Study abroad loans can be worthwhile if they enable access to higher-quality education or specialized programs unavailable locally. They cover tuition, living expenses, and travel, easing financial strain during studies. However, borrowers must assess interest rates, repayment terms, and potential post-graduation earnings.
Loans are justified if the degree enhances career prospects significantly. Compare lenders for favorable terms and explore scholarships or grants first. Default risks and long-term debt obligations require careful consideration. Weigh the investment against expected returns to make an informed decision.
