Rising female study abroad applicants rates for higher education

Unveiling the surge in female study abroad applicants

In recent years, students aspiring to study abroad have notably shifted the demographic landscape. According to data from education consultants, there has been a significant increase in the number of female study abroad applicants in India. What’s striking is that major cities and small towns alike are experiencing this surge. The data reveals that applications from female students have risen from 20-30% in FY21 to an impressive 40-45% in FY24.

Rise in female aspirants seeking education loans

This surge in applications comes with a rise in female study abroad applicants seeking financial help. This reflects their growing academic ambitions. Accessible education financing is crucial for empowering these aspirations. Companies offering financing report a notable increase. The number of women applying for education loans has gone up. It rose from 25-30% in FY21.

Insights from loan providers

Insights from loan providers further underscore the rising trend. Akshay Chaturvedi, founder of Leverage.biz, highlights a rise in female loan applicants. From September 2022 to September 2023, the rate jumped from 31% to 40%. Avanse Financial Services echoes this trend. As of FY24 to date, 34-36% of funded students are women. This marks a significant increase in female participation in education funding.

Empowering women in non-metro cities

Contrary to any urban bias, the data reveals that nearly 45% of students funded from non-metro cities are women. This marks a considerable rise from 34% in FY21, highlighting that the trend extends beyond metropolitan areas. The scope of educational aspirations among women is expanding. This trend is evident in both major cities and smaller towns. It serves as a testament to the changing landscape. The evolution is happening within India’s higher education sector.

A societal shift towards gender equality

Societal shifts towards gender equality and empowerment have changed the study abroad demographics, particularly causing a surge in female applicants. As women seek enriching experiences abroad, dedicated scholarships, funding opportunities, and a changing societal mindset are facilitating their pursuit of higher education on the global stage. The numbers speak volumes, indicating a promising future for Indian women in the realm of international education.