Once you've taken an education loan, it's crucial to understand the responsibility that comes with it.
Many students overlook the importance of handling their education loan debt responsibly, but today we're here to provide some valuable insights. 💡🎓
No 1, Scholarships: From the moment you start planning to study abroad, make sure to apply for scholarships. There are numerous opportunities that offer
tuition fee waivers of up to 100%. Check out lnkd.in/g86cE_Kq, where you can find over 26,000 scholarships tailored to everyone's unique needs. 🎓💸
No 2, Work-part time: As an international student, most countries allow you to work part-time. By taking advantage of these high-paying jobs while attending university, you can save a significant amount of money and potentially repay your entire education loan debt during your study period. 💪💰
No 3, Paying interest during the moratorium period: Every education loan comes with a moratorium period, typically the duration of your course plus six months. This period eases the immediate financial burden from your shoulders.
However, we strongly recommend starting to pay the full interest during this time. This strategy can help reduce your overall principal by a significant amount.
Bear in mind, that private banks may require you to pay partial or full simple interest during the moratorium period. 💰💡
These are just a few ways to ease the burden of your education loan. Stay tuned for Part 2 where we'll cover more valuable tips. ✅💡
Alternatively, request a callback using the link in BIO, Our expert Financial Officers can help you clear such doubts and help you with the entire education loan process. (Even beyond loan sanction 😉)
Let's work together toward a brighter financial future! 💸🌟
Request a callback using: bit.ly/3KLb0zu
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10 сен 2024