Ten Commandments for PhD Applicants

Factors that you must keep in mind  while applying

1. If you are not having any published material do not hesitate to send manuscripts under preparation.

2. Have an idea of what your graduate research will be about . Adcoms prefer candidates who already have a clear notion of what they would like to do.

3. To  improve your chances of admission gain  some research / work experience in the field your application.

4. Have a clear idea of the professor  you would like to work with , and indicate this on your personal statement. If possible, contact these faculty before you apply.

5. If you have a Bachelors degree (and not a Masters), be prepared to prove exceptional potential for graduate research. Ideally, this comes from summer research experience in labs/groups of national or international repute or publications in premier peer-reviewed journals.

7. Even if a university is unable to provide you with direct funding or a scholarship, there may be other opportunities for you to earn an income while you are there, such as research assistantships. Look into this before turning down an offer from a university you might otherwise want to attend.

8.Most schools interview potential candidates. Typically international candidates are interviewed by a member of the school’s faculty on telephone. Be prepared to explain and answer questions on your coursework and projects. An invitation to interview almost certainly means you are going to be offered the position if you can justify what you have written in your paper application.

9. Admittances are notified beforehand, while financial aid decisions are often pending till a month or two after that.

10.. If you’re in your forties or older, expect age discrimination at popular schools

Adopted From Wiki How


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Colleges and universities accepting low GPA

Here is a list of colleges and universities for  students with GPA of C to C+

Adelphi University

Albright University

Alfred University

Barry University

Bridgewater State College

Clarkson (NY)

Cabrini College

Colby-Sawyer

Cazenovia College

Curry College

Emmanuel College

Fairleigh Dickinson University

Dowling University

Drexel University

Drew, Endictott College (MA)

Florida International University

Florida Southern College

Franklin Pierce University

Frostburg State University

Harcum College

University of Hartford

Hobart and William Smith College

Kean University

Lasell (MA)

Lesley University

Long Island University

Lynn University

Marymount University (D.C.)

U of Mass Boston

McDaniel

St. Michaels

Mitchell College

Mt. Ida (NY)

New England College

University of New Haven

Nova Southern University (FL)

Plymouth State

Rider University

Roger Williams University

St. John U. (NY)

Suffolk University

Wentworth Institute of Technology

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Dataquest Ranking of Indian Engineering Colleges - 2008



Rank

College

1

IIT-Kharagpur

2

IIT-Delhi

3

IIT-Roorkee

4

IIT - Kanpur

5

IIT-Guwahati

6

IIT-Chennai

7

IIT-Hyderabad

8

Institute of Technology - Varanasi

9

NIT-Calicut

10

Netaji Subhash Institute of Technology – New Delhi

11

NIT-Warangal

12

Dhirubhai Ambani Inst of Info Communication Tech – Gandhi Nagar

13

Thapar University

14

Indian Institute of Information Technology - Allahabad

15

Birla Institute of Technology - Ranchi

16

PSG College of Technology -Coimbatore

17

Sir M Visvesvaraya Institute of Technology - Bangalore

18

Motilal Nehru National Institute of Technology - Allahabad

19

VIT University - Vellore

20

New Horizon College of Engineering - Bangalore

21

Amrita School of Engineering - Coimbatore

22

HBTI-Kanpur

23

NIT-Rourkela

24

NIT-Jamshedpur

25

Maharaja Agrasen Institute of Technology - Delhi

26

Manipal Institute of Technology - Udupi

27

NIT-Hamripur (HP

28

SSN College of Engineering

29

Bharati Vidyapeth University College of Engineering - Pune

30

Amity School of Engineering & Tech – New Delhi

31

Rajagiri School of Engineering & Technology - Cochin

32

PES Institute of Technology - Bangalore

33

Marathwada Institute of Technology - Aurangabad

34

Galgotia’s College of Engg & Technology – Greater Noida

35

Coimbatore Institute of Technology - Coimbatore

36

Oriental Institute of Science & Technology - Bhopal

37

Thakral College of Technology - Bhopal

38

Thiagarajar College of Engineering - Madurai

39

Babu Banarasi Das Institute of Technology - Ghaziabad

40

Kumaraguru College of Technology - Coimbatore

41

Noida Institute of Engineering & Technology – Greater Noida

42

Panimalar Engineering College - Chennai

43

NIT-Mysore

44

Army Institute of Technology - Pune

45

Madan Mohan Malaviya Engineering College - Gorakhpur

46

RNS Institute of Technology - Bangalore

47

Maharaja Surajmal Institute of Technology – New Delhi

48

Bhilai Institute of Technology - Durg

49

Bannari Amman Institute of Technology - Erode District

50

BS Abdur Rahman Crescent Engineering  College - Chennai

 

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Community Colleges with Dorms


This list contains unconfirmed information.  Some

colleges may have private housing adjacent to the college but they are
not college operated.

