Student loan
-
Do I need a student loan? If so, why do I need it?
-
Hey Aarti,
The answer to this question depends on a lot of factors-- The first thing you need to do is pick a course
- Then, shortlist the country you want to study in
- Find a few universities with a good ROI
- Once you have reached this step of the process, you will be able to see how much money you’ll have to spend while studying abroad.
Now that you have this amount in hand, check if your and your parents’ savings are enough to cover more than half of your education expenses. If not, you will be needing a student loan for abroad studies.
When you apply to universities abroad and get an admit, the institution will ask you to share proof that you have enough money to spend on your studies. The kind of documents you have to show for proof will depend on which country you have applied to.
