Does the cost of living depend on the university and affect loan approval?
06 Aug 2026 · Answered by Gangadhara N S · 1 min read
Yes, the cost of living depends on the university location and does affect loan approval.
Banks and financial institutions factor in the total estimated expenses for your studies, including tuition, rent, food, transport, and other personal costs. If your university is in a city with a higher cost of living, the approved loan amount may be higher to cover these expenses. Your choice of university indirectly impacts both your loan approval and the total amount sanctioned.
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