Now Fund Your Studies Through Education Loan

education loan
Studying abroad is expensive and you might need loan to pursue your studies. In order to make sure that no student is denied of pursuing higher education, various banks in India have come up with educational loan schemes. The demand for the loans is on a rise as the cost of education is escalating over the years.

You are eligible for a loan if you have secured admission in any of the bank’s list of approved courses or universities.

Expenses considered for loan:
* Fees payable to school/hostel
* Examination/Library/Laboratory fees
* Purchase of Books/Equipment/Instruments/Uniforms
* Caution Deposit/Building Fund/Refundable Deposit
* Travel Expenses/Passage money for studies abroad
* Any other expenses required to complete the course like study tours, project work etc.

SBI, Bank of Maharashtra, IDBI, Allahabad Bank, OBC, UBI, Bank of Baroda are some of the banks that provide educational loan in India.

The documents needed to be furnished to avail the loan:
1) Completely filled Application Form with Photographs.
2) Letter of admission from the Institute.
3) Letter from the Institute stating expenses of the program (term-wise, year-wise)
4) Documents for the Applicant & Co-applicant (Residence Proof, ID Proof, Signature Verification Proof, Age proof)
5) Mark sheets from SSC onwards till the latest examination passed.
6) Income Documents of the Co-applicant (Pay Slips / ITR copy etc)
7) Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution

If you are planning to study abroad then following documents will also be required:
8) Visa approval papers
9) Travel documents
10) GRE/GMAT/SAT score
11) I-20 in case of applicant going to the USA

19 Rules That Apply During GMAT Test

The Graduate Management Admission Test (GMAT) is a standardized test, which means that it is given under standard conditions. Part of what makes it possible for schools to look at GMAT test scores and compare them across applicants is the schools’ confidence that the test is administered the same way to everyone who takes it.

Consequently, there are some very specific rules about the way you must behave at the test center. You should understand that there is no flexibility about these rules and the test administrators cannot make exceptions. The following rules apply during the entire GMAT test administration, which begins at check in, includes breaks, and ends at check out. Violations will be documented by the test administrator and reported to Pearson VUE, which administers the test on behalf of the Graduate Management Admission Council (GMAC).