Alabama

Concordia College
Calhoun Community College
James H Faulkner State Community College
Community College of the Air Force Marion Military Institute
Jefferson Davis Community College
Northwest-Shoals Community College-Muscle Shoals 
Bevill State Community College
Southern Union State Community College
Gadsden State Community College
Walker College Snead State Community College

Alaska

Prince William Sound Community College
University of Alaska Southeast
University of Alaska-Anchorage College of Career & Voc Ed

Arizona

Yavapai College
Arizona Western College
Dine College
Cochise College
Central Arizona College
Eastern Arizona College
Northland Pioneer College

Arkansas

Arkansas State University- Beebe
Southern Arkansas University- Technical Shorter College
University of Arkansas-Little Rock

California

Bakersfield College (Bakersfield,)
Brooks College (Long Beach, private)
Butte College (Orville)
Chabot College
College of the Redwoods (Eureka)
College of the Siskiyous (Weed)
Columbia College (Columbia)
D-Q University (Davis)
Feather River College (Quincy)
Kings River CC (Reedly)
Lassen College (Susanville)
Marymount (Palos Verdes) (private)
Menlo College (Atherton, private)
Reedley College
San Diego Mesa (nr. San Diego State)
Santa Rosa JC (Santa Rosa)
Santa Barbara City College (limited)
Shasta College (Reading)
Sierra College (Rocklin)
Taft College (Taft)
West Hills College (Coalinga)
Youba College (Maryville)

Colorado

Colorado Northwestern Community College
Trinidad State Junior College
Colorado Mountain College
Otero Junior College
Lamar Community College
Northeastern Junior College

Connecticut

Briarwood College

Florida

Palm Beach Community College
Lake City Community College
Florida College
South Florida Community College
Chipola Junior College
International Fine Arts College

Georgia

Middle Georgia College
Abraham Baldwin Agriculture College
Andrew College
Truett-McConnell College
North Georgia Technical Institute
Georgia Military College
Bauder College
South Georgia College
Gordon College
Young Harris College

Hawaii

Maui Community College
Idaho
North Idaho College
College of Southern Idaho
Boise State University College of Technology Ricks College

Illinois

Lexington Inst of Hospitality Careers
Springfield College in Illinois
Lincoln College

Indiana

Vincennes University
Holy Cross College

Iowa

Iowa Valley Community College District
Northwest Iowa Community College
Western Iowa Tech Community College
Iowa Western Community College
Indian Hills Community College
Southeastern Community College
Waldorf College
American Institute of Business
North Iowa Area Community College
Southwestern Community College
Iowa Lakes Community College
Iowa Central Community College


Kansas

Barton County Community College
Hesston College
Cowley County Community College
Central College
Independence Community College
Fort Scott Community College
Garden City Community College
Hutchinson Community College
Cloud County Community College
Haskell Indian Nations Univ
Neosho County Community College
Dodge City Community College
Coffeyville Community College
Washburn University-School of Applied Studies Seward County Community
College Labette Community College Highland Community College Butler
County Community College Pratt Community College Allen County
Community College Colby Community College

Kentucky

St Catharine College
Western Kentucky University
Lexington Community College
Hazard Community College


Maine

Southern Maine Technical College
Eastern Maine Technical College
Central Maine Technical College
Washington County Technical College
Northern Maine Technical College
Central Maine Medical Center School of Nursing


Maryland

Garrett Community College
Baltimore International College
Allegheny College

Massachusetts

Newbury College
Bay State College
Fisher College
Dean College
Becker College, Worcester and Leicester

Michigan

North Central Michigan College
Alpena Community College
Bay Mills Community College
Suomi College
Northwestern Michigan College
Bay de Noc Community College

Minnesota

Bethany Lutheran College
Laurentian Community and Technical College District Mesabi Community
College Rainy River Community College


