mageshkannan
Joined: 06 Mar 2013
Posts: 36
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 Posted: Thu May 16, 2013 8:23 am Post subject: Education loan and respective options |
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Before applying for an education loan, it is important that every student and parent sits down and goes through the details in a planned manner so that most can be made out of this personal loan opportunity. With almost 90% of students applying for education loans, the choice is pretty wide. That said with the kind of offers made to students in this regard, there are more chances to get sidetracked and miss the underlying intent of the process.
Students and parents who apply for these loans should take into account the future ramifications of applying for such a loan and then apply for a loan. Education loan is unlike other personal loans in some aspects because terms and conditions pertaining to such a loan imply future repayment and this makes future assumptions regarding job opportunities very important. This also reflects on the choice of the university one wants to study in.
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