overseas education consultant Archives

IELTS Listening Test Tips: Improving Concentration and Accuracy (PBT and CBT)

October 10, 2024October 10, 2024Dilip Oak's Academy

Understand the Test Format

In both formats, the IELTS Listening test consists of four sections, each with a different type of audio, ranging from conversations to monologues. The difficulty level increases as you progress through the sections.

Tip:

Use Preparation Time Efficiently: Before the audio starts, use the short preparation time to read through the questions quickly, underline keywords, and anticipate the types of answers required (e.g., numbers, dates, names). This applies to both formats.

If you’re aiming to improve your IELTS test score, consider joining Dilip Oak’s Academy IELTS Preparation Course. Visit us at www.dilipoakacademy.com or email us at support@dilipoakacademy.com

Stay Focused and Present

Staying focused throughout the test is key, as you will hear each audio recording only once. Here are ways to ensure you stay alert. Simple breathing exercises can help you stay calm and focused.

Visualize The Scenario: As you listen, picture the situation in your mind to keep yourself engaged and follow the flow of the conversation.
Do Not Panic If You Miss Something: If you miss a word or answer, do not dwell on it. Move on to the next question and stay focused on what comes next.

This strategy is useful for both the paper-based and computer-based test versions.

Practice Active Listening

Active listening involves paying close attention to specific details, such as names, dates, and directions, while also predicting what might be said next. In both formats, this can make a huge difference in your score.

Tip:

Listen for Contextual Clues: The tone of voice, pauses, and emphasis on certain words can help you identify important information. Focus on transitions (e.g., “however,” “but,” “on the other hand”) as they often signal a shift in the answer.

Familiarize Yourself with the Different Question Types

In both formats, the question types include multiple-choice, matching, note completion, sentence completion, and labeling maps or diagrams. Each type requires different skills.

Tip:

Be Ready for Distractors: In many questions, especially in conversations, speakers may correct themselves, change their minds, or include irrelevant information. Be prepared for these red herrings and listen carefully to the final answer.

Improve Your Focus During Pauses

The paper-based and computer-based tests provide short pauses before each section, giving you time to read the upcoming questions.

Tip:

Use These Pauses Wisely: Skim through the questions quickly, underline or highlight keywords (names, numbers, dates), and focus on what you need to listen for. This helps you zero in on the important parts of the audio once it starts.

Avoid Common Mistakes

In both formats, candidates often fall into similar traps. Here are some common mistakes to avoid:

Writing Answers Too Early: Do not rush to write down an answer when you hear something that sounds correct. Sometimes, the speaker will provide extra clarification or correct themselves. Wait until the idea is fully explained.
Overlooking Spelling and Grammar: Poor spelling or incorrect grammar can lower your score, even if your answer is technically correct. Always double-check your answers for these issues.

Review your transferred answers in the last 10 minutes for the paper-based test. Use the final 2 minutes for the computer-based test to check for errors.

Prepare for Different Accents

In both test formats, you will hear a variety of English accents, including British, Australian, American, and others. It is important to get accustomed to these different accents before the test.

Tip:

Listen to Podcasts, News, or Shows: Engage with audio content from different regions to get used to various pronunciations and accents. This will help you feel more comfortable during the listening test.

Get Comfortable with the Test Interface

For the computer-based test, you’ll enter answers directly into the computer. The interface includes features like highlighting text and scrolling through the questions.

Tip:

Practice Using the Test Software: Before your test, try mock computer-based exams to familiarize yourself with the interface, particularly navigating between questions and using highlighting or note-taking features.

For the paper-based test, you must navigate the physical question booklet and transfer answers to an answer sheet at the end.

Tip:

Make Legible Notes: If you take the paper-based test, ensure that any notes or answers you jot down are clear enough to transfer correctly later. Use a pencil to mark and transfer the answers.

Manage Your Time Well

Time management is essential in both formats, but the way you handle your answers differs slightly:

Paper-Based Test: At the end of the listening section, you have 10 minutes to transfer your answers from the question booklet to the answer sheet. Use this time to check for spelling mistakes and ensure all answers are legible.
Computer-Based Test: You input your answers directly during the test and will have only 2 minutes to review and submit them.

Tip for Both:

Focus on listening, jotting notes, or highlighting important information during the test. Use the extra minutes at the end to double-check spelling, grammar, and accuracy

Take Practice Tests

Regular practice is key to performing well in both test formats. Practicing IELTS-style mock tests under timed conditions will improve your concentration and help you manage your time.

Tip for Both:

Simulate Test Conditions: When you practice, use a timer and sit in a quiet room to simulate real test conditions. For the computer-based test, use practice tools that mirror the test’s interface. For the paper-based test, practice transferring answers during the 10-minute transfer time.

Conclusion

Improving concentration and accuracy in the IELTS Listening test, whether paper-based or computer-based, involves active listening, smart time management, and regular practice. Applying these IELTS Listening test tips and being mindful of the differences in test formats can enhance your performance and boost your overall band score.

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of services, including GRE, TOEFL, and IELTS coaching, as well as GRE Self Prep. Furthermore, our admission counseling services can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. To enroll in our comprehensive overseas education consultancy services, book a free consultation or call us at 91-20-67444222.

Guidelines for Choosing the Right University for an MS Program in the US

September 5, 2024September 5, 2024Dilip Oak's Academy

Job opportunities in the U.S. are restricted, but the economy is expected to recover by 2025. Additionally, the strengthening dollar value is increasing the cost of education. Therefore, choosing the right university for an M.S. program becomes crucial. Here are the key factors to be considered when selecting the best university.

Accredited Universities

Accreditation is the process through which educational institutions and programs in the US receive recognition that they meet established quality standards. There are reputed accrediting bodies in the US, consisting of eminent educationists and private citizens, which evaluate institutions and universities and accredit those which fulfil certain minimum criteria. Accredited universities offer a higher likelihood of visa acceptance and improved job prospects. Additionally, they are well-equipped with research facilities, knowledgeable faculty, and state-of-the-art amenities.

Choose Universities That Offer Merit-Based Admissions

Choosing universities with merit-based admissions is beneficial as it rewards academic excellence, often offers financial support through scholarships or waivers, and provides access to high-quality programs. This can give you a competitive edge in the job market and place you in a motivating environment with driven peers, enhancing your education and career prospects.

