Monday, May 9, 2011

Most students to take an education loan

Interest rates are favourable in the US. However, either the university or a greencard holder should be a guarantor.Planning to study abroad? Most students' first thought would be to take an education loan. And, the cheaper the rate, the better.For students applying to US universities, there is another option to garner funds. Provided they have a guarantor a green card holder or, in some cases, if the university stands the guarantee they can avail the loan in the US itself.

According to data from the Open Door Report published by the Institute of International Education, US was the preferred destination for Indian students, with 104,897 of them opting for courses in 2010.

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