Study Abroad 2026: Budget, Scholarships and TCS Changes Every Family Should Know
Published October 9, 2026 · By PPC Integrated Consultancy
Quick answer: Planning to study abroad? Understand costs, scholarships, education loans and the reduced TCS on education remittances.
Key Takeaways
- TCS on education-related foreign remittances was reduced to 2% from 5% in the latest Budget.
- Budget for tuition, living, insurance and travel, plus a buffer for currency changes.
- Scholarships and assistantships can cut costs significantly.
- Education loans can cover tuition and living; compare lenders.
Total cost view
Add tuition, accommodation, food, health insurance, flights and visa fees. Add 10 to 15% for exchange-rate swings.
TCS and remittances
The government cut TCS on education remittances to 2%, reducing the upfront cash outflow for families. Confirm current rates with your bank.
Scholarships and loans
- University merit scholarships and assistantships.
- Government and private scholarships.
- Education loans, with moratorium during the course.
See our study abroad guide and education loan support.
Shortlist wisely
Choose destinations by course, job market and visa policy, which change often. Verify on official sites.
Frequently Asked Questions
What is the TCS rate for education remittances?
It was reduced to 2% as per the latest Budget; confirm with your bank.
Can I get a collateral-free education loan?
Some lenders offer it up to certain limits, based on the institution and profile.
When should I start applying?
Typically 10 to 12 months before the intake.
Does PPCI help with study abroad planning?
Yes, with counselling and education loan guidance.
Need help? Talk to our advisors for a free first consultation. This article is general information, not professional advice; rules change, so verify with official sources.
Have a question about Education & Career? Talk to our advisors directly.
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