Is taking loan for education abroad always a viable proposition?
Many students desire to go abroad for acquiring education especially higher education after which they generally get good opportunities to get a job abroad or in multinational companies. But going abroad and getting education in a reputed institute is a costly affair and everyone cannot afford that.Some of those who cannot afford that kind of education abroad have to either take admission in their home country or take loans from bank and fulfill their dream of getting education abroad.
In such cases as the loan amount is high one has to consider about the feasibility of repaying it later and that is a big responsibility. It may not be always a viable proposition.
Should a student, who cannot afford education abroad, go for education loan? What are your views regarding this?
[This is my entry for forum thread a day challenge]