Students in Rajkot can fund a course in the USA with an education loan from a public sector bank, private bank or NBFC, secured or unsecured. Education loans for USA studies cover tuition, living, travel and health insurance through secured and unsecured routes. The lender decides on the university and course, your academic record and the co-applicant's income and credit. DreamDestination helps you fix the amount, choose the route and time the sanction for the F-1 Student Visa, free of charge. We are not a lender.
US degrees are among the most expensive, and a two-year master's doubles the living costs. A family in Rajkot should fix the full-course figure first, then decide how much of it is loan — because the amount on the sanction letter has to line up with the amount the university puts on the I-20.
Education loan for USA from Rajkot — the costs to plan for
Tuition in the USA is typically ₹25-80L/year, and living costs depend heavily on the city. Most universities also require health insurance. Many master's students offset part of the cost through teaching or research assistantships, but these are awarded by the university and cannot be counted on in advance.
Add tuition for every term, living costs for every month, insurance, travel and visa fees, then subtract family savings and any scholarship. The remainder is the loan. Within the lender's limits, an education loan for the USA can cover:
Tuition and course fees paid to the university
Accommodation and reasonable living expenses
One-way airfare and travel costs
Student health and travel insurance
Books, equipment and a laptop where the course needs one
Exam, library and lab fees; refundable deposits within lender limits
From Rajkot everything in this service is done remotely: documents are shared digitally and sessions run by video call or phone, in the evening or at the weekend if you are working. You get the same counsellor and the same process as a student in a metro, without travelling for it.
This page is for students in Rajkot who hold, or expect, an offer from a university in the USA, and for the parents who will be co-applicants on the loan. The same service is available to students in Navrangpura, Patan, Ahmedabad and Anand, and across the rest of Gujarat.
How an education loan is used as proof of funds for the USA
Before a US university sends the I-20, it asks for proof that you can pay for at least the first year. Students usually show a sanctioned education loan alongside family savings and scholarships. That evidence is also the basis of your answers at the F-1 interview, where questions about funding are routine. A sanction letter whose amount does not match the I-20 is one of the easier problems to avoid.
First-year costs shown before the I-20 is issued
Sanction letter, savings and scholarships as evidence
The same figures at the F-1 visa interview
Assistantships and scholarships reduce the amount borrowed
A secured loan is backed by property or a deposit and generally allows a higher amount; an unsecured loan rests on the co-applicant's income and credit and on how the lender rates the university and course. Which suits a student in Rajkot depends on the size of the funding gap and on what the family is prepared to pledge.
We are an education consultancy, not a bank, NBFC or lending agent, and we take no commission from any lender. Approval, amount, interest rate and collateral requirements are always the lender's decision.
Students domiciled in Gujarat may be able to use the Gujarat Educational Loan Scheme (GELS), administered by Knowledge Consortium of Gujarat / State Education Department. Loans reported up to ₹15 lakh at around 4% p.a., repayable over 10 years after course completion. Some sources describe an interest subsidy for economically weaker Gujarat-domiciled students going abroad. Eligibility: Gujarat domicile; economically weaker section criteria apply. Terms change, so confirm the current rules with the administering department before you rely on it.
The loan follows the admission. If you have not yet settled on a university in the USA, the shortlist should be built with funding in mind: the same course at two universities can lead to very different amounts and very different answers from lenders.