{"id":8734,"date":"2026-06-08T16:56:42","date_gmt":"2026-06-08T16:56:42","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=8734"},"modified":"2026-06-08T16:59:19","modified_gmt":"2026-06-08T16:59:19","slug":"self-funding-vs-student-loan","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/self-funding-vs-student-loan\/","title":{"rendered":"Self-Funding or Student Loan- Which is Best for Abroad Studies"},"content":{"rendered":"\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2ddac0cc3ec&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-1024x576.jpg\" alt=\"Blog cover image with the title, &quot;One Decision Can Save You Lakhs!&quot;\" class=\"wp-image-8735\" style=\"box-shadow:var(--wp--preset--shadow--natural)\" srcset=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-1024x576.jpg 1024w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-300x169.jpg 300w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-768x432.jpg 768w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-1536x864.jpg 1536w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog.jpg 1643w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Blog cover image with the title, &quot;One Decision Can Save You Lakhs!&quot;\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>When it comes to financing higher education abroad, students often face a common dilemma: self-funding or taking an education loan. This guide compares both options, highlighting their merits, demerits, tax implications, and key factors to help you make an informed decision.&nbsp;<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/icici-globetrotter-international-student-insurance-complete-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">Complete Guide to ICICI Globetrotter Student Insurance<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Self-Funding for Abroad Studies<\/h2>\n\n\n\n<p>Self-funding is managing all overseas educational expenses without an educational loan. Usually, this includes utilising one&#8217;s personal or family savings, insurance policies, fixed deposits, funds from selling property or gold, and even borrowing from close relatives and friends.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Advantages of Self-Funding Overseas Education<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Free from Debt<\/strong><\/li>\n<\/ol>\n\n\n\n<p>The greatest advantage of self-funding is that it keeps you away from the mental and financial stress of repaying the loan. This lets you concentrate well on your studies and live a better quality of life.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>More Savings<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Since you do not have to pay the loan amount or its interest, your savings are intact. You can use these savings later to buy a new house, car, or invest.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Disadvantages of Self-Funding Overseas Education<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Strain on Parents<\/strong><\/li>\n<\/ol>\n\n\n\n<p>As students typically do not have savings of their own at this age, parents are the ones who actually self-fund. So they often have to sell their property or gold, break an FD, or borrow money. This depletes their savings, deprives them of emergency funds or locks them in debt.&nbsp;<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>TCS Deductions on International Remittance<\/strong><\/li>\n<\/ol>\n\n\n\n<p>TCS (Tax Collected at Source) is charged on self-funded international educational transfers made from India based on the amount transferred. Even though TCS is not applicable for transfers below Rs. 10 Lakhs, 2% is deducted from transfers above Rs. 10 Lakhs.<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/how-to-claim-tcs-refund-online-while-filing-itr\/\" target=\"_blank\" rel=\"noreferrer noopener\">How To Claim TCS Refund Online When Filing ITR?<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Student Loans for Abroad Studies<\/h2>\n\n\n\n<p>Student loans are financial assistance offered by banks or NBFCs to cover various educational expenses. Student loans include collateral educational loans and non-collateral educational loans.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Advantages of Student Loans for Overseas Education<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Best for University Acceptance and Visa Approval<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Students are required to demonstrate their financial ability to fund their studies abroad to secure admission and have their visas approved. It is commonly observed that an educational loan sanction letter acts as strong proof of financial eligibility.&nbsp;<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Income Tax Deduction<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Education loan applicants can claim deductions on interest paid under Section 80E of the Income Tax Act in India, which can reduce the effective interest rate. Starting from the year the loan is taken, the deduction is valid until the full interest is paid or for 8 consecutive years, whichever comes first. Either you, your parents, spouse, or legal guardian can claim these deductions. Loans exclusively from gazetted financial institutions are qualified for this.<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Zero TCS on International Remittance<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Irrespective of the transfer amount, no TCS (Tax Collected at Source) is deducted from <a href=\"https:\/\/www.extravelmoney.com\/blog\/send-money-abroad-for-education\/\" target=\"_blank\" rel=\"noreferrer noopener\">educational money transfers<\/a>.\u00a0<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Boosts Credit Score<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Timely repayment of educational loans enhances your CIBIL score. A high credit score is evaluated as a sign of financial discipline by institutions.\u00a0This helps meet your future financial requirements, like a credit card or personal loan. <\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Disadvantages of Student Loans for Overseas Education<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Financial Stress on the Student<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Even though student loans offer a moratorium period, students are bound to pay off the debt eventually. This can be a struggling phase if you cannot land a high-paying job.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Interest Rate<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Student loans come with an interest rate which is typically 9% to 11% for secured loans and 10% to 14% for unsecured loans. But students belonging to certain sections of society are eligible for an interest subsidy by the Government of India.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Self-Funding or Student Loan: How to Decide?