Can I get education loan for MS in USA?

It can be availed to study graduation, post-graduation and selected degree/diploma courses in the USA. It can also be taken to study courses offered by CPA in USA, CIMA – London, etc. The maximum amount of loan offered by the scheme for foreign education is Rs. 20 lakhs.

Should we take loan for education?

In either case, an education loan is a good idea and a commonly sought after resort. Pursuing higher studies usually involves high fees and an education loan comes in handy at this point. Banks provide education loans for graduation/PG, diploma or professional courses, at attractive interest rates.

Is it worth taking education loan for studying abroad?

Experts suggest that a person should not take an education loan for fancy courses or just to fulfil the desire of obtaining a degree from a foreign university or college. Opting a course just for the sake of going abroad doesn’t translate into a lucrative career.

Is getting education loan easy?

Easily available: Education loans are widely and easily available. In fact, they are a priority product in all banks as per the RBI’s guidelines. Varied loan amounts: Banks can offer loans anywhere between Rs. 2 lakhs and Rs.

Is it worth taking loan to study abroad?

Why take an education loan for studying MS in the USA?

Why take an education loan for studying MS in the USA? An education loan is a sum of money borrowed to finance college or other education-related expenses. Initiated by the SBI in the year 1995, it is now offered by most public and private banks and a few NBFCs. An education loan is of two types – a secured one and an unsecured one.

What is an education loan and how it works?

An education loan is a sum of money borrowed to finance college or other education-related expenses. Initiated by the SBI in the year 1995, it is now offered by most public and private banks and a few NBFCs. An education loan is of two types – a secured one and an unsecured one.

How much does it cost to study an MS in USA?

The fees for MS programs in the US generally range from $10,000 to $80,000 (INR 10 – 58 lakhs) for two years. Some of the top universities (private) charge slightly higher tuition fees and other expenses. A top-grade university like Carnegie Mellon University falls in the higher range ($43000 annually).