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Tata Capital > Blog > Loan for Education > Know How to prepare for if you are planning for Overseas Education during COVID-19

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Know How to prepare for if you are planning for Overseas Education during COVID-19

Know How to prepare for if you are planning for Overseas Education during COVID-19

Did COVID-19 shatter your study abroad plans? It can be exceedingly non-feasible to pursue overseas education amid the pandemic. From travel bans to the current lockdowns across the globe, parents and students have been left disheartened.

Some of the best places to study abroad (USA, UK, Australia, Canada, and Europe) are drastically impacted by the pandemic. It has built an environment of uncertainty around the prospects of overseas education. But come what may, education must not be restricted.

Further, the challenges are not limited up to travel bans only. Tough monetary decisions also lie ahead. To manage finances, students can avail of study loans at attractive educational loan interest rates from a reputed lending institution. Now, let’s look at how you can address the COVID-19 challenges as a study abroad aspirant.

Don’t deviate from your plan

If you are confident about your decision to study abroad, then go ahead with the application. The scepticism around the said end of the pandemic still remains. So, it is not viable to throw away an academic year due to COVID-19. You can enjoy on-campus learning once universities reopen and until then, carry on with online education.

As several foreign universities have extended application deadlines and eased the application procedures, you must continue with your current action plan. If financial restrictions are bounding you to act otherwise, then a personal loanfor education can help.

Continue with your preparations

The pandemic presented you with the opportunity of a lifetime! You have ample time to prepare for entrance exams. With plentiful digital learning platforms and AI-proctored mocks, you can considerably enhance your chances of acceptance into the University of your Choice.

Additional Read: 5 Important Things To Do Before You Opt For Education Abroad

Analyse your options

International universities across several educational destinations have come up with novel measures to combat the current stressful situations. So, you might end up in a better place than what you already have in mind. Universities are greatly inclined towards hybrid or blended learning options.

Moreover, most foreign universities have reduced their tuition fee to encourage more students that are international. Again, you can always turn to financial institutions for managing finances. A personal loan EMI calculatorcan help you calculate the exact instalment and loan amount to make an informed borrowing decision.

Will it be worth your time?

Indian students have long been enticed by foreign universities and the prospect of studying abroad. Times like these may be challenging, but the will of the students has not deterred one bit.

Parents also continue to support their children by availing of an education loan.We believe that the inclination towards studying abroad is attributable to its ample advantages and perks. Better career prospects, a greater value of education, a global perspective, and unmatched life experience are some of the tempting benefits of overseas education.

Want financial support?

Whatever the reason may be, studying abroad remains a superior option for pursuing higher studies. Struggling to manage your finances for the same? You can claim enticing personal loan interest rates from financial institutions such as Tata Capital.

Once you satisfy our personal loan eligibility criteria, you can enjoy quick loan approval and disbursal with us.

Additional Read: Planning to Study Abroad? Follow these Steps to Take a Personal Loan

We deliver best-in-class services, and our product offerings cover different sectors and domains, including a personal loan for self-employed individuals. Contact us today and grab a seat in your dream international university!

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