New Delhi, 22nd July, 2024 – ETS, the world’s largest educational assessment, research and measurement organization and owner of tests such as TOEFL® and GRE®, has entered into a strategic partnership with HDFC Credila Financial Services Limited (‘HDFC Credila’), India’s leading education loan provider. The collaboration aims to enhance accessibility for Indian students who aspire to study abroad and enable them to make a smoother transition to international academic institutions.
Under the partnership, subject to certain terms and conditions, GRE® or TOEFL® test takers from India will receive a cashback upto RS 19,110/- in the form of gift vouchers provided they avail HDFC Credila education loans. This partnership aims to make the study abroad journey more accessible for Indian students besides helping them secure admission to best universities abroad as TOEFL® and GRE® are the most widely accepted tests globally for admissions.
Additionally, HDFC Credila will co-promote ETS India’s existing TOEFL® and GRE® scholarships, including the prestigious TOEFL® India Championship, GRE® India Contest and the TOEFL® UK-India Scholarship. These scholarships and contests have a cumulative prize money of approx. INR 50 lacs, will greatly expand the chances for meritorious students to pursue their academic goals overseas.
Omar Chihane, Global General Manager for the TOEFL® Program at ETS, expressed his enthusiasm, stated, “This partnership with HDFC Credila represents a significant milestone in our mission to support Indian students in helping them realize their study abroad dreams”.
Sachin Jain, Country Manager India and South Asia at ETS added, “By providing cash back of GRE® or TOEFL® test fees and promoting scholarships amongst Indian students, ETS aims to make international education more accessible and equitable. Additionally, the financial assistance provided through HDFC Credila’s education loans, combined with ETS India’s scholarships, will significantly reduce financial barriers for Indian students. “
Hitesh Parashar, Chief Business Officer HDFC Credila, added, “Our partnership with ETS India aligns with our mission to provide education loan solutions to Indian students. We are pleased to offer the TOEFL® and GRE® test fee reimbursement and co-promote scholarships that will undoubtedly benefit a large number of students. Together, we aim to make the dream of studying abroad more accessible and attainable for Indian students.”
This collaboration aims to empower more students to achieve their academic dreams abroad, ensuring a seamless journey from preparation to admission.