US education can be quite expensive. Tuition, room and board at an undergraduate institution will cost from $15,000 to $40,000 a year, depending on the school.  A graduate education can be even more expensive. There is very little financial aid for foreign nationals to study in the US, with most grants, scholarships, and loans from public and private sources are restricted to US citizens. As a result, international students will find very little information about financial aid for international students.

Preparing a Budget
When preparing a budget, you will need to account for the following costs:
Application fees average $50 to $75 per school.
Academic entrance examinations will cost you about $100 to $200 per examination, and most students take at least two tests. Assume that you will be spending at least $500 on tests.

Tuition and fees will cost between $5,000 and $30,000 per academic year (nine months), depending on the type and quality of institution.

Books and study materials will cost $500 to $1,000 per academic year.

Travel costs to the US vary, but will be between $500 and $2,000. Travel costs within the US will be between $300 and $700.

Room and Board will cost between $3,000 and $7,500 per academic year. Allow an extra $1,000 to $2,000 for vacation periods when the dormitory might be closed.

If you will be living off campus, the cost of renting an apartment will be between $300 and $600 a month, but could be substantially higher depending on the location of the school. Meals should cost about $2,500 a year, assuming that you do not eat in restaurants too frequently.

Clothing will cost $500 or more a year.

Health insurance will cost $300 to $500 a year for one person

Personal expenses will cost about $2,000 a year.

If you intend to buy a car, assume that it will cost you about $4,000 a year.

If you will be traveling during the summer, assume a cost of $50 to $75 a day for tourist activities. If you will be continuing your education during the summer, add half the figure you calculated for the academic year.

Making a table as below will help you understand where the dollar is being spent

When preparing a budget, making a table as below will help you understand where the dollar is being spent.

Assume that your costs will increase by 5% each year due to inflation. Don’t forget to include an allowance of about 10% to account for fluctuations in exchange rates.

When calculating the annual cost of a US education at a particular college or university, add at least $6,000 to the published cost of tuition, fees, and room and board.
Because sources of financial aid to study in the US are extremely limited, you will have to be resourceful and explore every possibility. 

Aid from Your Home Country

One of the best sources of financial aid to study in the US, are organizations in your own country. The nearest educational advising center may have information about local sources of support.

Your own government may have financial aid available. Contact your ministry of education for more information, since there are many awards, which require you to be nominated by your government.

There may also be private organizations in your home country that provide support for study in the US. Businesses, foundations, and religious groups might have funds available.

Aid from International Organizations
Of the few private scholarships for international students; most require that you apply from your home country. If you are already in the US you might not be eligible. So you should search for financial aid before you arrive in the US.

Some international organizations offer funding for graduate students to study in the US. These include the United Nations, the Organization of American States (OAS), AMIDEAST, the International Maritime Organization, the International Telecommunications Union, the League of Red Cross Societies, the Soros Foundation, the World Health Organization, and the World Council of Churches. These awards are extremely competitive.

Then there are the Fulbright scholarships are awarded to approximately 4,700 graduate students worldwide each year. Applicants are required to take the TOEFL and GRE or GMAT exams. Professional education, such as medical studies, is not eligible.

Aid from US Educational Institutions
Unfortunately the US government student assistance programs, including the Pell Grant, Stafford and PLUS loans, and work-study programs, are not available to international students.

Financial aid for international undergraduate students is extremely rare. Foreign graduate students have significantly more opportunities for financial aid than foreign undergraduate students do. The amount of financial aid for foreign graduate students is nevertheless limited.

Most support for graduate study is provided by the schools in the form of teaching assistantships and research assistantships. These assistantships are based on academic merit, not financial need. The school will probably require you to pass the Test of Spoken English (TSE) to qualify for a teaching assistantship.

Aid from Private US Organizations and Sponsors
There is very little financial aid for international students available from private sources, such as foundations and individual sponsors.
You're more likely to find a sponsor in your home country than in the US.

Loans
A few US banks will offer student loans to international students if the loan is co-signed by a creditworthy US citizen or permanent resident (holder of a "green card"). There may also be restrictions on the type of visa (F1 or J1).

Student loans from Indian Banks are definitely the better option