Study Engineering at Lakehead University, Thunderbay
Lakehead University, with campuses in Thunder Bay and Orillia, Ontario, Canada, is a public research university. It is non-denominational and is sponsored by the provinces. According to Maclean's University Rankings 2020, Lakehead University is among the top 10 primary undergraduate universities in Canada and is ranked No. 2 in the category among Ontario universities. It has undergraduate programs, graduate programs, and the Bora Laskin Faculty of Law [Northern Ontario's only globally accredited business school (AACSB)] and is also home to the Northern Ontario School of Medicine's western campus. The Lakehead University's two campuses collaborate to provide students with different academic programs. The Orillia Campus, with more than 1,400 students, is situated at Heritage place in downtown Orillia, offering unique and rare interdisciplinary programs integrating arts, science, business, social work and education. Lakehead Thunder-bay Campus in Southwest Ontario has about 7,900 students, and here, you can find everything from educational facilities to a wide range of technical courses like forestry, nursing, business, kinesiology, social work, medicine and law. The nine faculties of the university include: Business Administration, Education, Engineering, Natural Resources Management, Faculty of Health and Behavioral Sciences, Science and Environmental Studies, Social Sciences and Humanities, Medicine, and Graduate Studies. In September 2013, the Faculty of Law accepted its first batch of students.
The university houses a group of 45,000 graduates whose achievements and accomplishments have made established the name of their alma mater. Some of the university's famous graduates include IMAX filmmaker and director Stephen Low; Orillia's City Councilor, Mason Ainsworth, and Australia's well-known coach and swimmer, Jan Cameron.
Lakehead Thunder-bay Campus covered nearly 32 hectares of land in Port Arthur, Ontario, southwest. The campus Northern Ontario School of Medicine (NOSM) was established by Lakehead University and Laurentian University in Sudbury as a joint initiative. Students can choose to attend either of the two big NOSM campuses. NOSM is the only Canadian medical school to be set up as a non-profit corporation. The Bora Laskin Faculty of Law was formed in 2014. The physical plant of Lakehead University currently consists of 39 buildings and 116 hectares of land including 40 hectares of landscaped and protected land. Many of the buildings are grouped around Lake Tamblyn and the McIntyre River banks and are hugged by the residence complexes. Underground tunnels link many of the campus's largest, centralized buildings, making easy access between classes and facilities possible. The Thunder Bay Campus is home to 7,500 students.
The Lakehead University Residence bustles with around 1200 students from around the country. The Thunder Bay campus housing at Lakehead is divided into three living styles: halls of residence, apartments and townhouses. The campus has three halls of residence: Bartley Residence, Halliday Hall Residence, and Prettie Residence. Every residence style provides a unique environment that allows students to experience independence as they obtain academic and social support. The nine houses that form Bartley Residence are co-educational encouraging approximately an equal number of male and female students to opt for the accommodation facility. Both Bartley and Prettie are smoke-free dormitory style residential halls. These are the main housing options for students at secondary school level. Residence hall students can enjoy additional study with a full meal plan included in the accommodation kit. The fees given below for all the types of residences have Meal plan included in them. For the Basic Single Residence Hall, the fee charged is $11,000.00 for the year 2019-2020, while Single Residence Hall charged $11,776.00. Townhouse charged $7,585.00, while the fee for the Apartment Complex is $7,488.00.
To help students with the cost of education, Lakehead University provides new and returning students with over $11 million in funding each year. Although academic achievement is recognized by scholarships, awards are based on a combination of factors including academic merit and financial need. On the other hand, bursaries are based solely on financial necessity. The Ontario Student Assistance Program (OSAP) is an additional funding program providing government assistance. This makes it easier for beginners to fulfill their dream of attending school. There are plenty of other ways to secure the financial resources you need to manage the Lakehead University expenses. Job opportunities on campus, also known as the "Lakehead University Work Study Program (LUWSP)," may provide you with excellent opportunities to work part-time (fall/winter) and/or full-time (spring/summer) while participating in the university life. Campus work is a great way to make extra money to pay your bills and at the same time develop your skills and improve your resume.
