Looking to apply for an education loan? This year onwards, you have to do this online through Vidya Lakshmi- a government run portal for students who seek education loans for studies in India and abroad. The website is maintained by NSDL e-Governance and operates under the guidance of the Finance Ministry, Indian Banks Association and…
When Sachin Tiwari finished his Masters in Business Administration (MBA) in 2010, he owed Rs 6 lakh to the bank towards his education loan. Not wanting to default on his loan or let the interest component balloon, he decided to make each day count and get rid of his education loan as fast as possible. […]
With changing times the education system of our country is continuously evolving to meet the needs of this increasingly specialized world. A number of specialized courses and programs such as vocational training courses, undergraduate and post graduate degree courses are being introduced as a part of this evolution. The education system will be advancing and […]
When planning for higher studies, the high cost of education both domestic and overseas can be a cause for concern. It is at times like this that an education loan may act as the rescuer. As the world becomes increasingly competitive and higher education becomes a necessity, there are education loan options aplenty. The following […]
The rising cost of education is one of the biggest roadblocks for students today. Especially for students from underprivileged backgrounds, higher education is often beyond their financial means. In order to improve the availability of higher education to less fortunate yet meritorious students, the government has introduced the education loan subsidy scheme. Scheme Objective […]
Higher education has become a necessity rather than a choice for Indians who intend to get ahead in life. But with skyrocketing costs of higher education, few of us can actually afford to fund higher studies out of our own pocket. Among the different options available to those seeking a loan for higher studies, education […]
It’s been a couple of years since I completed my engineering degree and I am about to change employers, moving on to working with one of the largest IT consulting and solutions firm in the world. A 4 year bachelor’s degree has earned me one of the more decently paying jobs, if not the most […]
With increasing competition and growing cost of education, applying for education loans has become commonplace these days. A computer engineering degree from IIT Bombay, it will cost you about Rs. 5.5 lakhs. At Symbiosis, a private university, a degree in design costs about Rs. 10 lakhs and one in law around Rs.11 lakhs. Higher studies, […]
The Delhi government recently launched the Higher Education and Skill Development Guarantee Scheme as part of its 70 Action Points framework. This scheme’s objective is to provide financial support to meritorious students through the banking system. As part of the scheme, students will not have to pledge any collateral or provide margin money, unlike one […]
