Educational loans : Budgeting Education Loan - PowerPoint PPT Presentation

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Educational loans : Budgeting Education Loan

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IDBI Bank offers education loan for deserving and meritorious students who want to pursue higher education in India and abroad. Apply Now! – PowerPoint PPT presentation

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Title: Educational loans : Budgeting Education Loan


1
Budgeting Education Loan
2
  • The rising cost of education has compelled
    students to find new ways of funding their
    studies.
  • They strive to get scholarships and pursue
    financial institutions for borrowing student
    loans but still they remain short of money.
  • Most of the students don't know how much money
    they need for pursuing their degree.
  • They don't include hostel rent, books prices,
    commuting expenses etc. as their education
    expense.
  • This may be the reason that a large number of
    college students always remain short of funds. A
    brief analysis of savings and expenditure will be
    of great help for such students.

3
  • The best way to find a scholarship is to read the
    literature. Remember scholarship is never
    returned. It is the free money, which you can use
    according to your requirements. Earn as much
    scholarships as you can and arrange maximum free
    money for your studies.
  • Education Loan You can borrow education loans
    from Government or Private financial
    institutions. The government banks follow strict
    rules while lending loans to students.
  • Private financial institutions such as Credila
    Financial Services (www.credila.com) on the other
    hand are hassle free with door step service in
    giving education loans to needy students.
    Applying for both types of education loans is
    wise because if a student fails to get government
    loan then still that student has a chance to get
    private loan.
  • There is another way of borrowing education
    loans. Companies give loans to their employees on
    low rate of interest. Your father can borrow loan
    from his company fund for funding your education
    budget. Social organizations help their members
    by providing funds without any interest. You can
    take membership of such institutions for
    financial gains.

4
  • One must keep in mind that the loan has to be
    returned. However students can get some
    relaxation in time but they can't escape from
    returning their education loan installments.
  • Repaying Education Loan
  • Students must start preparation for repaying
    their education loan installments right from the
    day they enter college.
  • Giving tuitions to juniors is the best way to
    arrange funds for loan installments. If you get
    enough time after attending college then you can
    do some part time job relevant with your course.
    It will give you double benefit.
  • One you will get money and the second you will
    get experience. None of the degrees available
    guarantee a job that is why it will be beneficial
    if you start arranging fund for paying education
    loan installments right after you get the loan.
  • Source http//ezinearticles.com/?Budgeting-Educat
    ion-Loanid1252095

5
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http//www.facebook.com/idbibank
https//in.linkedin.com/company/idbi-bank
http//www.twitter.com/idbi_bank
https//plus.google.com/IDBIBank
http//www.youtube.com/idbibank
6
Read more on http//www.idbi.com/education-lo
an.asp
Thank You..!!!
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