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Women in India have made great strides in several fields in the last few decades. Whether it is in the international boxing ring, the corporate sector, or in the army, they have time and again proven that women can reach great heights if given the right support. The first step in any journey to the top is getting the right education.
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Looking at the Wonderful Benefits of Education Loans for Women
Presentation Outline:- I. Introduction II. Covers non-academic expenses III. Offers affordable interest rates IV. Can be paired with scholarship programs V. Funds technical courses VI. Social Links
Introduction Women in India have made great strides in several fields in the last few decades. Whether it is in the international boxing ring, the corporate sector, or in the army, they have time and again proven that women can reach great heights if given the right support. The first step in any journey to the top is getting the right education. However, many women face a lot of obstacles when it comes to getting financial assistance for their education. They are often side-lined and end up compromising on the quality of their studies. In such scenarios, an education loan for women can be the ray of hope one is looking for.
Covers non-academic expenses Such loans aim to make higher education more accessible to all women. Targeted at those looking to pursue their graduate and undergraduate studies, these loans cover not just your academic expenses but your non-academic costs as well. Expenses such as rent, travel ticket fare, laptop charges, and so on are usually covered.
Offers affordable interest rates When you take an education loan for women, there is a chance that you may incur lower interest rates as compared to regular education loans. Lenders provide these low-interest rates to encourage more and more women to opt for higher studies. The interest rate is likely to differ from lender to lender. The lower interest rates are also expected to give a positive push to parents and guardians to support the education of their daughters.
Can be paired with scholarship programs What’s more, you can enjoy the benefits of an education loan for women along with the advantages of a scholarship. There are many scholarship programmes designed for women looking to pursue higher education. Many people are under the misconception that scholarships cannot be paired with education loans, however, that is not true. There may be certain conditions involved in the process, so it is advisable you contact a lender that offers an education loan for women and have a conversation with them regarding this.
Funds technical courses One pertinent point to be noted here is that educational loan lenders tend to lean more towards technical courses. This is a plus point for women as they will be given more motivation to pursue such courses. The number of women in STEM (Science, Technology, Engineering, Mathematics) is quite less as compared to their male counterparts. Studies have shown that young girls are often interested in STEM fields but get discouraged as they get older due to a lack of support. An education loan for women that takes care of their educational finances can be the source of support a lot of young girls need.
Funds technical courses By opting for an education loan for women, young girls take their first steps towards financial independence. A degree from a distinguished university has the potential to open your life to immense opportunities. With the right amount of dedication and hard work, women can create the life of their dreams and become financially independent. Related Blog:- Looking at 3 lesser-known facts about education loans
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