Is taking a loan for studying abroad becoming a hindrance in achieving your dream?

I come from a normal middle class family. 30 lakh did mean a lot for me 😓

I remember how anxious I was thinking how I would ever pay it back. What if my decision is stupid?! For first few days, I ate only little, walked instead of taking bus - just to save every single dollar I could.

But this is where going as a graduate student is different from going as a college student.

I had enrolled for MS in Computer Science at UIUC (Top 5 school) and the university was well funded. They took only 18 MS students this year which meant the competition for funding was low.

I took my resumes and visited the Profs relevant to my area of study (Networking) and asked them if they are looking for RA (research assistants) for their labs. Within a week, I had two RAship offers.

The great thing about RAship is that not only you get your full tuition fee waived but also earn a monthly stipend. So, now instead of spending in dollars, I started earning in dollars!

My stipend covered my entire living expense and even left me some savings. So, I sent my loan check back with utter relief and pride.

A lot of good universities in US can give you some sort of funding in MS programs (esp if it is thesis based). Before you write off your studying in US dreams, do check out the funding options.

Comment below if you are interested to know more about funding options.

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