Student Loans

Higher education helps students master the skills of their vocation, and thus, grow with the field. But many meritorious students do not have money to cover the costs of their higher education. A student loan helps such students. Even though such loans have become more accessible than they were before, many myths about them exist among students. Read this blog as it talks about myths about a student loan for abroad studies, debunks them, and improves your understanding of education loans in general.     1.      Education loans cover tuition fees only Students often believe that a student loan for abroad studies covers course tuition fees only. It is true in some cases; not all. Many lenders cover tuition and overhead expenses that come along with higher studies. Students often need to relocate to a different city from their hometown for their higher education. In that case, they need money to cover the cost of traveling to that city, the lodging, an...

Pursuing higher education in foreign lands is a dream of many but only a select few have the merit to do so. Those of them who do, often find the task of collecting funds to cover their higher education costs a difficult task. Most of them either bag scholarships or get education loans to cover those costs. An education loan is often the only option for funding higher studies. In this article, we will look at a few essential features of a good study abroad loan that you must keep in mind. 1)  Funds the total cost of a student’s higher education A student who decides to study in foreign lands will have to relocate there for the duration of their course. He/she will need money to cover the costs of appearing for competitive exams and fees of prep classes to prepare for those exams. He/she will also need money to travel to a foreign land and sustain a decent lifestyle there for the duration of his course. He/she will need money to pay the course tuition fees, library fees, buy bo...

  Do you want to study beyond your schooling years? Do you have money to undertake that challenge and fund your higher studies?   If your answer is yes to the first question and no to the next, this blog is for you. Education loans finance every aspect of higher education costs of students—be it in India or abroad. Some students pledge some of their financial assets as security against education loan amounts they borrow, while others do not do so. The education loan for which a student does not have to secure their assets as collateral is called an unsecured education loan . This type of loan is better than other types of loans as students have very little of their interests at stake when they use such loans. In this blog, we will give you 4 reasons why unsecured education loans are the best.   1.      Complete financing with no upper limit on the principal amount An unsecured education loan covers the higher education costs totally. It co...