How to pick a study-abroad loan amid weak rupee, tougher work visa regime

How to pick a study-abroad loan amid weak rupee, tougher work visa regime

With tighter visa rules and rising overseas education costs, experts say students and parents should borrow cautiously, factor in currency risks and hidden costs, and assess repayment capacity realistically before taking an education loan. Tightening work permit rules Students and families should factor in the impact of tightening rules for working abroad when deciding on their loan amount. “Families can consider rupee-denominated education loans from Indian lenders to reduce currency risks if students return to India, where opportunities in high-growth sectors are expanding,” says Vibha Kagzi, founder and chief executive officer (CEO), ReachIvy.com