Indian students liking for the USA is well-known and that has been established in a latest study. According to a new report ‘State of Higher Education in Study Abroad Market’ by fin-tech platform Prodigy Finance, 67 per cent of Indians prefer the US for higher education.
Students prefer the US and there is a slow but steady preference to UK and France as well. 8 per cent students are to each of these countries for higher education. The states from where maximum students apply are Maharashtra (20 per cent), Karnataka (15 per cent), Delhi (12 per cent) and Telangana (8 per cent).
Almost 70 per cent who travelled abroad for higher education last year were male and 30 per cent were female, the report showed.
The study further found that for engineering courses, Northeastern University, the University of Texas at Arlington, and Stevens Institute of Technology were the most preferred universities, whereas for MBA programmes Georgetown University, University of Toronto, and the University of Rochester have been most popular. There has been severe uncertainty among the students travelling abroad for higher education as most of the families went through a financial crisis amid a nationwide lockdown last year.
Regardless, there was a growth of 41 per cent in applications in 2020 when compared to 2019. This is quite significant if compared with the 55 per cent loan disbursements in 2019 after the 108 per cent growth witnessed during 2018. “As international borders start to reopen gradually in 2021 and campus learning looks promising in the next quarter looking at the vaccination drive, we can expect a 30-35 per cent growth in 2021 as compared to 2020,” said Mayank Sharma, Country Head India, Prodigy Finance, in a statement on Tuesday.
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