Today, education is expensive, especially advanced PG courses and degrees. There are foreign education courses that may rip you off financially. Fret not. There are lenders offering education loans, monetary assistance for meritorious but financially deprived students in a country.
Before taking any education loan, ensure that the course is full-time, a postgraduate degree in engineering, technology, medicine, architecture, management, or math and statistics. Banks and financial organizations offer most of the career loans to assist students to pursue higher or foreign studies. The loan covers all expenses like admission cost, library fees, tuition and exam cost, expenses for buying new books, computers or laptops. Some of the lenders also offer two-wheeler loans if the college is far off. For overseas studies, travel expenses are also included in a career loan.
If an aspiring candidate is studying in the US, the loan covers insurance costs because medical expenses are high out there. Therefore, there are many things associated with a career loan. The lenders walk the extra mile to help talented and needy students so that the loan approval process is simple and hassle-free.
According to an article published on https://www.huffingtonpost.in, student and education loans are popular in the US. Did you know that over 44 million US citizens owe $1.5 trillion in career loans? For your better understanding, here are four things you must know about education or career loans:
1. Kind of security required
All education loans will require a co-applicant, joint borrowers. It can be parents, spouse, siblings, and even in-laws. However, smaller amounts do not require any co-applicant. The lender will not ask for co-borrower details in such a case. Read more here…