According to a recent survey by the fin-tech website Prodigy Finance, almost 67 percent of Indians favor the United States for higher education.
According to the report on the State of Higher Education in the Study Abroad Market, Indian students choose the UK and France (8%) for pursuing their master’s degree abroad.
Maharashtra (20%), Karnataka (15%), Delhi (12%), and Telangana (12%) were the states with the most students who went abroad for higher education (8 per cent).
According to the survey, nearly 70% of those who went abroad for higher education last year were men and 30% were women.
According to the report on the State of Higher Education in the Study Abroad Market, Indian students choose the UK and France (8%) for pursuing their master’s degree abroad.
The research also discovered that Northeastern University, the University of Texas at Arlington, and Stevens Institute of Technology were the most popular universities for engineering classes, while Georgetown University, the University of Toronto, and the University of Rochester were the most popular for MBA programmes.
Since most families went through a financial recession after a national lockdown last year, there has been a lot of confusion for students going overseas for higher education.
Regardless, in 2020, there was a 41% increase in approvals compared to 2019.
As compared to the 55% loan disbursements in 2019 after the 108 percent rise in 2018, this is very important.
In the year 2020, Prodigy Finance will have disbursed approximately Rs 30 lakh in loans for higher education to each student.
Students, parents, and educational institutions all over the world faced a number of obstacles in the year 2020. It also caused financial markets to contract, limiting the amount of capital we could provide to students quickly last year.
”We can expect a 30-35 percent growth in 2021 as compared to 2020,” said Mayank Sharma, Country Head India, Prodigy Finance, in a statement on Tuesday. “As international boundaries begin to reopen steadily in 2021 and campus learning looks good in the next quarter looking at the vaccine push, we can expect a 30-35 percent growth in 2021 as compared to 2020.”
Prodigy Finance has also recently collaborated with six international colleges to provide Indian students with access to a global portfolio of 800 colleges and 1000 post-graduate courses.
The firm has now aided 20,000 students around the world, and it now plans to disburse more than $1 billion in loans to over 20,000 eligible Indian students over the next three years.
Add comment