Key Points
There has been a 100-150% increase in the number of women applicants to study abroad in 2022 compared to the pre-pandemic year of 2019 and the trend will continue in the years to come, foreign education consultants and student loan providers said.. They said the male-female student ratio among applicants seeking admission abroad improved to 50:50 in metro cities in 2022, from 70:30 in 2019..
Affordability among parents is more, several financing options are available, and parents want their daughters to get global exposure and a larger world view, he said.. Collegify has seen male to female students ratio in metros increasing from 70:30 in 2019 to 50:50 in 2022, and from 80:20 to 60:40 in tier II-III towns...
Amit Gainda, managing director and chief executive of educational loan provider Avanse Financial Services, said the number of female students the company funded from tier II and beyond was less than 10% in 2019-20..
The male to female ratio is almost equal for students funded from smaller towns, he said.. AWorld Bank report highlighted that India has a significant proportion of women studying science, technology, engineering and mathematics (STEM) subjects, accounting for at least 43% of the global cohort..
This (the trend of female students seeking admission abroad) is only going to grow, given global companies are consciously working towards a better gender ratio and, hence, we have dedicated scholarships in fields like civil engineering, architecture, etc, which have never been seen at this scale before, Chaturvedi said..
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19, Apr, 23In the last fiscal year ended March 31, education loan provider Avanse Financial Services has recorded about 1.7 time growth in the number of students opting for education financing to study in the US compared with the previous year, said Amit Gainda, chief executive officer.
Towns a study in aspirational borrowing as overseas education calls
02, Dec, 23As much as 70-72% of the students funded by Avanse Financial Services in 2023 belonged to tier II-III and beyond, said the education-focused nonbanking financial companys managing director and chief executive, Amit Gainda. He attributes the growing demand to aspiration among youngsters from the hinterlands to access foreign education and have a better standard of living.
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