1) When you check in at the test center, the test administrator will ask you to present valid identification (passport, driver’s license, Government Issued ID Card). The administrator will also ask you to agree to the GMAT Examination Testing Rules & Agreement.
2) The test administrator will digitally take your fingerprint, signature, and photograph. Audio and video are recorded in the testing room at all centers during the exam. If you refuse to participate in any part of the check-in process or refuse to allow the audio/video recording, you will not be permitted to test and you will forfeit your test fee.
3) Before you start the GMAT exam on a test center workstation, you will be asked to agree to the GMAT Nondisclosure Agreement and General Terms of Use statement. Electronic confirmation of your agreement is required. If you do not agree to the statement, you will not be permitted to take the test and you will forfeit your entire test fee.
4) No testing aids are permitted during the test session or during breaks. Aids include but are not limited to beepers, pagers, pens, calculators, watch calculators, books, pamphlets, notes, blank sheets of paper, rulers, stereos or radios, telephones or cellular (mobile) phones, stopwatches, watch alarms (including those with flashing lights or alarm sounds), dictionaries, translators, thesauri, personal data assistants (PDAs), and any other electronic or photographic devices or potential aids of any kind.
5) The test administrator will provide you with a booklet of 5 noteboards. If you fill up your noteboards during the test, please raise your hand; the administrator will collect the noteboards you have and give you replacements. You may not remove the noteboards from the testing room during or after the test and you must return them to the administrator after the test.
6) Testing must begin promptly once you are seated at the computer. The length of your appointment is approximately 4 hours.
7) Two optional breaks are scheduled during the test administration. If you exceed the time allowed for these breaks, the excess time will automatically be deducted from the time you have to complete the next section of the test.
8) Testing premises are subject to audio/video recording and other monitoring.
9) You may not communicate with anyone about the content of the GMAT test while the test session is in progress, during any breaks, or after administration of the test.
10) You will not be allowed to eat, drink, or use tobacco in the test center. You may store such items in a locker and take them outside the test center during breaks.
11) You will not be permitted to leave the testing room without the test administrator’s permission. You will be required to provide a digital fingerprint any time you leave or enter the testing room.
12) During a break, you are required to remain in the test center building or in the immediate area. This policy varies depending on the test center location, and it is your responsibility to ask the test administrator where you are permitted to go, for example, to the nearest restroom or smoking area. If you violate test center policy, the administrator may refuse to allow you to reenter the testing room and continue your exam. Again, if you exceed the time allowed for each optional break, the extra time is deducted from your remaining exam time.
13) Access to telephones, cellular (mobile) phones, or other communication devices will not be permitted during the test session or during breaks.
14) Raise your hand to notify the test administrator if you believe you have a problem with your computer, need a new noteboard, or need the test administrator for any other reason.
15) Disruptive behavior in any form will not be tolerated. The test administrator has sole discretion in determining what constitutes disruptive behavior. To understand the consequences of a disruption, please see Cancellation of Scores due to Misconduct.
16) The test administrator is authorized to dismiss you from a test session for various reasons, including, without limitation, providing false information; attempting to take the test for someone else; failing to provide acceptable identification; possessing unauthorized personal items or testing aids; refusing to comply with an administrator’s reasonable requests; giving or receiving unauthorized help; attempting to tamper with the operation of the computer; refusing to follow directions or failing to adhere to any other procedure, policy or rule.
17) For the Analytical Writing Assessment (AWA) section of the GMAT test, you will be required to compose two original essays. Plagiarism in any form is unacceptable. GMAC and Pearson VUE reserve the right to cancel GMAT test scores when, in their judgment, there is evidence of plagiarism. As with all other test records, the AWA essays are the property of GMAC, not examinees.
18) Removing or attempting to remove test content from the test center is strictly prohibited. Under no circumstances may any part of the test content viewed during a test administration be removed, reproduced, and/or disclosed in any form by any means (for example, verbally, in writing, or electronically) to any person or entity at any time. This includes, but is not limited to, discussing or disclosing such test content via e-mail; in any Internet chat room, message board, or other forum; or otherwise. This disclosure prohibition applies before, during, and after any administration of the GMAT exam.
19) Once you have completed the exam, you will receive a series of questions asking about your demographics, background, plans for graduate school, and whether you would like to participate in surveys or receive information from GMAC, graduate business schools, scholarship-granting organizations, and/or certain strategic partners of GMAC participating in the Graduate Management Admission Search Service(GMASS). The answers to these questions may be pre-populated with answers you previously provided.

Note:
GMAC and Pearson VUE reserve the right to take all action(s) that they deem appropriate if an individual fails to comply with the test administrator’s directions or the test terms and conditions, including without limitation test rules, policies or procedures. This includes but is not limited to barring an individual from future testing, canceling or withholding the individuals scores, and/or reporting any rule violations, fraud, or other irregularities to schools or other appropriate third parties, including law enforcement authorities. If your scores are cancelled or withheld, they will not be reported and your entire test fee will be forfeited.

3 Easy Ways To Register For GMAT

ONLINE REGISTRATION
An applicant can register online on GMAT’s official website:
1) www.mba.com
2) www.gmac.com

Online test fee payment of USD 250 can only be made by credit card or debit card. So, you need to have a Visa, MasterCard, JCB or American Express credit card or a Visa or Master debit card to register online for the GMAT.

REGISTER BY PHONE
Appointment can be scheduled on the following number:
Telephone: 0120 4324628 (95120 from New Delhi)
9:00 a.m. to 6:00 p.m.

REGISTER BY FAX
Form can be easily downloaded from the above mentioned sites. The downloaded form should be faxed with the details on the number:
+61 2 9901 3330

NOTE:
1) All the documents must be sent atleast 3 weeks before the first choice of test date.
2) You must receive the confirmation atleast 3 days before the first choice of date else contact with administrator.
3) All the applicants are required to bring their passports along with them as their identification card.

