Overview of the different kinds of student loans available today Just like everything else, even education, be it at the school level or higher education is becoming quite expensive and parents are struggling to manage the expenses. These rising expenses have become a cause of worry for many parents as because of a lack of sufficient funds even deserving candidates are being forced to give up on their dreams of higher education.
Student loans have, however, given great relief to parents as they can be availed for different kinds of education needs. Some of the loans that financial institutions are offering for students are:
Loans for higher education: Most people are aware of this form of a loan. Students can now apply for a loan for higher education once they get through a good university. These loans not only cover the tuition fee but also the living and travelling expenses incurred for the completion of the course. School-fee loans: With expenses rising in every domain there has also been an exponential rise in school fees. Parents of children studying in reputed private schools have had to deal with multiple fee hikes over the last few years due to which many have even had to opt out of regular schooling. The school-fee loans come in as a great help in this regard, especially in the case of schools that demand upfront payment of the entire year’s fee. With this arrangement, parents get the required time to manage the finances while having the peace of mind that their child’s education will not suffer. E-Tutoring loans: Just like e-commerce, Ed-tech has also become an integral part of the Indian education ecosystem. Students all over the country are taking up online courses and tutorials and excelling in their careers. Students opting for such courses can now also get E-tutoring loans and complete their education.
Avanse Financial Services: Easy and quick student loans Avanse is a modern, education-focused, technologically backed NBFC that offers hyper-personalized education financing solutions to every deserving Indian student. Their financial products are designed to cover the complete life-cycle of a student’s education. Their financial products, primarily loans for students are aimed at democratizing education and many people have immensely benefitted from their dedicated services.
Website: https://www.avanse.com/