In Simple words An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree. Education loans are issued for the purpose of attending an accredited college or a university to pursue an academic Course/degree.
Educational Loans – Apply for the educational loan in India at attractive rates of interest from SBI.
Although there are a variety of education loans, they can be classified into two basic types: federal loans and private loans.
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