How can I convince my parents about studying abroad, including explaining the education loan and scholarship process?
Yes, you can convince your parents by addressing their concerns and sharing a clear plan for funding your studies.
- Education loan: Public sector banks typically offer loans for studying abroad, covering tuition and living expenses. Loans up to ₹ 7.5 lakh usually do not require collateral; higher amounts may need security. Interest rates and loan limits are subject to change.
- Scholarships: Many universities, governments, and organizations offer scholarships for international students. These can ease the financial burden and are awarded based on merit or need.
Discuss safety, career benefits, and keep your parents involved in the planning process. If you need help explaining specific loan or scholarship options, your LeapScholar counsellor can assist.
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