Jobs and Placements
According to official sources, Lakehead University's median employment rate for graduates of undergraduate programs, six months after graduation in 2012, was reported to be 89.3 percent, higher than the Ontario university system's 87.6 percent average. The average employment rate for graduates of undergraduate programs at Lakehead University two years after graduation in 2012 was 94.4 percent, which was higher than the 93.6% for the Ontario University system. The most popular companies recruiting graduates from Lakehead University Schools include: Lakehead University; Hatch; MPE Engineering; Canadian Imperial Bank of Commerce (CIBC) and Resolute. The employment rate in the Computer Science was about 96.5% in 2012, while for Engineering, it was 94.1%. Mathematics has an employment rate of 92.1%.
The vibrant Thunder Bay City offers the best of the social and recreational worlds. Nestled in the shadow of the Sleeping Giant stoic, the Thunder Bay campus is one of the nation’s most picturesque sites. The Thunder Bay International Airport is the nearest major airport to the university and is 10 km from the university centre. Major airlines, WestJet, Porter and Air Canada as well as regional airlines flying to and from Thunder Bay from other large Canadian cities and northern communities, service the airport every day. Visitors traveling by car to the campus can enjoy the westward TransCanada path through Boreal Forest and Canadian Shield. The highway along Lake Superior's north shore is among the most scenic places in the country which you will come across while driving along the TransCanada from the east. Thunder Bay has regular bus services from the North and South (Greyhound Canada and Ontario Northland Transportation). Ride sharing services provide a convenient commuting tool for students, faculty and staff.
The northern landscape of the campus offers ample opportunities for outdoor sports and other activities. Students here can choose to take a skii-break or hiking trip and keep an ideal work-play balance with ease. Many local attractions around Thunder Bay's Lakehead University include Lufsae Thunder Wolf Racing, Lakehead Greenhouse, Tamblyn Lake, MultiCultural Center and LU - Main Cafeteria.
Lakehead University-Thunder Bay's Faculty of Engineering offers a unique four-year Bachelor of Engineering in Chemical Engineering program with a Co-op / Internship option. It also offers a post-diploma engineering program specifically designed for graduate engineering technologists in Chemical Engineering. At the graduate level, it offers Thesis based Master of Science (MSc) in Chemical Engineering that gives students an opportunity for advanced studies and conduct independent research projects. As chemical engineers, students are skilled in industrial plant production, design, construction, and operation where matter is changing. They are versatile and well-grounded in chemistry, physics and mathematics and well-versed with the know-hows of empirical engineering to solve problems. Students of the department engage in biorefining research projects with the faculty extracting green energy from waste, processing ore, and applying biomembranes and ultraviolet light to treat effluents. Students may pursue their careers as Chemical Engineer; Process Design Engineer; Plant Process Engineer; Environmental Engineer; Project Engineer; Technical Manager and Project Manager.
The unique structure of Lakehead's programs in the Thunder Bay campus allows students to receive a four-year Bachelor of Civil Engineering degree while also meeting the criteria of a Civil Engineering Technology Diploma by the end of the second year of their BEngineering degree program. The Thunder Bay Campus Faculty of Engineering also offers a post-diploma engineering degree program in Civil Engineering specifically designed for student technologists. The campus also offers a graduate degree program - Master of Science (MSc) in Civil Engineering caters to the demand for highly qualified personnel willing to address global challenges in the field of Civil Engineering by training their students their accordingly. To the degree, the program offers three routes: the thesis option and two course-based options incorporating advanced-level coursework either into a research project or paper. The program offers students the opportunity to conduct advanced study and advance independent research skills in the discipline. Students in the MSc program work in state-of - the-art laboratories and in a collegial learning environment with world-class researchers.
The Electrical Engineering program at Thunder Bay campus offers a four-year Bachelor of Engineering in Electrical Engineering program with the option of Co-op / Internship. The department also provides a post-diploma engineering program for graduate engineering technologists to teach them how to design economically viable and environmentally sustainable electronic and electrical equipment and systems. Pursuing a Master of Engineering Science (MSc Eng) at Lakehead University in Electrical and Computer Engineering is a great path to a bright career. The program offers three routes to the degree: the thesis option, and two course-based options that combine advanced level coursework with either a research project or paper. The PhD in Electrical and Computer Engineering gives students the opportunity to gain specialized knowledge in the field through a combination of coursework and research. Students work on the design and manufacture of electrical and electronic devices. They discuss the fundamentals of physical science as well as the more specific fields of design and operation of industrial control systems, communication systems, electronic circuits, and electrical power generation and distribution. In areas such as fiber optics, fuzzy controls, wireless communications, power systems, and power electronics, students from the department conduct advanced research.
