Studying abroad has become a very popular trend in India. As we all know that studying abroad is expensive at quires a lot of investment. Many students do not have the required investment to make in education. For that they choose to take study loans. According to recent data, it has been found that there has been a 215% rise in the number of study abroad losses that students have taken from 2012 to 2022.
There was a major fall in study abroad loans during the Coronavirus pandemic period. But as soon as the restrictions were uplifted, students started taking these loans in abundance. In the last 10 years around 39,268 crore of student loans has been given to the students of India for higher education. Out of this amount, 1790 crore was distributed to students pursuing medicine in foreign countries. In 2021 to 2022 a student loan of 289,082 crore has been given to students for studying medicine out of the total amount of 7576 crore of student loan. This signifies that the majority of the students who are studying abroad for medicine choose to take a loan.
1676556632.jpg "215% rise in students taking education loan to study abroad")