Pay through the nose and money down the drain for studying abroad

The declining value of rupee and economic slowdown has badly hit the students who are studying abroad or those who are planning to move abroad to pursue higher studies in terms of cost. Education from abroad is now a costlier affair, especially for the middle-class students. Applying for education loan has become essential.

“This condition has turned foreign education a luxury affair, not something for the middle class to have as parents need to pay more to send their children to good universities,” says Neha Racch, senior counselor at Apex Consultants.

“The impact is visible as there has been a 20 per cent decline in the number of students applying for higher courses in the US, the UK and other countries,” says Racch.
Strict visa norms and stringent immigration policies are some other factors making dream of education from abroad gloomy.