If you’re interested in admission counselling for studying in the USA, you can reach out to Dilip Oak Academy call us at 020-67444222

Select STEM Courses

Choosing a STEM course offers a 3-year OPT (Optional Practical Training) advantage, which allows students to work on a student visa in the U.S. This period helps you gain practical skills and improve job prospects. Meanwhile, the students can apply for an H-1B visa (work permit), offered through a lottery system every year, since the number of applicants exceeds the allotted quota. The STEM students get an opportunity to participate in the lottery for three years, which increases their chance of getting an H-1B visa.

Select a Two-Year Course Rather Than a One-Year Course

Choose a two-year M.S. program or at least three semesters. This allows students to do paid internships in the summer break after two semesters. These internships offer hands-on experience, build your network, enhance your resume, and can lead to full-time job offers from the same company, boosting your career prospects.

Budget Considerations in University Selection

When selecting a university, avoid stretching your budget to prevent financial strain. Opt for affordable options like state universities, which generally have lower tuition fees than private institutions. Being mindful of future financial obligations, such as loan repayment, is crucial to managing costs and reducing financial stress.

Class Size or the Intake Policy of the University

Consider class size and intake policy when choosing a university. A class size of 30-60 students is ideal, as it allows for more personalized attention, better interaction, and improved networking opportunities. Large classes with 200+ students can hinder engagement with instructors and limit access to resources, making it harder to secure internships and placements. Choosing a university with a manageable class size can enhance your learning experience and boost your career prospects.

Choose Research-Based Universities

When choosing universities for your M.S. program, opt for those with a strong research focus. These institutions often offer research assistantships, providing hands-on experience and skill development. They also tend to have strong industry connections, making securing internships and job placements easier.

Location of the University

The location of a university is important for placement opportunities, as institutions in major cities or business hubs offer better access to internships and job prospects due to nearby industries. However, if the university is highly prestigious, its location matters less because top companies will visit regardless, seeking talent from these renowned institutions.

University Ranking

University ranking is important but not crucial. While reputed universities often rank in the top 1 to 100, rankings vary for academic and research institutions. Determine whether you prefer a career-oriented path or research. Sometimes, even a lower-ranked university with smaller classes might offer better placement prospects and access to resources due to less competition than a higher-ranked university with larger classes.

By carefully weighing these factors, you can make an informed decision that aligns with your academic aspirations and career ambitions, ensuring you choose a university that best supports your journey toward success.

How to Make a Strong Profile for Admission to an MS Program in the USA

August 8, 2024September 5, 2024Dilip Oak's Academy

As you set your sights on international education, building a strong profile that impresses admission committees and reflects your unique strengths and aspirations is crucial. Let us explore how students can build a compelling profile for studying abroad.

Define Your Academic Goals

Before you build your profile, choose your academic goals and the field of study you are passionate about. Understanding your objectives will guide you in selecting the right courses and extracurricular activities to complement your academic journey.

Academic Excellence

Maintaining a solid academic record is the cornerstone of a strong profile. Strive for excellence in your coursework, emphasizing subjects related to your chosen field. A high GPA is a testament to your dedication and a key factor in gaining admission to top-tier institutions.

Research and Projects

Engage in research and projects that align with your interests. Universities abroad also value your hands-on experience through internships. Showcase any published papers, presentations, or innovations from your research endeavors.

Coding and Software Proficiency

Emphasize your proficiency in coding languages and relevant software. Highlight any coding projects, open-source contributions, or software development experiences you have undertaken. This demonstrates your practical application of theoretical knowledge.

Excel in the GRE Test

Many US universities require a good GRE score. Invest your time thoroughly preparing for the GRE. A strong score significantly enhances your chances of admission to a good university. Consider taking GRE classroom coaching or GRE online coaching to maximize your performance.

Language Proficiency:

English proficiency test is a mandatory condition. Take language proficiency tests like TOEFL or IELTS seriously, and invest time honing your language skills. You must have a good score in Reading, Writing, Speaking and Listening.

Letters of Recommendation

Secure strong letters of recommendation from teachers, project guides, or employers who can speak of your academic abilities and character. Please provide them with relevant information about your goals and achievements to ensure personalized and impactful recommendations.

Personal Statement/Statement of Purpose

Craft a compelling personal statement that reflects your journey, aspirations, and your unique qualities. Be authentic, showcasing your passion for your chosen field and explaining how the program aligns with your career goals.

Extracurricular Activities

Engage in a diverse range of extracurricular activities to showcase your well-rounded personality. Join clubs, sports teams, or volunteer organizations that align with your interests. Highlight leadership roles and significant contributions to demonstrate your ability to balance academics with active participation.

Resume/CV Building

Develop a comprehensive resume or curriculum vitae highlighting your academic achievements, internships, relevant work experience and extracurricular involvement. Tailor your resume to align with the specific requirements of the universities you are applying to.

Take the time to carefully consider each point mentioned above, as they collectively contribute to presenting a well-rounded and compelling application. As you start on this exciting journey, also remember that guidance from mentors, advisors, and peers can be invaluable. They can offer insights and feedback that will help you build a strong profile and enhance your chances of success. Best of luck, and remember—each step you take brings you closer to achieving your dream of studying abroad.

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. Over the last 27 years, with our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

Essential Tips for Students on reaching US Universities for Fall (August) 2024

July 29, 2024September 5, 2024Dilip Oak's Academy

Congratulations to everyone who secured a spot at a US university for Fall 2024! The application and visa processes were challenging, but now you’re on the brink of an exciting new chapter. Before you begin this journey, here are some critical steps to take upon arriving for your MS in the US for Fall 2024.

1. Check-In with Your University

Report to your university’s international student office (ISO) promptly upon arrival. They will verify your documents (passport, visa, I-20, marks statements) and provide further guidance. This step is crucial for maintaining your legal status and getting the necessary support from the university.

