To avail an education loan for studying abroad, students typically need to meet certain eligibility criteria. Lenders usually require the student to have secured admission in a recognized foreign institution. The institution must be accredited by relevant authorities in the host country, and the program of study must be recognized as a full-time course. Additionally, banks often require the student to have a co-applicant, such as a parent or guardian, who is financially stable and can provide collateral or guarantee for the loan amount.