Education Loan

Going by the QS World University Rankings, India is only second to the highest student enrolments in universities around the world. With each passing year, thousands of Indian students leave their country to pursue an education abroad. It is common knowledge that an abroad education would cost more than what pursuing an education at an Indian institute would. It is quite common for students to be needing financial support when it comes to taking care of their academic expenses. If you are wondering whether taking a student loan for studying abroad is worth it, then let us look at the following factors to find out: You do not have to touch your savings -  Without a student loan, it is quite a struggle in paying off the term fees of the university every semester. You have to constantly keep worrying about the finances, which would ultimately put a strain on your academic performance as this would affect your focus. However, with a student loan for studying abroad , ...

Going abroad for further studies can open up a wide world of opportunities for you. Maintaining a good academic record is a part of the process of gaining admission to foreign universities. You also need strong finances to back you up. While bank financing can be a real blessing, you would require the right guidance when it comes to your student loan application to ensure that you get the best deal suited to you. To help you out, we have listed five handy tips to follow for your student loan application. Figure out your paying capacity Before taking out a student loan, you should figure out how you plan to pay for it. If your parents are helping you with payments, do sit together and run up an approximate calculation. Also take into account the average salary that you might earn as soon as you graduate. This will help you plan your expenses and let you know how much of your salary will go into paying back the loan. Additionally, this calculation will also help you figure if ...