2. Finalize Housing and Living Arrangements

Securing comfortable housing is crucial. Start by reading online reviews on sites like Yelp to avoid potential issues, such as bed bugs, which can be a significant problem in some areas. When you find a place, carefully understand the lease terms before signing. If you need furniture, remember that new furniture often requires assembly, so consider buying used items from Craigslist or eBay to save money. Always negotiate prices and ask the senior students or current residents to refer you, which might get you a discount on your first month’s rent. Finally, don’t forget to utilize university housing resources and bulletin boards for listings and roommate matching.

3. Set Up Utilities

Arranging utilities is essential when moving into your new apartment in the US. Unlike some places, most apartments require you to contact utility providers to activate services like electricity. Each state has different utility providers, so you’ll need to contact the local companies specified by your apartment complex. Ensure you make these arrangements before your arrival to avoid any disruptions in service.

4. Attend the Orientation

Participate in the university orientation sessions designed for international students. These sessions cover academic policies, campus resources, safety protocols, and cultural adjustment tips. Orientation is an excellent opportunity to meet fellow students and familiarize yourself with the campus. You will also learn about the various international student services offered by your university.

5. Register for Classes

Follow the registration process outlined by your academic department. Select your courses based on your program requirements and academic interests. Early registration ensures you get the classes you need and helps you stay on track with your academic goals.

Still studying for your GRE? Explore our numerous blogs on GRE Quantitative Reasoning and GRE Verbal Reasoning.

6. Join Student Organizations

Engage with student clubs and organizations that align with your interests. This is a great way to meet new people, build friendships, and enrich your university experience. Joining these groups can also provide networking opportunities and support systems.

7. Enroll in Health Services and Insurance

Health insurance is a critical consideration for international students pursuing MS in the US for Fall 2024. Enrolling in the university’s health insurance plan is highly recommended, especially for the first year. This plan is tailored to meet students’ specific needs and challenges, ensuring comprehensive coverage. Also, university insurance plans typically offer better integration with campus health services, which can simplify access to medical care and reduce out-of-pocket expenses.

8. Apply for a Social Security Number (SSN) and other Essential IDs

If you have a paying job, you can apply for a Social Security Number (SSN). This makes campus jobs particularly important for international students. Remember, the SSN is tied to your credit history, so securing one can significantly aid in building your financial reputation in the US. In addition to the SSN, you’ll need other forms of identification, such as a State ID, which allows you to travel without your passport, and a student ID, which can provide discounts at museums, grocery stores, movie theaters, and more. You may also want to obtain a driver’s license if you plan on driving.

9. Set Up Communication

Obtain a local SIM card or activate an international plan for your phone to stay connected. Additionally, set up an email account provided by your university for official communications. This will be your primary means of staying informed about university announcements and updates.

10. Open a Bank Account

Opening a bank account is a top priority. Opt for a bank close to your university for convenience. Many universities have partnerships with local banks that offer services tailored to students.

11. Get a Credit Card

Getting a credit card is crucial for building your credit history in the US. These cards often include perks like no foreign transaction fees, cash back, and sign-up bonuses. Remember to always pay off the entire monthly credit card amount to avoid accruing debt and interest charges. This practice keeps your finances in check and helps build a strong credit score, which is beneficial for future financial activities like car loans or renting an apartment.

12. Explore Part-Time Job Opportunities

Looking for a part-time job can be immensely beneficial for international students, offering both financial relief and valuable experiences. On-campus roles such as teaching assistants, research assistants, and graduate assistants are not only a source of income but also allow students to contribute to research projects or support teaching efforts, which enhances their learning and resume. Additionally, these jobs facilitate meaningful connections with faculty, staff, and fellow students, helping them integrate into the university community.

Preparing for your MS in the US for Fall 2024 involves careful planning and organization. From setting up bank accounts and credit cards to securing health insurance and phone plans, each step is crucial for a smooth transition. Stay informed, utilize university resources, and manage your finances wisely to ensure a successful and enjoyable academic experience in the US. Best of luck on your journey!

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

Step-by-Step Guide for Applying to Master’s Degree in the USA: Admission Timeline for Fall 2025

July 11, 2024September 5, 2024Dilip Oak's Academy

We hope everyone who attended our seminar on June 16th found it enjoyable and informative! It was great to see so many enthusiastic faces ready to explore the exciting opportunities for pursuing a Master’s degree in America in Fall 2025.

For those who want a detailed breakdown of the application process, this blog will provide a comprehensive timeline for Fall 2025 to help you plan your journey from preparing for exams to securing your visa for the Fall 2025 intake. Let’s dive in!

Things you need to do between August 2024 – December 2024:

1. Take Your GRE and TOEFL/IELTS Test

What to Do

Prepare and Register for Exams: Begin studying for the GRE and TOEFL/IELTS as early as possible. Join our GRE classroom coaching or use our self-prep course for practice and mock tests.
Schedule Exam Dates: Aim to take the exams by October/November to give yourself enough time for retakes if necessary.

Tips

Create a Study Plan: Break down your study materials into manageable chunks and set daily or weekly goals. You can download your FREE study plan here.
Join Study Groups: Collaborate with peers preparing for these exams. Sharing resources and tips can be very beneficial.
Use Apps and Online Resources: Dilip Oak’s Academy platform will give you a lot of preparation material. Additionally, platforms like Khan Academy offer some great free resources.

2. Documentation

What to Do

Draft Your Statement of Purpose (SOP): Start writing your SOP early. Highlight your academic background, career goals, and why you want to study in the US.
Request Recommendation Letters: Reach out to professors or professionals who can provide strong, personalized recommendations. Give them ample time to write these letters.
Prepare Your Resume: Update your resume with relevant academic and professional experiences.

Tips

Seek Feedback: Have mentors, peers, or professional editors review your SOP. Multiple revisions will ensure it’s polished. Our expert counselors will help you highlight your academic and professional achievements and frame persuasive documents.
Organize Documents: Create a checklist of all required documents to ensure nothing is overlooked.
Be Authentic: Your SOP should reflect your genuine interests and aspirations.

3. University Selection

What to Do

Research Universities: Look into universities that offer your desired program. Consider factors like faculty, research opportunities, campus facilities, location, and financial aid. Click here to find out more about our Admission Counseling services.
Attend Webinars and Info Sessions: Many universities host online sessions for prospective students. Participate in these to get a better understanding of what they are offering for Fall 2025.
Connect with Alumni: Reach out to alumni through LinkedIn or university forums to get insider perspectives.

