Is partial funding through bank loan and family savings planned for education expenses?
Yes, combining a bank loan with family savings is a common and effective way to fund your education abroad. This approach allows you to use family savings for upfront costs and cover the remaining expenses with a loan, helping to manage your overall financial burden.
You can typically use:
- Home-country education loans from Indian banks, which may require a co-applicant and sometimes collateral.
- International lenders like Prodigy Finance or MPOWER Financing, which usually do not require a co-signer or collateral.
Loan terms, interest rates, and eligibility are subject to change, so review current options before applying.
Got a budget of 40 to 50 lakhs? See what the USA costs.
Full tuition and living breakdown, plus universities that fit your number.
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