The cost of education has risen in recent years, and because students carry the bulk of the expenses, there is a strong rationale for institutional funding in this area. Having said that, attempts have been made to subsidise these exorbitant costs. For example, the IBA Model Education Loan Scheme is an attempt to devise a […]

A student loan is a handy and quick way to start your academic career without draining your bank account. Furthermore, student loans come with a number of advantages, including the chance to build a great credit history. All of these benefits make student loans a worthwhile and fair investment, but there are a few problems […]

If you’re considering taking an education loan to manage your finances at university, or if you’ve already taken out student loans, you might be interested to know about the average student loan payment.  Understanding what the average student pays – and how to estimate your own monthly payments – is critical for ensuring that your […]

Punjab National Bank is among India’s notable nationalised banks with its headquarters in New Delhi. Among India’s leading moneylenders, there’s even a PNB education loan to help several students who are looking to realise their dreams of education abroad. Due to this rising influx, several banks and financial institutions are making provisions to help a […]

Headquartered in Bengaluru, Canara Bank is the third-largest nationalised bank in India. With an increasing number of students looking to pursue higher education, banks and financial institutions are making provisions to help them realise their dreams. There are also a variety of Canara Bank education loan options available and in this article, we shall discuss […]

Allahabad Bank, founded in 1865, was one of India’s oldest public sector banks. Allahabad Bank merged with Indian Bank in 2020. All of the bank’s customers were transferred to Indian Bank, and Allahabad Bank effectively ceased independent operations on April 1, 2020. The Allahabad Bank education loan was also discontinued as a standalone product. Check […]

Indian Bank, one of the top public sector banks in India, was founded in 1907 and now has a large network of branches throughout the country. Indian Bank education loan is a financial option that students can use to further their education at prestigious colleges in India and abroad. Education loans from Indian banks have […]

Education is the one and only tool that not only aids individuals in navigating the world but also delivers far more than just worldly enhancement. The expectations of today’s education are different from those of the past; receiving a high-quality education necessitates a large number of resources. To counteract such extensive financial needs, the Indian […]

Karur Vysya Bank (KVB) was founded in 1916 in Karur, a tiny textile town with a rich agricultural history. Karur Vysya Bank (KVB), being one of the largest student loan providers, recognises the needs of students and offers exceptionally competitive college loans at lower interest rates. With a Karur Vysya Bank education loan, numerous students […]

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”] ‘South Indian Bank,’ one of the first banks in South India, was founded during the Swadeshi movement. Every year, SIB student loans help numerous students get admission to renowned […]

UCO Bank is a large public sector commercial bank in India, founded in 1943. United Commercial Bank was its previous name. Deserving and meritorious students seeking higher education in India or abroad can apply for a UCO Bank education loan.  A student must be an Indian national and have earned admission to a higher education […]

The State Bank of India is India’s multinational public sector bank with its headquarters in Mumbai. It is the country’s largest and leading public money lender. With an increasing number of students looking to pursue their educational dreams abroad, banks and financial institutions have been making provisions for them to realise their goals.  There are […]

When you commence your study-abroad journey, you will discover that there is so much in store for you. With a variety of courses to pick from, universities to examine, and housing options to consider, you will be spoiled for choice. What’s more vital, and something that many students tend to overlook during the initial phase […]

Avanse Financial Services education loan is a cutting-edge, education-focused NBFC on a mission that can provide seamless and inexpensive education finance to every qualified Indian student. Avanse Education Loan without collateral has assisted over 1,00,000 academic aspirants in over 50 countries, including India, the United States, the United Kingdom, Canada, Australia, Germany, and others, in […]

Education is critical in today’s information economy. Education enables us to reach new heights in our job, to live a better life, to raise our living standards, attain financial goals, and much more! Learning is a long-term commitment with the potential to deliver dividends unlike any other. With an educational loan, you may make your […]

With the rising cost of education, an increasing number of students are turning to student loans to cover their educational expenses. To accommodate this demand, banks and non-bank financial companies (NBFCs) are stepping in to give loans at extremely low-interest rates. Students have a variety of options to choose from depending on their needs (loan […]