<\/h2>\n\n\n\n<p>As self-funding and student loans possess their own pros and cons, it is important to evaluate your current position and future plans to choose the best option for your foreign studies. So always consider these factors before deciding.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Financial Position<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Self-funding is a feasible option if you have personal savings or enough familial wealth. However, you must also keep in mind that savings are also necessary to meet emergencies. So, if you think you won\u2019t have enough savings left after spending them on your studies, opt for an education loan, which is safer.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Future Plans<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Self-funding is the best option if you have other financial obligations coming up after studies, because a loan can be a double load for you. If you are sure that the return on investment of your higher education is fair enough to pay your debt, an educational loan is a wise option. <\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Independence<\/strong><\/li>\n<\/ol>\n\n\n\n<p>If you are a person who gives importance to financial independence, self-funding is suitable for you only if it is your personal savings. The next best option for you is a student loan because you can manage your education with your own earnings.\u00a0<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Compare Financing Options<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Talk to financial advisors and your friends who are currently studying abroad. Collect information, analyse it based on your vision, and decide whether to self-fund or take a student loan. And within the two options, choose the best financial tool after further research. For instance, compare numerous loan lenders before you choose one. <strong>ExTravelMoney<\/strong> lets you select the best loan provider in terms of ease of processing, interest rates, coverage, and repayment flexibility. With expert assistance and an online marketplace system, our team compares and connects you with the best bank\/NBFC based on your preferences.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Choosing the right funding option can significantly impact your studies, finances, visa process, and future goals. So evaluate your resources, understand the costs involved, and choose wisely. If an education loan is the right fit for you, <strong>ExTravelMoney<\/strong> can help you find the best loan options with competitive rates and hassle-free processing.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.extravelmoney.com\/educational-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">Apply for Student Loan Now<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/send-money-abroad-for-education\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Send Money Abroad for Your Child\u2019s Education<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to financing higher education abroad, students often face a common dilemma: self-funding or taking an education loan. This guide compares both options, [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":8735,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1052,34],"tags":[1053,1055],"class_list":["post-8734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-educational-loan","category-study-abroad","tag-educational-loan","tag-self-funding"],"jetpack_featured_media_url":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog.jpg","uagb_featured_image_src":{"full":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog.jpg",1643,924,false],"thumbnail":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-150x150.jpg",150,150,true],"medium":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-300x169.jpg",300,169,true],"medium_large":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-768x432.jpg",768,432,true],"large":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/06\/self-funding-or-student-loan-blog.jpg",1643,924,false]},"uagb_author_info":{"display_name":"Ann Mariya Job","author_link":"https:\/\/www.extravelmoney.com\/blog\/author\/ann-mariya\/"},"uagb_comment_info":3,"uagb_excerpt":"When it comes to financing higher education abroad, students often face a common dilemma: self-funding or taking an education loan. This guide compares both options, [&hellip;]","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p88tmX-2gS","jetpack-related-posts":[{"id":5816,"url":"https:\/\/www.extravelmoney.com\/blog\/what-banks-dont-tell-when-taking-overseas-education-loan\/","url_meta":{"origin":8734,"position":0},"title":"What Banks Don&#8217;t Tell You When Taking Overseas Education Loan","author":"Ann Mariya Job","date":"July 2, 2024","format":false,"excerpt":"Since 2016, ExTravelMoney has helped thousands of Indian students transfer money affordably for their overseas education. However, we've encountered many cases where we couldn't assist students with their international remittances, especially those with education loans. This was because banks often misled them into believing they must transfer loan amounts exclusively\u2026","rel":"","context":"In &quot;Study Abroad&quot;","block_context":{"text":"Study Abroad","link":"https:\/\/www.extravelmoney.com\/blog\/category\/study-abroad\/"},"img":{"alt_text":"A person holding a pen and document with another person seated opposite with folded-hands, accompanied by the text 'Student Loan and Forex: Ways Banks Loot Indian Overseas Students.","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Processing-fees-and-high-exchange-rates.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Processing-fees-and-high-exchange-rates.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Processing-fees-and-high-exchange-rates.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Processing-fees-and-high-exchange-rates.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8687,"url":"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/","url_meta":{"origin":8734,"position":1},"title":"How to Get an Online Non-Collateral Education Loan","author":"Ann Mariya Job","date":"May 18, 2026","format":false,"excerpt":"Planning to study abroad but don\u2019t have assets to pledge? A non-collateral education loan can help you finance your overseas education without security. Here\u2019s everything you need to know before applying.