GMAT Test Centers In India

The following are the various testing centre in India:

Pearson Professional Centers-New Delhi, India +91-11-41841472
18,Ramnath House
Yusuf Sarai Community Centre
Above Hyundai Show room
New Delhi, Delhi 110016

Pearson Professional Centers-Hyderabad, India +91-40-66469825
202,ABK Olbee Plaza
Road No.1,Banjara Hills
Hyderabad, Andhra Pradesh 500034

Pearson Professional Centers-Bangalore, India +91-80-41134165
3rd Floor, Trade Center
Dickenson Road
Near Manipal Centre
Bangalore, Karnataka 560042

Pearson Professional Centers-Mumbai, India +91-22-40056787
Building no.9,1st Floor
Solitaire Corporate Park,167 Andheri
J B Nagar Link Rd,Chakala, Andheri (East)
Mumbai, Maharashtra 400093

Pearson Professional Centers-Chennai, India +91-44-43021101
6A, Nelson Chambers ‘E’ Block,
115, Nelson Manickam Road,
Aminjikarai,
Chennai, Tamil Nadu 600029

Kolkatta
Xenitis Technolab Pvt Ltd, Kolkata, WES, India

Ahmedabad
H.L. College of Commerce, Ahmedabad, GUJ, India

Uttar Pradesh
UPTEC Computer Consultancy Limited, Allahabad, Uttar Pradesh

Pune
H.L. College of Commerce, Ahmedabad, GUJ, India

Bhopal
MeritTrac Services Pvt. Ltd, Bhopal, Madhya Pradesh

Ranchi
Infinity Academy,Ranchi, Jharkhand

Key Factors To Find Accommodation In UK

Starting life at an International University can be tough. Although finding good accommodation can be worrisome, a little research before you leave will go along way.

Campus accommodation V/s off-campus accommodation
Some universities have a three-tier system of accommodation for overseas students. Usually, one is guaranteed accommodation on campus in the first year. This helps foreign students fit in. In the Second year, it is necessary to look for off-campus accommodations. These could be either at one of the properties managed by the university for local landlords or a private one. In the final year, with all the added pressures of finishing a degree, you are guaranteed campus accommodation once again.

UK UniversityGenerally, Indian students go for campus accommodations. This can be a good or bad move depending on a number of factors. If your university is a ‘campus university’, it is likely to be situated away from the city centre. Thus you will have to take a short bus ride to the campus. Living on campus means that you are close to all university facilities such as the library and the students’ union. It is also considered safer.

On the other hand, if your university is in London or any other major city, there will be public transport to the campus. Buildings of the university are scattered. In this case, choosing to stay in the university’s student residence will not provide easy access to the facilities.

Students tend to over-estimate costs. Weekly rents for a room could range from 50 pounds (approx Rs 4,000) to 100 pounds (approx Rs 8,000) per week, depending on the standard of student accommodation. This costs as much as renting a room or a flat in town.

As a pattern, students choose campus accommodation in their first year and move off campus in the second in order to see more of their surrounding areas. Staying with a group of friends in a rented apartment, works out cheaper.

Go to your university’s estates service to find out about off-campus accommodations. They usually have a list of properties that they manage on behalf of local landlords. However, do not limit yourself to the list. Approach local estate agents for properties which are solely advertised for students. Look at several properties to get an idea of what is available, where and at what price.

There are useful websites where a lot of student properties are advertised. Feeding your search engine with ‘student accommodation’ will throw up good results. Some websites you could visit are www.accommodationforstudents.com, www.homesforstudents.co.uk, www.studentpad.co.uk. Most local estate agents also have websites with portfolios of properties. Browse through them and identify properties that you want to view.

Two things you should remember while making a decision:
• View as many properties as you can even if the process is lengthy
• Consider various factors like distance from campus, cost, quality, neighborhood, etc

Renting a property
You (or your group) will have to sign a tenancy agreement usually covering a period of one academic year. Read the document carefully. This is a legally binding document, making you liable to pay rent for the entire period.

Estate agents charge administration costs of between 20 pounds (approx Rs 1,500) and 50 pounds (approx Rs 4,000) per person. They may ask for a copy of your student status letter (available at your university) and a copy of an identification document (usually your passport).

Location, type and quality of accommodation decide the extent of rent you pay. Properties in some areas are simply more expensive than others. A security deposit is required to be made, usually in the range of a month’s or a month-and-a-half’s rent on the entire property. This will be refundable at the end of your tenancy. This is of course subject to the condition of the property since you moved in.

Usually agents also collect the rent on behalf of the landlord. You might have to set up a standing order on your bank account. This means that on a certain date (usually the first of every month), your share of the rent will be debited from your account and transferred to the agent’s account.

Some properties are advertised inclusive of utility bills whilst most are advertised without. Find out from the agent who the providers are for the property. Contact them to open an account in your name and give meter readings. Make sure to call them again, give meter readings and close the accounts when you move out. This will prevent receiving bills for periods that you haven’t lived there. Full-time students are exempt from council tax.

