How to “ask” for a letter of recommendation from college profs

I was not among the best students of the class. My professors in college probably don’t know me much. I have better relationship with my current reporting manager at my workplace but I heard academic LORs are very important. Please help #applicationprocess

Kent state university vs University of Texas at Arlington which is better for MS in CS?

Which among Kent state university and University of Texas at Arlington is a good university to apply for MS in CS(fall 2022) for an international student #masters #ms

University shortlisting.

Hi, What are the best universities to study at, with the below profile and budget credentials? Graduation CGPA - 9.55 IELTS - 8.0 Budget-25L-30L Haven't been able to decide on the location to pursue MS. Few say US, and others say it's better to study in top universities in other countries than to study in an average University in US(Keeping in mind the budget constraints). It'd be of great help if there are any suggestions. If suggesting the countries other than US, could you also mention the pace of career growth and ROI for the same. Thank you. #suggestions

Bank Loan Review Part 2

Hi guys, Welcome to the 2nd part of the two-part series on education loans. Before opting for any education loan, an applicant must know certain terms, you can get to know all the important terms here: https://yocket.com/feed/important-terms-related-to-loan-you-should-know-from-your-lender-734754 1. Canara bank The interest rate for collateral loans starts at 6.9 to 10 %. The maximum tenure period allowed for a non-collateral loan is 15 years. The moratorium period is 12 months after the course completion or once you are employed (whichever is earlier). Processing fees can be negotiated. The margin amount is 15%. You will have to a hard copy of the form which can be availed at any nearest branch. You will also get a document checklist with the form. Fill out the form. Submit the form with the required documents to the bank. You will also have to fill out an online form on the Vidya Laxmi website. Submit the online form to the bank branch where you have submitted the hard copy of the form. Student documents: PAN card, passport, Aadhaar card, 10th, 12th Graduation all semester wise mark sheet, degree certificate, entrance exam Scorecard, USA university admit letter Co-applicant documents: Pan Card, aadhaar card, salary slips of last 3 months, 9 Months salary a/c Bank statement, latest 2-year form 16, Electricity Property, Sale deed, Sanction layout map, the blueprint of the house property(if the house is collateral, the bank official may come to the house for LSR-Loan to Security Ratio to calculate the loan liability). 2. Leap finance Interest rates start at 8.25% to 9.85% APR, the maximum tenure period allowed is variable, Moratorium period starts after course completion. The exact time is variable, Processing fees at 1.5 to 2 % Student documents: Identification-or KYC documents, Financial proof documents,12th board mark sheet, Certificates of subsequent years of education- graduation and post-graduation (if any), Mark sheet of any entrance exam taken by the student (if applicable), Scholarship documents (if applicable), Collateral documents (Not required by Leap Finance), Affidavit or Declaration that confirms that no loan has been availed from another bank or financial institution, ID Proof (any one of the following): Passport, PAN card, Voter’s ID card, Driving License, Aadhaar card, etc., Address Proof (any one of the following): Driving license, Ration card, Voter’s ID card, Passport, Aadhaar card, etc., Age proof (any one of the following): Birth certificate or Class 10th certificate, Visa approval and travel papers. Co-applicant (Salaried) documents: Address proof, Identity proof, Last 3 months' salary slips or salary certificate on employer’s letterhead, Last 2 years Form 16 from your employer or last 2 years Income Tax returns, CIBIL Report. Co-Applicant (Self-employed) documents: Address proof, Identity proof, Last 6 months' bank statement, Last 2 years' Income Tax Returns, Proof of office (any one of the following: lease deed, utility bill, or the title deed), CIBIL report 3. Prodigy The floating Interest rates start at 6.25% APR. The maximum tenure period allowed is 20 years. The moratorium period is 6 months after the course completion. No early payment changes. Admin fees vary around 5%. Most universities do not