Mississippi

Meridian Community College
Copiah-Lincoln Community College
Northwest Mississippi Community College
Wood College
Hinds Community College
Southwest Mississippi Community College
Itawamba Community College
East Mississippi Community College
Mary Holmes College
Holmes Community College
Pearl River Community College
Coahoma Community College
Mississippi Delta Community College
Jones County Junior College
East Central Community College
Pearl River Community College- Forrest County Mississippi Gulf Coast
Community College Northeast Mississippi Community College


Missouri

North Central Missouri College
Cottey College
Crowder College
Wentworth Military Academy
Southwest Missouri State University
Moberly Area Community College
Kemper Military School and College

Montana

Miles Community College
Dawson Community College
College of Technology- University of Montana

Nebraska

Central Community College
McCook Community College
Northeast Community College
Southeast Community College
Western Community College Area
Nebraska College of Technical Agriculture-U of Nebraska

Nevada

Deep Springs College
New Hampshire
New Hampshire Technical Institute
White Pines College
Hesser College
McIntosh College

New Jersey

Berkeley College

New Mexico

New Mexico Military Institute
Southwestern Indian Polytechnic Institute Northern New Mexico
Community College Institute of American Indian Arts Eastern New Mexico
University- Roswell New Mexico Junior College New Mexico State
University- Dona Ana

New York

SUNY College of Agriculture and Technology Mater Dei College Paul
Smith’s Coll Arts & Scien SUNY Agricultural & Technical
College-Morrisville SUNY College of Technology- Delhi SUNY College of
Technology- Alfred Berkley College SUNY College of Technology -
Farmingdale SUNY College of Technology- Canton Mohawk Valley Community
College Fashion Institute of Technology Sage Junior College of Albany
College of Aeronautics Clinton CC Finger Lakes CC Genesee CC Herkimer
CC Mohawk Valley CC Monroe CC North Country CC Onondaga CC Sullivan
County CC Tompkins-Cortland CC

North Carolina

Stanly Community College
Saint Mary’s College
Louisburg College

North Dakota

University of North Dakota- Lake Region
University of North Dakota- Williston
North Dakota State University- Bottineau United Tribes Technical
College North Dakota State College of Science Bismarck State College

Ohio

University of Akron-Community and Technical College Rio Grande
Community College Kettering College of Medical Arts University of
Toledo-Community and Technical College Ohio State University-Ag
Technical Institute University of Cincinnati- University College Mercy
College of Northwest Ohio Northwestern College Hocking Technical
College

Oklahoma

Northern Oklahoma College
Rogers State College
Eastern Oklahoma State College
Carl Albert State College
Bacone College
Oklahoma State University- Okmulgee
Northeastern Oklahoma A & M College
Murray State College
Southwestern Oklahoma State University-Sayre

Oregon

Southwestern Oregon Community College
Treasure Valley Community College
Central Oregon Community College
Columbia Gorge Community College

Pennsylvania

Harcum College
Central Pennsylvania Business School
Thaddeus Stevens State School of Technology Northampton County Area
Community College Valley Forge Military College
Manor College

South Carolina

Denmark Technical College
Spartanburg Methodist College

Tennessee

Hiwassee College
John A Gupton College
Martin Methodist College


Texas

Trinity Valley Community College
Amarillo College
Southwest Texas Junior College
Laredo Community College
Bee County College
Angelina College
Grayson County Junior College
South Plains College
Tyler Junior College
Odessa College
Jacksonville College
Frank Phillips College
Temple College
Blinn College
Southwestern Christian College
Lon Morris College
Hill College
Central Texas College
Western Texas College
Ranger Junior College
Northeast Texas Community College
Miss Wade’s Fashion Merchandising College Howard County Junior College
District North Central Texas College Panola College Navarro College
Wharton County Junior College Texas State Technical College-
Waco/Marshall Texas State Technical College- Harlingen Paris Junior
College Clarendon College Kilgore College Vernon Regional Junior
College Cisco Junior College Weatherford College


Utah

College of Eastern Utah
Dixie College
Latter-Day Saints Business College
Snow College

Vermont

Landmark College
Sterling College
Vermont Technical College

Virginia

Southern Virginia College
Community Hospital College of Health Sciences

Washington

Yakima Valley Community College
Big Bend Community College
Peninsula College
Art Institute of Seattle
Edmonds Community College
Wenatchee Valley College


West Virginia

Potomac State College
Shepherd College-Community College Division Fairmont State College
West Virginia Institute of Technology Glenville State College-
Community & Technical College Marshall University Community and
Technical College West Virginia State College- Community & Technical
College

Wisconsin

Northcentral Technical College
Western Wisconsin Technical College


Wyoming

Eastern Wyoming College
Laramie County Community College
Western Wyoming Community College
Central Wyoming College
Sheridan College
Northwest College
Casper College

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Free Education Sites for the Unemployed

Here are 100 free and educational sites that will help you manage your time away from work in a productive manner.

