{"id":16561,"date":"2021-12-03T11:23:42","date_gmt":"2021-12-03T11:23:42","guid":{"rendered":"https:\/\/www.unimoni.in\/blog\/?p=16561"},"modified":"2021-12-08T06:57:20","modified_gmt":"2021-12-08T06:57:20","slug":"ways-to-finance-your-study-abroad-and-university-fee-payment","status":"publish","type":"post","link":"https:\/\/www.unimoni.in\/blog\/ways-to-finance-your-study-abroad-and-university-fee-payment\/","title":{"rendered":"Ways to finance your college education in Canada, and how do you pay your university fee payment?"},"content":{"rendered":"<style><\/style><p><span data-preserver-spaces=\"true\">Some of the most common and well-known forms of financial aid are scholarships, but still,<\/span><strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">you can apply for other types of financial support. Let&#8217;s see which are they and how you can benefit from these scholarships.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">1. MERIT-BASED SCHOLARSHIPS\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The merit-based scholarships are awarded based on several criteria, including achievements, academics, talents, hobbies, affiliations with various groups, and career options. These Scholarships are offered by central and state governments, local businesses, large corporations, professional organizations, or universities. Each Scholarship has its eligibility criteria that we must meet.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">A. SCHOLARSHIP OFFERED BY GOVERNMENT<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Typically, Scholarship holders are exempt from tuition fees. Most of these scholarships last for three, six, or nine months.<\/span><strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">To receive these types of scholarships, these are some of the mandatory criteria:<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Educational Qualification required by the chosen institution<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Knowledge of a specific language (the language of instruction used in the program that you applied for )<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Often, students have to be under a specific age limit to be made avail of this ScholarshipScholarship.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">B. SCHOLARSHIP OFFERED BY UNIVERSITIES<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The criteria universities offer scholarships are usually academic, excellence, students have to be under a specific age limit (35 years). In addition, you will also find out special scholarships for each degree level.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">C. SPORTS-BASED SCHOLARSHIP\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">If you want to practice a sport and be a college member, you can qualify for a scholarship offered by your university or college. The good news is that you don&#8217;t necessarily have to be very good at the sport you practice.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sometimes local groups or organizations may offer these sports scholarships, and they usually look at criteria such as community service.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">\u00a0 \u00a02. NEED-BASED SCHOLARSHIPS<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Grants are also called &#8220;gift aid&#8221; because they are money-free; basically, they are a type of financial aid that need not be repaid. Grants are primarily need-based when compared to scholarships which are usually merit-based. Commissions are generally based on financial circumstances but may also consider physical or mental disabilities. This form of financial support does not need to be paid back, and its value most times varies from 500 to 2,5000 USD.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">\u00a0\u00a03. STUDENT-LOANS<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Student loans for studying abroad are funds that you have to pay back. They function like any other loan, with few differences. You can get it from a government and private bank: it can be a bank from your home country or a foreign bank, the country where you would like to do your studies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since most teenagers don&#8217;t have a credit history, it is widespread for parents or legal tutors to be co-signers. Nevertheless, interest rates are usually lower and favorable if the student loans are taken from the government. Some of the loans are based on financial need, while others are much like any other loan and are based on your credit score.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">\u00a0 \u00a04. STUDENT PRIZES<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Student prizes are represented by a certain amount of money that will not technically support your studies but is considered a type of financial aid. Student prizes are one-time awards, ranging from a small amount to a considerable amount.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These Student prizes can be offered as below:<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf academic achievements<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf performance reward in UG exams<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf awarded based on the results of the project and public examinations<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf for the best paper in a wide range of subject areas<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf rewarding outstanding work submitted for a dissertation, review, or thesis, as well as for overall performance<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">HOW TO PAY YOUR UNIVERSITY FEE PAYMENT\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">University fee payments from India to Canada have been a hiccup for many new students in Canadian universities. Facing troubles and hassles amidst the fee payment process can be a routine for those who lack prior knowledge about the foreign exchange market and money transfer procedures. So, to help all such students and parents with little information about overseas university fee payment, a short write-up about &#8216;How to pay college fees in Canada from India?&#8217; is elucidated for you. Read and gather as much as you need for a trouble-free fee payment from India to Canada.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While making a university fee payment from India to Canada, the first thing you need to consider is approaching an authorized dealer. Check the current foreign exchange rates before the transaction process. The service provider will ask you to give the required KYC&#8217;s for verification. Once that is done, you can pay college fees in Canada from India at ease. Service providers will remit money to Canadian universities after crediting required Indian rupees to their accounts.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Reliable sources for making the university payment in Canada from India are AD I banks and authorized dealers with AD II or FFMC licenses from RBI. Reaching out to other agents without a proper permit might create unwanted hassles for you. So, always reach out to any authentic sources for riskless university fee payments in Canada from India.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DOCUMENTS NEEDED\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0 \u00a0 \u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf PAN card of the sender<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf University offer letter<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Duly signed A2 form<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Student Passport<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Other necessary documents as requested by the service provider<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The above is how you can remit money for university fee payments in Canada from India. Now go forward with your studies and leave the worries of fee payment. A safe and secure university fee payment is now at your easy access.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of the most common and well-known forms of financial aid are scholarships, but still,\u00a0you can apply for other types of financial support. Let&#8217;s see which are they and how you can benefit from these scholarships. 1. MERIT-BASED SCHOLARSHIPS\u00a0 The merit-based scholarships are awarded based on several criteria, including achievements, academics, talents, hobbies, affiliations with&#8230;<\/p>\n","protected":false},"author":3,"featured_media":16565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[41,55,1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ways to Finance Your Study Canada and University Fee Payment<\/title>\n<meta name=\"description\" content=\"Get to know how to finance your college education in Canada and learn more about paying your university fee payment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.unimoni.in\/blog\/ways-to-finance-your-study-abroad-and-university-fee-payment\/\" \/>\n<meta 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