Help On Financial Aid: Getting Financial Aid In India
Unlike United States, India does not have a centralized financial aid system
. However, there are many ways that one could obtain financial aid in India. This article highlights some of the ways of obtaining financial aid in India.
Help from your Community
There are many people who are ready to help students from their community mainly to uplift their community. Having struggled to reach the top, they want to make it a little easier for others. Check with your parents and relatives about such people and obtaining financial aid from them.
Community Clubs and other Clubs
Many local community clubs or other organizations help students by providing them with college fees, books, and other essential materials upon producing a receipt. However, you need to produce proof of your income and your parents' income to show that you are unable to meet the expenses of the education.
Government Help
The government has taken a lot of steps to provide financial aid to those who need. Student education loans are provided at reasonable interest rates and the student needs to start paying only after you have completed your education and taken up a job. Most engineering and medical colleges have two fee structures - one based on merit and subsidized while the other is the paid seat. There are reservations for seats in these colleges for backward classes with low income. Reservation seats are also specifically available for those whose parents belong to defense. Many courses also allow subsidized fees specifically for girls. Many colleges themselves through government aid provide scholarships or fee waiver in case of brilliant students. It is important to check the colleges of your choice for these possibilities.