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Rush for scholarships as cost of foreign education soars

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Tags: American Alumni AssociationAmericanAlumniAssociationAssochambangalore-buzz-bangaloreBecky FordBeckyFordbudgetdegree in telecommunicationsDegreeInTelecommunicationsFarrokh RustomjFarrokhRustomjfunding avenuesFundingAvenuesgrantsNadir GodrejNadirGodrejNew Jersey-based Educational Testing Service.NewJersey-basedEducationalTestingService.overseas educationOverseasEducationphilanthropic trustsPhilanthropicTrustsR D Sethna Scholarship Fund.RDSethnaScholarshipFund.scholarshipscholarshipsTOEFLUniversity of Colorado.UniversityOfColorado.Urvashi DevidayalUrvashiDevidayalUS universitiesUsUniversitiesVijay RahejaVijayRaheja

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MUMBAI: The weakening rupee is sapping the confidence of those seeking to pursue higher studies abroad. Faced with the prospect of increases in tuition fees, air fare, food and living expenses, many are dropping their plans or looking for funding avenues beyond their parents' bank deposits. For one, scholarship applications to philanthropic trusts have increased. With the rupee hovering around 60 to a dollar, overseas education costs have gone up 15-20%. In absolute terms, overall expenses are ...

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