Saturday, October 17, 2009

Education Loan

The new trend in current years with education for the students who want to improve their knowledge but they can not afford for the educational expense, they need to find the financial aid. There are some reasons why for this trend:
  • High cost of quality education
  • Reduced subsidy / financial support from Government
  • Student should continue and pursue education without break
  • No deserving student be denied opportunity to pursue higher education for want of financial support.
  • Loans for education is to be seen as an investment for economic development and prosperity
  • Knowledge and information would be the driving force for economic growth in the coming years
  • Human capital is national priority
The purpose of education loan is to provide the financial support from the banking system or financial institutions for students
  • Deserving/ meritorious students to get loans for pursuing higher education in India and abroad
  • Affordable terms and conditions
  • No deserving student is denied an opportunity to pursue higher education for want of financial support
Students can can apply to all commercial Banks operating in U.S or all private sector and Public Sector. When you come there, they will guide to you how to apply for education loan. The implementing bank will have the discretion to make changes suiting to the convenience of the students/ parents to make it more customer friendly.
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