Seeking subsidised education loan? Check important details

Seeking subsidised education loan? Check important details

As the cost of education has increased manifold in the last few years, getting an education loan has become a compulsion for those coming from the Middle Class and economically weaker sections of the society. However, getting an education loan is not an easy task. More difficult is to get the benefit of the subsidised education loan facility provided by the government. The single reason for this is the fact that not all are eligible for subsidised education loan facility provided by the government. As per the Union HRD Ministry’s…

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Have a question on loans? This may help you

Have a question on loans? This may help you

> I plan to take a loan for my son’s higher education. Do I have to pay EMI from the day I get it? – Gaurav Singh No, in an education loan the EMI essentially starts after completion of the course. In the interim period, you may clear the interest component, every month. In this period, the interest applied is simple interest and not compounded. > I want to invest some money in stocks. Can I take a bank loan to invest? —KS Sujan As an advisor, I would discourage…

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Pay Off Student Loans The Smart Way

Pay Off Student Loans The Smart Way

Paying off student loans can be a financial nightmare. The system is loaded with confusing payment plan options, bad information and pitfalls to avoid — and one wrong move can cost you thousands of dollars. But if you know how to navigate, with federal student loans, you can find a payment plan that you can actually afford. Plus, if you qualify for loan forgiveness, you might get tens of thousands of dollars of debt wiped out. Here’s what to remember: Download a list of all your federal loans from this page…

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Even Borrowers Agree, Student Debt Is Worth It

Even Borrowers Agree, Student Debt Is Worth It

FILE – In this May 15, 2016 file photo, students embrace as they arrive for the Rutgers graduation ceremonies in Piscataway, N.J. ASSOCIATED PRESS The amount of student debt, in raw, cumulative dollars is unquestionably growing, inching above $1.5 trillion. As a result, you cannot find anyone in the press, punditry and political class who has not declared student debt a “crisis” or a “big problem” or a “warning sign” or something. Maybe it is. But it is not a bad investment. In fact, the incessant drum beat around a…

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Fall Behind On Your Student Loans? You Could Lose Your Job

Fall Behind On Your Student Loans? You Could Lose Your Job

Over 44 million Americans carry student loan debt and almost the same number of people need to get a government-issued occupational license to work. And currently, 15 states allow licensing boards to revoke the occupational licenses of workers who fall behind on their student loan payments . This authority can extend to any job that requires a professional license—including teachers and nurses—putting millions of Americans in jeopardy of losing their jobs and falling into government dependency. Today, Senator Marco Rubio (R-FL) and Senator Elizabeth Warren (D-MA) announced that they are reintroducing the Protecting JOBS Act,…

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Saving For Retirement In Your 20s: The Effect Of Student Loans

Saving For Retirement In Your 20s: The Effect Of Student Loans

While education is important, racking up student loans can put a big dent in your future savings.GETTY If you read the previous article about how and why to start saving for retirement in your twenties, you know how powerful of an effect time can have on your ability to compound your savings. If you haven’t read it, what are you waiting for? Time is of the essence. Saving money at a young age can be difficult for multiple reasons—minimum-wage jobs or entry-level salaries just cover your expenses, social pressures have you…

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PM Modi In Dharamshala As BJP Completes 1 Year In Himachal: Highlights

PM Modi In Dharamshala As BJP Completes 1 Year In Himachal: Highlights

PM Modi addressing a public rally-Jan Aabhar Rally-in Dharamshala. New Delhi:  Prime Minister Narendra Modi was in Dharamshala in Himachal Pradesh to mark a year of the BJP government in the state. PM Modi addressed a public rally-Jan Aabhar Rally-in Dharamshala. PM Modi also released a booklet on the achievements of the BJP government in Himachal Pradesh. Meanwhile, the opposition Congress observed December 27-the first anniversary of the BJP government in Himachal Pradesh-as “Nikamma Diwas”. The Congress demanded appropriate action against the BJP government by handing over documents of “scams” and “failures” of the…

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A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back

A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt. According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. Despite the majority of young people wanting to migrate away from renting, 48 percent have nothing saved for a down payment. One of the leading reasons, according to Apartment List,…

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In rare move, India’s top bad-debt buyer eyes consumer loans

In rare move, India’s top bad-debt buyer eyes consumer loans

While India’s soured debt is still among the biggest in the world, fresh bad loan formation for the top five banks has leveled off By Anurag Joshi and Saloni Shukla India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge that the supply of such assets may be leveling off, the nation’s largest buyer of bad loans is considering a rare move to start purchasing soured consumer debt. Edelweiss Asset Reconstruction Co. is setting up a team for that and seeks…

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Student-Loan Debt Is Crushing Millennials

Student-Loan Debt Is Crushing Millennials

In their 2015 song “Stressed Out,” which got an astonishing 1.5 billion viewson YouTube, the band Twenty One Pilots had a line lamenting student loans. Atlantic writers Conor Friedersdorf and Megan Garber declared the song to be the anthem of the millennial generation. Many educated millennials would likely agree — since 2006, student debt has approximately doubled as a share of the economy: The increase seems to have paused in the past two years, possibly due to the economic recovery (which allows students and their families to pay more tuition out of current…

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