Following are some of the options you have to fund their education through loans:

• Loans from Banks in the Home Country: Quite a few banks give educational loans. You could possibly approach the bank and make provisions for at least part of the funding required. Parents or the working spouse can take personal/educational loan.
  
  
• Loan Banks in the destination country: A few banks offer student loans to international students if the loan is co-signed by a creditworthy citizen or permanent resident of the destination country. Student loans are most preferred by MBA students since they are easily available, have to be repaid only after the completion of the course and the interest rates are very low.
  
  
• Company Sponsored Candidates: There are few multi-national firms, which sponsor candidates for postgraduate studies. Normally these cases are associated with service bonds of 2-3 years.

NOTE: There are some banks that waive the co-signer requirement for specific schools. One needs to check this information from the school website. For example, Citibank provides loans to international students admitted to Harvard Business School without a co-signer. Another example is Bank of America providing loans without a co-signer to students at Kenan-Flagler, University of North Carolina (at the time of writing this, the CEO of Bank of America is an alumnus of Kenan-Flagler School of Management).

• Loan From Relatives in India: One of the other options available is students can borrow money from their relatives.
  
  
• Other Sources: In addition, the student can find out about trusts in their home country that provide merit-based scholarship. For example, HSBC India Student Scholarships Jawaharlal Nehru Scholarships For Doctoral Studies, K C Mahindra Education Trust.