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   The cost of completing an undergraduate degree in the USA is very steep. On an average it can cost around INR.13-16 lakhs( INR.1.3-1.6 million) for tuition and living expenses per year. In the absence of funding from your university, you may want to apply for a loan, depending on you financial situation. This page has information on student loans in India and USA.

Loans in India:

• Must be an Indian citizen

• Must be enrolled in an accredited university.

• Maximum amount varies from INR.15-20 lakhs in most banks for studying overseas.

• Approval depends heavily on the income and financial status of your parent/co-signor.

• You would need to submit proof of admission, XII marks, income statement of borrower, income tax assessment order, details of expenses etc.

• Repayment starts 1 year after the completion of your course or 6 months after you get a job, whichever is earlier in most banks.

• Terms differ from bank to bank.

Loans in USA:

• Must be enrolled at least half-time in an accredited university.

• In order to apply for loans in the USA, you need a co-signor who is an American Citizen.

• Rates depend on the credit worthiness of your co-signor.

• Maximum amount that can be borrowed differs from provider to provider.

• Available through most banks.

• Options for repayment usually include deferring payment till graduation.

Useful links:

Apnaloan.com: This page has  a nice table that states the rates, repayment terms, and eligibility for different banks. It appears to be a professional website updated regularly.

Surf India: This webpage gives some general information regarding educational loans in India. it also has a list of public and private sector banks that offer loans.

Hindustan link: This link has detailed information on loan schemes from various banks. it lists the eligibility criteria, paper work required, and interest rates for several Indian banks. However, the site looks a bit outdated. I would advise you use it to get a general idea of different banks and then do further research.