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Understanding Education Loans

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Understanding Education Loans

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  1. Education loan

  2. Understanding Education Loans • Education is expensive and Higher education is all the more expensive especially foreign education. • Hence the need for education loan, which is a  financial aid given to meritorious but needy students for meeting the expenses of their higher education in India or abroad. • In this article we shall explain education loan, what it is, process of getting education loan, repayment, tax benefits under section 80E.

  3. How expensive is higher education? • Education has become very expensive and Higher education is all the more expensive. • Our article Rising Education costs ! covers survey which shows school education for a child in 2011 costed Rs. 94,000 annually for single child.  • Example of fees of higher education is given below .

  4. What is education loan? • The course should necessarily be full time. • It can be graduate or post-graduate course in technology, engineering, architecture, medicine, management and applied or pure sciences, including mathematics and statistics etc. • It can be pursued in India or abroad. • One gets tax deduction for education loan taken.

  5. Who gives out education loans? • Most of the financial institutions and banks give out educational loans. • As the Reserve Bank of India (RBI) has included education loan as part of the priority sector lending of banks, the public sector banks are at the forefront of such loans. • Source:(http://www.bemoneyaware.com/blog/education-loans/)

  6. https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

  7. Read more on Education Loan : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

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