International education has become highly demanded recently. Also the global recession has led to the rise in the total cost of education. As a result international education has become extremely expensive for students around the world. Due to the high cost of education, students are taking education loans from government or private money lending institutions. Students going to the US for higher education have topped the list with an average loan of Rs.40 lakhs. Australia gained the second spot with an average loan of Rs.33 lakhs per student. Countries with lowest average loan include Germany with an average loan amount of Rs17.71 lakhs.