Whether you like it or not, an education loan sanction letter is an inevitable component of acquiring funds for your higher education. When you review the terms and conditions for applying for education loans, you will most likely begin by filling out the application form. You will also see a list of documents that you […]

Do you dream to study abroad but don’t have the right financial resources to support you? Or have you got into an esteemed university and you’re looking for financial aid? If your answer to those two questions is a yes, then an education loan is your way to go. Let’s look into InCred education loan […]

MPOWER student loans believe socioeconomic mobility should be borderless. Higher education is key to this mobility but, unfortunately, millions of students struggle to get into or through school due to financial constraints. They are expanding the U.S. and Canadian higher education market to serve more of the planet’s highest-potential individuals, regardless of income, family background, […]

The Bank of Baroda, founded in 1908, is one of India’s oldest banks. BOB provides a variety of local and international services to its retail and business customers. For many years, the BOB Education Loan has helped thousands of students realise their ambitions of studying overseas. Female students are eligible for a 0.5 percent interest […]

A Prodigy Finance education loan is intended for students who wish to pursue their studies in another country. Since its inception in 2007, the firm has assisted over 20,000 students in obtaining more than $1 billion in funding for their postgraduate degrees without the need for cosigners or collateral. Prodigy Finance focuses on borrowers’ future […]

As a student who’s considering your funding options to study abroad, you’re bound to come across an HDFC Credila education loan. HDFC Credila is India’s premier specialised education loan company, offering rapid, no-collateral loans to both domestic and foreign students. HDFC Credila Financial Services provides education loans to students who want to study at over […]

With an Auxilo Education Loan, you can make an informed decision and take advantage of a wealth of fantastic advantages. As one of the finest study loans in India, they are jam-packed with perks that have assisted thousands of students in realising their aspirations and achieving a brighter future! Features & Benefits Of The Auxilo […]

If you’re going to college, there’s a decent chance you’ll get some financial assistance. Scholarships, grants, federal student loans, and private student loans are all possibilities. Borrowers typically do not pay taxes on student loans, although they may owe on portions of scholarships and grants. The amount of financial help you get might total tens […]

Debt repayment is an arduous endeavor, especially if you just pay the minimal amount needed each month. Payments must often be accelerated in order to become free and clear. To clear outstanding sums in this manner, there are two unique approaches: the debt avalanche method and the debt snowball approach. In today’s blog, we will […]

Whenever you take out a federal college loan, you have no control over who becomes your loan servicer. All federal student loan debtors are assigned loan servicers by the Department of Education. Although no current federal student loan servicer is flawless, some have a better reputation than others in terms of student loan payback and […]

Graduate subsidized loan for school is, however, no longer available. In 2012, the Department of Education ended its interest subsidy programme for graduate students, but it is still accessible to undergraduates in economic need. You can still obtain unsubsidized federal loans if you’re pursuing an advanced degree. There are other options for reducing the amount […]

You may have heard of student loan refinancing before, or you may have even read about it. If you’re an engineer with student debt, this article on student loan refinancing for engineers will walk you through the process of repaying your loans within the term specified. Let’s face it: an engineering degree comes with a […]

It’s uncertain how the Biden Administration will respond to calls to implement a new student debt cancellation policy. But, whether borrowers obtain a debt discharge as a result of new legislation or an existing programme, here’s what to think about in terms of how the student loan forgiveness tax liabilities, according to myFICO. On the […]

Being a cosigner on student debt is a tremendous responsibility. Cosigners must make payments if the primary borrower defaults on the loan. Even if everything goes as planned, cosigners may have a harder time qualifying for more credit or a mortgage. For many cosigners, it is feasible to be released from their student loan obligations. […]

Both credit freeze vs lock limit access to your credit reports. A credit lock, on the other hand, may be activated and deactivated instantaneously, but adding or removing a credit freeze needs a request to the credit bureau. Furthermore, credit freezes are free, whereas credit locks are only available as part of paid services from […]

The meaning of floating interest rates refers to a variable interest rate that changes over the duration of the debt obligation. It is the opposite of a fixed interest rate, where the interest rate remains constant throughout the life of debt. Loans, such as residential mortgages, can be acquired at both fixed interest rates as […]