Career

Check out these sites to learn how to ramp up your career.

  1. Quint Careers: This career website offers information on building a great resume, changing careers, finding a job as an older worker and a whole lot more.
  2. Teachers TV: If you’re an out-of-work teacher, this site offers a chance to learn more about the field and get ideas on how to work in the classroom.
  3. Career One Stop: Pay a visit to this organization’s site to learn about new ways you can get on the path to career success from going back to school to changing your field.
  4. Career Crafter Tutorials: This website isn’t about a career in crafting; instead it offers great advice and instruction on building, or rebuilding, a solid career.
  5. eResumes: Check out the advice on this site to create a better, more streamlined resume.

Business

Build up your business knowledge and skills through these courses, tutorials and informative sites.

  1. KnowThis.com: This site is full of tutorials to help you learn more about marketing.
  2. LayNetworks: If you want to improve how you work and lead in the office, this site offers a great collection of tutorials.
  3. Website 101: It can be a big asset to a business to have a website, so learn all you need to know about the process here.
  4. Business Tutorials: Those hoping to start their own business will find a wide range of helpful articles and tutorials on this site.
  5. Small Business Administration Courses: The U.S. government offers these free courses — some online and others free — to take at local business centers to help people of all ages build their entrepreneurial skills.
  6. My Own Business: Many people use the loss of a job as a motivating factor to finally start their own business, and this site is full of tips on how to do it right.
  7. Kutztown Small Business Development Center: Whether you want to start your own business or just want to brush up on what it takes to work in a successful one, this site can be a big help.
  8. iLearn Small Business Courses: Check out the advice and information contained in these helpful business courses.
  9. LearnThat: This site offers some basic business tutorials.
  10. HP Learning Center: You can learn more about running the equipment in your office through these free courses from HP.

Management and Leadership

Give yourself the confidence and expertise it takes to be a good leader by checking out some of these free resources.

  1. Training Time: Through the tutorials on this site, you can learn important skills like building a better workplace environment and training new employees.
  2. Financial Management Training Center: Learning to manage the finances of a business can be just as important as managing the people, and these courses will help you learn to keep the cash flow in check.
  3. Change Management: These courses will help you learn how to effect real changes in the workplace that can build a better working environment for you and your employees.
  4. Management Help: While designed with nonprofits in mind, these courses offer some good advice for managers of for-profit outfits as well.
  5. Leadership Training Tutorials: Take these free courses to learn what makes a good leader and how you can hone your skills to be better at working with others.
  6. Business Balls: The name might be silly, but this site offers some truly great courses and information on building management skills.
  7. Project Management Course: Through this resource, you can gain skills that can help you explain how you’d manage a project, if asked in an interview.
  8. The Leaders Institute Tips: From remembering names to speaking in public, these articles will educate you on how to be a better leader one step at a time.
  9. American Management Association: The podcasts on this site offer a chance to learn from other leaders out there.
  10. Learners TV: Watch some of these videos to learn more about management of people, money and assets.

Academics

Spend your time away from the workplace learning about everything from calculus to global politics on these open education sites.

  1. MIT Open Courseware: You too can take courses, not for credit of course, from one of the most well-regarded tech colleges in the United States.
  2. Google Scholar: If you want to make sure you’re reading reliable, academic sources, use this student-focused search engine from Google.
  3. Academic Earth: This site offers a wide range of lectures and courses from some of the elite scholars and schools in the nation.
  4. iTunes U: Take courses through iTunes from schools and institutions with great academic reputations.
  5. Forum Network: Here you’ll find free lectures from NPR and PBS on a wide range of interesting subject matter.
  6. Princeton WebMedia: You don’t have to attend Princeton to listen to the great lecturers the school offers–all found through this site.
  7. Harvard@Home: Hear from some of the world’s best-known scholars through the lectures on this Harvard site.
  8. Open University: Get free courses of all kinds from this UK-based online university.
  9. Carnegie Mellon Open Learning Initiative: Here you can listen to lectures and take courses from Carnegie Mellon.
  10. Duke Law Center for the Public Domain: If you want to brush up on your knowledge of relevant law issues, take a look at this site.
  11. Kaplan University: There are a few courses here on business, education and social sciences you can take for free.

