Australia Cost & living - Education loans
17 questions
Expert Answers
How do I plan my application, funds and visa for the November intake in Australia?
→Plan the November intake around a short cycle. Keep savings or loan funds documented by June or July, aim to apply by mid-July and secure your offer by August, and lodge your student visa by mid-September where possible if applying from outside Australia.
As an Indian student planning to pursue a Master's in Australia, can I get an education loan to cover both my tuition fees and living expenses?
→Yes, Indian banks finance both tuition and living costs for an Australian master's, with unsecured loans commonly reaching ₹50 lakh and secured options up to ₹3 crore through schemes like SBI's Global Ed-Vantage. You will separately need to show AUD 29,710 in living funds for the Subclass 500 student visa.
As an Indian student, what expenses in Australia, New Zealand, or Poland can an education loan cover for me?
→Yes. Following the Indian Banks Association's Model Educational Loan Scheme, Indian lenders typically fund tuition, hostel, exam and lab fees, travel, insurance, books, and reasonable living expenses for Australia, New Zealand, or Poland, with New Zealand requiring NZD 20,000 a year in living funds.
What scholarships and loan coverage can I expect for a master's program at Griffith University?
→Yes, Griffith University offers a 20% International Academic Merit Scholarship automatically and a competitive 50% Vice Chancellor's Scholarship. Indian bank loans, such as SBI's Global Ed-Vantage, can cover up to 3 crore rupees, with up to 50 lakh available collateral-free.
Is it possible to use my brother's income for visa sponsorship or loan co-applicant purposes in Australia/Canada?
→Is it possible to get a 100% education loan for studying in Australia, and will that affect my visa process?
→Are you planning to fund your studies through a student loan or savings in UK/Australia for a Master's?
→International students typically rely on personal savings, private loans, or scholarships rather than government loans. Government loans like UK Master's Loans or Australian HELP loans are generally restricted to domestic or settled residents. You must carefully evaluate your funding strategy based on your residency status and target country before applying.
All Questions (17)
As an Indian student planning to pursue a Master's in Australia, can I get an education loan to cover both my tuition fees and living expenses?
→As an Indian student, what expenses in Australia, New Zealand, or Poland can an education loan cover for me?
→Is it possible to use my brother's income for visa sponsorship or loan co-applicant purposes in Australia/Canada?
→Is it possible to get a 100% education loan for studying in Australia, and will that affect my visa process?
→Are you planning to fund your studies through a student loan or savings in UK/Australia for a Master's?
→Is it possible to get a 100% education loan for studying in the UK or Australia, and what are the restrictions?
→Is it realistic to fund an Australian graduate-entry MD program via a large education loan while working part-time as an international student?
→Is a University of Melbourne economics degree worth a large education loan compared to studying at Delhi University instead?
→Is a large education loan for a Master of Pharmacy in Australia worth it for a hospital pharmacist career?
→Can I switch my sanctioned education loan for Australia to Canada, and is a loan amount of 40-50 lakh rupees sufficient for a Master's?
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