Tips

Create a Shortlist: Narrow down your list to about 5-8 universities that align best with your goals.
Consider Safe, Match, and Reach Schools: Ensure your list includes a mix of universities where you are likely to get admitted (safe), have a good chance (match), and dream schools (reach).

4. Application Process

What to Do

Complete Online Applications: Fill out application forms for your chosen universities. Ensure all sections are completed accurately. You can also get guidance from our expert staff, who will help fill out the complex university application forms for Fall 2025 and resolve all documentation-related doubts.
Submit Required Documents: Upload your SOP, recommendation letters, resume, transcripts, and test scores.
Pay Application Fees: Each application usually requires a fee—budget for these expenses.

Tips

Track Deadlines: Use a planner or digital calendar to track each university’s application deadlines.
Proofread Everything: Double-check all your application materials for errors or omissions.
Stay Organized: Keep copies of all submitted documents and confirmation receipts.

Things to do between February 2025 – June 2025:

1. Accepting Admits and Getting the I-20

What to Do

Evaluate Offers: Consider factors such as tuition cost, living cost, and financial aid (if any) when deciding which offer to accept.
Submit Acceptance: Notify the university of your decision to accept their offer. Some universities may demand a Bank certificate equivalent to the total cost of 1-year.
Obtain an I-20 Form: Once you accept an offer, the university will send you an I-20 form necessary for your visa application.

Tips

Compare Financial Aid Packages: Ensure you understand the terms and conditions of any financial aid or scholarships offered.
Respond Promptly: Adhere to the acceptance deadlines provided by the universities.

2. Visa Application

What to Do

Pay SEVIS Fee: Before applying for a visa, pay the SEVIS fee online.
Schedule Visa Interview: Attend the Visa workshop for parents and students conducted by Dilip Oak’s Academy and book your appointment at the US embassy or consulate in your country.
Prepare for the Interview: Gather necessary documents, including your I-20, acceptance letter, financial proof, and passport.

Tips

Practice Interview Questions: Familiarize yourself with common visa interview questions and practice your responses by attending the mock visa interview by Mr. Dilip Oak.
Dress Professionally: First impressions matter, so dress appropriately for your interview.
Be Honest: Answer all questions truthfully and confidently.

Things you need to between July 2025 – August 2025:

Travel to the US

What to Do

Book Your Flight: Once your visa is approved, book your flight to the US.
Arrange Accommodation: Look for on-campus housing or off-campus options. Start this process early to secure a place that suits your needs.
Pack Essentials: Make a checklist of important items to pack, including documents, clothing, and other personal necessities.

Tips

Attend Pre-Departure Orientation: The Pre-departure orientation by Dilip Oak’s Academy for Fall 2025 will give you numerous tips to help you prepare for life in the US.
Connect with Other Students: During the pre-departure orientation, connect with students from the same university. Also, join social media groups or forums to meet fellow students and share tips.
Learn About Your Destination: Familiarize yourself with the area, climate, and local culture of your university’s location.

Embarking on your journey to pursue a Master’s degree in the US is an exciting adventure. You can download a FREE Fall Intake: Admission Process Timeline to stay organized.

As India’s leading study abroad consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. Book a free consultation or call us at 91-20-67444222 to explore our services.

Successful 27th Annual Pre-Departure Orientation for Indian Students joining Master Degree in the US for Fall 2024

June 27, 2024September 5, 2024Dilip Oak's Academy

On June 16th, 2024, Dilip Oak’s Academy, in association with HDFC Credila, hosted its annual Pre-Departure Orientation for students joining US universities for master’s degrees in August 2024 (Fall semester). This long-standing tradition, held since 1998, took place at Siddhi Banquet Hall, Pune and attracted around 1100 students and parents, making it one of the largest events of its kind in India.

Distinguished Guests and Key Insights

The event was graced by esteemed guests Dr. David Alexander, Dean of the College of Engineering and Computer Science, Ms. Tasha Alexander, Director of International Student Services, both from California State University, Chico, and Ms. Sarika Oak, Senior Director, Udemy Inc., San Francisco. Their presence added significant value to the orientation, providing students firsthand insights into American campus life.

Mr. Dilip Oak explained that there are currently many job openings in the fields of engineering, architecture, and finance. It is a fact that, at present, job opportunities in computer science are very limited. But hopefully, the situation will change after January 2025. There will be more opportunities for the latest technologies like artificial intelligence, machine learning, deep learning, cybersecurity etc. He also provided crucial information on pre-travel preparations, including medical checks, insurance, immunization, and foreign exchange regulations.

Practical Advice and Encouragement

Sarika Oak shed light on campus life, accommodation, and job opportunities after graduation. She added that students should be proactive and make the most of every opportunity as that would make them well-rounded and work-ready. She emphasized the importance of building relationships beyond the Indian community to land internships and jobs. Her advice about on-campus employment and paid internships during Curriculum Practical Training (CPT) was a game-changer for those worried about repaying student loans.

Dr. David Alexander said there will be job opportunities starting in January 2025. However, jobs will be available to those students who excel academically and can crack 5-6 rounds of interviews. He also recommended that students stay informed of the changing trends and learn newer technologies.

Celebrating Our Achievers

A special highlight of the Pre-Departure Orientation 2024 was the felicitation of our students who achieved exceptional GRE scores and secured admits to prestigious universities. These accomplished students will join top-tier institutions such as Carnegie Mellon University, Columbia University, Georgia Institute of Technology, University of California, Berkley and Purdue University. Their fields of study are as diverse as their talents, ranging from Computer Science, Data Science, Cyber Security Management Information Systems and various engineering fields. We are incredibly proud of their achievements and confident that they will continue to excel in their chosen paths, contributing to the global community with their expertise and dedication.

Read this blog to know more about getting an internship during your MS program.

Real Stories, Real Impact

The program left a lasting impression on both students and parents.

Pradeep Kulkarni said this session resolved his doubts and concerns as a parent, thus reassuring him about the investment in his child’s education, thanks to the positive job prospects in America. He also praised the comprehensive guidance, which covered everything from settling into university life to finding housing and securing jobs.