Technology

For many unemployed workers out there, knowing as much as possible about technology can be a big asset in finding a new job. These sites will help teach you about a wide range of technological issues.

  1. Computer Weekly: IT professionals, or those hoping to work in the field, can get all kinds of webinars and lessons on this site.
  2. TechOnline: These webinars offer some pretty techie instruction on a number of subjects.
  3. actDEN: Those who aren’t tech-professionals will appreciate this free site to learn more about how to use Microsoft’s Office suite.
  4. W3Schools: Check out these web tutorials to learn HTML, XML, CSS, server maintenance and more.
  5. Productivity Portfolio: If you’ve got five minutes you’ve got enough time to take these tutorials.
  6. MuppetLabs: From a programmer’s virtual library to lessons on languages like Python and Perl, this site is full of information.
  7. Geekpedia: Here you’ll find a huge collection of tutorials and articles to learn about all the big tech issues.
  8. InPictures: If you work better from pictures than words, this site can make it much easier to learn about computer issues.
  9. How-to-Geek: Those in need of lessons on working with computers and other gadgets will appreciate this large site.
  10. Vista4Beginners: Some people have had a hard time learning how to navigate Vista, but this site has helpful guides to ease the process.
  11. NetTuts: Here you can find lessons on keeping websites secure, using CSS and a whole lot more.
  12. Tweako: This techie-focused site is full of tutorials and articles on topics computer and programming-related.

Essential Skills

If you’re out of work, chances are pretty good you need to save money. These educational sites will help you learn how to hem your own pants, maintain your car, and fix your own home.

  1. Sewing Tutorials: Learn how to sew a wide variety of projects on this site.
  2. What the Craft: From this site you can learn how to revamp your old wardrobe, mend things and sew great projects.
  3. Cooking Tutorials: Save money by not eating out and learning how to cook healthy foods on this site.
  4. Car Maintenance Guide: Don’t spend hundreds fixing things on your car when you can do it yourself by learning from this site.
  5. DoItYourself.com: Learn how to do all kinds of things around the house without calling in the professionals with these tutorials.
  6. The Bicycle Tutor: If you’re more of a bike person than a car driver, you’ll get tips on keeping your bike in order here.
  7. Easy2DIY: From finishing a basement to solving minor plumbing problems, you’ll get help on this site.
  8. SkillVids: Check out this site to learn how to fix things around your home–saving you money and giving you something to do.
  9. Make Magazine: Get creative in your spare time and take on some of these home improvement projects.
  10. DIY Home Improvements Depot: This site offers you a chance to learn how to be your own handyman or woman.

Reading and Writing

Learn a wide range of skills through these sites offering writing instruction and free literature.

  1. Project Gutenberg: Read the classics from the thousands of public domain books contained within this site.
  2. Literature.org: Find works of classic literature on this site from Twain to Descartes.
  3. Bibliomania: This site collects thousands of free books so you can read them without even leaving the house.
  4. SparkNotes:If you want to read a challenging book but want a little help understanding it, the free study guides on this site will be a big assistance.
  5. Poewar Writer’s Resource Center: Whether you want to write better poetry or just want to sound better on your resume, take a look at this site.
  6. Paradigm Online Writing Assistant: Learn what some common problem areas are when writing and how to make your written words better from this resource.
  7. WikiBooks: This site contains loads of free online books on a huge range of subjects.
  8. Library of Congress: The LOC is more than just home to millions of books, it also houses great archives of photos, audio recording and artifacts, many of which are available online.
  9. Lifewriting: This site offers free writing classes to help you hone your skills.

Language Learning

Knowing how to speak another language can be a huge asset on a resume for a wide range of career paths. Check out these sites to learn the basics of dozens of languages.

