Category: Education loan

Benefits of refinancing an education loan

What does refinancing a loan mean?   Refinancing an education loan lets a new lender take over the existing loan and pay out the old lender. The new lender typically offers a lower interest rate on your loan, may offer a refinancing bonus, and provides better pay-back terms and service, making the shift attractive.    Why do […]

Education loan process for the UK.

The United Kingdom has been one of the preferred global destinations for Indian parents who want to send their children abroad for higher education.  The thought is exciting enough as it opens new doors of opportunity for a flourishing career but it requires a considerable sum of money that every parent cannot afford. Education, especially […]

Simplify Child Education Loans: Expert Tips

Today’s expanding world of opportunity benefits greatly from an education loan. Your child has so many educational courses to choose from. A decent education is essential for your child’s growth and development, and several institutions throughout the world provide student loans with low-interest rates to those who cannot rely on their savings. Banks and other […]

How to Repay Education Loan?

An education loan is a great means to end a dream college! It can enable you or your child to attend their dream university or course. Kickstart their careers. While it is a great medium for securing your end goal it requires planning and systematic payoffs. Paying off your education loan on time can  raise […]

How to avoid an education loan when your child wants to be a doctor?

MBBS is considered one of the most expensive degrees in the world – it costs up to Rs. 1 Crore to study MBBS from a private university in India today. In the 10 years, this cost will only increase further – thanks to the impact of inflation. If you are those lucky parents whose children […]

What is an Education loan & How does it work?

Business Insider says, “The average expenditure on a child in India is ₹8,331 per annum. The average fee for enrolling in a professional course for higher studies can go above the ₹72,000 mark.”  According to Yourmoney.com, “Around 65% of parents set money aside for their children’s education once they turn 3”. But despite efforts to […]

Best way to explain education loan to your child

In the previous article, we discussed how to plan for your child’s bachelor’s in Australia. In this article, we will talk about what to tell your child about education loan It is quite interesting how one day students go from choosing their study course to choosing a student loan for their higher studies. Many students […]

The Pros and Cons of Taking Education Loans

In today’s rapidly evolving world, education plays a vital role in shaping our professional paths and opening doors to countless opportunities. However, the rising cost of education often poses a significant financial barrier for many individuals. This is where education loans come into the picture, offering a way to finance higher studies and bridge the […]

How to find the best Education loan for a child’s education?

Education loans offer instant financial relief. But before we guide you on how to find the best education loan for yourself. Here is a sneak-peak into the rising costs of education and what kind of loan amount you might need. The cost of education, especially higher education, is increasing at a rapid pace. For instance, […]

What is the Loan forgiveness process?

Studying abroad may be a rewarding experience that opens up a world of knowledge and opportunity. However, pursuing education abroad sometimes entails a significant financial load. Many students may end up with large student loan debt as a result of the cost of tuition, living expenses, and other related fees. Thankfully, there is hope in […]