Khushi Shah, an academy student, shared her seamless experience with the Academy’s support in university selection, Statement of Purpose drafting, and visa interview preparation. Her efforts, guided by Mr. Oak, led to her securing admission to all the universities she applied to.

Shivendra Bhonsle, our online GRE coaching and counseling student, expressed gratitude for the support and guidance he received that helped him achieve his dream. Moreover, the pre-departure event addressed all his doubts and eased his parent’s concerns about safety, job opportunities, and accommodations.

Akanksha Bharambe said that the Academy’s efforts were crucial in securing her admission to the University of Illinois Urbana-Champaign. The application process was seamless for her, especially the mock visa interview conducted by Mr. Oak, which boosted her confidence.

Wrapping Up

The Pre-Departure Orientation 2024 was a great success, equipping students and parents with essential knowledge and boosting their confidence as they prepare for their academic journey in the US. With over 26 years of experience, Dilip Oak’s Academy continues to guide students through their higher education journey in America.

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

Opportunities for a Master’s Degree in America

June 6, 2024September 5, 2024Dilip Oak's Academy

Pursuing Master's Degree in America: Free seminar

Are you dreaming of pursuing a master’s degree in the United States? The journey from aspiration to achievement begins with the right guidance and information. Whether you’re aiming to study in the land of opportunity or just curious about what it takes, our upcoming FREE seminar will cover everything you need to know about pursuing a master’s degree in America.

Job Opportunities

The USA offers countless job opportunities across various industries. From tech and finance to healthcare and engineering, there’s a booming market for skilled professionals. Our seminar will explore current economic trends and highlight the hottest job sectors. Knowing where the opportunities lie can give you a head start in your career planning.

Work Permit and Green Card Formalities

One of the critical aspects of studying and working in the U.S. is understanding the visa and immigration process. Our seminar will provide a detailed overview of the work permit (OPT and CPT) and Green Card. Understanding these formalities is crucial, and we’ll make it as straightforward as possible.

Don’t miss this invaluable opportunity to get a head start on your dream. Register Now for the FREE seminar.

Funding Your Education

Financing your education is often one of the most daunting aspects of studying abroad. However, plenty of scholarships, grants, and assistantships are available to international students. Our seminar will provide insights into various funding options and offer tips on managing your finances while studying. Understanding your funding options can ease your financial burden and allow you to focus on your studies.

Prerequisite Examinations

Most U.S. universities require international students to take standardized tests as part of their application process. These may include the GRE, TOEFL, or IELTS. We will break down the importance of these exams, what scores you should aim for, and how to prepare effectively.

Application Timeline

Timing is everything when it comes to applying for a master’s degree in America. Our seminar will provide a detailed application timeline, starting from selecting universities to submitting your application and beyond. We will discuss the importance of building a strong application profile, including letters of recommendation, personal statements, and resumes.

Why Attend Our Seminar?

This seminar is designed to equip you with the knowledge and tools you need to succeed in your pursuit of a master’s degree in the United States. You will be able to interact with experts, ask questions, and gain insights that are not readily available online.

Register now for our FREE seminar and take the first step towards a brighter future. Seats are limited, so make sure to secure your spot today!

Date: 16th June, 2024
Time:
11:00 am (English & Marathi)
6:30 pm (English)
Venue: Siddhi Banquet Hall
D.P. Road, Near Mhatre Bridge, Erandwane, Pune 411004
Fields: The seminar is open to students from all engineering fields, computer science and related fields, architecture, and finance.

We look forward to helping you turn your dreams into reality. See you there!

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

The Ultimate Guide to Getting an Internship During Your US Master’s Program: CPT, Legalities, Tips & More

March 27, 2024September 5, 2024Dilip Oak's Academy

Getting an Internship during your USA Master's Program

Are you a student pursuing a Master’s degree in the USA? Are you eager to gain practical experience and boost your career prospects with an internship? Look no further! Here’s everything you need to know about securing an internship during your USA Master’s program!

Understanding CPT (Curriculum Practical Training)

If you’re enrolled in a Master’s program, you’re eligible for CPT, which allows you to work in a position related to your field of study. To qualify, you need to have a valid F-1 immigration status for at least two full-time semesters (equivalent to one academic year). CPT lets you work in a job related to your field of study for up to 364 days.

Why Go for Internships?

Internships aren’t just about making coffee runs, and they offer much more than just workplace experience – they provide invaluable insights into American work culture and help you build a strong foundation for your future career. Typically lasting 10 to 12 weeks during summer breaks (generally from 15th May to 15th August), internships offer opportunities to apply classroom learning to real-world scenarios. Some universities even allow extensions for up to 20 weeks (i.e., for the entire third semester), providing extended hands-on experience. In very rare cases, students can do an Internships during the USA Master’s Program for the full term of 364 days.

The Legal Stuff

Before you jump into an internship, it’s essential to understand the legal requirements. To be eligible for an internship, you must obtain CPT work authorization, which allows off-campus employment for international students (F-1 visa holders) pursuing study programs in the USA and wanting to gain experience in their fields of study. Keep in mind that CPT is not available once you’ve completed your degree program.

Still studying for your GRE? Explore our numerous blogs on GRE Quantitative Reasoning and GRE Verbal Reasoning.

How to Secure an Internship during your USA Master’s Program?

Here are some simple yet effective tips to help you land your dream internship:

Polish Your Resume:

Outline your major responsibilities within your previous professional work experience. Include action words (such as facilitated, led, managed, maintained, operated, recommended, etc.) that highlight your skills.
List relevant courses or projects you have worked on.
List your extracurricular activities or volunteer experience.
Keep the formatting simple and clean.

Tap into Your University’s Resources:

Every university has a career center or an internship coordinator for co-op and internship programs. Approach them to apply to the positions that interest you. Generally, every university also has a career center website showing internship opportunities in various corporations. Students are advised to visit this website regularly for updated listings and resources.

Explore Online Platforms:

Use job boards like LinkedIn, Monster, Indeed, and Glassdoor to search for internships in your field of interest. Create profiles and set up job alerts to stay informed about new opportunities. You can also use online forums like Glassdoor to look at the interview questions asked in companies that interest you.

