Educational loans : Budgeting Education Loan

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Budgeting Education Loan
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• The rising cost of education has compelled
  students to find new ways of funding their
  studies.
• They strive to get scholarships and pursue
  financial institutions for borrowing student
  loans but still they remain short of money.
• Most of the students don't know how much money
  they need for pursuing their degree.
• They don't include hostel rent, books prices,
  commuting expenses etc. as their education
  expense.
• This may be the reason that a large number of
  college students always remain short of funds. A
  brief analysis of savings and expenditure will be
  of great help for such students.

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• The best way to find a scholarship is to read the
  literature. Remember scholarship is never
  returned. It is the free money, which you can use
  according to your requirements. Earn as much
  scholarships as you can and arrange maximum free
  money for your studies.
• Education Loan You can borrow education loans
  from Government or Private financial
  institutions. The government banks follow strict
  rules while lending loans to students.
• Private financial institutions such as Credila
  Financial Services (www.credila.com) on the other
  hand are hassle free with door step service in
  giving education loans to needy students.
  Applying for both types of education loans is
  wise because if a student fails to get government
  loan then still that student has a chance to get
  private loan.
• There is another way of borrowing education
  loans. Companies give loans to their employees on
  low rate of interest. Your father can borrow loan
  from his company fund for funding your education
  budget. Social organizations help their members
  by providing funds without any interest. You can
  take membership of such institutions for
  financial gains.

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• One must keep in mind that the loan has to be
  returned. However students can get some
  relaxation in time but they can't escape from
  returning their education loan installments.
• Repaying Education Loan
• Students must start preparation for repaying
  their education loan installments right from the
  day they enter college.
• Giving tuitions to juniors is the best way to
  arrange funds for loan installments. If you get
  enough time after attending college then you can
  do some part time job relevant with your course.
  It will give you double benefit.
• One you will get money and the second you will
  get experience. None of the degrees available
  guarantee a job that is why it will be beneficial
  if you start arranging fund for paying education
  loan installments right after you get the loan.
• Source http//ezinearticles.com/?Budgeting-Educat
  ion-Loanid1252095

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