The depreciation of the Indian rupee by over 10% against the US dollar in the past year has significantly impacted Indian students studying abroad, leading to a surge in demand for top-up education loans. Families are now facing increased costs, with many needing an additional ₹1-6 lakh to cover tuition and living expenses. Mumbai-based entrepreneur Sunetra Banerjee noted that her family's expenses exceeded initial estimates by ₹7-8 lakh in the first year alone. The cost of travel has also risen sharply, with round-trip tickets nearly doubling. As a result, the demand for top-up loans has tripled, with banks and non-banking finance companies (NBFCs) processing enhanced sanctions due to the rupee's decline from ₹85 to approximately ₹95 against the dollar. The total outstanding education loan book stood at ₹1.55 lakh crore as of March 31, reflecting a 13.4% increase from the previous year, with a significant portion linked to overseas education. The State Bank of India remains a major player in this market, accounting for a substantial share of education loans.