Indicators for education loan consolidation
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Indicators for education loan consolidation PowerPoint PPT Presentation

Educational Loans aims at providing financial support to deserving/meritorious students for pursuing higher education in India and abroad.

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Indicators for education loan consolidation

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Indicators for Education Loan Consolidation

  • There are several indicators that can point towards a loan tilting towards education loan consolidation. The determinants of this condition are usually based on the fact or condition that the financial situation of the borrower looks bleak. Usually, this kind of financial condition does not show promise that the borrower is going to be solvent enough to pay all their bills and take care of loan repayments.

  • A common indicator to all of these is the employment status of the student or borrower. Sometimes, this burden of offsetting loan repayments is on parents and not children or the student as it applies to federal student loans for parents.

  • Another indicator for an Educational Loans facility heading towards education loan consolidation is when a student is having some academic challenges. This kind of challenges could cause the results of such students to be in jeopardy.

  • Once they graduate with this kind of result, it becomes difficult for them to get a good paying job. Often times a job could come, but it is usually difficult to find a well paying job that can guarantee your bills with enough left for savings and loan repayments.

  • When these kinds of scenarios present themselves, it becomes more or less obvious that education loan consolidation may become the last resort to solve the problem. However, these kinds of situations do not always play out this way.

  • There are usually a few exceptions, especially for people who had planned very well from the onset. Many people choose to refinance for the benefit of lower payments and lower interest rate without being forced into refinance.


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