  1. BBC Languages: With numerous languages from Mandarin to Spanish offered, this site is a great place to learn the essential phrases of a new language.
  2. Rosetta Project: Learn more about the variety of world languages out there with this research project and website aimed at documenting them all.
  3. MIT Foreign Language and Literature: Take free language courses through MIT through their OpenCourseWare program.
  4. LiveMocha: Trade your knowledge of English to someone else who speaks another language on this communal learning resource.
  5. LingoPass: This site offers a free language learning exchange.
  6. Teach Yourself Japanese: Here you can learn the basics of written and spoken Japanese.
  7. Learn Spanish: Knowing Spanish can be a huge asset in many parts of the country, and you can start your language learning here.

Design and Creativity

Designers, creative or just interested parties who are out of work can brush up on their skills while looking for new jobs on these helpful sites.

  1. DigitalArts: Here you can read news and find helpful tutorials on creative technologies.
  2. KillerSites: This site offers visitors a range of tools to learn to design better, more accessible websites.
  3. Media College: Learn to better handle a video camera and edit film through the tutorials here.
  4. Photography Mentor: If you’ve always wanted to learn more about working as a photographer, then this site offers some indispensible advice.
  5. Adobe InDesign Tutorials: Check out this resource to learn how to become an InDesign pro.
  6. Website Tips: Those who’ve never built a website, or those who just want to know more about it, can find helpful tips and tutorials here.
  7. Online Web Design Course: Learn the basics of designing a website through this free web design course.
  8. QuarkEd Training: Knowing how to use Quark is a pretty big deal for many working in the design field, and the company offers free lessons here.
  9. Designer Today: Here you can not only get updates on big design topics but also find hundreds of Photoshop tutorials.
  10. PlanetPhotoshop: This website will help you learn to master both the fundamentals and more advanced aspects of Photoshop.

Finances

Managing money is important when you don’t have a steady stream of income, and these sites will teach you what you need to know.

  1. Money 101: This site from CNN will help you learn all about the basics of managing money.
  2. MoneyManagement.org: Here you’ll get a chance to build up your skills in money management through a series of courses.
  3. WIFE: While geared towards women and families, this site offers great saving advice for people of all kinds.
  4. Motley Fool: Learn more about investing and tracking the markets on this site.
  5. WikiInvest: If you’ve never paid much attention to the markets, this site offers a wealth of information.

Multi-Subject

These sites offer a wide range of educational videos that will help you learn basic skills, work better and keep busy in your down time.

  1. Video Jug: From eating sushi correctly to helpful business skills, this site offers some great video tutorials.
  2. TrickLife: This site is home to thousands of tutorials that will help you fix up your house, promote your business and just about anything else.
  3. MyTutorials: On this site you can search through existing tutorials or suggest one of your own.
  4. Wikiversity: With almost 12,000 learning resources, this site offers a chance to learn about physics, business and much more.
  5. Tutorial Ninja: The tutorials on this site are mostly tech-focused.
  6. SuTree: Check out this site to watch thousands of instructional videos.
  7. eHow: Formerly Expert Village, this site offers a range of instructional videos and articles.
  8. Instructables: This site focuses on DIY projects, from creating great Halloween costumes to other fun ways to use your free time.
  9. 5min: All of the tutorials on this site are five minutes and under.
  10. Find Tutorials: Use this site to search through thousands of educational tutorials.
  11. WonderHowTo: This how-to site is full of great and often practical instructions

Source: Onlineuniversities.com

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GMAT Test Format

The GMAT test is formatted into four timed sections. The first two sections are essay-style, and the final two sections contain multiple choice questions.



Test Section

Test Sub Section

Questions

Time

 

 

 

 

Analytical Writing

 

 

 

 

-Analysis of an Issue

1

30 min.

 

-Analysis of an Argument

1

30 min.

OPTIONAL BREAK

 

 

 

 

 

 

 

Quantitative

-Problem Solving

-Data Sufficiency

 

37

75 min.

 

 

 

 

OPTIONAL BREAK

 

 

 

 

 

 

 

Verbal

-Reading Comprehension

-Critical Reading

-Sentence Correction

 

 

41

75 min.

 

 

Total Time

210 min.

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All you wanted to know about educational loans

What can an educational loan be used for? In other words, for what courses can an educational loan be obtained?

Educational loans are available for higher education (full-time graduate or post-graduate course) in technology, engineering, architecture, medicine, management and applied or pure sciences, including mathematics and statistics. It is best to check with the bank you are interested in getting the loan from, if the course you are going in for is covered under their educational loans.