Bachelor of Engineering (Electrical) Degree with Electrical Engineering Technology Advanced Diploma - This combination of degrees is offered by Lakehead University and Georgian College. Upon the completion of the programme, students receive both a Lakehead University Bachelor of Engineering (Electrical) degree and a Georgian College Advanced Diploma in Electrical Engineering Technology degree. Offered at the Barrie Campus in Georgia, students have four years to complete both the degree and the diploma. The curriculum provides a solid base for all the fields of electrical engineering and allows students to acquire important theoretical knowledge, practical engineering, and applied technology skills. Different courses concentrate on sub-fields such as digital and analog microelectronics; power electronics; communications systems; computer networks; electrical machinery. Graduates are well suited for potential training and a wide range of career opportunities in electronics engineering; electrical engineering; project manager engineering; and telecommunications engineering.
Lakehead University - Thunder Bay Faculty of Engineering offers a four-year Bachelor of Engineering Degree in Mechanical Engineering with the option of a Co-op / Internship. It also offers a post-diploma degree program specifically designed for graduate technologists in engineering. A Master of Science (MSc) in Mechanical Engineering at Lakehead University offers students a transformative experience that prepares them to solve the challenges faced by businesses and communities across Canada and internationally with respect to mechanical engineering in an active and innovative way. There are three routes to the degree: the thesis option, and two course-based options that combine advanced level coursework with either a research project or paper. Through a mixture of course work and structured study, this program seeks to promote the independent research abilities of students. Different systems such as generators, turbines, industrial production machinery, material handling systems, robots, machines and many types of mechanisms are planned, modeled, produced and tested by mechanical engineers. They are versatile and also work in many economic sectors such as power generation, manufacturing, transport, mining, and renewable energy. The department focuses on using thermodynamics, physics of liquids, solid mechanics, and other disciplines of engineering to solve complex problems facing our society.
There is an urgent and significant need for skilled software engineers who can model entire software and hardware systems, understand the role of individual system components, lead interdisciplinary designer and developer project teams to create large-scale systems, ensure the reliability, integrity and security of the software infrastructure. The Software Engineering Department at Thunder Bay campus offers a four-year Bachelor of Engineering in Software Engineering with a Co-op / Internship option along with a post-diploma degree in Software Engineering program. Students use engineering methodologies and good practices as software engineers to analyze, model, execute, test, and deploy computer software. Software Engineers; Software Developers; Software Systems Architects; Mobile Application Developers; Data Scientists; and Cyber Security Specialists are some of the career roles in this field.
The Computer Science Department covers the current areas of interest which are in demand by employers such as game programming, web software, mobile programming and computer security in its courses. The manufacturing partners are: IBM, RIM, CIBC, Cargill, Bowater, Syncrude Oil, Imperial Oil, Canadian Grain Commission, Industry Canada, Environment Canada, TBRRI, HydroOne and others. The Department offers computer science courses that lead to bachelor's degrees and honors as well as graduate programs. For their computer science program, students can choose either a Business focus or a Science focus. The Business Focus provides a path to the Faculty of Business Entrepreneurship Certificate, while the Science Focus emphasizes electives in science and environment. The graduate programs allow students to pursue both advanced coursework and research. There are three graduate program options available to students: Master’s by Course; Master's by Thesis and Master's by Project. MSc Computer Science Co-operative Program Choice is also available only for project and thesis students. Co-operative training is one of the key components of the programs. The Co-op work option offers excellent opportunities for obtaining rewarding experiences to earn income and develop practical skills.
1. The Department of Physics offers programs leading to Bachelor and Master of Science degrees. The bachelor’s degree includes honors BSc with Physics and Mathematical Physics major with a Co-op option. It also has a concentration in Biomedical Physics. There is also an option of BSc. BEd and Honors BSc. BEd in Physics major. The Master of Science in Physics has a thesis, project, and thesis Co-op options.
2. The Chemistry Department boasts of expertise in both teaching and research, with small class sizes providing ready access to teachers and specialized instrumentation for students. The four-year HBSc (Chemistry) program is at the centre of undergraduate offerings. Included in the HBSc program is the chance to draft an original research project for a year. The Department also offers the Honours BSc (Biology and Chemistry) and BSc (Biology and Chemistry) degrees for a combined four-year program. At the graduate level, it offers a Master of Science in Chemistry, and a PhD in Chemistry and Materials Science.
