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Funding Your Education in the United Kingdom
Studying in the UK is a valuable investment in your future. Understanding how to fund your education through scholarships, student loans, and part-time work helps you manage expenses efficiently and focus on your studies.
Indian Overseas Service (IOS), Vijayawada provides end-to-end assistance in finding the best financial options for every student profile.
1. Main Sources of Funding
| Funding Type | Description |
|---|---|
| Scholarships | Merit-based, need-based, or university-specific financial awards that reduce tuition costs. |
| Education Loans | Provided by nationalized and private banks in India, covering tuition and living expenses. |
| Personal or Family Funds | Savings or sponsorship from family members shown through bank statements or affidavits. |
| Part-Time Work | Students can work up to 20 hours per week during term and full-time during vacations. |
| Grants & Bursaries | Special aid from universities or external organizations based on performance or background. |
2. Scholarships Available for Indian Students
Chevening Scholarships: UK Government-funded; covers full tuition, living allowance, and travel costs.
Commonwealth Scholarships: For outstanding postgraduate students from Commonwealth countries.
GREAT Scholarships: Offered jointly by the UK Government and participating universities.
University-Specific Awards: Many universities offer automatic merit scholarships for high academic achievers.
3. Education Loan Options in India
Most banks and NBFCs provide loans for UK studies, including:
State Bank of India (SBI) — Global Ed-Vantage Loan
HDFC Credila — Education Loan for Overseas Studies
Bank of Baroda, Axis Bank, ICICI Bank and others.
Typical Coverage:
Tuition Fees (up to 100%)
Living Expenses and Insurance
Flight Tickets and Laptop Purchase
Repayment period: up to 10–15 years
IOS assists students in preparing the loan sanction letter, which is also accepted as proof of funds for the UK visa process.
4. Part-Time Job Opportunities
UK universities allow students to work legally during their studies.
Up to 20 hours per week during term time
Full-time during vacations
Average pay: £10 – £14 per hour
Jobs are available in retail, hospitality, administration, and campus services.
5. Tips for Managing Finances
Start budgeting 6 months before departure.
Open a UK student bank account upon arrival.
Track expenses and apply for student discounts.
Stay informed about your visa’s work-hour limits.
Why Choose IOS Vijayawada
Our counsellors help you combine multiple funding sources — scholarships, loans, and part-time work — to make your UK education affordable and stress-free. We guide you in preparing financial documents that meet university and visa standards.
Contact Us
Call / WhatsApp: +91 95428 45428 | +91 82474 13134
Email: info@indianoverseasservice.com
Website: https://indianoverseasservice.com
