Why Education Finance Holds The Secret To Growth In Future

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Education Finance
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Why Education Finance Holds The Secret To Growth
In Future

• Parents investing their savings to fund a child's
  education highlights the failure of the finance
  sector and society in spreading awareness about
  education finance.
• Why would you liquidate the assets to send the
  child abroad for higher education?
• It's the kind of mistake that could cause an
  imbalance in their lives until the son or
  daughter starts earning.

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How Education Finance Fuels the Dreams of
Children

• Not every student could afford to apply for a
  course in their favorite field or get admission
  to their favorite college.
• What next? Parents could either start searching
  for a secondary set of options, take money out of
  savings accounts, or go for Education Finance.

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• A savings account or assets offer a sense of
  assurance knowing the family could withstand an
  emergency if tragedy strikes. They don't want to
  expose themselves by putting everything in the
  child's education. In an ideal situation, parents
  wouldn't want to depend on their children after
  retirement or old age. It would defeat the
  overall purpose.
• An education loan meets all education-related
  expenses. It offers the parents a breathing
  space. Your child would manage without asking for
  help or cutting down on resources. The tax
  benefit aspect of financing the higher education
  of a child is an additional benefit.

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Why Students Prefer Education Finance

• Students advise parents to avail of education
  finance.
• The moratorium period is such a feature that
  helps them to have time on their side without the
  pressure to pay during the time they're looking
  for a job.
• In plain language, students have a window of six
  to twelve months to not pay after finishing off
  the course.

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