Achieving the dream of an overseas education
2 years, 8 months ago

Achieving the dream of an overseas education

Live Mint  

You can fund your overseas education or that of your child’s using investments or education loans. If you are a parent or a student looking to take an education loan, here are a few factors to consider: Loan amount: Education loans usually cover the course fees and other expenses associated with getting an education overseas such as living expenses, examination fees, study material, travel expenses, and insurance. Margin money: A student must finance a fixed part of the financial requirement, or margin money,for overseas education and avail of an education loan for the rest. View Full Image Mint Interest Rate: Interest rates on overseas education loans depend on the tenure and ticket size of the loans. Repayment: An overseas education loan has to be repaid by the student.

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History of this topic

Saving for your child’s education abroad? Key advice from financial experts
3 weeks, 6 days ago

Saving for your child’s education abroad? Key advice from financial experts

Live Mint  

Securing your child’s education abroad requires more than just setting aside savings—it demands a strategic and well-structured financial plan. Education inflation is higher than regular inflation, and with the expected depreciation of the INR, parents need to factor in at least a 10-15% annual cost increase when planning for their child’s education abroad. Financial advice from experts: Rohit Beri, CEO …

Should you fund your child's foreign education with savings, a loan, or both?
1 month, 1 week ago

Should you fund your child's foreign education with savings, a loan, or both?

Live Mint  

As festivities bring families and friends together, dinner table conversations more often than not turn to children and their future. However, we do see increasingly students and parents evaluating overseas education for higher studies, with the top five destinations being the US, UK, Canada, Australia, and Singapore. Despite the rising cost of international education, many affluent Indian parents are eager …

Tips for students to manage their educational loans effectively
6 months, 3 weeks ago

Tips for students to manage their educational loans effectively

The Hindu  

Many students who opt for higher studies abroad also take an education loan to cover their expenses. One thing that many students do not realise is that repaying the borrowed amount is equally important to build a healthy credit score, which helps later in life when one is considering other financial products such as car loans, home loans, or credit …

All about education loans for studying abroad
1 year ago

All about education loans for studying abroad

Hindustan Times  

Education loans for studying abroad has evolved significantly since the initiation by the State Bank of India in 1995. Education loans for studying abroad: All you need to know In an exclusive interview, Amit Singh, founder of Unicreds, details all that a student should know before applying for an education loan to study abroad. There are several banks and non-banking …

How much money can parents send to kids Abroad?
1 year, 8 months ago

How much money can parents send to kids Abroad?

Live Mint  

India had limited foreign exchange reserves post-independence. Examples of permissible transactions are: higher education in foreign universities, medical treatment abroad, maintenance of close relatives staying outside of India, investments in securities abroad, emigration, going abroad for employment, etc. Remittance is prohibited for purchase of lottery tickets/sweep stakes, remittances for the purchase of foreign currency convertible bonds issued by Indian companies …

Education Loan: Things To Keep In Mind; Check Details About Vidya Lakshmi Portal
1 year, 11 months ago

Education Loan: Things To Keep In Mind; Check Details About Vidya Lakshmi Portal

News 18  

Pursuing higher education is a well-planned life event for many students and for their parents. As per govt’s ‘Model Education Loan Scheme’ one year moratorium is provided for repayment after completion of studies in India or abroad. Loan margin– Also known as margin money, it is the portion of the total cost that is the student’s own contribution while availing …

Applying for education loan? Here are 9 things to keep in mind
1 year, 11 months ago

Applying for education loan? Here are 9 things to keep in mind

Live Mint  

Studying abroad develops a global outlook and can be a life-changing experience that will open an array of promising and globally interconnected career opportunities for young aspirants. A research report by a consulting firm estimates that the number of Indian students opting for higher education abroad is set to grow to roughly 1.8 million by 2024. Student loans should cover …

International education loan: What students should not overlook while applying?
1 year, 11 months ago

International education loan: What students should not overlook while applying?

Live Mint  

2022 was a year of many ups and downs for students who were looking for an overseas education. In general, government banks accept three different types of assets as collateral security for secured education loans: immovable property, liquid assets, and third-party assets. For instance, public banks require a formality called the education loan disbursement letter which states the method of …

How to save enough for your child’s education abroad?
2 years, 3 months ago

How to save enough for your child’s education abroad?

Live Mint  

Planning for the child’s education is a key part of every parent’s financial planning. On the other hand, the parent who had been saving for their child’s education in an equity-heavy fund just before the onset of the Great Recession might have wondered where they went wrong with the whole ‘equity outperforms other asset classes’ messaging. Don’t chase hot tips, …

Preparing to fund your child’s higher education? All the things you should know
2 years, 3 months ago

Preparing to fund your child’s higher education? All the things you should know

Live Mint  

Who doesn't want to get a higher education degree from a reputed institution? Many times, parents have to sacrifice their retirement savings to fund their child's higher education, and at other times, students have to drop their dream of higher studies or study abroad. The first is getting an education loan, and the second is making an investment dedicated to …

Availed educational loan? These are 3 things to know
3 years, 2 months ago

Availed educational loan? These are 3 things to know

Live Mint  

When it comes to higher education, one of the wisest way of funding it is by taking an educational loan. “Second, you can avail tax benefit for having an educational loan." Now, as much as availing education loan can be advantageous in many cases, Deepak Krishnan, financial planner at Mangrove Wealth, said, for any kind of loan, it makes sense …

Education Loan for Higher Studies in India, Abroad: Know Eligibility, Documents Needed
3 years, 4 months ago

Education Loan for Higher Studies in India, Abroad: Know Eligibility, Documents Needed

News 18  

Education loan play a vital role in the development of one’s career. For those aspiring learners who want to expand their horizons and study abroad, the education loan acts as an ideal bridge. The lender will look at the placement rates for students from that course, the job prospects and the overall value that course has before they even consider …

Aspiring to study abroad? Here is how you can manage your education fees
3 years, 8 months ago

Aspiring to study abroad? Here is how you can manage your education fees

India Today  

Students aspiring to pursue the education of international standards and worried about high fees can now heave a sigh of relief. Spearheaded by Mr.Archish Mittal, Director, Managing Board of FP and Chaired by Dr. Henrik Syse, Former Vice-Chairman, Norwegian Nobel Committee, the Global Advisory Board of FinancePeer includes renowned experts from different domains which will guide and lead the organization …

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