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"Education at all levels has become quite a costly affair in India. Whether it is studying for a postgraduate degree or meeting the cost of expensive courses Cheap Air Max 270 , good quality education has seen spiralling costs. While saving prudently for education is one of the ways to ensure you can afford a good quality education, another way of enrolling yourself for your dream course is to take an education loan.
What is an education loan?
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鈥?Education loan for Indian education:
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鈥?Central Government Interest Subsidy Scheme:
The Central Government has given an interest subsidy on education loans to students whose parents do not have an income above Rs. 4.5 lakhs. However, the courses that get this benefit are restricted. To get a benefit under this section, you need to provide a certificate from the State Government that proves your income levels.
鈥?Education loan for foreign education:
This loan is given out to students who are looking at studying abroad. The bank may finance either the whole course fee or part of the course fee.
An education loan is also called a student loan. Student loans usually do not start with repayment immediately after disbursement. These loans begin repayment a few months after the completion of the course. This period is known as loan moratorium.
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