The United States continues to draw in students from around the globe.
This article will provide you with the top reasons why study in USA. The number of international students studying in the US bounced back significantly in 2022-2023. This surge was driven mostly by a 35% increase in students from India. American colleges enrolled nearly 269,000 students from India. This was the highest ever and second only to China.
The graph below shows that in the last few years, Indian students have represented close to 20% of the total internal students in the USA.
Let’s explore why international students study in the USA.
5 reasons to study in the USA
There are numerous compelling reasons to study in USA. In addition to excellent education, it offers rich cultural diversity.
Here are some reasons why students choose to pursue their studies at universities in the USA.
World-class education
The USA boasts some of the most prestigious universities in the world. They consistently rank very high among global university rankings. American universities are particularly attractive to Indian students for their outstanding STEM courses.
Among the top 10 universities in the world (according to the QS World University Rankings 2024), no less than four are from USA:
- Massachusetts Institute of Technology (MIT) – United States
- University of Cambridge – United Kingdom
- University of Oxford – United Kingdom
- Harvard University – United States
- Stanford University – United States
- Imperial College London – United Kingdom
- ETH Zurich (Swiss Federal Institute of Technology) – Switzerland
- National University of Singapore (NUS) – Singapore
- University College London (UCL) – United Kingdom
- University of California, Berkeley (UCB) – United States
These universities offer top-notch faculty, cutting-edge research facilities, and a rigorous curriculum.
Diversity of programs
A big reason to study in the USA is the wide range of academic programs and majors available.
Colleges and universities in the USA offer a vast array of undergraduate and graduate programs.
There are numerous courses in engineering, medicine, law, business, and humanities. The sheer variety can be surprising. The University of North Dakota, for example, offers a Bachelor of Science in eSports.
Students can choose from public and private universities, liberal arts colleges, and community colleges, each with its own unique character and offerings.
Flexible curricula
American universities and colleges offer a vast selection of programs and course structures.
Undergraduates can explore a variety of subjects before committing to a major at the end of their second year. This unhurried approach allows them to discover their true academic passions.
Take the case of Tim Geithner, the former Treasury secretary during the Obama administration. He steered the US out of the 2008 financial crisis. In college, he first pursued a bachelor’s degree in Government Administration and Asian Studies before earning a Master of Arts in economics.
Such a trajectory from undergraduate to masters is common in the US. Students have a rare opportunity to learn now only what they want, but also then to enjoy financially viable careers in their line of interest. This possibility makes USA a great destination for students.
Focus on research
American universities are at the forefront of innovation and research in every field.
Students have the opportunity to learn from leading scholars, researchers, and participate in cutting-edge research projects.
You will get the opportunity to learn directly from Nobel Laureates during class and symposiums. Currently, 50 Nobel Laureates teach at Harvard, 79 at Caltech, and 101 are affiliated with MIT.
This experience will offer an invaluable edge in the job market and is a big reason to study in the USA.
Vibrant campus life
American universities offer a rich and vibrant campus life experience. The atmosphere fosters community engagement, personal growth, and lifelong friendships.
With state-of-the-art facilities, clubs, sports teams, and social events, US universities provide an unforgettable college experience.
Students can participate in multiple extracurricular activities, and make friends from all over the world. This is an excellent way to develop social skills and learn about different cultures. When you enter the job world, your experience on the campus is a bonus.
Top courses to study in the US
The USA offers a variety of courses across various fields. Whether a student is interested in business, technology, sciences, or social studies, there are numerous quality programs to choose from in American universities.
Here are some of the top courses to consider for your US university studies:
Business and management
Business programs equip students with the knowledge and skills to succeed in various business settings. They cover areas like finance, marketing, accounting, and operations management.
A business degree opens doors to a wide range of careers, from management consulting and investment banking to marketing and human resources.
Engineering
Engineering programs focus on applying scientific principles to practical applications, designing, developing, and building systems and structures.
Numerous engineering specializations are available. They include civil, mechanical, electrical, chemical, and computer engineering.
Engineering graduates are highly sought-after in various industries, from aerospace and construction to automotive.
Mathematics and Computer Science
Math and computer science programs provide a strong foundation in problem-solving, analytical thinking, and computational skills.
A degree in CS is crucial for driving innovation in various sectors. Graduates can pursue careers in software development, data science, artificial intelligence, and cybersecurity.
Data Science and Business Analytics
This interdisciplinary field combines expertise in data analysis, statistics, and computer science.
Data scientists can work in various industries, analyzing massive datasets to extract insights that inform business decisions.
The demand for data science professionals is booming due to the ever-increasing volume of data generated.
Also read: Best MS In USA Courses For Indian Students
Top universities to study in the US
The United States is home to several prestigious universities. Each of these institutions carries its unique ethos, academic focus, and cultural environment. Together they contribute to a rich and diverse higher education landscape in the US.
Harvard University
Harvard University, located in Cambridge, Massachusetts, is one of the oldest higher education institutions in the US. It was founded in 1636 and is globally renowned for its excellence in various fields.
Harvard’s extensive library and its commitment to groundbreaking research make it an ideal destination for students. With a rich history and a diverse student body, Harvard continues to shape future leaders across disciplines.
Stanford University
Stanford University, located in the heart of California’s Silicon Valley, was founded in 1891. Known for its close ties to the tech industry, Stanford fosters innovation among its students.
The founders of Nvidia, Google, and several more tech behemoths are alumni of Stanford.
