Education Loan

Imagine this, your college application has been accepted at the eleventh hour and you have to arrange the funds in a rush? Suffice to say that it will lead to absolute pandemonium. In such a situation, knowing how to go about the education loan application process could protect your from a chaotic and stressful experience. Keeping this in mind, the following article will highlight how the application process for education loan works. Knowing your education loan amount -  There’s obviously the college tuition, but besides this, if you are going to have to spend more, it is a good idea to include this amount in your loan. Your other expenses may include cost for course books, supplies, accommodation (if any). Another thing to keep in mind while calculating is that if the expense is not needed, then you should not include it. Like for example, if you don’t really need a new laptop, work it out and exclude that expense. This is borrowing more than need result in you paying i...

An investment in knowledge pays the best interest! Therefore, if you’re planning to pursue your higher education, it is indeed a wise decision. Now, you can make this already smart decision, a smarter one by taking an education loan to cover the cost. Doubtful?   Let us explain why this is a good idea even if you may have the money to cover the costs on your own. 1. You’ll have money for emergencies. Some students have their parents turn over all their funds to cover their education-related costs. But what if something were to happen? What if you suddenly need money to cover a medical emergency or some other financial exigency? You might be in a real squeeze then, but not if you take an education loan. This is because you will have all your savings intact and money to spare in case of an emergency. 2. Stay invested. Another big benefit of taking an education loan is that you do not have to liquidate your assets. You can stay invested and continue to enjoy your returns...