123 Of Study Loans

Aditya Channe, 24, who belongs to Sawari Jawaharnagar, a small census town in Maharashtra, always wanted to study abroad to pursue a career in digitalisation and worked steadfastly towards that goal. After doing a Bachelor’s in Technology in India, he worked in software development for two years before applying for an MSc degree at Montpellier Business School, France. So, when he got a partial scholarship for a course in Digital Transformation, he was elated. However, that also marked the start of a new challenge—to fund the rest of the expenses through an education loan. Every year thousands of students plan to go abroad for higher studies from India. According to the latest data from the Ministry of External Affairs, the number of students going abroad increased even after the pandemic broke out. More than 1.1 million Indian students were studying abroad in 2021, it said....