3. The Biology Department offers sound instruction for both science-based and professional career students. Honors BSc (Biology Major), BSc (Joint Major in Biology and Chemistry) and HBESc (Biology Major) are recommended for students considering a career in health-related fields and science as scientists and educators at the MSc and PhD level. The BSc (Natural Science Major) is a terminal degree. Students can also pursue their interests in Biology in combination with Outdoor Recreation (HBOR / BSc Natural Science) and Learning (HBSc Biology / BEd and BSc Natural Science / BEd). At the graduate level, the department offers a Master of Science in Biology.
4. The Mathematical Sciences Department offers programs leading to a Bachelor's degree in Arts, a Bachelor's degree and a Master's degree in Science. There is also a minor in mathematics. The department offers Mathematics Honors BA; and Economics and Mathematics major and BSc Honors with Mathematics and Mathematical Physics major. BA and BSc programs are available with a BEd option along with their Honors. The department offers Master of Science in Mathematical Sciences at the graduate level with options for both the thesis and the course.
|Annual fees for Indians||$15,389|
|Annual off-campus living||$5,700|
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<p> Published date: 27 Nov 2020 Updated on: 27 Nov 2020 Planning to study in Canada or the USA? You will have to provide your GRA scores that need to be according to American calculations. Therefore, the scores you will provide need to be converted. It's the point in your journey where you will have to take the help of World Education Services (WES) credit evaluation. WES is one of the largest credential evaluation services that make it easier to understand and recognize by the educational institutions and employers in the US and Canada. This evaluation will provide you with academic equivalents for your credentials so that you can pursue further education or look for a job in these countries. WES evaluations are recognized throughout the USA and Canada. It is the largest and among the oldest of the evaluation services and is also a founding member of NACES (National Association of Credential Evaluation Services). When should you get your credentials evaluated by WES? If you have completed your education outside of the US or Canada and want to go to study or work in these countries, a WES credit evaluation can help you make the right decision by making you understand how your academic credentials are viewed in the USA and Canada. This information can be used in applying to the schools that are apt for your educational background. In case if you are looking for job opportunities in these nations, this evaluation will help you figure out the positions for which you the required educational background. How to apply for a WES evaluation? Step 1- Apply to WES on their website and get a reference number. Step 2- Arrange all the documents required and get them sent to WES by your college along with the full payment in form of DD in a sealed envelope, as per the format stated on the WES website. WES does not accept the documents sent by students, agents, or anyone else. As soon as the WES receives the documents, its staff examines and verifies it. After verification, they proceed to the evaluation process. Step 3- Once the evaluation is done, WES delivers the report to the institutions you have designated. What are the documents required for WES credit evaluation? The list of required documents varies in the US and Canada according to your country of education, type of education, etc. You can check the list of the required documents on the WES website according to your specifications. Some of the major documents required are: Final or provisional degree certificate Annual statement of marks You don’t need to send the documents of your undergraduate degree if you have any of these degrees: Master of Engineering, Master of Education, Master of Technology, or Master of Philosophy. If your master’s degree does not fall into the categories above, you have to submit your bachelor’s degree documents as well. The documents must be attested with the date and placed in an official sealed envelope signed or stamped across the back flap by the appropriate authentication officer of the college. If the envelope is opened or the stamp or signature is missing across the back flap, WES will reject it right away. The college registrar should also sign the Academic Records Request form which you have to put in the same sealed envelope as your transcripts. Need expert help in getting admission to a university abroad? Fill this form and get in touch with an expert What is included in a WES evaluation? There are three types of evaluations offered by WES: Document-by-Document: This evaluation contains a description of your academic credentials, comprising his/her name, name of the institution attended, year awarded, and major field of study. It also provides the US/Canada equivalent for every credential. Course-by-Course: This evaluation includes all the information covered in the Document-by-Document valuation and also lists all the post-secondary subjects and their corresponding value according to US/Canada grade equivalents. CPA Evaluation: This evaluation is useful for the applicants of Certified Public Accountant exams. How much does the WES evaluation cost? A WES Course-by-Course