Pankaj Mathpal of Optima Money Managers suggests that education loan should be taken in the name of student. So that student can claim the benefit under Section 80E.
Mortgage financier Dewan Housing Finance Ltd (DHFL) today entered the fast-growing education loan segment where it aims to have a portfolio of Rs 200 crore in the first year of operation.
State-run Union Bank of India today reduced education loan rates by up to 2 per cent, and a category of home loans by 0.25 per cent, as the focus of the banking industry shifts to retail borrowers.
In an interview to CNBC-TV18, Anil Rego of Right Horizons talked about what is the best way for students to avail an education loan. He also gave some options on how one can apply for educational loan if they don‘t have any residence proof.
Mr. Niddhikrishnan Iyer (name changed) was elated to know that his son could manage to pass one of the toughest examinations of a management entrance test.
Now when the cost of education is only moving upwards, it is constantly worrying those parents who want their children to pursue higher education. To finance the high priced higher education is a matter of concern for all such parents.
The parents of this generation are more aware of the financial implication of providing world class education to their children. Often, parents’ dream of sending their children abroad for their Graduation / post graduation; the quality of education and consequent prospects of superior employment opportunities being the prime drivers.
Exam season is at its feverish pitch. Like every year, lakhs of students in India are appearing in these exams to undertake higher education in their dream institution.
Being a financial planner, talking about money, dreams, goals and needs have become a part of my day to day life. Every minute we work, that’s all we talk about: how to make most of your money, to get the maximum return on investments, how to fulfill your goals etc.
The Union Budget has always been at the centre of attraction in the month of February every year looking at the importance it holds for households, companies, investors, FIIs and for many other stakeholders.
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