A college loan covers cost of tuition, living costs and insurance, flight costs, and other incidentals. Given the wide variety of choices available today, by putting in some effort, it is possible to find the best deal for your needs. Taking an education loan is also a smart move as you don’t need to break your savings and you get hefty tax benefits.
Are you worried about how to pay for the cost of education in an American university? Well, take heart, the costs need not be as high as you think. Over the years thousands of middle class (and even economically disadvantaged) students from India have managed to pursue Master’s and doctoral programs in American universities. The only reason why so many of them have managed to do so when the cost of higher education in American university can range from 20 to 40 lakhs is the generous financial aid given to students by American universities. With such financial assistance, which is given in a variety of fields, the cost can come down to 15 lakhs or even less!