Interest capitalization is when unpaid interest charges get added to your principal loan balance. This often happens if you’re still in school or you’ve qualified for a deferment or forbearance on your student loans. In these cases, you don’t need to make payments, but interest may still be accruing on your loan balances. Once you […]

Anyone seeking a loan or other type of credit, whether it’s a home loan, vehicle loan, personal loan, business loan or education loan, must have a credit score of 750 or above. Nonetheless, many lending institutions examine the credit report and credit notes in addition to the credit score. Any unfavourable information on a credit […]

When is the FAFSA due for fall? Well, to be eligible for grants, scholarships, federal employment i.e, work-study, and federal student loans, you must complete the Free Application for Federal Student Aid, or FAFSA for international students, for each academic year. However, federal, state, and institutional aid deadlines differ. The 1st of October and the […]

If you aspire to be an international student you may have considered the various ways of funding your education abroad. This is because most countries that accept students from overseas require financial evidence from the candidate to see if they are able to support themselves financially during their study abroad journey. Most students prefer taking […]

The cost of higher education abroad is a key element that dictates the sort of course a student enrols in, as well as the university they choose. The best way to fund your international studies is to take out an education loan. Various financing options are available from Indian banks, depending on the institution and […]

If you’re a student planning to secure an education loan to study abroad, understanding what an EMI is and how it works would be very helpful for you. An Equated Monthly Installment or an EMI is a very common term associated with loans – whether you’re talking about home loans, personal loans, student loans, or […]

[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] To pay off your education loan earlier, you must follow a certain set of practices that will decrease your loan payment period and help you achieve your financial goals faster. Getting a job after graduation is your first step to start the repayment of the loan in the […]

Most college students leave with a substantial amount of debt. According to the Federal Reserve, adults in 2019 who had college debt owed between $20,000 and $24,999. For those struggling with student debt, student loan relief options can sound like a dream come true. However, these programs are only available for federal student loans, not […]

If you are just out of college and living on a limited budget, paying off your student loans can be very stressful. Debt related stress can feel very overwhelming at times, but with some planning, you can stay on top of that stress and make progress towards paying down your debt. Before we get into […]

Often, private money lenders offer a scheme of variable rate student loans to loan borrowers who are taking on a new education loan or refinancing their existing loan. These loans, unlike fixed-rate loans which stay the same till repayment, fluctuate over the course of time.  Since variable rate loans have a tendency to keep changing […]

It happens a lot of times. The aid that helped you with your finance last year is not available this year or you don’t know how to finance your final semester in college. For many students, when they receive the financial aid for the next semester, there is a difference between the tuition now and […]

You can opt to switch your student loan repayment plans to lessen the burden on your finances. If you have taken a federal student loan, the standard repayment plan is of 10 years but it is possible to apply for an alternate plan with lower monthly repayments- this applies to both federal and private loans. […]

Getting a law degree can easily cost you a six-figure sum. This makes law schools particularly very expensive. I do agree that once you have this prestigious degree, your earnings will be pretty rewarding but before that, you will have to figure out how to pay for law school. Fortunately, there are a few ways […]

According to L3Harris, a global leader in airline pilot training, getting a commercial pilot’s license could cost more than $83,995 per year, while a private pilot’s license could cost around $11,500. Although these figures of the cost of pilot training loans do not reach the levels of a four-year degree from a university, going to […]

If you are a parent looking to save for your child’s future, you must have heard about the 529 plan. Right from their inception, they have been one of the best vehicles available to save for college expenses. However, they do have their own downsides and given the rise of options available today, it may […]

We as borrowers would always look for low-interest rates, right? Obviously, that decreases the monthly payments we make and thus minimises the overall cost of borrowing. However, do we have that option available? No, because banks and lenders want to stay in business. While we do have variable interest rate loans, which are pretty low […]

Having student loan debt following you like a shadow everywhere after you graduate is something that none of us like. Well, sometimes these debts may go above and beyond just debts to become a nightmare. In such critical situations, it may be wise to consult a student loan lawyer.  In this blog, you will learn […]