evaluation costs $160 while a Document-by-Document evaluation costs $100. If a student wants rush service or express delivery, extra charges are applied. Need Help in Study Abroad Admission Counselling Click Here How much time does it take to get the WES evaluation? Typically, WES completes the evaluation process within 7 business days, depending upon the type of service requested by the student. If additional verification, research, or correspondence is required, WES might take more time to evaluate. Therefore, it is always recommended to start the process as early as possible to make certain that your evaluation report is completed timely. Which Indian universities are recognized by the US and Canada WES? WES doesn't have any specific list of institutions recognized. However, if you have attended a duly authorized and recognized institution in India, it is likely that WES US/Canada will evaluate your documents. It is quite easy to understand how important WES evaluation is for students who want to study or get a job in the USA/Canada. To get an idea of your academic scores according to the USA/Canada grade equivalents, you can use the WES GPA calculator. Get your grades evaluated and weigh your chances of securing admission to your dream university. If you need any help in getting admissions abroad, get in touch with GyanDhan, and ward off all your worries. Get expert help in every step of your abroad education journey by allowing us to be your guide throughout! </p> <hr> <small>This is a companion discussion topic for the original entry at <a href="https://www.gyandhan.com/blogs/wes-evaluation">https://www.gyandhan.com/blogs/wes-evaluation</a></small> ... Read more
<p> Published date: 25 Nov 2020 Updated on: 25 Nov 2020 Education loans are a boon to students who find personal funds to be less than adequate at most times. With several benefits, they are the best choice for funding abroad education. You should search and explore various education loan options so that you can settle on the best-suited loan product that helps you with your overseas journey. There are many lenders in the market, each with a different loan product. We have a whole series of blogs on different loan products and disbursement processes to help you. In this blog, we are exploring the disbursement process, features, and benefits of the ICICI Bank education loan. What steps are to be taken before the ICICI Bank Education Loan disbursement process? The ICICI Bank education loan process is plain and simple. All you need to do is as follows - Apply for the loan - You can apply for the loan online on the GyanDhan portal after understanding the features and benefits of the ICICI Bank education loan. The entire loan application can be completed online, including submission of the required documents. Submit the required documents - The loan application form requires various documents such as the admission letter, fee structure, KYC documents, collateral documents (if applicable), course-specific documents, etc. GyanDhan will send your case-based document checklist to the registered email of the student, which can be easily uploaded on the portal. ICICI Sanction letter - Once the documents are submitted and verified, the ICICI Bank education loan sanction letter will be sent to the registered email of the applicant. Students are advised to read this letter carefully. Final Loan agreement - On accepting the terms and conditions mentioned in the sanction letter, applicants are required to submit further documents. After which, the bank sends the final loan agreement to be signed by the applicant and the co-applicant(s). The loan amount is disbursed as per the student’s request. What are the ICICI Bank Education loan documents required? The documents required for the ICICI Bank education loan process are as follows - Applicant’s KYC documents - Aadhar card PAN card Valid passport Driver’s license Applicant’s proof of address Tax paid receipt Telephone bill/Electricity bill/Water bill of not more than 3 months old Ration card Academic transcripts - 10th, 12th, and undergraduate mark sheets Test scorecards of GRE/GMAT/TOEFL/IELTS/PTE, if required. Admission letter Fee structure Applicant’s signature proof - Banker’s signature verification Passport copy PAN card Documents required from co-applicant(s) 3 months payslips and proof of any other additional source of income 6 months updated bank statement of salary account Latest Form 16 and ITR Relationship proof (with the applicant) The co-applicant will also have to submit 9-12 post-dated cheques, in case s/he is unable to make an interest payment in a particular month. NACH form There may be additional case-based documents that the applicant will have to submit to complete the application process and to initiate the disbursement process. The documents have to be notarized on stamp paper. Want To Apply For An ICICI Bank Abroad Education Loan? Fill this form and get in touch with an expert What is the ICICI Bank education loan disbursement process? The ICICI Bank education loan disbursement process does not require any additional steps. Once the bank has presented the sanction letter, the applicant has to submit all the above-mentioned documents, as well as any other mentioned in the letter. The applicant can request disbursement of the loan amount after the documents are submitted and verified by the bank. The time taken for disbursal is 15 working