A quick 4-step process to gather funds to study in Australia

1. A quick 4-step process to gather funds to study in Australia Have you dreamed of studying in Australia to earn your higher degree? Many have. Australia offers excellent higher study opportunities to students from all over the world. Australians have invested considerable sums of money to help their education system evolve to the changing needs of human society. But higher education in Australia is expensive and students have to get education loans to study in Australia. In this article, we will introduce you to the steps you must follow to fund your education in an Australian university. The first step to study in Australia is to find universities that offer a course you want to study. Learn more about those universities from their alumni, their website and shortlist a few that you find suitable for your higher education needs. Then fill their admission application forms and let them gauge you based on your merit. Once they approve your candidature, move to the next step. We will tell you the 4 steps to an education loan to study in Australia: 1. Calculate the education loan amount you are eligible for Many websites offer education loan eligibility calculators to help students calculate the education loan amount they are eligible for. Just put in the monthly income of your co- borrower, their monthly obligations, the rate of interest offered, and the tenure of education loan repayment in the calculator and press the calculate button. The calculator will display the speculative amount of money you are eligible to get. 2. Compare the financial lenders

2. Compare the financial lenders based on the reviews they get from their borrowers. Know what praises or complaints the reviewers have from their lenders and based on this shortlist a few lenders. Compare the shortlisted lenders on factors like the maximum amount of funding they are ready to give, the expenses they will cover, the interest rate they will levy, the moratorium period they will offer and so on. Also, compare the lenders based on value-added services they provide like proof of funds, pre-visa loans, pre-admission loans and so on. 3. Apply for the education loan Once you have decided your lender for an education loan to study in Australia, fill the lender’s education loan application form. And submit the documents they ask for. The lenders will then process your application, verify the details and the documents you gave. Once this is done, they will sanction your education loan. The lender will disburse the money in the end. After this, move to the next step. 4. Submitting the money from the education loan amount to secure CoE in a university Once you secure your education loan, you will have to pay the fees of the first semester of your higher studies. After which you will have to buy health insurance for your stay in Australia. Apart from that, you will be asked to open a bank account in an Australian bank and deposit 1 year’s expenses of living there in that account. The university asks you to do this to gauge your financial capacity to live and study in Australia throughout the duration of your course. Once you fulfil these conditions, the university will offer you a Confirmation of Enrolment (CoE) and you can begin your education. So, this is the 4-step process to gather funds to study in Australia. We hope that after reading this article, you know your way to fund your learning and earn a higher degree from Australia. All the best!