What is an education loan and how to apply for one?
Posted by neha sharma on April 29th, 2019
The cost of good quality education is rising globally. To meet the costs of education, especially graduation and post graduation courses, investments and savings may not be enough. In such cases, the deficit can be filled up with an education loan. An education loan is a loan given to meet the costs of education. Typically, an education loan covers the cost of tuition for a given course and a few other expenses such as accommodation expenses, exam charges, library fees, project fees etc.
An education loan is given out to students enrolled in a particular course. These loans are offered at all levels of education i.e school, undergraduate studies, post graduate studies. However, a majority of these loans are for college education at both graduate and under graduate level.
An education loan is given both for education within India and abroad. Each bank has its own minimum and maximum loan limits. These loans are quite flexible and do not distinguish between the different types of courses, i.e full time, part time, vocational etc. The lender also does not restrict the subject of the course i.e an education loan can be availed for courses in all subjects. If you’re wondering how to get education loan for your studies, this guide is for you.
How to get education loan?
Few points to consider:
About the Authorneha sharma
Joined: April 18th, 2019
Articles Posted: 59
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