Tag: Student Loan

28
Aug

How to differentiate between Co-Signer & Co-Borrower?

Education loan is significant support for students dreaming of studying abroad. Today, various financial institutions offer loans to aspirants abroad and transform their dreams into reality. However, getting loan approval is not as easy as it seems. Students do face many obstacles while applying for study abroad education loans. Students applying for a loan for higher education abroad usually opt

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14
Sep

Education Loan options in Australia

Australia is fast emerging as one of the most preferred higher education destinations for international students in the world. In the year 2018-19, nearly 870,000 students enrolled themselves in various degree courses in different universities and colleges in Australia. This number was about 8.8 percent higher than the number of international students enrolled in the previous academic year i.e. about

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6
Apr

FIXED vs VARIABLE INTEREST RATE on STUDENT LOANS: ADVANTAGES and DISADVANTAGES

A large number of students who go overseas for higher education, finance their education cost by borrowing money from banks and lending institutions. The lending institutions which lend money to students charge an interest on such borrowings. These interest rates are determined by banks and the rate of interest depend on a host of factors including the lenders profit margin,

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17
Feb

PROS & CONS OF STUDENT LOANS: INDIAN VS INTERNATIONAL LENDER (Part 2/2)

In the previous blog, we explain the Pros and Cons of taking education loan from Indian lenders and lending institutions. In part 2 of this 2-part blog series, Student Cover explains the pros and cons of borrowing money from international lenders and lending institutions to finance higher education overseas especially the US. If you haven’t read part 1, click here

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17
Feb

PROS & CONS OF STUDENT LOANS: INDIAN VS INTERNATIONAL LENDER (Part 1/2)

The increasing number of Indian students going overseas especially to the US in search of quality education has led to an influx of lending institutions willing to offer financial assistance. In addition to Public & Private Banks and Non-Banking Financial Companies (NBFCs) in India, students now have the option of taking student loan from international lenders as well. However, borrowing

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8
Jan

Impact of changing or leaving course or university midway on Education Loan status

One of the biggest worries of an Indian student who wishes to change or leave the ongoing study program midway in the US is regarding the education loan taken by him or her to finance it. This is because financial institutions lend money only after they are convinced that the borrower will be able to repay the loan after completing

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3
Jan

5 things to keep in mind before changing course or university midway in the US

To err is human, to rectify it is smart. There are times when one realizes that the path that one has taken is not going to take him or her to the desired destination. Deciding which college or university to study in or which study program (course) to get enrolled in requires meticulous planning. However, sometimes, despite clear focus and

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20
Dec

What are ISA loans and how do they work?

As the US Presidential election draws near, the issue of student debt has once again come to the fore. According to some estimates, students who have taken loan to finance their higher education in the US owe lenders as much as $1.5 trillion. To put this figure in perspective, that amount is roughly equal to 50% of India’s Gross Domestic

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30
Nov

20 Education Loan / Student Loan terms you should know (Part 1)

With increasing number of Indian students heading overseas to countries like the US, UK, Canada, Australia and New Zealand, the demand for overseas education loans has been growing steadily in last several years. Students seek education loans to pay the tuition fees and living expenses during the course duration and hope to repay it after securing a job overseas. And

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2
Nov

Student Cover’s guide to studying in the US: Part 5 – Preparing for Departure

In part 5 of 5 part Student Cover’s guide to studying in the US, we focus on the things that a student must do after getting admission in the College or University in the US. These include getting education loan to finance the program, arranging relevant documents to travel to the US, getting oneself insured etc. Arranging Education Loan Education

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