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EDUCATION LOAN MORATORIUM
ECLGS 5.0 to help SBI open ₹70,000–₹80,000 crore credit line: Chairman CS SettyIn a pivotal stride towards economic recovery, the government has unveiled ECLGS 5.0, aimed at fortifying MSMEs and the airline industry am...
A foreign degree at zero cost? These scholarship strategies can turn your dream of overseas education into fully funded studySecuring prestigious scholarships for studying abroad requires more than just academic merit; it demands years of dedicated groundwork and ...
Can you fulfil your study abroad dream without going broke? Here are 7 ways to minimise costsStudying abroad involves more than just academic merit; it's a significant financial investment. Indian students often underestimate hidden...
Fewer student visas for US & Canada prompt NBFCs to change lending gameNBFC education loan growth is slowing from 77% in FY24 to a projected 25% due to stricter US and Canadian visa policies. This shift prompts...
Education loan moratorium can hike Rs7.5 lakh loan to over Rs 10lakh even before EMI repayment starts: Be carefulWhile education loan may help you achieve dream education however it comes with a cost in terms of interest payment. The mechanism of inter...
Banks propose easing top up of study loans for higher studiesBanks in India have proposed to the Reserve Bank of India (RBI) that the first unpaid education loan should be reclassified as 'standard' a...
Is student debt forgiveness no longer available? Here are US President Joe Biden's remaining alternativesUS President Joe Biden's plan to forgive the debt of millions of students is being litigated in the courts. However, given the current powe...
Joe Biden to extend student loan moratorium till AugustWhite House is again set to extend the student loan moratorium to allow borrowers to prepare well for the loan repayment. Borrowers will no...
What happens to education loan of students who have fled UkraineHere is what students and parents need to know about how to deal with the education loan taken to fund studies in Ukraine and what they can...
Education loan: How to choose a lender to fund studies abroadThe coverage of the loan is an important factor as some lenders cover the complete cost of education, while some lenders cover only a part ...
How can you reduce the burden of education loan amid coronavirus pandemic?For students and recent graduates, repayment of education loans has become a problem because hiring has almost come to a standstill. If you...
All you need to know about moratorium on loan EMIsDue to novel coronavirus pandemic, the Reserve Bank of India (RBI) as a relief measure offered a six-month moratorium on all term loan EMIs...
Takers for loan moratorium decline to less than 30%Lenders told ET that they were more stringent in extending the second phase of the moratorium.
Risks of becoming a loan guarantor and what to do in case of loan repayment defaultLoan defaults are bad news for people who have stood as guarantors to loans taken by friends and relatives. Most people know that a guarant...
Should I switch my SBI home loan to a repo rate linked loan by paying Rs 5,900?The borrower has SBI Max Gain home loan at 8.55 per cent under the MCLR option.
IDBI Bank loan EMI moratorium: Terms and chargesIf you are an IDBI Bank customer, here are the details of the bank's EMI moratorium facility. These details are as per the bank's website.
IIMs want banks to go easy on student loansThe Indian Institutes of Management anticipate delays in onboarding of students graduating this year, and don’t rule out problems for the c...
Restructured education loans not to be treated as NPAs: RBIThe RBI's response was on a clarification sought by the IBA whether the education loans with extended repayment period be treated as restru...
- Opt for the right loan for B-school education
Education doesn’t come cheap. But don’t allow the high fee structure to keep you away from that coveted B-School degree. Opt for the right ...
- Education loans to get cheaper as govt offers subsidised interest
Education loans will become cheaper with the government planning to pay the interest for the duration of the academic programme, for which ...