Is There a Maximum Limit to The Amount I Can Borrow Through An Education Loan

Yes, there is a maximum limit to the amount you can borrow through an education loan, but it varies depending on the country, lender, and the level of education you're pursuing. In India, for example, education loans typically have a cap of ₹10-20 lakh for studies within India and up to ₹1.5 crore for studies abroad. In the U.S., federal student loans have set annual and aggregate limits. Private lenders may offer higher amounts but often require a cosigner. The exact limit depends on factors such as tuition costs, course duration, and the borrower's financial background.Readmore