How to pay fee to a foreign university from India
Many students prefer doing their education abroad. Earlier it was quite difficult for students to leave India and move to foreign lands for study. But things have changed now as it has become quite easier to book your trip and arrange your stay right from your home.
When it comes to paying fees abroad university, there is always this concern whether the payment would reach the right authorities and if they will do the admission or not. Apart from the general tuition fee, there are other college expenses as well that needs consideration. There are separate laboratory fees, and sometimes you got to pay donations as well.
How to Send Money to Foreign Univerity ?
You might be having second thoughts on whether all this is genuine and how you could track the admission process because there are many fraudsters online. Without further ado, here are a few ways to send money to foreign university that are safe and also helps you keep track of the payment right from India.
| Method | Description | Key Advantages |
|---|---|---|
| Online Money Transfers | Foreign universities offer online gateways accepting wire transfers. Platforms like Orient Exchange partner with Convera, PayMyTuition, and Flywire for safe and easy tuition fee transfers. | Secure, fast, and university-integrated options available. |
| Bank Transfer | A safe and trackable method. Though it may have high margins and additional fees, it is a reliable way to transfer large sums directly to university accounts. | Easy tracking, safe, widely accepted by institutions. |
| Forex Cards | Convenient for international students. No need for currency exchange; forex cards can also be used for other international transactions. | No extra charges, flexible usage, and easy currency management. |
| Demand Draft | Suitable for those with sufficient bank balance. Withdraw and transfer funds securely. It has a fixed timeline and ensures confirmation of payment. | Safe, reliable, and allows payment tracking. |
Which is the best option to send money to Foreign University?
Online Money transfer are the best method to pay university fees abroad but it will be wise to carry a forex card and some amount of local currency while travelling. Forex cards give a variety of options for you to pay, and they look just similar to standard debit or credit card.
You can use a forex card, and if you end up with excess money, you can always exchange the amount depending upon the market rates. You can easily block or replace the card if they get stolen.
The best part is you don’t have to worry about the coverage of transaction fees. But, transferring funds to bank account may involve charges.
International students are one of the best ways for revenue generation for the country. Some colleges provide scholarships for the deserved candidates. With a forex card, it is easy for you to keep track of money credited and debited from your account. Most international students prefer this method as it is more comfortable for them.
Factors to consider to send Money to Foreign University?
Finding Best Exchange Rate:
When sending funds to a foreign university, you'll have to deal with currency exchange. Exchange rates can fluctuate, so it's advisable to monitor them closely and choose an opportune time to make your transfer. You can use online currency conversion tools or consult your bank for the most favorable rates. Orient Exchange will give you real time exchange rate update for your money transfer.The exchange rate offered by Orient Exchange is most favorable to students.
Check Live Exchange Rates for your money transfer
Choosing Secure Money Transfer:
Sending lump-sum of funds is always a risk oriented process, One has to choose secure way to send money to foreign university from India. Orient Exchange offers most secured way to transfer student money to abroad. That’s why it is considered as most trusted platform on Google. One can consider Orient Exchange as trusted partner for paying fees to foreign university.
TCS Rate (2025 Updated):
If you're planning to send money abroad for education in 2025, it's important to be aware of the current TCS (Tax Collected at Source) rules under the Liberalised Remittance Scheme (LRS).
Latest TCS Rates for Education Remittance (2025):
| Funding Source | Amount Remitted | TCS Rate |
|---|---|---|
| Self-funded / Family-funded | Up to ₹10 Lakhs/year | NIL (0%) |
| Above ₹10 Lakhs/year | 20% | |
| Funded via Education Loan (Sec. 80E) | For any remittance amount | NIL (0%) |
Conclusion Thoughts:
Most International Universities across the world prefer an online mode of transactions. Students from India will find it easier to transfer money abroad without having much to worry about. The only place where you might fall back is the conversion rates.
The conversion of INR to USD or any other currency is a bit difficult. A foreign currency exchange provider like us can help you to send money to foreign university with ease. You can send USD or any other preferred currency when transacting with us.
We can help you get the best USD conversion rates. It is always better to have more than one option while travelling abroad. Using forex cards in addition of using hard cash can be a alternative option. By employing the above modes of transferring money, you can pay your fees to any foreign country abroad.
Frequently Asked Questions
Online Money Transfers are one of the most common methods for paying fees to a foreign university. You provide your university bank account details, remitter’s KYC and rest will be taken care off. Select money transfer agency after through research on wire transfer fees and currency exchange rates.
Payment options may vary by university. Some universities may offer the flexibility of paying tuition fees in installments, while others may require a lump-sum payment. It's advisable to check with your specific university to understand their payment policies.
The Reserve Bank of India has regulations governing the remittance of funds for education abroad. Regulations such Liberalized Remittance scheme (LRS) made under FEMA rules of RBI provides limits for Remittance transfer.
When opening a bank account for international transactions, consider factors such as competitive exchange rates, low transaction fees, and compliance with Reserve Bank of India's regulations for overseas transactions.
Exchange rates can fluctuate, which can impact the total amount you pay for your education. To mitigate this risk, you can consider making advance payments or find rate blocking facilities to block the exchange rate. Orient Exchange offers rate blocking facility for paying abroad tuition fees for Indian students.