Avanse Education Loans (Avanse), a new age education finance company, today announced its association with the Frankfurt School of Finance and Management, a leading business school based in Frankfurt Main, Germany. This association helps those Indian students aspiring to pursue advanced education in the Frankfurt School get financial access to their choice of courses.
It is significant to note that Avanse provides 100% funding for students, considering that the cost of education at Frankfurt ranges from Rs 30 Lakh (31,500 Euros) to Rs 72 Lakh (44,550 Euros) in addition to living expenditure of about 35,000 Euros.
This is Avanse’s first global educational partnership. In India, Avanse already has associations with over 400 educational institutions and consultants across cities offering academic programs ranging from arts, sciences, engineering, management, medicine, music etc. All this within Avanse’s first year of operations.
Mr. Neeraj Saxena, CEO-Avanse Education Loans said, “With India’s overseas higher education market estimated at Rs 80,000 crores, this association with the Frankfurt School marks Avanse’s first step towards enabling quality overseas education for Indian students. We are delighted to have partnered with this prestigious institution, as it provides aspiring Indian students inroads into Germany, which is fast becoming one of India’s most preferred overseas destinations for higher education.”
Avanse will provide loans for various courses at the Frankfurt School including Master of International Business, Master in Quantitative Finance, Master of Finance in India & Frankfurt, Master in Management, MBA in International Healthcare Management, Business Administration - Undergraduate Course, International Business Administration - Undergraduate Course amongst others.
As a value-added service, Avanse provides a special ‘International Students Identity Card’, which will offer a host of discounts for students while purchasing books, periodicals, food retail etc while their stay overseas.
About Avanse Education Loans:
Avanse Education Loans, a new age education finance company is an Associate Company of Dewan Housing Finance Corporation Limited (DHFL), India’s second largest private housing finance company. The International Finance Corporation (IFC), an arm of the World Bank holds 20% equity stake in Avanse.Avanse is a Non-banking Finance Company (NBFC) and is regulated by the Reserve Bank of India. The company was conceived with the aim to enable financial access to deserving students, thus enabling every student to pursue their right to advanced education of their choice. The word ‘Avanse’ has been derived from the French word ‘Avance’, which means ‘to advance’. This meaning has become the cornerstone of the brand promise, which encourages students to chart out the course to their future. The essence of the brand has thus been distilled and well encapsulated in the tagline: “Aspire without Boundaries”.
Avanse provides financial assistance through Avanse standalone offices and also through the DHFL network offices. The Company funds students travelling to all key international advanced education destinations including US, UK, Australia etc. With Avanse’s efficient servicing network established across the world, servicing students in their overseas destinations is a differentiator for the Company. The Company has been enabling access to easy and fast funding for aspiring students who wish to study overseas.
About Frankfurt School of Finance & Management:
The Frankfurt School of Finance & Management is a leading private business school based in Frankfurt am Main, Germany. Ranked 27th in the Financial Times Global Ranking, the school has 86 regional education centres throughout Germany and various joint ventures and programs abroad. Frankfurt offers top class degree courses and continuing education options in seven different program divisions. They maintain four specialist research centres and run numerous international consulting projects. All educational, research and consulting activities are focused on finance and management. By finance, Frankfurt means cross functional financial activities at all companies that deal with financial management. And by management, they mean classical corporate leadership, where managers deploy employees and resources in such a way that the company’s goals are met as cost-effectively as possible.