Network, Network, Network:

Request Referrals within Your Network: Connect with individuals in your network within the US and inquire if they are acquainted with employees at companies you are interested in. Internal referrals from existing employees can significantly increase the likelihood of your resume being considered for an interview.
Career Fairs: Universities typically host career fairs each semester, providing an excellent opportunity to engage with potential employers and alumni. These events offer insights into industry hiring trends, facilitate networking, and present internship prospects.
Information Sessions and Tech Talks: Universities often arrange information sessions and tech talks featuring various companies, especially during career fairs. These sessions allow current employees, often university alumni, to share insights about their companies and potential opportunities. Prepare a targeted resume to distribute and ask insightful questions beyond what’s available on the company’s website.

Ready to Take the Next Step?

Don’t wait for opportunities to come to you – take action now! Update your resume, reach out to your network, and start exploring internship options today. Whether you are aiming for a summer internship during your USA Master’s Program or seeking opportunities during the academic year, now is the time to kickstart your career journey.

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

Understanding the I-20 Form: Importance and Purpose

March 14, 2024September 5, 2024Dilip Oak's Academy

When you’re accepted into a Student and Exchange Visitor Program (SEVP)-certified school in the United States as an international student on an F-1 or M-1 visa, you’ll receive a Form I-20 from your designated school official (DSO). This I-20 Form, issued by the Department of Homeland Security, is crucial as it certifies your eligibility to travel to the US as a student, distinguishing you from an immigrant.
Remember that your I-20 is essential for visa application and entry to the US but is NOT a visa. Visas are issued by US consulates, while the I-20 is produced by your school.

Key Points to Verify on Your I-20 Form

Your I-20 is a 3-page document containing essential details, with the most crucial information on the first page. Before accepting your I-20, it’s important to check the following:

Personal Information

Verify that the following details match those on your passport:

Surname/Primary name
Given name
Country of birth
Country of citizenship
City of birth
Date of birth

School Information

Confirm that the following details are correct:

School name (name of the university)
Education level (degree applied for)
Major (field of study)
Start of classes (start date of the course)
Program start and end date

In case there’s a mistake in the above information, you can request the university to send a revised and corrected I-20.

Note: While the typical duration between the start and end dates is around 21 months, on certain I-20 forms, it may extend to 28 or even 36 months. However, this does not imply that your course will be longer. The university provides a grace period for completing your studies. Most programs are completed within 3 to 4 semesters, totaling 16 to 21 months.

Financials

Review the estimated costs and funding sources on the form, including scholarships, personal funds, and other financial assistance.
Most universities provide the estimated average cost for 9 months, while some cover expenses for 12 months, which includes living costs for the Summer semester.
The estimated average cost specifies each of the following items separately:

Tuition and fees
Living expenses
Expenses of dependents
Other miscellaneous costs, such as health insurance

This section also mentions Funding sources, which may include

Funds from the school (scholarships/financial assistance)
Personal funds, funds from another source (Family funds)
Funds from other sources

During the visa interview, students must present financial documents demonstrating access to liquid funds equivalent to the total cost specified on the I-20.
Note: Liquid funds include funds in bank, education loan, employee provident fund, investment in shares and mutual funds.

School and Student Attestation

Confirm that the appropriate university official has signed the I-20. It is also important for you to sign it before your visa interview.

Understanding the Second and Third Pages of the Form I-20

The university utilizes the second page of the I-20 for employment authorization during Curriculum Practical Training (CPT), which allows the student to work in the United States. It also serves as a travel endorsement for a student’s re-entry to the same school after a temporary absence from the United States. Each endorsement remains valid for one year. The third page provides essential instructions for students.

Electronic I-20 Copy for Visa Application

An electronic copy of your signed I-20 is acceptable for visa appointments and entry to the US. Print the signed copy for your visa interview and travel.

Visa Application and SEVIS Fee

After receiving your I-20, you can apply for your visa by scheduling your interview within 360 days before the program start date. Before the interview, ensure you pay the $350 SEVIS fee online. To pay the I-901 SEVIS Fee, go to FMJfee and fill out the SEVIS Form I-901.

Dependent I-20s

Your family members (spouse or unmarried children under 21) must have their own separate I-20s. They will need these I-20s to apply for and enter the US with F-2 visas.

Traveling with your I-20 Form

While studying as an F-1 student, having your I-20 with you is important whenever you travel. You’ll need to carry it along with your passport and F-1 visa when traveling internationally and returning to the US. Make sure to get your I-20 signed by an advisor from the International Center at least once a year if you plan to travel outside the US.

Other Uses of the Form I-20 Form

Your Form I-20 serves as proof of your legal enrollment in a study program within the United States, which is essential when seeking benefits accessible to F and M students. Whether applying for a driver’s license, a Social Security Number, or commencing employment on or off campus, remember to carry your Form I-20 with you.

In Conclusion

Understanding your I-20 is crucial for a smooth transition to studying in the US. By carefully reviewing its contents and following the necessary steps, you can ensure compliance with immigration regulations and enjoy a successful academic journey in the United States.

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

The Ultimate Master’s Program Application Guide: Expert Tips for Spring 2025

February 29, 2024September 5, 2024Dilip Oak's Academy

Missed the Fall 2024 application deadlines? Not sure what to do next? You’re in the right place! While Fall semester applications are more common, Spring 2025 semester admissions are equally feasible and offer ample opportunities, and we’re here to guide you through the application process. Let’s break it down step by step.

Why Apply for Spring 2025?

Opting for the Spring semester doesn’t just offer flexibility; it unlocks doors to a range of academic opportunities. Numerous universities offer admissions for both Fall and Spring semesters, allowing students to select the timeline that perfectly fits their needs. Choosing Spring 2025 isn’t just about avoiding a year-long wait due to a missed Fall deadline; it’s about seizing the chance to align your academic aspirations with your preferred start date, ensuring a smooth transition into your Master’s program.

Application Timeline

To help you navigate the application process smoothly, let’s break down the timeline:

Pre-requisite Tests: February-June 2024

Before diving into the application process, it’s essential to complete the necessary tests:

GRE and TOEFL/IELTS:

Aim to complete these exams by June 30, 2024. You can explore the comprehensive study options at Dilip Oak’s Academy here: GRE Classroom Coaching, TOEFL Classroom Coaching, and IELTS Classroom Coaching.