days. The process is quick and hassle-free for timely disbursement of loans. Tuition fees - The tuition fee is directly transferred to the university account or the student’s account. Living expenses - Expenses for accommodation, hostel, travel, etc, are transferred to the student’s account for ease of processing. Other expenses - All expenses incurred during studies abroad are covered under the ICICI Bank education loan. The loan amount for the same is transferred to the student’s account. Students should remember to request disbursement at least 2 to 3 weeks before the deadline for fee submission to provide ample time for the bank to process it and to avoid any delays in submitting the fee. What are the features of the ICICI Bank education loan? The ICICI Bank education loans are student-friendly with various features that aid students to pursue abroad education without breaking into a sweat. Some of them are as follows - Loan amount - ICICI Bank offers education loans up to INR 1 crore (with collateral) for overseas education. For education loans without collateral, the bank offer loans up to INR 40 lakhs for postgraduate courses and up to INR 20 lakhs for undergraduate courses. Interest rate - The ICICI Bank education loan interest rate for international studies starts at 11.25% for postgraduate courses. For undergraduate courses, the interest rate starts at 11.75%. The interest rate, however, can differ based on the course and the institute. If the student has secured admission in a top-ranking college, the interest rate can be negotiated. Simple interest is calculated on education loans. Margin Money - The bank does not charge any margin money on loan amounts up to INR 20 lakhs. Margin money for loans above INR 20 lakhs ranges from 5% to 15%. Any scholarship amount or initial fee paid to the university can be included in the margin money. Eligibility - The ICICI Bank education loan eligibility criteria is rather simple - The student should be an Indian national. The student should have secured admission in a recognized university to a degree or diploma course. The student should have successfully completed 10+2 education. Processing fee - The ICICI Bank processing fee is 1% of the loan amount plus applicable taxes. Repayment tenure - The bank offers up to 8 years after the moratorium period ends to repay the loan amount. If the student has pledged collateral, the loan tenure is 10 years post the holiday period. Moratorium period - The loan repayment starts after the completion of the course + 6 months. What are the benefits of the ICICI Bank education loan? The benefits of an ICICI education loan are as follows - Loan coverage - The education loans by the bank will cover any and every expense that is incurred in overseas education. Students can also pledge collateral to get a higher loan amount limit. Wider course and college coverage - Most lenders keep a list of eligible courses and colleges for abroad education. ICICI Bank, on the other hand, gives education loans to practically every course and college provided it is a recognized institute. Instant Education loan - The bank facilitates instant education loans that enable students to get an instant Sanction letter. The ICICI Bank Abroad loan Sanction letter is accepted as a source of funds for student’s admission confirmation. The student can avail of the Instant Education Loan by pledging Fixed Deposit with the bank. The instant loans are pre-approved, and therefore, the sanction letter is sent on the registered email ID of the customer. Interest rates - The ICICI Bank education loan interest rate is dynamic. On securing admission to a reputed and top-ranked college, the rate of interest can be negotiated to a lower figure. Pre-Visa disbursal - The bank offers the option to get the loan amount disbursed as a way to show proof of funds during the visa interview. The bank also has preferential forex rates for international disbursements. Margin money - There is no margin money on loan amounts up to INR 20 lakhs. Tax benefits - Under Section 80E of the Income Tax Act of India, the interest paid on an education loan is tax-deductible. Students can avail of this benefit by taking a loan from the ICICI Bank, as well as any other scheduled bank in India. In addition to this long list of benefits, the bank accepts non-financial co-applicants if the applicant has 3+years of experience and is going for a postgraduate course. There is also no penalty on prepayment of loans. What are the advantages of opting for the GyanDhan Gateway for your education loan? GyanDhan is a one-stop-shop for education loans and abroad studies. We provide services to students that we know would not only benefit the students but also make their abroad journey easy and hassle-free at zero cost to the students. Our Education Loan Counselors (ELC) will discuss the loan options with you before initiating the loan application. After a thorough discussion, the loan process is started with the lender that suits your profile and needs. We have partnered with ICICI Bank and several other major lenders in the market. While approaching a lender might be the first choice of the students, they should consider the benefits of channels like GyanDhan. The loan process is swift and with zero hiccups. The chances of any hindrance are negligible, and if faced, will be resolved immediately by your assigned ELC by contacting the concerned bank official. The ICICI Bank loan application status can be easily tracked on the dashboard of your GyanDhan account. The education loan process with GyanDhan is nothing short of a walk in a park. Just check your loan eligibility here and finance your dream education! </p> <hr> <small>This is a companion discussion topic for the original entry at <a href="https://www.gyandhan.com/blogs/icici-bank-loan-disbursement">https://www.gyandhan.com/blogs/icici-bank-loan-disbursement</a></small> ... Read more
