As more students are deciding to pursue their education abroad, the demand for education loans is also increasing. According to Prodigy Finance, which is a UK based FinTech company, there has been a 98% growth in the first three months of 2022 as compared to the first 3 months of 2021. The growth can be accredited to tier II and tier III cities like Vijayawada, Visakhapatnam, Guntur, Warangal and Tirupati among many more. Students on average applied for a loan amount of $42000. Due to the pandemic, the global education market saw a drought for nearly two years and affected the global education ecosystem severely. Now as the things are getting back on track students are again opting for study abroad opportunities.