\u00a0 Also Read: Complete Guide to ICICI Globetrotter Student Insurance What is a Non-Collateral Education Loan A non-collateral education loan\u2026","rel":"","context":"In &quot;Study Abroad&quot;","block_context":{"text":"Study Abroad","link":"https:\/\/www.extravelmoney.com\/blog\/category\/study-abroad\/"},"img":{"alt_text":"Blog cover image with the title 'No Property for Security? You Can Still Get an Education Loan'.","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":7954,"url":"https:\/\/www.extravelmoney.com\/blog\/tax-sending-money-abroad-education\/","url_meta":{"origin":8734,"position":2},"title":"Tax on Sending Money Abroad for Education from India Explained","author":"Ann Mariya Job","date":"May 28, 2025","format":false,"excerpt":"Updated On: 27 Apr 2026 New TCS rates on sending money abroad have been proposed in the 2026 Budget. They'll be in effect from April 1st 2026. Do you think sending money abroad for educational purposes, such as university fees and living expenses, is tax-free? Many assume overseas education remittances\u2026","rel":"","context":"In &quot;International Money Transfer&quot;","block_context":{"text":"International Money Transfer","link":"https:\/\/www.extravelmoney.com\/blog\/category\/international-money-transfer\/"},"img":{"alt_text":"Illustration of a graduation cap on stacked books surrounded by flying currency notes and coins, with a bold red \u201cTAXES\u201d stamp overlay. Text reads \u201cIs Foreign Education Remittance Tax-Free\u201d","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/05\/tax-on-educational-outward-remittance-cover-image.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/05\/tax-on-educational-outward-remittance-cover-image.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/05\/tax-on-educational-outward-remittance-cover-image.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/05\/tax-on-educational-outward-remittance-cover-image.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/05\/tax-on-educational-outward-remittance-cover-image.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/05\/tax-on-educational-outward-remittance-cover-image.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":8162,"url":"https:\/\/www.extravelmoney.com\/blog\/overseas-tuition-payments-parents-tips\/","url_meta":{"origin":8734,"position":3},"title":"What Parents Need to Know About Overseas Tuition Payments","author":"Ann Mariya Job","date":"November 1, 2025","format":false,"excerpt":"Updated On: 02 May 2026 Sending your child\u2019s university fees abroad for the first time? It\u2019s natural to feel anxious; after all, every parent wants the transfer to go smoothly and on time. That\u2019s why we have put together this complete guide on how to pay university fees abroad from\u2026","rel":"","context":"In &quot;International Money Transfer&quot;","block_context":{"text":"International Money Transfer","link":"https:\/\/www.extravelmoney.com\/blog\/category\/international-money-transfer\/"},"img":{"alt_text":"cover image with the headline '8 Tips for Parents Paying Overseas Tuition Fees'","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/11\/tuition-fee-payment-parents-tips-cover-image.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/11\/tuition-fee-payment-parents-tips-cover-image.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/11\/tuition-fee-payment-parents-tips-cover-image.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/11\/tuition-fee-payment-parents-tips-cover-image.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/11\/tuition-fee-payment-parents-tips-cover-image.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/11\/tuition-fee-payment-parents-tips-cover-image.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":7510,"url":"https:\/\/www.extravelmoney.com\/blog\/new-tcs-proposals-on-international-money-transfer-in-budget-2025\/","url_meta":{"origin":8734,"position":4},"title":"New TCS Proposals on International Money Transfer in Budget 2025","author":"Ann Mariya Job","date":"February 3, 2025","format":false,"excerpt":"Latest Update: New TCS Proposals on International Money Transfer in Budget 2026 The Union Budget 2025 has proposed significant reforms in the Tax Collected at Source (TCS) regulations. The new TCS rules shall be in effect starting 1 April 2025. These tax proposals aim to reduce the financial burden on\u2026","rel":"","context":"In &quot;International Money Transfer&quot;","block_context":{"text":"International Money Transfer","link":"https:\/\/www.extravelmoney.com\/blog\/category\/international-money-transfer\/"},"img":{"alt_text":"A digital graphic with bold blue text stating \"NEW TCS PROPOSALS IN BUDGET 2025.\" Below, a gold banner with white text reads, \"happy news for students and travellers!\" The illustration includes a student holding a suitcase, a red balloon labeled \"TAX\" being cut by a hand with scissors, stacks of money, a graduation cap, and an airplane, symbolizing reduced tax burdens on foreign remittances for education and travel.","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/02\/New-TCS-Proposals-Cover-Image.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/02\/New-TCS-Proposals-Cover-Image.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/02\/New-TCS-Proposals-Cover-Image.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/02\/New-TCS-Proposals-Cover-Image.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/02\/New-TCS-Proposals-Cover-Image.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2025\/02\/New-TCS-Proposals-Cover-Image.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":8424,"url":"https:\/\/www.extravelmoney.com\/blog\/send-money-abroad-for-education\/","url_meta":{"origin":8734,"position":5},"title":"How to Send Money Abroad for Your Child&#8217;s Education","author":"Ann Mariya Job","date":"March 27, 2026","format":false,"excerpt":"Sending money abroad for studies is not just about transferring funds; it is about choosing the right purpose, documents, and method. This guide breaks down educational money transfers from India, including limits, taxes, and the best ways to save on money transfer fees. Also Read: What Banks Don\u2019t Tell You\u2026","rel":"","context":"In &quot;Study Abroad&quot;","block_context":{"text":"Study Abroad","link":"https:\/\/www.extravelmoney.com\/blog\/category\/study-abroad\/"},"img":{"alt_text":"Blog cover image with the headline 'Abroad Study Transfers- Simplified Guide'.","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/abroad-study-transfer-blog.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/abroad-study-transfer-blog.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/abroad-study-transfer-blog.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/abroad-study-transfer-blog.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/abroad-study-transfer-blog.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/abroad-study-transfer-blog.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/posts\/8734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=8734"}],"version-history":[{"count":0,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/posts\/8734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/media\/8735"}],"wp:attachment":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=8734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=8734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=8734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}