Australia Education Loan: Full Process Guide

Australia Education Loan: Full Process Guide

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Event Description

Welcome to the 19th episode of Loanflix. Similar to our previous episodes, this episode is targetted at students who wish to study in Australia, but are not aware of the terms and conditions placed by the Australian embassy for students who are funding their higher education with the help of education loans. So read on to know more about what this episode is going to cover. Australia is on the list of many students who wish to continue their higher studies abroad. A majority of these students borrow education loans to study in Australia. An education loan for Australia can be a tricky process if you are not aware of the funding requirements stated by the Australian embassy. So if you plan to borrow an education loan for Australia, here are a few points you need to take a note of.

Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan. Following are some of the major talking points in this episode of Loanflix.

What kinds of education loans are possible to study in Australia?

The episode begins with our expert speaker, Damini, explaining the kinds of education loans that are accepted by the Australian embassy. She also tells you about the maximum loan amount lent by banks for students who wish to study in Australia. Watch this part of the 19th episode for information about this aspect of the Australia education loan process.

When do you need the loan sanction in the Australia education loan process?

Knowing the exact time at which funds are needed is crucial in education loan process for any country. In this part of the episode, Damini informs you about the exact phases when funding is required and how to go about it.

When should I apply for an education loan for Australia?

In order to get their funds at the right time, it is always essential to apply for an education loan in the right phase. Questions like ‘When should I apply for an education loan?’ ‘How much time does the visa process take?’, etc. are answered in this part of the video.

Fulfilling embassy requirements through an education loan?

Like embassies of every other country do, the Australian embassy has set certain rules and regulations for students who use education loans as their funding source. What are these rules? How to fulfil them? All these questions are answered in this part of the 19th episode.

Conclusion 

When you decide to study in any country abroad, you need to keep in mind that the embassy of a particular country has set some rules and regulations regarding the funding sources used by migrant students. While applying for an education loan, you need to have a clear idea about these rules and regulations. We hope that this video gives you ample information regarding the same. And it doesn’t end here, our next Loanflix episode will tell you all about the education loan process requirements of Germany. So stay tuned and do watch out for this part of our website to stay updated about the upcoming videos.

 

Date And Time

Timezone : (GMT+05:30) Chennai

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Speakers

Damini Mahajan

Damini Mahajan
CoFounder & CEO, WeMakeScholars 

Damini is the Cofounder & CEO of WeMakeScholars.com. It’s a BITS start up supported and funded under the IT Ministry, Govt. of India. The organisation’s motive is to offer unbiased collateral/non-collateral based education loan support to students who are planning for studying abroad. As this initiative is under the digital India campaign, it's at free of cost. WMS works with 14+ banks (public/pvt) in India and help you get the best edu loan matching your profile.

Prior to launching WeMakeScholars, Damini had done her masters from the University of Sheffield, UK. Her education was funded under the Developing Solutions Masters Scholarship which covered her full tuition fee ($ 38,000). Damini is also a gold medalist in her Bachelors and also won the outstanding student award from the Vice president of India. 

She was the speaker at TiECon 2016 at Silicon valley, San Francisco in the social entrepreneurship segment. She was also covered in the Asian Entrepreneur magazine in the “Women on Top in Tech”, a global series of Women Founders, CEOs & Leaders in Tech. 

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