The fall of Indian rupee against US dollar and UK pound came as a jolt to the Indian students who wish to return to their campuses after their Summer vacation. They will have to arrange more funds to finish their courses for getting their dream jobs.
Freshers could have the option to delay their admissions until the rupee settles down. However, the existing students in renowned Universities have no other option but to bare with rise in their overall expenditure to 20 percent. To face this current situation, Students have been seeking more loans and working more hours to replay them. Many people have even cancelled their holiday trips to tourist locations due to the fall of rupee. Most of the Indian students who wished to come home for Christmas this year decided to cancel their tours and work more during that period.
Indian banks are contemplating on providing additional loans to help the students finish their courses and also the repayment period of the educational loans is going to be extended.