USA Cost & living - Education loans
40 questions
Expert Answers
Is it better to work in India first or go abroad immediately for master's studies considering loan and financial aspects?
→Are loans available without a co-applicant or guarantor for studying in UK or USA universities for a Master's?
→Yes, specialized lenders offer no cosigner loans for a Master's in the UK or USA, basing approval on your admission and future earning potential rather than local credit history. Note that these lenders only fund an approved list of eligible universities and programs.
Are there loan options available for tuition fees in Norway?
→Yes, though eligibility depends heavily on your citizenship. Lanekassen, the Norwegian State Educational Loan Fund, mainly serves Norwegian citizens and those with legal ties like EU or EEA work rights, with up to 40 percent convertible into a non repayable grant if you pass your exams.
Are there special education loan chances for minorities or economically weaker sections?
→Yes, specialized financial support systems and inclusive lending frameworks exist to help minority groups and economically weaker sections access higher education. In India, specific central sector interest subsidy schemes support eligible students. These programs significantly reduce the financial burden by covering loan interest during your study and moratorium periods.
From which banks can I get an education loan for studying abroad?
→You can get an education loan from public banks like SBI and Bank of Baroda, private banks like HDFC, ICICI and Axis, or NBFCs like HDFC Credila and Avanse. Public banks offer lower rates, private banks and NBFCs offer faster, often unsecured, processing.
Do you have any idea about the master's degree, like what subjects are included and what loan options are available in France?
→You have a clear structure to work with in France. Its master's system follows the standardized 2 year LMD framework covering business, engineering, sciences and humanities at schools like HEC Paris. Loan options range from state guaranteed loans up to 20,000 euros to Prodigy Finance for those without a cosigner.
All Questions (40)
Is it better to work in India first or go abroad immediately for master's studies considering loan and financial aspects?
→Are loans available without a co-applicant or guarantor for studying in UK or USA universities for a Master's?
→Do you have any idea about the master's degree, like what subjects are included and what loan options are available in France?
→Can you support me with the visa application process including IELTS, loan, and accommodation in France for a Master's?
→With zero financial support from parents, is it realistic to fund an MS abroad entirely through an education loan?
→Already carrying a three lakh education loan with no property to offer as collateral, what funding options exist for a postgraduate degree abroad?
→What are the criteria to apply for an education loan if my parents cannot support me financially for 25 lakhs?
→How do Indian students who return from the USA without a job plan to repay a large education loan?
→Should Indian students take an education loan for an undergraduate degree abroad, or save loans for a master's instead?
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