Gather Necessary Documents: June-July 2024

Assemble the required documents for your applications:

Statement of Purpose (SOP):

The SOP is a crucial document that offers insight into not only your reasons for choosing the course and university, but also your personality, field experience, and long-term goals. It should be concise, compelling, grammatically correct, and technically sound, spanning approximately 500 to 800 words.

Transcripts:

Obtain official transcripts from your previous institutions. Apply for transcripts well in advance, as some colleges or universities may require more time to process them.

Recommendation Letters:

Recommendation letters are critical documents that vouch for your qualities, background, and achievements as a candidate for the master’s programs. Virtually every university requires applicants to submit three recommendation letters. Choose your recommenders (college professors, project guides, or employers) carefully as these letters are meant to provide a comprehensive view of your suitability for the academic program.

Selection of Universities for Final Application: July-September 2024

Once you’ve completed your tests, it’s time to research and shortlist universities. Consider the following factors:

Specializations:

Not every university provides all specializations. To identify the right fit, explore each university’s course structure, programs, and research areas of professors, aligning them with your academic interests and career goals.

GRE Score:

Usually, universities don’t specify the minimum required score for applications. The score needed varies based on the university’s rank and reputation, information that’s often not available on their website. To gauge the score required, you can refer to the database of previous students admitted to these universities. Dilip Oak’s Academy maintains an extensive database of over 32,000 students who enrolled in various American universities since 1996, including those universities that offer a GRE waiver post COVID. Thus, our extensive database can help you gauge the scores accepted by various institutions.

TOEFL/IELTS Score:

Students must achieve the minimum qualifying score set by the university. Typically, most universities require a TOEFL score of 80, but some may ask for a higher score, up to 100. Similarly, for IELTS, a band score of 6.5 is commonly required, although some universities may seek a higher band, up to 7.5.

Academic Record:

Your academic record from your bachelor’s degree plays an important role in the application process. A strong year-wise GPA is necessary for admission to reputable universities. It’s advisable for students to avoid backlogs or year gaps.

Co-curricular Activities:

Projects, internships, paper presentations, publications, and seminar participations will strengthen your profile, increasing your chances of acceptance into better universities.

Budget:

Tuition fees and living expenses vary among universities, with state universities generally being more affordable than private ones. Students should carefully consider their financial situation when selecting universities. Additionally, students can explore education loans offered by various financial institutions to help cover costs.

Sending applications to universities: July-September 2024

Select 6 to 8 Universities:

Based on the abovementioned criteria, narrow down your choices to 6 to 8 universities for your final applications.

Complete Online Applications:

Make sure to finish the online application process before the university’s specified deadlines. Some institutions may require additional documents via courier alongside the online submission.

Forward Test Scores:

Request ETS to send your GRE and TOEFL scores to the selected universities (scores typically take a minimum of 2 weeks to arrive). The additional score reporting fee for GRE is $27 and TOEFL is $25.

After Sending Applications: Await Decisions and Prepare for Visa

Admission Decisions:

Anticipate admission decisions around September/October 2024. Once you receive an offer, promptly accept it. You’re allowed to accept multiple admissions before finalizing your choice for visa application.

Obtain I-20:

Upon acceptance, fulfill the necessary documentation requirements. The university will then issue you the I-20, a crucial immigration document for obtaining a visa.

Prepare for Visa:

Verify the accuracy of the information on the I-20 and gather the required financial documentation to apply for your visa.

Visa Application Process:

Schedule a visa interview date upon receiving your I-20. You can apply for an F-1 visa (student visa) within 360 days from the course commencement date mentioned on the I-20 form. Once you secure the visa date, proceed with the interview and complete the remaining formalities leading up to your departure.

Ready to dive into your Master’s journey for Spring 2025? Step up your game by gearing up for your GRE and TOEFL/IELTS exams with us! Already aced those exams? Reach out today to kick start your application process with confidence!

As India’s leading Study Abroad Consultant, Dilip Oak’s Academy offers a comprehensive suite of admission counseling services that can guide you through the entire process from Shortlisting Universities to Visa Counseling. With our expertise, we have successfully sent 32,000 students to various prestigious American universities like MIT, Stanford, Cornell, and Carnegie Mellon. We also offer classroom and online coaching for GRE, TOEFL, and IELTS, as well as GRE Self Prep. To explore our services, book a free consultation or call us at 91-20-67444222.

Applying for Your US Student Visa: Essential FAQs Answered!

February 1, 2024September 5, 2024Dilip Oak's Academy

There are two categories of student visas: F1 and M1. The M1 visa is given for non-academic or vocational education for a duration of less than a year, and it includes fields such as gemology, aviation etc. F1 visa is given for a full-time program leading to a degree such as a bachelor’s, master’s, or doctoral degree, which lasts at least one year. In this blog, we will discuss about the F1 visa. Below are a few important and frequently asked questions.

a) Where can you apply for an F1 visa?

Before COVID-19, applicants could only apply for appointments at the consulate closer to their residence. For example, applicants residing in Maharashtra, Gujarat, Goa, Madhya Pradesh, and Chhattisgarh could only apply to the US Consulate – Mumbai.

But now, there is no such restriction. You are allowed to apply to any Consulate where the appointment dates are available. Sometimes, you may get an appointment for OFC at one consulate and a visa interview at another.

The current visa application fee is $185, payable in INR 15540/-.

b) When will appointments for F1 visas begin for Fall 2024 applicants?

Applicants can apply for an F1 visa within 365 days of the course’s start date mentioned on the I-20. In other words, to ensure you get an early and timely date, you may apply for a visa as soon as you receive an I-20 from any university. Every year, the US consulate tries to accommodate all the students intending to apply for an F1 visa. However, since the number of students applying for visas is quite large, it becomes difficult to get an interview date if they apply in July or August. Therefore, it is advisable that students apply for the interview date as soon as they receive the I-20 from any university.

