Falling Re puts foreign study costs under the scanner

Loans for US studies fell 20-25% first half of this year. istock photo:

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US universities and the government have unnerved many parents in India and this led to a 25-50% drop in applications for loans to study in the US in the first half of the year.

The result was that many deferred their course by a semester, while others opted for destinations such as the UK, Canada, and Australia.

A weaker rupee will add to their troubles, as well as for those who have graduated and returned to their hometowns while still searching for a job.