With the surge in the popularity of Big Data related jobs in the world, the Analytics roles are also gaining huge traction. Almost every industry such as technology, financial services, retail, healthcare, travel, FMCG, media, etc. leverage business analytics to gain a competitive edge over the competitors. Because of this astronomical rise in demand for trained business analytics professionals, the job prospects in the field have also augmented manifolds. To explain to you in detail about the MS in Business Analytics- best colleges abroad, eligibility, job prospects, and prerequisites, GyanDhan, in partnership with Galvanize Test Prep, is organizing a webinar "Big Data, Big Paycheck! All about an MS in Business Analytics!". The webinar will be organized on Saturday, 28th Nov 2020 at 11 AM IST. The speaker of the webinar will be Pavithra Srinivasan (Stanford University Alumna). **Highlights for the Session:** * Is my background/profile suitable for an MS in Business Analytics? * Which countries and universities should I apply to? * What kind of jobs will I get after the course? * What prerequisites and courses will be a part of this program? ... Read more
<p> Published date: 21 Nov 2020 Updated on: 21 Nov 2020 There are several Non-Banking Finance Companies (NBFCs) offering education loans to students. The most highlighted benefit of these lenders is that the eligibility for an education loan is reasonably relaxed, helping students secure funds for their choice of course and country comfortably. Auxilo is one such lender in the market that offers education loans for abroad studies. Founded in 2017, Auxilo is a pro-education NBFC that believes in the right to education for every student. They offer complete loan coverage, competitive interest rates, flexible repayment options, and several other benefits. In this blog, we are looking at the disbursement process of the Auxilo education loan in detail to help students understand the process. Without further ado, let’s get into it - What are the steps taken before the Auxilo Education Loan disbursement process? The Auxilo education loan process is straightforward and hassle-free for the students. The process is further simplified on applying for the same through GyanDhan. Let’s read about the Auxilo education loan process - Apply for the loan - The simplest way to apply for the Auxilo education loan is to get in touch with GyanDhan. You can apply for the loan after a thorough discussion with our education loan counselor to understand the loan product offered by Auxilo. Submit documents required - The loan application requires students to submit certain documents. Documents and details regarding the institution such as admission date, fee structure, course-specific information, and admission related documents are mandatory for the Auxilo education loan process. Loan Structuring - Auxilo will verify the documents submitted, as well as the enrollment documents. At this point, you will have to get your co-applicant’s signature. Once the documents are verified and your application is analyzed, Auxilo will offer an education loan that is structured and customized exclusively for you. Final loan agreement - On accepting the initial loan offer, you will receive a final loan agreement, which has to be signed by the applicant and all the co-applicants. The loan amount can be disbursed after accepting the final loan agreement. The money can be disbursed as per the student’s convenience. What are the Auxilo Education loan documents required? To complete the loan application and process, the applicant must submit all the mandatory documents. Though the list of documents differ from case to case, some of the commonly asked documents are as follows - Applicant’s KYC documents - Aadhar Card Valid Passport PAN Card Voter Card Driver’s License Applicant’s Proof of Residence - Tax Paid receipt Telephone bill/Electricity bill/Water Bill of not more than 3 months old Ration Card Academic Transcripts - 10th, 12th, and undergraduate mark sheets Test Scorecards of GRE/GMAT/IELTS/TOEFL, if applicable. Applicant’s Signature Proof - Banker’s Signature verification Passport Copy PAN Card Driving License with photograph and individual signature Clearance of Processing Fees cheques - the concerned officer will verify the signature on the application form with the processing fee cheque. Notarized Affidavit Documents Required from Co-Applicant(s) 3 months payslips and proof of any other additional source of income 6 months updated bank statement of salary account Latest Form 16 and ITR Relationship proof (with the applicant) The co-applicant will also have to submit 9-12 post-dated cheques, in case s/he is unable to make an interest payment in a particular month. NACH form Financial documents of the co-applicants vary depending on the type of employment - Private company, Partnership Firm, Trust/Foundations, Proprietorship Firm. For example, for a Partnership, the