Who gives out such loans?

Most of the financial institutions and banks give out educational loans. However, it is the public sector banks that are at the forefront of such loans.

Who is eligible for the loan?

Only the individual opting for higher studies can go in for the loan.

What is covered under the loan?

  • Tuition fees payable to college/school
  • Examination / library / hostel charges
  • Travel expenses
  • Purchase of books /equipment /uniform
  • Cost of two-wheelers (optional)

What is the maximum amount lent by the bank?

The amounts given by different banks vary. Typically, for studies within India, the maximum amount is between Rs. 7.5 lakh and Rs 10 lakh. For education abroad, the maximum loan amount is Rs. 15 lakh to Rs. 20 lakh.
However, many banks cap the maximum amount at Rs. 20 lakh.

What is the interest applicable on Educational loans?

Again, the interest rates vary from bank to bank and depend on the amount of the loan taken. Typically, interest rates on educational loans range between 11.25% and 13.5%.

Are there any other fees applicable while taking this loan?

Banks charge you processing fees for approving the loan and basically doing all the paperwork. These fees range between 2.25% and 2.50%.
Another charge or more appropriately expense that you would most probably need to bear is the margin amount. Normally, banks do not approve the loan that would cover the entire cost of your education. For example, for a loan of Rs. 10 lakh, the bank would approve only 80% or Rs. 8 lakh. The additional Rs. 2 lakh that you would have to raise from your own sources is called the margin amount.

What are the documents required while applying for the loan?

The required list of documents may vary from bank to bank. The most common documents would be:

  • Proof of admission (educational loan cannot be applied without proof that admission has been secured in the selected institution)
  • Schedule of fees from the institution
  • Mark sheet of the last qualifying examination
  • Photographs

If the applicant is earning then:

  • Bank account statement
  • Income tax assessment order of last 2 years
  • Proof of income
  • Brief statement of assets/liabilities

Do I need to provide a guarantor or any other kind of security?

For smaller amounts of loans (amounts upto Rs. 4 lakh) banks do not ask for any guarantor or security. However, most banks ask for either a guarantor or for some kind of security such government securities,gold, shares, other investments etc.

When does an individual start repaying the loan, and how much time does he have to do it?

Most banks ask you to start paying off the loan either six months or one year (varies from bank to bank) after you complete the course or six months after you have secured a job, whichever happens first.
Again, depending on the bank, you get around 10 to 15 years to pay off the loan. It is important to remember that the higher the amount, the longer you get to repay. Ofcourse it also depends on your income and how much you are willing to shell out towards this debt on a monthly basis.

Are there any tax benefits for educational loans?

Under Section 80 E of the Income Tax Act, you are eligible for rebate on the interest (not on the principal) you have paid on the loan. Moreover, the best part is that there is no limit to this amount. This deduction once applied only for self-education, but now this facility is extended for the education of relatives; relatives include only one’s spouse and children.
This deduction is allowed for 7 years and the loan must be taken for higher education purposes only. Moreover, the loan has to be from a financial institution or a government approved charitable institution.

Adopted from : Sify

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Ranking of Financial Engineering / Mathematical Finance MS Programs



 

Rank

School

Program

Tuition$

Type

Duration

 

 

 

(000)

 

Years

1-5

Carnegie

MS Computational Finance

74

FT/PT

1.5 

1-5

Columbia

MS Financial Eng

47

FT

1

1-5

Princeton

MS Finance

73

FT

2

1-5

Stanford

MS Financial Mathematics

37

FT

1

1-5

U of Chicago

MS Financial Mathematics

45

FT/PT

1

 

 

 

 

 

 

6-10

Baruch

MS Financial Eng

20

FT/PT

1.5

6-10

Columbia

MA Maths of Finance

35

FT/PT

1

6-10

Cornell

MEng  FE concentration

37

FT

1.5

6-10

New York U

MS Mathematics in Finance

46

FT/PT

1.5

6-10

UC Berkeley

MS Financial Engineering

50

FT

1

 

 

 

 

 

 

11-15

Boston U

MS Mathematical Finance

38

FT/PT

1

11-15

GTech

MS Quant & Compu Finance

50

FT/PT

1.5

11-15

NC State

MS Financial Mathematics

36

FT/PT

2

11-1

IL Urbana Cham

MS Finance

40

FT

1

11-15

U Michigan

MS Financial Engineering

57

FT

1.5

 