require a co-signer, collateral or guarantor required. The margin amount is fixed between 5.5% and 8.5%. Documents: Colour scanned copy of your valid passport, and proof of address must be dated within the last 3 months, offer letter, credit report(optional), job offer, and savings account statements. You can refer to these links for detailed info on prodigy: https://yocket.com/blog/your-3-step-guide-to-getting-a-prodigy-finance-loan-for-american-ms-degrees https://yocket.com/blog/q-a-with-prodigy-finance-borrowers 4. Mpower The maximum tenure period allowed is 10 years. Fixed interest rates start at 10.49%(11.59% APR). The moratorium period is 6 months after the course completion. No requirement for a cosigner, collateral, or credit history. No prepayment penalties. Minimum lap of $2000 to maximum m of $100,000. Pre admits loan can be availed Documents: Resume, Proof of home country address(utility bill), Std. test scores(GRE, TOEFL), offer letter, past transcripts, cost of attendance summary, passport, Secondary home country photo ID apart from passport, Supporting fund evidence(Bank statements within the last 30 days, scholarships, salary slips,), i20(if you have been admitted), previous loan if any. 5. Incred Collateral free loan of maximum Rs. 60 lacs. Maximum loan of Rs. 1.5 crore. Rate if interest for non-collateral loan is 11.75% - 16%. Processing fees are around 1 to 2 %.The maximum tenure of 10 years. No margin fees. No prepayment penalty Student documents: Identity Proof, Address proof, past Academic Record Co-applicant documents: Identity Proof, Address proof, past Academic records, financial documents(bank statement, salary slips) 6. Axis Bank Education Loan The interest rate for collateral loans starts at 11.25%. The maximum tenure period allowed for a non-collateral loan is 20 years. The moratorium period is 12 months after the course completion. The maximum loan amount for non-collateral is Rs. 40 lacs. The maximum loan amount for collateral is Rs. 1 crore. The minimum processing fee is around 0.75%. Margin Money is 15%. Documents: Proof of identity: Voter ID / Driving license / Passport / PAN card / Aadhar card, Proof of residence: Electricity bill / latest Telephone bill / Bank account statement / existing House lease agreement, Proof of income: Latest salary slips showing all deductions or Form 16 with a recent salary certificate, Bank statement/passbook of last 6 months, Proof of secured admission: Admission Letter or Conditional Admission Letter, Relevant mark sheets and passing certificates, Mandatory passport for the applicant (In case of abroad studies), Legal documents of the collateral/ Property documents (In the case of a secured loan) 7. Punjab National Bank Education Loan The interest rate starts from 8.5 to 9.5%. Maximum Loan Amount: Need-Based. Maximum Loan Tenure: 15 Years. The moratorium period is 1 year. No collateral is required up to Rs.7.5 lacs. Margin amount 15%. Processing fees 1%. Student documents: Admit letter from the college, Loan application form, Passport copy, Residence proof- Aadhar Card, Voter ID, etc., Identity proof- PAN Card, Driving Licence, etc., Scorecard of tests such as GRE, IELTS, GMAT, or TOEFL (whichever is applicable), University ranking printout, Past academic certificates, 2 Passport size photos Co-applicant documents; Residence proof- Aadhar Card, Voter ID, etc., Identity proof- PAN Card, Driving Licence, etc., Latest salary slips (for the last 3 months), Income tax receipts of the last 2 years, Form 16 of the last 2 years, Employer’s ID Card (if employed), Balance Sheet for the last 3 years and P&L statement (if self-employed), Proof of Business Address (if self-employed), 2 Passport size photos The rate of interest depends on the profile of the applicant. It’s always best to get quotes from at least 2 lenders before finalizing a loan. The better the profile, the better the terms. If you have any more info that may help others, add it in the comment section below. Also, adding the article link in the comment section for 1st part which has reviews on public banks, HDFC credila, ICICI, Bank of Baroda, SBI, Auxilio, and Avanse. On a personal note - I hope this series gave you a general idea of the loan process with various lenders. Good luck for your study abroad journey and Go Green !!! #loan #masters #ms #bachelors #phd #diploma #admissions #applicationprocess #universityselection #studyabroad #tipsandtricks #USA #UK #Canada #Australia #Germany