Broadly speaking there are three types of education loans available for students in the US. These student loan options are federal, private and refinance loans.  Federal loans are provided and backed by the government, while individuals, banks, credit unions and states offer private loans and refinance loans. Federal loans are more flexible overall and have […]

Let me be blunt. If you are looking for a quick answer to the question – Do student loans affect your debt-to-income ratio? – then the answer is Yes. Student loans do affect your debt-to-income ratio in multiple ways. But wait, there’s a lot more to it than just a yes or no answer. Has […]

Do you know what the most frustrating part of student loans is? Undoubtedly, the time when you have not started earning enough to pay off the principal you borrowed initially to get that job in the first place. I understand that paying off student loans can be hard irrespective of your income level. However, if […]

The Federal Direct Graduate PLUS Loan (Grad PLUS Loan) is a fixed interest loan programme that enables graduate or professional students to borrow directly from the U.S. Department of Education to help pay for their educational expenses. If you are also looking to pay for your graduate school then a graduate PLUS loan could be […]

The moment you leave school, your student loans will enter repayment in case they already haven’t. However, you will be glad to know that there is a ‘waiting period’ before you are asked to repay the principal you borrowed along with the interest. This sweet period that gives you freedom from those recurring deductions is […]

Loans are usually offered only when the collateral involved is good enough to cover a certain percentage of the principal, isn’t it? Although not all loans require you to bring collateral. Surprised? That’s actually true. Student loans are one of the most generous loans and there’s a particular type of student loan called – Signature […]

Debt is a key indicator of your financial condition. Ensuring your debt is at a manageable level is one of the foundations of good financial health. However, debt alone may not be sufficient to accurately indicate your financial well-being. Hence, we have this parameter called – Debt-to-Income (DTI) Ratio. It compares your debt payments with […]

Student Loans are indeed student-friendly. You as a student are given priority and your education matters the most to all federals and lenders. This is why you have a ‘waiting period’ before you are asked to repay the principal you borrowed along with the interest. This sweet period that gives you freedom from debt is […]

Student loans are a great way to finance your education. However, the drawback here is the high-interest rates and the compulsion of borrowing the full amount of a loan. What if I said you could have a credit card feature in your student loan as well. Withdraw/borrow only the amount you need. Sounds fascinating? This […]

The word ‘interest’ has two meanings. One that is liked by everyone and the other which is not-so liked by everyone. As long as ‘interest’ implies curiosity, we are good. You showing interest in a particular topic is good, someone showing interest in you is great but ‘interest’ associated with finance is not very well […]

The debt-to-income ratio often surprises a lot of loan applicants who always thought of themselves as good money managers. I am not just talking about students here. Even in the case of people who wish to buy a house, finance a car or consolidate debts, this ratio determines whether they’ll be able to find a […]

The process of getting a student loan sanctioned is tough and tedious. More often than not students end up borrowing more money than they need. This happens due to a number of reasons including last-minute changes in accommodation and scholarships. However, the main question at this stage is, what should be done with the unused […]

We’re all aware that paying off debt is critical. When you’re trying to keep up with all of your other payments and financial commitments, student loan debt can get lost in the clutter. There’s no reason to be alarmed if you miss a single student loan payment. You may avoid damaging your credit score and […]

If you have recently submitted the Free Application for Federal Student Aid (FAFSA) then the next step would be receiving a SAR. This acronym SAR stands for Student Aid Report. Now if you have never set your eyes on a SAR before, know that it is going to be a dizzying experience. This paper or […]

The Student Aid Index (SAI) will replace the existing Expected Family Contribution (EFC) starting from July 2023. Now, what exactly is this term – Student Aid Index? The Student Aid Index (SAI) is not a new scheme or policy. It is essentially a rebranding of the presently used term – Expected Family Contribution or EFC.  […]

Public Service Loan Forgiveness is a relief from having to repay federal student loans that were taken out to fund a post-secondary education. These are either in full or in part. In the United States, student debt has hit an all-time high. An estimated of 43 million people owing roughly $40,000 on average. Some of […]

Picture this: You are worried and tensed about securing a student loan for fulfilling your higher education dreams. Suddenly you receive a call or a text or an email from an unknown person stating that they work with the Department of Education and they can help you in acquiring a loan. Out of desperation, you […]

