Education loan for study abroad: Think of tax advantages, repayment ability and job prospects

Currently, Indian banks are wary of foreign education loans due to stringent US education policies and global economic factors. However, despite a decrease in students studying abroad, education loan portfolios in the country are steadily growing. Experts advise careful consideration of ROI and repayment capability before taking a loan. Secured loans are preferable over unsecured ones for larger amounts due to lower interest rates.