How much personal money do I need to arrange and how much loan will I have to take for studying abroad for a Master's?
You will typically need to arrange a mix of personal funds and an education loan to cover your master's studies abroad.
- Personal funds: It's recommended to have at least 5 - 15% of your total estimated expenses (tuition plus living costs) as personal funds. This is often required for your visa application and shows financial stability.
- Education loan: Indian banks usually offer education loans that can cover up to 100% of your tuition fees and living expenses. The exact loan amount depends on your chosen country, university, and program costs.
For a clear estimate, calculate your total tuition and living expenses for your preferred destination, then plan your personal contribution and loan accordingly.
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