If you are a federal student loan borrower then you may be eligible for various student loan forgiveness programmes under special circumstances. You could have your loan forgiven, cancelled or discharged depending on your situation. Do note that these forgiveness programmes are not the overnight solution for your debt woes. However, they can help you […]

The fashion industry today is simply brilliant with an increase in demand for fashion designers and stylists. International brands, malls, in-house brands, and standalone brands, manufacturers, and fashion houses are hunting for budding designers with fresh perspectives from fashion designing colleges. You might want to pursue a career in fashion designing, and an integrated course […]

It is quite common for students to get confused between choosing a subsidized loan vs an unsubsidized loan. While some say subsidized loans are better and more convenient, unsubsidized loans have their set of benefits too! You must be filling out your application form and dreaming of a big future ahead! Education loans contribute majorly […]

The final stage of your study abroad student loan is the education loan disbursement. The term, ‘Disbursement’, refers to the transfer of the education loan from the lender to the borrower. In India, the disbursement process of education loans is carried out in various ways depending on the lender policies. This article will explain to […]

Whether you’re pursuing an MBBS in your home country or abroad, let’s face the fact that it has its own set of pros and cons. Studying MBBS today has evolved a great deal, no doubt. In fact, if you were to look at it 50 years ago, you would be taken aback by the kind […]

Let’s imagine a scenario where you’ve taken an education loan for your higher education abroad. You’ve successfully completed your degree and you’re on the hunt for a job. Let’s say that you’ve secured a position in an organization with decent pay. What are you going to do with your salary? Now as an international student, […]

Even though it is convenient to pay your student loan with a credit card, this process is not highly recommended as it can be tedious and expensive. Student loans generally form up for a majority of the consumer debts in a country. In the USA for instance, approximately 45 million people have a student loan […]

Funding for postgraduates degrees can help you finance your future studies, but the first search for master’s grants and bursaries is easier since these do not have to be repaid. A scholarship is a type of non-repayable financial assistance that is provided dependent on an individual evaluation of predetermined requirements – a scholarship would concentrate […]

If the cost of college begins to increase, more students are looking for options to get a quality education without breaking the bank; one option may be to attend school part-time with a help of a part-time student loan. According to Statista, over 6 million undergraduate students receive an education part-time per year. By enrolling […]

Adult learners in England would be able to use Advanced Learner Loans to support them to cover the expenses of higher schooling and preparation. Such loans pay for education for a variety of Level 3 to Level 6 classes, such as: A-levels Diplomas of Higher Education Qualifications for general and vocational What is advanced learner […]

You can only repay the student loan if your salary exceeds the repayment plan’s threshold level. Every year on April 6, the threshold numbers shift. The earliest you’ll begin repaying is either the April after your course’s completion or the April four years since the course began. When you are studying part-time, the repayments will […]

The United Kingdom is a veritable cornucopia of world-class educational facilities and job prospects – but as we know such world-class schooling comes at a price. With undergraduate courses comfortably hitting £20,000, studying in the UK is considered to be expensive (and that doesn’t even take into account rent and other living expenses!). Owing to […]

Education is the only scale on which human intelligence can be measured, and there is no other substitute for that.  Our parents have always told us how education completes life in every direction by demonstrating how to behave in a mature and balanced manner. There was a time when getting into top schools and universities […]

Taking an education loan is a huge responsibility. You have to take into account many considerations involved in an education loan, and it is not often easy to do this on your own. Factors like eligibility, income, loan size, and duration may be a little complicated to manage single-handedly. We know you wish to study […]

The decision to study abroad can be a life changing one, however, it does not come easy. While the competition of getting into the most prestigious universities in the world is fierce, other factors like funding can put a significant dent on your study abroad dreams. Being one of India’s largest education loan marketplaces, UniCreds […]

I want to study in London. My dream school is in London. When will I get to start college? Where will I get the funds from? Is a student loan a good option? How do I pay it back and how much interest will I owe when I graduate? Do these questions sound familiar? Every […]

