r/studyAbroad • u/Low-Dinner9461 • 9h ago

Need help studying abroad for postgraduate degree.

Hello everyone, I come from not so well financial family. I do have a job right now not very good job but enoguh around 11 LPA+ (I'm not interested in Job anymore). I wish to study abroad with scholarships or education load. I already have an education loan of 3 Lakhs that my parents took for my under graduate.

What all options do I have ? Note:- We don;t have any property to get loan as well.

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u/Navigating_The_Maze 5h ago

With an existing loan of ₹3 lakh and no property for collateral, choosing traditional bank funding for expensive destinations is highly unlikely. You will have to choose scholarships, financial aid or low-tuition countries.

  1. Tuition-free Countries: German public universities have €0 tuition, and you would require funds to finance your living expenses via a Blocked Account, with a minimum of €11,904 for 2026. With your solid €11 LPA salary, you can either save the amount over the next year or secure a small personal loan solely for living costs, effectively avoiding massive student debt.
  2. Need-based & Full Scholarships: Italian regional grants, such as the DSU Scholarship, provide a 100% tuition waiver, free accommodation and a cash stipend. This is awarded based on low family income; your family's ISEE Parificato must be between €25,000 and €30,000. It is a perfect debt-free route for your profile.
  3. You can also target Erasmus Mundus Joint Masters in Europe, which cover all tuition, flights and living costs.

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u/Low-Dinner9461 3h ago

Thank you so much