Revolving Credit

In the context of personal finance, revolving credit, commonly associated with credit cards, allows individuals to borrow up to a predetermined credit limit. Unlike instalment loans, where borrowers borrow a fixed amount and repay it in regular instalments, this...

Scholarship: Definition, Meaning, & Types

A scholarship is a financial award given to students to support their education. Scholarships can be based on various criteria, such as academic achievement, extracurricular involvement, leadership, and specific talents. They play a crucial role in making...

Unsecured Loan

In the context of study abroad financing, students may explore unsecured loan as a financial option to cover educational expenses. Unlike secured loans, which are backed by assets like a car or property, unsecured loans do not require collateral and are approved based...

Unsubsidised Loans

Unsubsidised loans are a type of student loan that is not based on financial need, and interest accrues from the time the loan is disbursed. In the context of study abroad financing, these loans are a common financial tool for students to cover educational expenses,...