Many applicants who are looking for a study abroad college loan to help with their PhD fellowships or Post Doctoral courses find it impossible to find lenders who can offer one. Owing to the uncertain length of such programmes, relatively few lenders recommend lending a study abroad education loan to students who intend to follow […]

Before I get into this article – “Education Loan Hack! Credit Score and its Importance in the US” I want to ask you a couple of questions.  What are the odds of –  Being ambidextrous? Getting struck by lightning? Finding a four-leaf clover? Winning the lottery? If you guessed 1 in 100, 1 in 3,000, […]

There are a lot of things I don’t understand.  For instance, why NFTs are being sold for millions of dollars these days, the relevance of CrossFit and why I was given the day off on St Patrick’s Day.  Someone once said, “It’s okay to not know new things but it is never okay to not […]

When it comes to choosing where you want to study abroad, New Zealand higher education costs is one of the most significant considerations to remember. New Zealand is one of the world’s most southerly island nations, but it isn’t necessarily the most accessible. As a consequence, the tickets to get there aren’t quite the easiest, […]

Studying at one of the best universities in New Zealand may be a smart choice for job opportunities, but it needs a large bank balance for which many students are pursuing an educational loan for New Zealand. There are several financial institutions in India and abroad that will support students get the college loan they […]

As the moment draws closer to offer letters from the B-Schools to arrive after the GD/PI rounds and the results are released, many MBA aspirants cling back and forth when investing their lives in the B-Schools due to their rising fees. But money is not anything that can deter someone from going into their dream […]

A career in medicine is no doubt, a noble profession, however, pursuing an MBBS course in India is not as straightforward as some of the other popular courses. Firstly, the cost of pursuing an MBBS course in India is quite high. Then there’s the added difficulty in obtaining a medical seat in some of the […]

A Pre-Approved Education Loan is a kind of personal loan that is given to banks’ current customers on the basis of their repayment history and account cash flow. These instant loans are issued by banks or non-banking financial institutions to clients who have good creditworthiness and have repaid the previous loans on time. Banks provide […]

It will take a decade or longer to pay off student loans. Over time, you may get frustrated with the lender, the loan terms or the loan servicer, or a combination of all three. It is quite possible to move the existing college loan from one bank to another one and to potentially make financial […]

While there are some obvious advantages for your bank account to find the right opportunity and eventually start making some real money, there is one obvious disadvantage: you actually have to pay back your student loan. Student loans can get complicated, especially if you’re not on top of all the terms and conditions. This article […]

In today’s world, educational loans have become a requirement, with more and more students choosing to study abroad. In fact, a lot of variables play a key role in deciding a student’s correct college loan. Students have to choose an education loan that is best suitable for them and still fits under the financial brackets […]

Predatory student loans lending comprises any activity that is unjust or coercive to the creditor. Typically, these activities favour the investor by making it more complicated or more painful for a creditor to repay a loan. Lenders who coerce, cheat or otherwise bully investors into accepting these predatory loan deals also make things harder. It […]

A credit freeze is something you can put in place to limit others from viewing your credit reports, including lenders. Freezing your credit is an extreme step, but it’s something that might be necessary if you’re dealing with identity theft and other measures, such as fraud alerts. Pros And Cons Of Credit Freeze Now that […]

If your friends or family members ever ask you to co-sign for a loan, give this decision plenty of consideration before you say yes. Nearly 40 per cent of co-signers saw themselves covering some or all of a loan or credit card debt. While the key creditors they were supporting could not make payments, according […]

For certain individuals, it is often challenging to pay large sums of fees for higher studies. The one thing that can help your hopes come true, though, might be student loans and the main principle of an education loan makes a lot of sense and is very useful, because you may not have access to […]

The most critical factor when it comes to debt is not how you pay it off, it is really managing to do it. So the right strategy to use is the one you believe you’re going to stick to. The greatest killjoy is debt. It will kill a budget, make it difficult for long-term financial preparation, […]

Whether we look at Indian banks or USA banks for education loans, the machinery that creates a system of borrowing from the bank varies on the financial structure of the country it belongs to. The Education Loan is a loan taken to pay tuition costs, hostel fees, and other associated expenditures for following a particular […]