USA Cost & living - Education loans
42 questions
Expert Answers
What are the criteria to apply for an education loan if my parents cannot support me financially for 25 lakhs?
→What does Trump's new $100,000 H-1B visa fee mean for Indian students hoping to work in the USA after graduating?
→This roughly 100,000 dollar fee, about Rs 95 lakh, could make employers far more reluctant to sponsor entry-level Indian graduates, since the premium only makes sense for rare, senior hires. A federal court has already blocked the original H-1B version, but a similar OPT fee is being weighed.
Should an unemployed MIS graduate in the USA keep searching for a job on OPT or return to India to repay their education loan?
→Stay in the US and stop your ninety day unemployment clock using an unpaid internship, volunteer role or research assistantship tied to your MIS degree. A USD salary clears a dollar loan in one to two years, while an INR salary can take a decade.
How do Indian students who return from the USA without a job plan to repay a large education loan?
→Students without a US job typically pivot to Indian jobs, targeting multinational firms where a foreign degree commands a premium package. They also ask lenders to extend repayment tenure, refinance dollar loans into rupees to remove currency risk, and lean on co-applicant parents plus Section 80E tax relief.
Should Indian students take an education loan for an undergraduate degree abroad, or save loans for a master's instead?
→For most Indian students, saving education loans for a master's is safer than borrowing for an undergraduate degree abroad. A UG loan abroad often runs Rs 80 lakh to 1.5 crore over four years, while a master's typically needs only Rs 20 to 50 lakh over one or two years.
What financial aid options exist for Indian students admitted to NTU in Singapore without the MOE bond scholarship?
→Without the MOE bond, you pay full unsubsidised NTU fees, but you can still access the Tuition Fee Loan for up to 90 percent of the subsidised component, the NTU Study Loan for low-income families, non-bonded scholarships like APEC, and Indian bank loans of up to Rs. 1.5 Crore.
Is a loan funded master's abroad worth it for a tier three CSE graduate aiming at backend or infrastructure roles?
→It can be worth it, but only with discipline. A tier three graduate targeting backend roles gains most from Germany or the Netherlands, where lower salaries around EUR 60,000 to 75,000 come with low debt and clear residency, while the US offers higher pay near USD 110,000 but visa uncertainty.
All Questions (42)
What are the criteria to apply for an education loan if my parents cannot support me financially for 25 lakhs?
→What does Trump's new $100,000 H-1B visa fee mean for Indian students hoping to work in the USA after graduating?
→Should an unemployed MIS graduate in the USA keep searching for a job on OPT or return to India to repay their education loan?
→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?
→What financial aid options exist for Indian students admitted to NTU in Singapore without the MOE bond scholarship?
→Is a loan funded master's abroad worth it for a tier three CSE graduate aiming at backend or infrastructure roles?
→Can an unused education loan be refunded before a university tuition refund is processed after an Australian student visa refusal?
→What are the chances of getting scholarships and how much loan should I take for studying abroad in UK/USA?
→Can you assist me with education loan options through your partner banks if my current loan application is not processed in time in UK?
→What financing options are available for my studies, including loan interest rates and repayment terms in USA for a Master's?
→Are there any other funding options or ideas besides collateral and savings for my education loan in UK/New Zealand?
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