| Financial
Assistance |
| Envoy has pioneered
the unique and exclusive service of Financial
Assistance to the Indian students for assisting
and guiding them in securing financial assistance
from foreign universities. This cell has helped
thousands of students in securing financial
aid from the universities. All the students
whose applications are received at the Envoy
are screened by expert committee for applying
for financial assistance. Envoy considers
some of the following criteria for assisting
students in obtaining Financial Aid. |
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- Maintains a database
on all the universities, which provide financial
aid to international student.
- Matches the requirements
of the universities to that of the student's
profile.
- Keeps track of the individual
program funding available and accordingly
processes the application to those institutions.
- May eventually apply
from 4 to 10 universities depending upon
the availability of financial aid in the
universities.
- Envoy has information
on the resources available to individual
departments at a university, in a particular
year. This depends on the funding they receive
from Federal, State Agencies and private
institutions.
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Financial Aid is the money to help you pay for your education. Financial aid comes in several forms: scholarships or grants, loans, and work assistance. The major providers of financial aid for graduate business students are the federal government, state governments, universities, private loan providers, employers, and private foundations. In other words Financial Aid is the funding provided either by a private agency or the university to cover either a part or the whole of tuition fee or living expenses incurred by a student. Financial aid decisions are generally made once a year. The deadlines for financial aid and applications are usually in January, February and March. Early applications are looked upon favorably. |
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Remember that missing deadlines and incomplete applications are the main reasons for rejection. Therefore, one requires being on time and ensuring that the application is complete. It sometimes takes several months for Universities to make a decision on the admissibility of applicants. Some institutions review all applications together and notify students on a given date. Others review applications individually as soon as they are complete, and notify the students right away. |
| Myths on Financial Aid |
- Financial Aid is just for economically deprived students.
- Financial Aid is just for smart students.
- Financial Aid is just for minority students.
- I have job, so I must not be eligible for aid.
- If I apply for Aid, it will affect whether or not I am admitted to the program.
- Loans are not financial aid.
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