Can you tell me about scholarships for abroad studies? Is it mandatory to have 20 lakhs in fixed deposit for abroad studies?
Asked by Rajahpriya Murugan
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1 Answer
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Hi Rajahpriya,
Generally, if you take an education loan, banks will offer you 80% and the rest 20% must be borne by you. Regarding scholarships, it will depend on how much you get, a full scholarship is very hard to get unless you are very bright and also have financial issues. It is wise that you arrange some funds before applying and check with external organisations like Aga Khan Foundation, Inlaks Shivadasani Scholarship, etc., and proceed accordingly.
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