 

 

 

 

 

16-20

Claremont

MS Financial Engineering

59

FT/PT

1.5

16-20

Rutgers

MS Mathematical Finance

45

FT/PT

1.5

16-20

Rutgers

MS Quantitative Finance

69

FT/PT

2

16-20

US California

MS Mathematical Finance

35

FT

1.5

16-20

U of Toronto

MS Mathematical Finance

CAD 37

FT

1

 

 

 

 

 

 

21-23

FL State

MS Financial Mathematics

46

FT/PT

2

21-23

Kent State

MS Financial Engineering

32

FT

1

21-23

Purdue

MS Computational Finance

49

FT

2

 

 

 

 

 

 

 

Source : Quantnet

 

 

Related Posts :

Quantitative Finance Masters Program Rankings

Financial Engineering - Financial Mathematics - Quantitative and Computational Finance Defined

Academic programs in Financial Engineering/Financial Mathematics

Doctorate Degree Programs focused on Quantitative Finance / Derivatives

Financial Engineering

UK Schools offering Financial Engineering Programs

 

 

 

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Non-competitive engineering schools

Safe Schools for undergraduate engineering students:
 

John Brown U,  AR

Cal Poly Pomona, CA

Cal State Chico,CA

San Jose State University, CA

University of the Pacific, CA

Mesa State College in Grand Junction, Colorado

Embry-Riddle U, FL

FL Institute of Technology, FL

Bradley University, IL

Valparaiso U in IN

Wentworth Inst of Tech,  MA

Montana Tech, Montana.

Calvin College, MI

Mount Olive College offers a pre-engineering program and most of  their students transfer to NC State University

Ole Miss

Clarkson in Potsdam NY

Hofstra,  NY

Ohio Northern University

Drexel U, PA

Pennsylvania College of Technology in Williamsport

Christian Brothers, Memphis, TN

LeTourneau U, TX

Gonzaga University

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Top 30 Community Colleges



 A novel way to cut your study expenses

It is quite common for students to seek admission to 4 year institutions for visa purposes and transfer out to a community college or a less expensive college after their first semester.

There is the perception that a student visa to attend a 2 year community college would be rejected.
These students, thus obtain a student visa based upon admission to a 4 year institution and then transfer out after the first term to community colleges around the USA.

Some XXX undergraduate students were recruited over the past 3 semesters from a country in Asia.
Soon after they arrive on campus,
1. They freely admit that their intent is to study only one semester there.
2. They have plans to transfer to community colleges, usually located in large cities, after their first semester.
3. When asked why they chose the first college, they indicated that it was one of the colleges which has the reputation of resulting in a successful visa application.
4. When asked why they are transferring to a community college, the answer has been that its cheaper and that they had friends/relatives nearby.
5. Some admit freely that the community college being in a large urban area afforded them the opportunity to work off campus, and such jobs were easy to find.
6.When asked why they would not stay, they say they could not afford the larger college

 

Top 30 Community Colleges

 

 Ranking

College

State

1

Atlanta Technical College

GA

2

Cascadia Community College

WA

3

Southern University at Shreveport

LA

4

Southwestern Community College

NC

5

Hazard Community and Tech College

KY

6

North Florida Community College

FL

7

Wisconsin Indianhead Tech College

WI

8

Southeast KY Comm. & Tech. Coll

KY

9

Zane State College

OH

10

Abraham Baldwin Agricultural Coll

GA

11

TX  State Technical College-Marshall

TX

12

Lake City Community College

FL

13

Itasca Community College

MN

14

South Piedmont Community College

NC

15

Vermilion Community College

MN

16

Hawaii Community College

HI

17

Ellsworth Community College

IA

18

Chipola College

FL

19

Martin Community College

NC

20

TX State Technical College-West TX

TX

21

South Texas College

TX

22

Skagit Valley College

WA

23

Valencia Community College

FL

24

Mira Costa College

CA

25

FL Community Coll at Jacksonville

FL

26

NH Comm. and Tech. College

NH

27

Frank Phillips College

TX

28

Mesabi Range Comm. and Tech. Col

MN

29

Northwest Vista College

TX

30

New Mexico State University-Grants

NM

 

 

 

 

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