Can I get a loan for studies if my family has low income and limited assets in USA?

Yes, you can apply for an education loan to study in the USA even if your family has low income and limited assets.

- Indian banks: Many offer education loans for studies abroad. For loans up to ₹7.5 lakh, collateral is usually not required, but a co-applicant (often a parent) with a steady income is typically needed. For higher amounts, collateral may be necessary. Admission to a recognized U.S. university and a strong academic record are important.
- U.S. lenders: Some, like MPOWER Financing, provide loans to Indian students without needing a U.S. co-signer or collateral. Eligibility depends on your chosen university and academic profile.
- Scholarships: You may also be eligible for scholarships or grants, which do not require repayment.

Loan terms, interest rates, and eligibility are subject to change. For personalized guidance based on your profile, connect with your LeapScholar counsellor.