HTIR (USA)- the world’s largest American provider of work-study opportunities in the U.S today announced its merger with The Paras Education Foundation that is based in Mumbai, India and is the largest facilitator of student education loans. The new company registered in the state of Oregon, USA is called HTIR - PARAS Company with offices in both the U.S. and India and a vast agent network throughout Asia.

The merger of the two companies signals joint global efforts to assist students around the world to achieve their educational dream of a degree from an accredited foreign university without worrying about excessive financial burden to pay for their education. HTIR - PARAS Company will serve, through one company, the needs of all international graduate candidates desiring study, employment and financing in the U.S. HTIR (Hi Tech International Resources) was originally founded in 1994 by Mr. Fred Brandenfels, an American lawyer for the purpose of placing international professionals in employment positions in the U.S. Over the years, HTIR developed into a company which combined the elements of employment in the U.S. with graduate study opportunities—resulting in the name—HTIR Work-Study, USA. The processing of applications and obtaining acceptance to the work-study universities, and the securing of student loans quickly is a high priority for the new company and a unique feature of their service for international applicants.

HTIR-PARAS Company will assist international students in obtaining their Masters degree in universities which allow full time paid off-campus employment with American companies during the entire duration of their Master degree programs. Typically, such universities give work permits to the students to work full time during the day, and classes are offered in the evenings and on week-ends so that students can earn and pay for their tuition. “The merger of our companies will allow us to help potential students that have given up their dream for a foreign education either due to lack of financing or inability to find flexible study options”, said Mr. Fred Brandenfels, CEO, HTIR Work-Study, USA. As employment is related to each student’s curriculum or field of study and is legal for the entire length of the student’s Masters degree program, this gives the student the opportunity to apply to practical use his/her theoretical knowledge.

The Paras Education Foundation, established in 1999 by the joint father-son team of Mr. Aroon and Hetav Sanghavi, has facilitated over 10,000 student loan applications in the last 12 years, becoming the premier foreign education financing consultancy in Asia-Pac region. It has helped students arrange student loans from foreign banks for their tuition ,living, food ,insurance etc. With flexible repayment options upon graduation, this has helped thousands of students till date. “We believe the combination of working full time and getting paid American wages equal to US employees through this Curricular Practical Training (CPT) program, allows students to study and put to practical training their learnings in the classroom”, said Mr. Aroon Sanghavi, Founder, Paras Education Foundation. “The student loans we can help arrange for students would also relieve the students of the burden of paying their tuition as they can earn enough for personal expenses and repay their loan after graduation once they start working”, he said.

Alternative payment plans for students who do not wish to seek student loans or who do not qualify for such loans are also available. This is in the form of reasonable monthly “pay as you go” installment payments with 0% interest without any physical,collateral,mortgage or security whereby the students can pay directly to the universities, using the earnings received from the students’ full time employment.

Students and/or parents interested in this loan program can learn more by visiting http://www.htir.com or http://www.isloan.org. For further details, you may also contact our Asia Pac office at: info@isloan.org or coopadmin@htir.com. Or contact us by phone on (+91-22) 22831637 / 38, 22832097