2 weeks ago

Visa delays add uncertainty over upfront money spent for studying abroad

Visa delays add uncertainty over upfront money spent for studying abroad
Visa delays add uncertainty over upfront money already spent for studying abroad · thehindubusinessline.com

Many Indian students want to study in other countries like the US, UK, Canada, and Australia.

Before they go, they have to pay a lot of money for things like school deposits and visa fees.

Sometimes, they have to pay this money before they even know if they can go.

If their visa is rejected, they might lose that money.

This is happening more often now because visa rejections are going up.

Some students have to wait a long time just to get an appointment for their visa interview.

Because of this, some students are choosing to start school later instead.

The cost of studying abroad is also going up because the Indian rupee is worth less.

More students are now taking loans to pay for their education abroad.

Even though fewer students are going abroad, more of them are borrowing money to do so.

Key facts

Deposit range
$2000-$5000
US visa rejection increase
At least 10 per cent among students with interviews
US-linked loan disbursement change (FY26)
Fell 57 per cent
UK loan disbursement change (FY26)
Increased 24 per cent
US share of NBFC education-loan AUM (March 2026)
43 per cent (down from 54 per cent in March 2025)
UK share of NBFC education-loan AUM (March 2026)
29 per cent (up from 20 per cent)
Expected NBFC education loan AUM growth (FY27)
20 per cent per CRISIL Ratings

Quotes

Joseph (name changed)

Prospective Indian student applying for a master's degree in the United States

“"When you get an admission, there are a lot of immediate payments. Since the loan has not yet been approved, we have to pay for these out of our own pocket. The university I applied to has a partial refund process in case of visa rejections, but there have been other students who have had problems claiming this."”
thehindubusinessline.com
“"We do not have a mechanism to refund deposits ourselves. If a student’s visa is rejected, we support them by withdrawing their loan application right away so they are not left carrying a loan obligation on top of a lost deposit."”
thehindubusinessline.com

Sources

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