Gul started her education in Sangrur, in Punjab. However, her father’s army career ensured that, she moved to different places across India (and abroad).
As a result of this, she studied in 14 schools including Kendriya Vidyalayas (Chandigarh, Mhow, Leh and Wellington, Tamil Nadu), The Lawrence School, Lovedale and the International School of Lusaka, Zambia.
She did her Bachelors degree in Mathematics from Punjabi University, Patiala, and Masters in Political Science from Panjab University, Chandigarh.
As a student, Panag was interested in sports and public speaking. She won numerous state and national level debate competitions, including 2 gold medals at the prestigious Annual National Inter University Debate competition.
