What is a grace period for student loans?

Student loans are great financial tools for people who can’t afford to pay for their education outright. As the price of education is increasing, more and more people are finding themselves taking out student loans to cover the costs. Even though student loans can be useful, the interest rates might make them difficult to pay back. That’s where a grace period comes in. It’s not easy for students to get a job as soon as they graduate. They might need some time to save up money and get on their…

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Education loan: Income tax benefits, moratorium period, lower interest rates for IIMs and IITs

New Delhi: The cost of education is rising rapidly, especially, if you are considering to study at a reputed institute. Quality education is a must for a complete and successful life. In order to provide best possible education, parents consider to make an investment in mutual funds (MFs), fixed deposits (FDs), unit-linked insurance plans (ULIPs), etc., for the long term horizon. With the rising cost of education, there could be instances where one may fall short of funds. In such a situation, an education loan comes to rescue. It helps to…

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