RBI decreases dollar limit for students going abroad: Need not to - TopicsExpress

RBI decreases dollar limit for students going abroad: Need not to worry as the new limit of $75,000 per year can cover two year fees and living expenses in 80% of the US colleges. Students can also explore the option of borrowing from the banks in their destination country. Large banks like the Bank of America do extend cheaper loans at an interest rate of around 7-8% to international students on the condition that a US citizen or a Green Card holder is a co-signor (guarantor). Students should also look for options to secure scholarships and tuition waivers. Similarly, they can also try to get subject credits by shortening the duration of the course. Most international students do not take break during the course of study and complete the required credits faster as it helps them reduce the course duration and also save on the travel costs. For more details I am always there: Your Anuj Kalra

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