Are student loans available for studying abroad and how do they work regarding interest payments?

Yes, student loans are available for studying abroad, including for Indian students.

These loans typically cover tuition, living expenses, and other study-related costs. Repayment usually starts after a grace period (the course duration plus 6 - 12 months is common), giving you time to find a job.

- Interest during studies: Some banks require you to pay only the interest during your studies (moratorium period), while others add the unpaid interest to your loan amount.
- After graduation: Once the grace period ends, you repay both the principal and interest. Repayment terms can extend up to 15 years, subject to change.
- Interest rates: Rates and terms vary by lender and are subject to change.

Eligibility generally requires confirmed admission and a co-borrower. For guidance on loan options and next steps, connect with your LeapScholar counsellor.