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In the last episode, we covered Ashutosh Borkar’s
research mechanism and entrance exam. In this episode, we will cover
information about SOP, his future plans and how he found a perfect education
loan partner.
Key highlights
·
What study abroad
students must know about Statement of Purpose (SOP)
·
His future plans
·
How did his search
for the perfect student loan partner direct him to Avanse
Financial Services?
o
Research
o
His experience
What study
abroad students must know about Statement of Purpose (SOP)
SOP is an essay that captures your academic journey
and why you seek admission into a specific university. Ashutosh included his
qualifications, project work, work experience and all the relevant information
that showcased his talent, skills and motivation to pursue higher education at
the University of Michigan. He also stressed sending an error-free SOP, so
ensure you check the spelling mistakes and grammar before finalising it.
The SOP should be engaging as several students will be
applying along with you, and you need to stand out. The moderator will also
analyse if your previous program aligns with your chosen course and if you
possess the basic skills. There is a word limit that you must bear in mind when
drafting SOP. Depending on the university, the SOP can be 1,000-1,500 words
long.
·
Things to include in
the SOP
o
Inspiration to pursue
your preferred study program
o
Academic
qualifications and achievements
o
Projects/practicals
o
Publications (if any)
o
Extra-curricular
activities
o
Certification
programs
o
Work experience (if
any)
o
Reasons to choose
your university and destination
o
Short-term and
long-term goals
o
Career aspirations
His future plans
His smart plan is to gain work experience in the US and
pay off his student loan, as Ashutosh is confident about enormous opportunities
in the US market. Therefore, he has decided to work abroad, gain some
experience, pay off his education loan
and then return to his home country. This will work in his favour as he can
repay the study loan while building his successful career.
How did his
search for the perfect student loan partner direct him to Avanse Financial
Services?
·
Research: Ashutosh
quickly required a sanction letter for an education loan for the visa process.
Secondly, keeping his preferences and financial requirement in mind, he chose
an unsecured loan (without collateral) over a secured loan (with collateral).
He researched online to find a lender that offered unsecured student loans with
quick sanctions. He shortlisted a few financial institutions, including Avanse
Financial Services, and shared his contact details to receive calls. One of his
friends had taken a study loan from Avanse, who shared his positive experience
with Ashutosh.
·
His experience: Ashutosh
shared that he had a hassle-free education loan journey. The team educated him
about the documentation procedure and answered all his doubts. The transparent
process further boosted his confidence. The quick sanction assisted him in
providing proof of funds to the visa authorities, which quickened his visa
approval.
So, in this episode, we covered interesting
information about the Statement of Purpose (SOP), his future plans, and how his
search for the perfect student loan partner directed him to Avanse Financial
Services. In the next episode, we will cover his student visa experience and
valuable advice for study abroad students. Meanwhile, if you have any doubts,
please share them with us. We will be glad to answer them all.
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.