How to get education loan to study abroad even if no parental income.
If you are planning to go abroad for higher education, and you come from a Middle class family the meager repayment capacity of your parent will no longer be a hurdle.
As the number of students going for higher education overseas has been rising steadily so has the number of funding options.
The options of Scholarships are too little and get to difficult to get.
The Cost of studying abroad is increased and with a big cost that can go into the crores. Despite grants, scholarships, and other financial assistance the net cost remains out of reach for many deserving Indian students.
Grants and Scholarships are restricted from various universes from overseas are restricted to a relatively small student base.
Educational Loans are great option for students. Education Loans are in two forms Secured and un Secured ones.
Few students get unsecured Education loan based on parental income potential.
Other students who have not financial back ground it has been very difficult to get education loans.
In the Secured loans, Parents income play significant role.
The student's academic records weigh little as the financial institution has assurance," says Eela Dubey, CEO and Co-Founder of EduFund.
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