December 26, 2022 05:50 PM IST

Checklist for an education loan

Biden student loan plan squarely targets the middle class

According to independent analyses, the people eligible for debt relief are disproportionately young and Black. And they are concentrated in the middle band of Americans by income, defined as households earning between $51,000 and $82,000 a year.

What to do if you go off track on your financial goals

Since financial markets are volatile, you have to assess if you are on track towards your financial goals. A few small tweaks can help you stay on track, when things appear off track.

Simply Save | Students & parents must check their financial preparedness while obtaining educations loans

Students can obtain education loans once they secure admission letters is one of the biggest misconceptions, Arindam Sengupta of Edufund tells Preeti Kulkarni

Are student loans from foreign fintech firms a good idea?

Planning to apply for foreign education loan? Know the do’s and don’ts

Financial institutions process education loan applications after evaluating the admission letter because education loan amount varies with the country, program you have applied for, university offering the admission and several other factors.

Studying abroad? Be aware of these 5 additional costs linked to your education

First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.

Warburg Pincus-backed Avanse records 3X growth in education finance disbursements

Avanse claims it is on a robust trajectory to grow at a CAGR of 20-25% over the next three-five years

How to plan your children’s education goals in an uncertain world

Planning for a child’s education in an uncertain and complex environment is tough. Be flexible in your planning and keep topping up your SIPs with surpluses to stay ahead

Banks trim lending to students, fearing high defaults

Students are struggling to get jobs after completing their courses on account of factors such as the impact of the pandemic and the ongoing Russia-Ukraine war and this is affecting their ability to repay loans.

Went to Ukraine on education loan, returned midway. Will banks give relief to students?

Banks may be willing to restructure loans taken by students who returned to India from Ukraine on a case-by-case basis. Those planning to change colleges should do the math to see how much more they need to borrow and how much the equated monthly instalments would add up to.

Education loan firm Avanse Financial raises Rs 357 crore via securitisation transaction

Avanse offers loans to students for pursuing education in India and abroad, for e-learning, and lends working and growth capital to education institutions in India.

Five money matters to consider before flying abroad for higher studies

Factors such as differences in currency rates, repayment of loans and daily expenses often tend eat into your already tight budget

Challenges in funding children's education abroad

Financing your child’s higher education? Here’s how you can do it systematically

Although an education loan largely consists of tuition fees, it is important to understand all the ancillary expenses that will be incurred during the tenure of the course

All you need to know about the SBI Global Ed-vantage overseas education loan

Don't let the paucity of funds come in the way of your dream of a great education, because there is no better investment you can make in yourself than learning! And with SBI Global Ed-Vantage overseas education loan, you can make the most of this opportunity.

Planning to study abroad? Here are your funding options

With tuition fees, accommodation, living and travel expenses, the whole program can be twice as expensive as an Indian wedding

3 steps to ensure your international education loan is sanctioned

To maximize their chances of receiving education loan approval, students should research lenders thoroughly

Education loans, quarantine costs and scholarships: All you need to know about studying abroad

Some banks cover the quarantine cost along with the education loan, based on the country and university to which you are headed

How Study Now, Pay Later option works

Bank of Baroda, Union Bank offer the lowest rates on education loans

Top ten cheapest rates range between 6.75 and 7.15 percent

Education loans: How to choose from banks, NBFCs and fintechs

While interest rate is the primary deciding factor, borrowers should also consider the margin amount, repayment tenure and the moratorium period

State Bank of India, Punjab National Bank offer education loans at 6.9%

Union Bank’s interest rate on education loans even lower at 6.8 percent

Union Bank, Central Bank and Bank of Baroda offer the lowest rates on educations loans

Education loan rates start from 6.8 percent. SBI and Punjab National Bank charge marginally higher rates

Want a loan for online coaching or certification classes? Be ready to pay higher interest

You can get education loans for regular courses that are offered online temporarily due to the pandemic. But for online classes offered by start-ups, you may need to borrow at personal loan rates