Get Education Loan without Parental Income for Abroad | GyanDhan

by williamair1

Studying abroad can be financially challenging, with substantial cost which includes tuition fees and other related costs. One can expect around INR 30 Lakhs of expense in top countries such as USA, UK and Canada. To afford this big amount students can consider education loan as a financial aid. Still, before going for the education loan for abroad studies, one should know the nitty gritties of it. Education loans has an eligibility criteria among which co-applicant or parental income play an important role in the loan approval. But what if you cannot demonstrate parental income or your co-applicant has a low income? Does this mean you have to give up on your dream of studying abroad?

This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/education-loan/abroad-education-loan-without-parental-income