Education loan for MS/MBA Abroad: 2 Common Misunderstandings | GyanDhan

Challenges for MS and MBA aspirants aiming for top universities abroad are boundless. Often education loans add to your list of worries, particularly with several misconceptions going around. Here, we debunk a couple of such myths:

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what are the expenses covered by education loans? Can we include test fees of GRE and TOEFL in the list of expenses?

Education loan generally covers every expense that you incur during your study period, such as tuition fees, living expenses, accommodation, flight tickets, books, equipment, etc. Fees of GRE and TOEFL are not included in the loan amount because the tests are usually given a year before the loan is taken.