Falling rupee, rising tuition cost test Indian students' study abroad plans

Most education loans, however, are on floating rates and vulnerable to currency fluctuations


Vinay Umarji Ahmedabad
It has just been a few weeks since her daughter landed in the US for an undergraduate engineering programme from a sought-after university, but Malini Shah (name changed on request) is already thinking of calling her back.

"When I started preparing for her admission this year, the rupee was at 76-77 against the dollar. By the time I paid the tuition fee for the quarter while sending my daughter for the Fall semester, its value had plunged, and I had to pay an additional Rs 3.5-4 lakh," says Shah, who is a teacher based in Delhi.

Shah has already spent

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First Published: Sep 27 2022 | 2:59 PM IST

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