Studying in an overseas country can be very expensive and not everyone can afford it but you don’t have to drop out or even postpone your dream of studying abroad. You can apply for an international student loan to make your study abroad visa dreams come true. But to apply for a student loan you need to be fully eligible for that. You need to have an acceptance letter from a registered institute in order to apply for a study loan. With the help of a student visa expert, you’ll be able to apply, effortlessly.
Requirements for a study loan
If you’re having trouble paying for your tuition fees, your study visa immigration consultant must have advised you to consider a study loan. Sometimes, the institute offers some funding, but students find it much more convenient with a student loan. There are some things you need to know, that your visa immigration expert will definitely explain well to you. They are:
- To apply for a student loan, you will need your latest qualification transcripts; you must provide proof that you can make regular loan payments. Each institute has different loan guidelines; your study visa consultants will probably have information regarding this.
- To be eligible for a student loan, you must have a protected status as a citizen or permanent resident. Your study visa consultants can help you with this step.
- Different countries have different guidelines regarding the study loan; the best immigration consultant will have full information regarding this. Your eligibility depends on your citizenship status, if you’re unsure about your status, you can also ask for your university’s financial aid.
- Make sure to fulfill all the requirements before you apply for a study loan. Your loan can be denied on another basis too. There are limits to how many non-residents can acquire a student loan.
- Prepare all the required documents beforehand and make sure your loaner receives all your documents properly and right on time. Sometimes, late submissions can change the loaner’s mind. Your study visa immigration consultants will let you know about the documents and dates.
If you need assistance with applying for a study abroad visa then My Udaan’s best immigration consultants are always at your aid. We’ll help you prepare for all the processes you’ll be going through.