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Education Loans and Financing Tips for Study Abroad

The dreams of pursuing higher education from top universities abroad are catching up amongst the new-gen youth like wildfire. This is the time of the year when a majority of study abroad aspirants would have received the acceptance letters. However, the financing part (especially, education loans to study abroad) remains a major concern among the students and parents in India. So, how to fund study abroad?

Introduction: Why Education Loans?

Education Loan to Study Abroad
Image Source: SBI

Scholarships and financial aid are definitely there. But, more often than not, they don’t cover the entire costs of abroad education. Education loans are good alternatives and provide tax benefits as well.

Now, the education loan is a matter of high complexity in India. Then there are other factors as well that have a major impact on the loan and the repayment amounts.

In this post, we will talk about the major things you should know while opting for education loans to study abroad. Moreover, we will also look at other important aspects of study abroad financing – bargaining financial aid, paying loan early, tips on dealing with fluctuating currencies, and reducing expenses while studying abroad.




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