Planning to study abroad on a loan? Here’s how you can tackle the debt if unemployed
“What if I am unemployed after graduating. How will I repay my loans?” the prospect of studying overseas on a loan may lead to worrying thoughts. Indeed, such apprehension can trigger stress and ignite second thoughts about the decision.
But, the script does not have to be this dire. You can rewrite it and ensure a happy ending.
Experts we spoke to have outlined some solutions that — if executed well — should allow students to push their loan repayment worries away and focus on their academic pursuits.
Investment tools
In the absence of a current source of income, the most foolproof alternative is to explore investing through a well-diversified portfolio. “Utilising their savings in varied, well-researched investment tools and earning returns will help students be prepared for loan repayments,” says Amit Singh, Founder of education loan firm UniCreds.
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