The total cost of my course is GBP 24,000 or roughly INR 24,80,000. However, I am struggling to find sources to fund my studies.
Owing to the lockdown imposed in March 2020, my mom lost her job as a school teacher and my dad’s business, which was already on the brink of collapse, could not support the family anymore.
I have been managing and taking care of the finances of the family for more than a year now, apart from paying for my own bills. This has exhausted all my savings.
Due to the current situation, my parents could not afford to pay their loan instalments. This in turn led to a drop in their CIBIL scores.
Now that I am applying for an education loan, the banks keep rejecting my application as according to them it is mandatory to include my parents as co-applicants on my loan application. Long story short, I am being denied the education loan citing poor credit rating of my parents, even when I have a credit score of 795 out of 900 (which is a good score). After doing some research, I realised that many other students have also been denied student loans on the same basis and have even filed cases against the banks.
I am stuck in a loop and no bank or NBFC is offering me funding right now. I have talked to so many of my friends and colleagues and they suggested options like Peer to Peer or P2P lending, which could not help me either.
I have weighed all my options of studying next year. Considering the stringent and extremely outdated requirements of banking institutions, I would still require financial support from funds like Milaap to pursue my LLM.
Having exhausted all my contacts and prospective sources of funding, I have come here out of sheer desperation to fund my studies.
I finished my LLB from UPES, Dehradun in the year 2016 with a First-Class degree. From being declared the best batsman and running 4x100m relays to winning quizzes, consistently being a top student in my class, representing my school at international events, and scoring 100% in an advanced certification courses while studying for my undergraduate law degree, I have always participated actively and strived for the best and only the best.
Pursuing this LLM from the University of Edinburgh would enable me to advise major world economies, including my own country, on what kind of trade policies to devise and how to devise them to be able to bring some positive impact.
I wish to do something extraordinary with my career and make a difference to humanity rather than just earning a master’s degree.