documents required are - Registration Certificate, if registered Updated and latest Partnership Deed Telephone Bill in the name of the firm Certificate/Registration document issued under GST/Professional Tax or any other authorities. Certificate/License issued by the Municipal Authorities under Shop and Establishment Act. Any other case-based document required by the lender would be informed to the applicant during the loan process, which they will have to get notarized on a stamp paper. What is the Auxilo Education loan Disbursement process? Auxilo disbursement process is easy and effortless. Once the loan formalities, such as submitting additional documents or post-dated cheques, etc. are completed, the loan amount can be disbursed as per the applicant’s request. Tuition Fees - the tuition fees can be either directly transferred to the university or to the student’s account. Living Expenses - the living expenses are transferred to the student’s account. Other Expenses - The Auxilo education loan covers a plethora of expenses. The loan amount can be disbursed to the student’s account for these additional expenses, such as travel expenses, pre-admission costs, etc. Want To Apply For Auxilo Education Loan For Abroad Studies? Fill this form and get in touch with an expert What are the features of the Auxilo education loan? Auxilo education loan is preferred by students to finance their abroad studies on account of the various features. The loans offered by Auxilo are holistic and customized. Let’s look at some of the features of the education loans by Auxilo - Loan amount - There is no cap on the maximum amount you can borrow from Auxilo. If the student and co-applicant profiles are outstanding, the lender will fund the entire cost of education. However, with an average profile, the student can expect to borrow up to INR 40 lakhs. Interest Rate - The Auxilo education loan interest rate is calculated as = Auxilo Base Rate + Spread. The current base rate is 12.70%. The spread is determined based on the student’s profile and the course selected. Eligibility - To be eligible for the Auxilo education loan, students must fulfill the following criteria - The student must be an Indian citizen and 18 years and above. The student must have confirmed admission to a recognized university before the loan amount is disbursed. The loan must be co-signed by an earning co-applicant in India. Processing Fees - The Auxilo loan processing fee can be 2% of the sanction loan amount or as per the Sanction letter. Repayment tenure - The lender offers up to 10 years to repay the loan. What are the benefits of the Auxilo education loan? There are a great many benefits of choosing Auxilo to fund your education. Some of them are as follows - Loan Coverage - Auxilo has your back. Whatever may be the expenses, your loan amount will cover it. Expenses like tuition fees, living expenses, examination fees, travel expenses, etc. are all covered by the loan, meaning zero margin money. No-limit loans - Auxilo has not set an upper limit on the amount that can be borrowed, meaning if the student profile is good, any amount can be sanctioned. Customized loan options - Auxilo studies the profile and needs of the student before presenting a loan offer. There is no fixed loan product as the needs of every student are dynamically different, which the lender takes into account. And therefore, offers customized loan products. Pre-admission loan - Auxilo offers education loans to students who have not yet received an unconditional admission offer. This loan offers the benefit of ‘proof of funds’ to help students receive Confirmation of admission. Pre-Visa Disbursement - Students can opt for pre-visa disbursement to show adequate funds as a testimony as well as ‘proof of funds’ during their visa interview. Wider course and country coverage - There’s a wider coverage in terms of the courses and countries that Auxilo supports. For example, Auxilo provides funds for almost all the courses like undergraduate, postgraduate, professional degrees, diploma courses, technical or professional courses, vocational training, or executive programs. There is also no limit on the number of countries supported. Multiple co-applicants - Many students face the problem of co-applicants in the case of unsecured education loans. To tackle this issue, Auxilo allows multiple co-applicants as well as multi-city co-applicants. What’s the advantage of GyanDhan Gateway for the education loan? GyanDhan knows the value of the right loan and lender to fund abroad education. And to help you get the best services to finance your education, we discuss all the possible options available to you, taking into account your needs and requirements. Further, we have partnered with Auxilo to assist you to get the education loan without any hitch. The entire loan application process can be completed online on GyanDhan’s portal and the Auxilo loan application status can be tracked on the dashboard of your GyanDhan account. GyanDhan assures a swift and hassle-free education loan journey for the students at zero cost to them. Check your Auxilo education loan eligibility here and start your Auxilo education loan process right away! </p> <hr> <small>This is a companion discussion topic for the original entry at <a href="https://www.gyandhan.com/blogs/auxilo-loan-disbursement">https://www.gyandhan.com/blogs/auxilo-loan-disbursement</a></small> ... Read more