The university has a sprawling and picturesque campus and is renowned for its architectural elegance. Stanford’s strength in programs such as engineering, business, and computer science, combined with a diverse student community, makes it truly unique.
Massachusetts Institute of Technology (MIT)
The Massachusetts Institute of Technology, located in Cambridge, Massachusetts, was established in 1861. It is famed for its programs in science, technology, engineering, and mathematics (STEM).
MIT offers pioneering research and innovation in various fields, especially in emerging technologies.
The institute is also known for its collaborative atmosphere. Students and faculty work together on groundbreaking projects, making significant contributions to science. Currently, MIT is affiliated with 101 Nobel Laureates.
University of California, Berkeley
University of California, Berkeley, was founded in 1868. It is a premier institution for higher education, especially recognized for its exceptional programs in political science, environmental sciences, and engineering.
Located in the San Francisco Bay Area, UC Berkeley is known for its commitment to social activism and public service.
The university’s diverse student body and faculty contribute to a rich academic environment.
Yale University
Yale University, established in 1701 and located in New Haven, Connecticut, is one of the most prestigious institutions in the United States.
The institution is known for its excellence in law, and arts. Yale’s dedication to a liberal arts education encourages students to develop critical thinking and diverse perspectives. With a vibrant campus life, Yale offers a comprehensive educational experience that extends beyond the classroom.
Do you feel confused about which school to choose for studying in the USA?
Worry not and head right over to SelectRight.
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Here are the key features of SelectRight:
- SelectRight offers customized suggestions based on your specific preferences and academic background.
- The AI-assisted platform aligns you with programs that match your goals and interests.
- Our algorithm ensures plenty of options for prospective students in business, engineering, social sciences, or other fields.
Go from chaos to clarity – choose your best university in the USA, with SelectRight. Register and find out your best universities for study abroad.
Also read: 5 Cheapest Universities in the USA for Indian Students — Tuition and Living Costs
Education loans for USA studies
Education in the USA is expensive. It can cost tens of lakhs to complete an MS degree. For most students an education loan to study abroad is essential.
In India, the top banks that offer these loans include:
| Bank/NBFC | Interest Rate Range | Loan Type | Loan Amount Range |
| State Bank of India | 8.30% to 11.50% | Need-based term loan up to 15 years. | Up to INR 1.5 Crore |
| Punjab National Bank | 8.55% to 11.25% | Need-based term loan up to 15 years. | Up to INR 1 Crore |
| Bank of Baroda | 9.10% to 12.45% | Term loan need-based funding. | Up to INR 80 Lakhs |
| ICICI Bank | 9.50% onwards | Term loan up to INR 1 crore for domestic, and INR 2 crore for international studies. | Up to INR 2 Crore |
| Bank of India | 8.25% to 11.60% | Term loan need-based financing. | Up to INR 1 Crore |
| Bank of Maharashtra | 9.20% to 11.05% | Term loan up to INR 10 lakh in domestic and up to INR 20 lakh for abroad studies. | Up to INR 20 Lakhs |
| Central Bank of India | 8.30% to 11.25% | Term loan up to INR 50 lakh. | Up to INR 50 Lakhs |
| Axis Bank | 13.70% to 15.20% | Customizable loans with flexible repayment options. | Up to INR 40 Lakhs |
| Kotak Mahindra Bank | Up to 16.00% | Custom solutions based on course and institution. | Varies |
| Canara Bank | 7.30% to 9.30% | Need-based term loan. | Up to INR 40 Lakhs |
| Mpower Finance | Starts from 8.00% | No collateral, cosigner-free loans. | Up to $100,000 |
| Prodigy Finance | Variable | Borderless credit, based on future earning potential. | Up to 100% of tuition fees |
The interest rates vary from about 8.5% to 15% depending on the borrower’s creditworthiness and collateral offered.
Education loans are complex contracts. There is so much to know before you make a decision.
You have to consider interest rates, moratorium periods, late fees, collateral, and more.
Researching loan providers, visiting bank branches, and submitting the same set of documents again and again can be exhausting.
That is why we created FundRight.
FundRight is designed to assist students in securing education loans for studying abroad.
Our data shows students routinely save up to 8 lakhs. You can do the same.
- Register today
- Set up your profile.
- You will find 15 banks and NBFCs that offer loans.
- Take the advice of our experts.
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Secure your loan in just 2 days. Learn more.
Also read: Education Loan for Studying in the USA
FAQs
1. How do I qualify for an education loan?
To qualify for an education loan, you need to show that you’re enrolled in an eligible degree or certificate program. In addition, the bank will scrutinize your academic record. Your credit score and financial need are also a factor.
2. Can I defer payment on my education loan?
Yes, many education loans offer deferment options while you’re in school and for a short period after graduation. However, interest will accrue during this time. You have to ask the bank if you can extend this period in an emergency.
3. What happens if I can’t repay my education loan?
If you’re unable to repay your education loan, it’s important to contact your lender bank immediately. There may be options such as delayed repayment plans or deferment. The bank can even restructure the loan with different terms. Defaulting on your loan can have serious financial consequences.
4. What are the interest rates for education loans?
Interest rates for education loans vary depending on the bank and prevailing rates. At this moment in India education loans have interest rates varying between 10% and 15%. If you can offer good collateral and a guarantor the interest rate would be less.
5. Can I cancel my education loan if I change my mind?
You may have a short cancellation period. You should check the bank’s policy. Usually, you can cancel when the loan has been sanctioned but not disbursed. It’s important to act quickly if you decide to cancel.
