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How to find scholarships?

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Every year as the admission season approaches, there is always a breed of scholarship hunters that begin its prowl. Yes, you are right. This breed is that of the international students. Some are well prepared to negotiate through the turbulent waters, and there are some- not so savvy- believe every litter spread over the internet and get disappointed and do not even apply. You will not get anything unless you apply.

So in this post, we will discuss some to dos that will help you find some highly sought after forms of financial aid.

Sharp drop

In the recent years with currency depreciation, the British Council calculated the average increase in cost of studying in the US, the UK and Australia. It was found that for the US, the increase was by USD 10,780, for the UK by USD 9,156, and for Australia by USD 11,629.
This is really discouraging for the Indian students.
The Good News
In response to this, did you know that the UK launched 370 scholarships in the year 2013, just to encourage Indian students?
Recently, US news reported that 345 US colleges offered financial aid to international students.

Research

As you go through a university website, it would dawn upon you that how hard it is. Innumerable scholarships, grants and loans are available for domestic students but there is hardly anything for international students. Donít get discouraged Ė you will have to do extra research but finding a scholarship is still doable. Some Universities offer only a limited amount of aid, while some offer students substantial amounts. Some offer need-based, while others offer merit-based ones. Some are offered to students coming from some regions and countries. These vary to a large extent from institution to institution. The only way to know the current updated details is through research. Scholarship criterion also varies greatly from college to college so again thorough research helps. We canít emphasize this enough ó research, research, and research away.

There will be numerous resources but you have to look for them long and hard. Approach the Universities and talk to the admissions office if possible ó they will be able to provide you with updated details.

Where do you fit?

Before you start your hunt, have a look at the scholarships available. Generally, they are classified into these four types:
1. Offered by the Government
2. Offered by the Universities: For the academic year 2012-1023, these were the top ten universities in the USA that offered the most aid: Wesleyan University, Stanford University, Amherst College, Trinity College, University of Chicago, Williams College, Yale University, Skidmore College, Harvard University, and Dartmouth College.
3. Offered by philanthropists and private organizations: Leading establishments like The Reliance Foundation, Tata Group, Sun Foundation, and Aditya Birla Group are just a few of many prominent ones that offers scholarships to students.
4. Offered as research grant (for doctoral study)

Start early!

Early bird catches the worm. This adage is perfectly apt as far as scholarships are concerned. If you go looking for scholarships at the last minute, you are sure to miss the bus. You should start looking for scholarships as soon as you have finalized your specialization and your university short-listing. For the application to some scholarships, some universities may ask you to produce a certification of finances to prove that you will be able to finance your education. Some wonít even consider giving you an admit without this proof. To have all these aspects of your application covered, we advise you to get at it and start as early as you possibly can.

Social networking

Are you a social media addict? Next time youíre tweeting, we suggest you search for scholarships starting here. Youíre always hooked to your smart phone so why not make the best of it? Twitter is a great place to search for things, without having to deal with distracting ads. Or just go on and post a question on facebook and make use of your huge friends list. If you have applied for a particular University, go and like their facebook page and stay in touch with all their updates ó they may not update their website regularly but they will definitely update their facebook page with the latest details. These are a few simple ways to get you started.

Need blind!

There are certain need-blind Universities that offer students admissions regardless of their financial ability to pay and offer those that do not have the financial resources, scholarships and grants! Awesome isnít it? Hereís a list of these Universities: Harvard University, MIT, Yale University, Princeton University, Amherst College, and Dartmouth College. You should check out their entry requirements to see if you are eligible for application. Why miss out if you have a chance?

Brush up on your writing

Did you know that a good scholarship essay really helps you go a long way in impressing the scholarship committee of the Universities? It should be well-structured and get straight to the point. Make sure you cover the essay topic given with supportive points. Once youíre done, have it proof read and spell check it over and over and over (it never hurts to be careful). This whole process could be a time-consuming one, so we suggest you donít wait till the last minute to put pen to paper.

Bring out the leader in you

Youíd be amazed at how many scholarship foundations just love students who can demonstrate good leadership skills. You should include any leadership experience you have had, while applying. This is because Universities understand that leadership skills are as vital as academic skills for you to be a successful professional. This holds to be true especially in the case of American Universities.

Your quick checklist

For successful application of scholarships, here are a few things that you should run a check on:
• Your eligibility
• The mentioned deadline
• Including all requested documentation
• Keeping your referees posted about all scholarships that you are applying for. Some Universities request you to have referees. In such cases, we insist on you picking after careful consideration, as they must highlight your abilities well.

Say hello!

We thought we would familiarize you with a few famous scholarships from around the world to help with your scholarship search:
• Chevening UK Government Scholarships
• Tata Scholarship (Cornell University for Indian students)
• Fulbright-Nehru Masterís Fellowships (for Indian students)
• Fullbright Fellowhips
• Erasmus Scholarships
• Royal Society Grants
• Hubert-Humphrey Scholarships
• The Mahatma Gandhi Scholarship Programme
• Commonwealth Academic Fellowships
• Commonwealth Split-site Doctoral Scholarship

These are a few points we feel would help you get a better idea of how to take the leap to become a scholarship winner! Do you have anything to add to this? Feel free to drop us a line or two ó we would absolutely love your feedback!

