Apply for International Student Loans

International student loans are available at competitive interest rates for education in the US and Canada. There is no application fees or out-of-pocket fees you need to pay when applying for International student loans. All you have to do is fill an online loan application and you will receive funds within 5 working days after submitting the complete online loan application. Students can actually find out within 15 minutes if they qualify for the preliminary approval or not.

The best place to start enquiring about student loans for studying in the US is TERI, short for The Education Resources Institute, which is one of the most experienced and largest nonprofit sponsors of private loans for education.

Another big source of obtaining educational loans is internationalstudentloan.com. From here, Graduate students can get educational loans up to $40,000 (Rs. 15.7 lakhs) a year. The aggregate maximum borrowing limit is $130,000 (Rs. 51 lakhs), and the minimum loan amount is $1,500 (Rs. 60,000).

Prospective students can go online and apply for loans. The information typically required includes:

• Credit Agreement
• Proof of Income
• Signature Verification
• Residency Verification

Remember that all Indian residents who apply for educational loans need to have a co-signer who is based in the US and has satisfactory credit, residence and employment history.

But before you start applying for international educational loans, it will be prudent to familiarize yourself with what the online application forms will ask for. It will be good if you can review the questions listed below and make sure you're prepared with answers about yourself or your co-signer. If you do that, you can get your preliminary approval in a very short time. If not, you may have to wait longer and stand the risk of having your loan application rejected.

Education in Australia

Australia is one of the most popular destinations among Indian students. Be it its cities marvelled for their architecture and landscaping, A class universities, vocational schools or the amazing features like affordability and accessibility, Australia is a rage for prospective students. No wonder education is the third largest industry in Australia.

The course most in demand which is also directly proportional to the demand in the international job market, is, Accounting. You can choose to go in for a diploma or a Masters. If you are looking for something short term, then courses like;

• Hair dressing,
• Hospitality industry,
• Construction,
• Building,
• Community welfare
• Plumbing and
• Automotive are your pick.

Aviation too is another exciting prospect for those geared to fly high. With so many private airlines coming into the domestic circuit in India and almost as many opportunities abroad it remains a lucrative option. Courses are under the Civil Aviation Authority of Australia and the only university providing it is Institute of TAFE, Melbourne. Other universities to look out for are:

• Sydney,
• Monache,
• Queensland,
• Adelaide,
• Tasmania and
• Western Australia.

The unique selling point of an Australian degree is that it takes three years, which is one year shorter than a US four-year degree and also, it costs comparatively less (40 per cent-60 per cent) than a UK or US degree. Nearly 37,000 Indian students were enrolled in Australian institutions YTD (Year to Date) March 2007, which is an increase of almost 50% as compared to the enrolments in the same period previous year.