Getting an education loan from an Indian lender is usually preferable since you won't have to worry about currency exchange rates, conversion rates, or other issues. Public banks, such as PNB and SBI, have lower interest rates than private banks.

The yearly interest rate for SBI education loans ranges from 11.75 percent to 13.50 percent. However, the variable interest rates on private student loans range from 3.75 percent to 8.75 percent APR. 

On the other hand, fixed interest rates on federal loans range from 7.24 percent to 12.29 percent APR, which is rather expensive.

NBFCs charge higher interest rates, but they cover the entire cost of tuition and even provide unsecured loans (collateral-free). There is interest rate parity between American and Indian lenders. 

A 10% interest rate on loans in the United States is comparable to a 15%return from an Indian lender. Returning to India while repaying your USD loan will result in you earning in a declining currency and returning twice as much as you borrowed.