 

3 things to consider while reporting or cancelling your GMAT scores

Untitled

With the new scores reporting policies, GMAC is giving you the opportunity to view your unofficial scores before taking a decision: whether to report the scores or to cancel them.

Consider the following 3 points before taking a decision:

1. Which programs do you want to send your scores to?
You test fee includes five free score reports, which must be selected at the test center before you start the exam. Go to mba.com/schoolfinder for a comprehensive list of programs so you can explore the possibilities in advance to reduce any anxiety or stress.

2. What are the minimum scores you will report?
You have only 2 minutes to decide whether you wish to report the scores or you wish to cancel them. So it is in your favor to go prepared with a minimum threshold in mind. The scores will automatically get cancelled if you do not decide in the given time.

3. Do you have time to retake the GMAT if you cancel your scores?
You can take GMAT 5 times a year but only once during a 31-day period. Though you get your unofficial scores instantly, but the turnaround time for publishing the official scores is around 20 days. So, you should know when you need your score and do you have sufficient time to retake the GMAT. Also, if you cancel your scores, but decide later on that you wish to report them, you have 60 days from your test date to reinstate your scores for a US$100 fee.

Preparation is the key to do your best on the GMAT exam Ė and getting a good score will reduce a lot of worries. So start preparing for GMAT now

Subscribe to any of our convenient subscription plans to get the best GMAT Prep.

Remember, we here at TCY are committed to your success.

 

Know your fellow GMAT takersí psychology

GMAT takersí psychology

You might have already figured out what areas on the GMAT are your strongest and have taken measures to bone up on those areas. However you are not alone if you havenít seen any drastic improvements in your score.

Isnít this quite relieving?

Of course it is.

Our research shows that students lose score due to the following reasons:

2

What students do to overcome these problems?

3

This insight into the student psychology and student-behavior is the cornerstone of TCY Analytics.

On TCY Platform, you not only get a plethora of practice tests, but also get a deeper insight into your test-attempt pattern.

You get to know your
• strong areas
• weak areas
• test attempt pace
• proficiency in a particular topic
• percentile score
• log of common errors

How TCY helps you?
• Through expert recommendations
• Through suggested videos
• Through recommended tests
• Through crisp conceptual notes
• Through a plethora of practice tests
• Through score trending
• Through score prediction

Need further reasons?

Subscribe to any of our convenient subscription packs to experience the premium features available.

Remember, we here at TCY are committed to your success.

 

Why the GMAT Matters?

Impotance of GMAT

For over 60 years GMAT exam has mattered, both to get into a B-School of your choice and to embark on a career of your choice.

Today it matters even more.

• GMACís research shows the proven ability of GMAT to predict success in MBA programs.

• A recent article in Quartz suggests that B-Schools can be ranked by the average GMAT Scores of their students.

• The same research also reveals that from a select group of CEOís of Fortune 500 companies, those who attended an MBA program with higher average GMAT scores were likely to earn more in their careers.

It requires patience and perseverance. Study Smart to become GMAT Strong. Here are two tips to help you do your best.

• Plan your prep. Practice with purpose. Plenty of tips and strategies are available for you to stay positive on TCYonline.com.

• Check out the free resources available on mba.com and TCYonline.com, which have a rich repository of tests to help you ace the test. TCYonline.com has also received rave reviews for the Integrated Reasoning Section unique to GMAT. Try it NOW.

We are here to help you do your best.

To perform to the best of your potential, practice more on TCYonline.com.

Subscribe to any of our convenient subscription packs to get full access to our tests.

Remember, we here at TCY are committed to your success.

 

B- School Roundup: US News 2016 MBA Rankings Released

US News and World Report

US News and World Report have released the data for the best Graduate Schools. This gives us the rankings of the Best Graduate Schools but as all the GMAT Pundits keep on saying that these rankings have to be taken with skepticism.

What is most important is the best FIT for you, in terms of your specialization, climate, geography, and budget.

That said here is the list of top 15 Business Schools in the United States, with their average GMAT intake scores:

1. Stanford University GSB 732
2. Harvard University 727
3. University of Pennsylvania (Wharton) 725
4. University of Chicago (Booth) 723
5. Massachusetts Institute of Technology (Sloan) 713
6. Northwestern University (Kellogg) 713
7. University of California, Berkeley (Haas) 714
8. Columbia University 716
9. Dartmouth College (Tuck) 718
10. University of Virginia (Darden) 716
11. New York University (Stern) 714
12. University of Michigan, Ann Arbor (Ross) 704
13. Duke University (Fuqua) 704
14. Yale University 714
15. University of California, Los Angeles (Anderson) 704

You can get the complete list HERE.

Remember that an average score for a Top B-School is not the bare minimum you need to get in --- approximately half of the applicants get into the school with less than that average score.

All said but a healthy GMAT Score adds a lot of weight to your application.

Sign Up for any of our online programs for the best GMAT Prep.

Remember, we here at TCY are committed to your success.

 
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