How to Send Money Abroad for Education: Documents & Process
Paying tuition fees or other education-related expenses to an overseas university requires the correct documents and payment details. For students and their families in India, the process generally involves collecting the university’s payment information, completing the required documentation and choosing an appropriate international money transfer route.
Go Monytrip helps students and families with the documentation and international education payment process.
Documents Required
The documents may include:
- Student’s passport
- Student visa, if already issued
- PAN card of the remitter
- University admission or offer letter
- University fee invoice or fee structure showing the amount in foreign currency
- Form A2 and required LRS documentation
Keep the information consistent across the university documents, bank records and transfer forms to avoid unnecessary delays.
Step 1: Collect the University’s Bank Details
Before initiating the transfer, collect the university’s payment information.
This can include:
- University bank name
- Account number
- Bank address
- SWIFT/BIC code
- Payment reference or student identification number, if provided by the university
Always use the payment instructions provided by the university.
Step 2: Compare the Transfer Costs
The amount received by the university can depend on the exchange rate and applicable transfer charges.
When comparing payment options, check:
- Exchange rate
- Applicable markup
- Transfer charges
- SWIFT charges, where applicable
- GST or other applicable charges
- Expected amount received by the university
Looking at the total cost rather than only the advertised exchange rate can help you understand the actual transfer amount.
Step 3: Complete KYC and Form A2
The sender may need to provide KYC documents and complete the applicable transfer forms.
For education-related outward remittances, Form A2 and LRS-related information may be required depending on the transaction and applicable requirements.
Step 4: Make the Payment
Depending on the available payment route, the transfer may be funded through methods such as:
- Net banking
- UPI
- RTGS/NEFT
- Cheque
- Resident savings account
- Education loan account
The available payment method can depend on the provider and transaction.
Step 5: Track the International Transfer
After the payment is initiated, keep the transaction details and payment reference.
For bank transfers, a SWIFT copy or transaction confirmation can help with tracking and confirming the payment.
Go Monytrip’s provided service information states that university funds generally credit within 24–48 hours, although actual processing time can vary by the payment route and receiving institution.
What Information Should You Keep?
Before sending the payment, keep copies of:
- Passport
- PAN
- Admission/offer letter
- Fee invoice
- Form A2/LRS documentation
- University bank details
- Payment confirmation
- Transfer reference/SWIFT copy
This makes it easier to track the payment if the university asks for proof.
How Go Monytrip Can Help
Go Monytrip provides assistance with international money transfers for education, including student tuition payments and related requirements.
The team can help you understand the required documents, collect the necessary university payment information and proceed through the applicable international payment route.
For assistance with your education payment, contact Go Monytrip at 8872111977 or gomoneytrip@gmail.com.