On Guard!
Indian students are advised to spend an extra 10-15 pounds (approx Rs 800-Rs 1,000) a month for tenants’ contents insurance from a reputable broker. This is because student properties are often targeted by burglars and it is better to insure your valuable possessions.

Estate agents are salesmen, and will always talk up the property. Don’t get carried away. Inspect property for yourself. Landlords may want to extract money from you. Be prepared for an unwillingness to return deposits in full. The contactor might even make deductions claiming that you are responsible for damages to the property. Photograph the interiors of the property when you move in. They can be used as evidence of the condition when you move out. Thus, you can claim a full refund of your deposit.

The contractor is responsible for issues like leakages and the likes. Contact him to rectify the problem.
If you are cautious and take all precautions necessary, living in the UK can be fun!

All About The Application Process For International MBA

There are two ways to apply for an MBA:
1.First take the GMAT (the Graduate Management Aptitude Test), then decide which B-school to go to and proceed with the application process for each school.
2.The second option is to decide on the B-School, then take the GMAT, and proceed with the application process.

The former process allows one to process the GMAT results and accordingly target schools which are likely to accept your scores. This helps decide on the schools that you really want to get into and those that are your backup. Target schools efficiently and be resourceful.

The latter process takes for granted that one would get the GMAT score required for the schools selected. This is perhaps suitable only for those who are sure of their capability to get into the school. The advantage is that one’s efforts are directed based on the specific goal of getting into specific schools.
If you are aware of the GMAT score you want to reach, you could set a higher goal so that even if you fall short, you will still have the score you require. Assuming that such efforts would pay off well, one reduces the chances of giving up one’s desire of going to the school you hope to.

GMAT is an expensive test to register for. The GMAC, the Council that governs the GMAT, allows a candidate to have his/ her scores sent to five B-schools. Sending score reports to any additional schools would attract an additional fee for each additional school. To not resort to any additional score reports you have to make the decision on the schools before taking the test.

The application process is a lengthy one and includes unexpected running-around.
GMAT
• Register for the test
• Take a mock test
• Gather study material and reference books
• Study
• Exchane notes and relevant topics with other applicants and discuss the same with them
• Attempt more mock tests

TOEFL
• Register for TOEFL
• Gather and study material

Transcripts
• Visit all the UG/ PG institutions you were a part of and check if they had a format for Transcripts
• If they do, then request them to prepare transcripts; if they don’t, prepare a format for them to fill up
• Revisit the campuses to collect transcripts
• Make copies of the transcripts and get them attested
• Enclose attested copies and original transcripts in envelopes and revisit the campus to get the institutions’ stamp across the seal

Recommendations
• Contact prospective recommenders to ask if they are willing to write recommendations.
• Make appointments with those who have agreed, to discuss the content of your recommendation
• Prepare a list of probable questions that the recommender may have to deal with
• Provide recommenders with the questions to fill out
• Contact them and fix a time to collect their responses. Carry envelopes along with each recommender’s name and the name of the school on it. Ensure that the response forms sealed in the envelope and signed across the seal

Essays
• List the essay topics of all the schools to be applied to
• Consider important points and intended content for each topic
• Write the essay
• Tailor-make an essay for every school
• Rework on your content
• Share with peers or professionals who will give an honest review of your work
• Revise and rewrite

Postage/ Courier
Make arrangements for sending transcripts and recommendations. While most schools have online application forms, some cases still require a hard copy of the application.
• Check out costs for international express delivery, post, etc. and the time each will take to deliver
• Ask if discounts are offered to students
• Fix a date for courier visit/ postal delivery

Application
• Fill in the online application forms
• Take print-outs of the completed form where necessary
• Pay application fee, which is usually through a credit card or a bank draft

Points to Remember
• Get the GMAT and TOEFL out of the way quick.
• Ensure that you have time after the test to complete all formalities.
• Before you fully concentrate on preparing for the tests, tour alma maters and workplaces to set the transcript and recommendation process in motion.
• Ensure that you follow up on progress by revisit to the campuses and offices.
• Don’t be lazy about the essays or presume that you will be done before the deadline. With all the traveling you will have to do to get work done, you may not have enough time to complete them in time.
• Pay attention to every aspect of the application. One can never tell what might put off an application reviewer. Plan the application cycle so that every aspect gets its due importance.