by Namrata Sukhtankar | Feb 22, 2024
Collateral refers to assets or property that a borrower pledges to a lender as security for a loan. In the context of study abroad, collateral can play a significant role in securing various types of financial support, such as student loans or private funding for...
by Namrata Sukhtankar | Feb 22, 2024
A credit score is a numerical representation of an individual’s creditworthiness, providing a snapshot of their credit history and financial behaviour. In the study abroad ecosystem, having a good credit score is crucial for various financial transactions and...
by Namrata Sukhtankar | Feb 24, 2024
Default occurs when a borrower fails to repay a loan according to the terms specified in the promissory note. In the context of study abroad loans, defaulting on a loan can have severe consequences, affecting the borrower’s credit history, financial stability,...
by Namrata Sukhtankar | Feb 24, 2024
Due diligence refers to the careful and thorough investigation and assessment of financial options, institutions, and terms before making important decisions. In the context of study abroad financing, due diligence is a crucial process that students should undertake...
by Namrata Sukhtankar | Feb 22, 2024
FAFSA stands for Free Application for Federal Student Aid. It is a form that students in the United States use to apply for financial aid from the federal government, including grants, work-study opportunities, and federal student loans. FAFSA plays a crucial role in...
