How does the student loan process work, including how the repayment is done after getting a job in USA?

You can apply for an education loan to study in the USA through Indian banks or financial institutions. After you secure admission, the loan is typically disbursed directly to your university for tuition and fees.

Repayment usually starts after a moratorium period - commonly 6 months after your course ends or after you get a job, whichever is earlier (subject to change). During this time, interest may accrue.

- Repayment period: Typically 5 - 15 years, depending on lender and loan terms.
- Repayment options: Fixed monthly payments or income-based plans, depending on the lender.
- Prepayment: Most lenders allow you to pay off the loan early without penalty.

If you need help comparing loan options or understanding your repayment plan, connect with your LeapScholar counsellor.