Understanding Education Loans

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Education loan
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(No Transcript)
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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.

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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 .

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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.

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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/)

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https//www.facebook.com/AvanseEducationLoan
https//www.linkedin.com/company/avanse-financial-
services
https//twitter.com/avanseeduloan
https//plus.google.com/AvanseFinancialServicesLt
dMumbai
https//www.youtube.com/channel/UCcsuUx1EH1C08XmX2
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Read more on Education Loan
http//www.avanse.com/avanse-education-loans/
Thank You..!!!