Later, if you receive an I-20 from the desired university, you can fill out a new DS-160 mentioning the name of the new university. You must bring the original DS-160 confirmation page you have used to schedule your appointment AND the corrected DS-160 confirmation page to the consulate or document drop-off location on the day of your appointment. If you are unable to bring your original DS-160 confirmation page and your corrected DS-160 confirmation page, you must cancel and reschedule your appointment by entering your corrected DS-160 application number.

Still figuring out which universities to apply to and their deadlines? Here’s a Complete Guide to Fall 2024 MS Program Application Deadlines

c) What is an I-20 form and how do I obtain it?

The Form I-20 is an official US Government form issued by a certified school, which a prospective non-immigrant student must have to get an F-1 or M-1 visa. Form I-20 acts as proof of acceptance and contains the information necessary to pay the SEVIS I-901 fee, apply for a visa and be admitted into the United States. Form I-20 has the student’s SEVIS identification number, which starts with the letter N followed by 10 digits, on the top left-hand side.

The Student and Exchange Visitor Information Service (SEVIS) has been introduced by the Immigration and Naturalization Service (IMS) for students. Before appearing for an F1 visa interview at the consulate, you need to pay SEVIS charges of US $350.

d) If my visa was rejected the first time, can I reapply for it?

Students are allowed to reapply as many as they want.

e) What is the Dropbox facility (Interview Waiver)?

With effect from 1^st January 2024, if you have any other valid US visa except a B1/B2 Visa, then you are eligible for a visa through Dropbox, which is nothing but a visa interview waiver that allows eligible individuals to obtain a visa without a face-to-face interview at the U.S. Embassy or Consulate. Instead, these applicants can submit the required documentation at a designated Dropbox location.

To become eligible for the Dropbox facility,

The visa has to be issued after 1^st January 2008
The visa should be issued after your 14^th birthday.

If your visa has already expired, you can avail of the Dropbox facility, provided your visa expired not more than 4 years ago.

f) How long will it take to receive my passport if I apply for the F1 visa through Dropbox?

You are likely to receive your passport within 7 working days.

g) How to book an F1 Visa appointment?

Fill up the D-160 form
Create a profile on www.ustraveldocs.com
Choose the schedule appointment option and select visa type (Non-immigrant)
Follow all the instructions given on the website

Ready to take the next step towards your US academic journey? Contact us today to explore our exclusive USA visa counseling services. Our Services consist of the following:

webinar providing detailed information about the Visa process and guidelines
help with the preparation of financial documents
one-on-one appointment with Mr. Dilip Oak for a mock visa interview.

You are also eligible to attend the pre-departure orientation program organized in June.

To enroll, call us at 020-67444222 or email us at support@dilipoakacademy.com.

Finance Your MS in the USA: Guide to Unlocking Your Educational Dream!

January 4, 2024January 4, 2024Dilip Oak's Academy

Finance Your MS in the US: Guide to Unlocking Your Dream!

An education loan covers the cost of tuition, living costs, insurance, and other incidentals. Given the wide variety of choices available today, finding the best deal to finance your MS in the US is possible. In fact, taking an education loan is a smart move, as you don’t need to break into your savings while taking advantage of tax benefits.

Eligibility

Students pursuing full-time higher education, graduate or postgraduate studies, and professional education, irrespective of age, can borrow the required funds to finance their MS in the US. Most loan providers require that students show proof of admission to the graduate or postgraduate program. However, some private institutions and cooperative banks sanction a loan even before getting admission.

Tax Benefits of Financing Your Education

People with sufficient funds are also advised to take a loan to finance their education since they get tax deductions under Sec 80E of the Income Tax Act. There is no limit for Section 80E exemption up to which you can claim the deduction. All interest paid in a financial year is tax deductible, regardless of the sum. The interest component of the education loan can be claimed under Section 80E just as deductions under Section 80C and Section 80D are claimed before arriving at your total income to calculate the tax liability. However, it is important to note that you can claim a tax deduction only for the interest portion. You cannot claim a tax deduction for the principal part of the EMI.

You will be eligible to claim a deduction under section 80E only if you take the loan from any bank/financial institution or any approved charitable institution. Loans from friends or relatives for higher education do not qualify for this deduction.

You will also be applying for your visa soon enough. Click here to know more about the F1 Visa Application Process.

Loan Amount and Repayment

I-20 or Admission Letter mentions the total cost of education for one year. Students can get a loan for up to double the amount mentioned on the I-20. Depending on the loan provider, there are slight variations regarding the application process, documentation, interest rates, guarantees, etc. Students are not expected to pay any EMI for the first two years. (Some loan providers may demand interest during these two years.) Generally, loan repayments begin one year after the end of your course or six months after you secure your first job, whichever is earlier. Most lenders also allow for additional time in case the student is unable to finish the course on schedule. Loan repayments are spread over 10-15 years to ensure that you are able to comfortably finance your MS in the US and include options for early repayment.

Rate of Interest and Margin Money

Most Nationalized banks and financial institutions offer fixed or floating interest rates in the range of 9-12%. Girls generally get a 0.5% concession from banks.

There is also the all-important factor of “margin money”! What this means is that most lenders will not loan you the entire cost of education – they also expect you to pay part of it. In other words, if, for example, your education cost is Rs. 40 lakhs in all, and there is a margin of 10%, then the bank will lend you Rs. 36 lakhs, and you will have to put up the remaining Rs. 4 lakhs. The idea is to ensure the loan seeker can bring money in and demonstrate responsibility. However, not all lending institutions insist on margin money; for example, loans from HDFC CREDILA do not need a margin.

Guarantors & Collateral

A guarantor is a third party (different from the applicant) who agrees to repay the loan if the borrower can’t. Besides this undertaking, lenders also request collateral in the form of fixed deposit receipts, property, or other security. They keep this collateral in their possession until you repay the loan. Banks or lenders do this to safeguard themselves against a bad debt. The lender may waive the guarantee if the borrower’s previous repayment track record or financial history is very sound.

If payments are defaulted on, i.e., not made on time, the loan contract has provisions for penalties/late payment fees. Besides, defaulters also risk being ‘redlisted’, which severely limits their future credit options. However, most bankers or institutions are receptive to negotiation and allow for extensions on payment tenure or reduction of EMIs in case of genuine difficulties.

So, look around and see your options! A good loan deal can be a big asset in helping you finance your dream of an American education.