sent by the university reflecting that you have been selected for the course and the schedule of fees. You will also need to show the mark sheet of the last qualifying examination to show your academic record.
All banks have different requirement for documentation, so you need to confirm with the bank first.
Repayment: Repayment starts only after the course period. If the student gets employed within one year after completion of the course, the repayment should start immediately after the expiry of one month from the date of employment.
If you do not secure a job within a year of completing the course, then repayment starts irrespective of whether or not you are employed. The loan is generally to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time extension for completion of course, he may be permitted for a maximum period of two years. Generally, you will get up to a maximum number of 10 years to repay the loan.
Axiom educational advisor will be on hand to provide you with funding resources and further scholarship information. You could also download our complete guide on how to find scholarships to study abroad. To meet your personal Axiom Education Advisor, Contact Axiom Dhaka Office or send an inquiry: