Financial Education Resources For Education Loan Borrowers - PowerPoint PPT Presentation

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Financial Education Resources For Education Loan Borrowers

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Title: Financial Education Resources For Education Loan Borrowers


1
Financial Education Resources for Education Loan
Borrowers
2
  • Students from all walks of life can use a student
    loan for studying abroad or back at home. But,
    few are financially equipped to understand
    education loan and its consequences as new
    graduates. Every student needs to access certain
    financial resources to understand these loans,
    repayments and personal finance management. This
    will empower students to make well-informed
    decisions in this field.

3
  • Even an interest-free education loan can have a
    vast impact on your personal finances. A student
    loan can not only influence your monthly cash
    flow but also your credit score. Thus, it affects
    your ability to borrow for home and car. So,
    explore the financial resources stated in this
    article to make smart decisions.

4
Documentation
  • Some students get an instant interest-free
    education loan on scholarship. Others have to
    borrow on high interest rate. Either way,
    documentation is a vital part of financial
    education. Because it outlines all the
    possibilities and risks. For example what is a
    prepayment rate for your education loan?

5
  • What will happen to your education loan interest
    if you default your loan? What can be done if
    your current education loan interest is too high
    for your salary? All the details of your loan are
    clearly mentioned in your terms and conditions.
    However, some details may change over a course of
    time. So, ensure you are reading a right
    document, though.

6
Online Resources
  • Several public and private lending organizations
    have a huge wealth of information. Be it a
    magazine, a website or an email newsletter, you
    can access several education loan details online.
    So, find the necessary resources. Financial
    blogs, newspapers, magazines and journals are
    great resources.

7
  • You can understand everything through these
    articles. Some may render it unnecessary if they
    have an interest-free education loan. But, that
    can become a challenge for an unprepared
    borrower. So, take caution. Stay prepared.

8
  • All borrowers must remember a small detail. All
    online information may not be applicable to you.
    These details are influenced by organization,
    government, time, and opinions. So, read recent
    and useful information from authoritative
    resources. You can learn about savings and
    budgeting. You can plan leisure getaways while
    paying education loan EMI. You can find ways to
    repay interest-free education loans quickly. You
    can understand how different factors influence
    education loan interest and so much more.

9
Conclusion
  • If you understand the basics of personal finance,
    you can save better. Understand your loan
    documents and contact relationship officer at a
    right time. You can pay off your education loan
    in easy and timely manner, befitting a
    professional. That will put you miles ahead of
    other professionals when it comes to making big
    decisions of life confidently. It is the best
    start of your financial education indeed. All the
    best!

10
Source http//www.sooperarticles.com/education-ar
ticles/financial-education-resources-education-loa
n-borrowers-1424906.html
https//www.facebook.com/AvanseEducationLoan
https//www.linkedin.com/company/avanse-financial-
services
https//twitter.com/avanseeduloan
https//plus.google.com/AvanseFinancialServicesLt
dMumbai
https//www.youtube.com/channel/UCcsuUx1EH1C08XmX2
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