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Showing posts from July, 2021

4 Tips for MBA aspirants to get the best education loan

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  Do you have an idea that has the potential to solve one problem that humans face but do not know how to market that idea? If yes then you need to learn marketing and business administration skills to put a start-up in place and begin selling your idea. You can learn these skills at a B-school. But education at such schools is an expensive affair. Most students finance their MBA education using education loans. Some students visit foreign lands for their MBA education. If you want to know your prospects of securing finances for your MBA education abroad then search ‘ education loan abroad ’ on Google. To finance your MBA education, learn the tips we share through this blog.     1.   Estimate your MBA education costs beforehand Learn the total cost of financing MBA education at your choice of B-school by visiting their website and reading their prospectus. Estimate the cost of appearing for MBA entrance exams, and paying for prep classes. If you need to relocate to a city away from you

How to calculate your MBA education loan EMI value?

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  Do you want to earn an MBA degree? If yes, then study hard in your undergraduate years and clear the MBA entrance exam with flying colours. Along with that, find different ways to fund your MBA education. Many students confirm their seat at B-schools by taking an education loan for MBA studies to pay its fees because pursuing an MBA degree is an expensive affair. To help you estimate your total MBA education costs and help you estimate the EMI values to repay it, we have written this blog. Let us look at the costs you would want your education loan to cover. First, you will need money to pay your course tuition fees every year of the course. If your MBA college is not in your hometown then you will have to relocate to a hostel near your college. You will need money to travel to the city where your college is based. You will need money to sustain a good lifestyle in that city for the duration of your MBA course. If you need to relocate to a foreign city for your MBA education t

Here are the 6 education loan eligibility factors for MBA aspirants

  Do you aspire to make your billion-dollar idea successful? You would need a sound understanding of every business concept to turn the idea into reality. This will help to set up a start-up that goes on to become the best in the world. If you are confident about the path-breaking solutions you have come up with, then get an MBA degree and begin your business venture. Once you have MBA essentials under your stride, you will be able to sell that idea of yours to investors. There is only one thing between you and your dream then: the funding you need to learn business administration. Lenders offer a simple solution for that—education loans. These loans cover all of your MBA education expenses. But before you get a study loan, understand the factors that decide your education loan eligibility for it.    1.   Citizenship and age A student has to be a citizen of India to get a study loan. He/she has to be above 18 years of age, or in other words, be an adult legally to borrow money for hi

3 features you should seek in education loans for higher studies

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  Higher education has become more accessible than it was before. However, many still find it hard to afford the high course fees for the degrees of their choice. This is where education loans can help to cover the costs of higher studies. If you are looking for a good educational loan for your own studies, read on to discover 3 features that should form a part of your loan. 1.     Customized loan Students studying a similar course can have different funding needs. For instance, a student aspiring to study MBA may need money to pay the CAT exam fees and the fees of its prep classes. They will need an education loan to cover these costs apart from paying their MBA course tuition fees. In another instance, a student may have to relocate to a different city from their hometown to study MBA. This will bring with it the need to cover the costs of traveling to that city and sustaining a decent lifestyle there for the duration of their MBA course. They will need an education loan for MB

Clearing 2 misconceptions about education loan

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Education loans have been helping students learn their choice of courses since the latter half of the last century. They have become more accessible thanks to today’s digital platforms. Even though executive education loans have become a common way of funding MBA studies, many students hold some misconceptions about them. These misconceptions stop these students from reaping the benefits of education loans. In this article, we will tell you about the 2 misconceptions that many students believe, and clear the air around those misconceptions. Lenders do not cover all higher education expenses and ask for margin money Students believe that lenders only pay the tuition fees of their course. This is not true. Lenders understand that students may need money to travel to different cities from their hometowns to study their courses. They understand that students need money to live in that city for the duration of their course. They need money to pay mess expenses, exam fees, lib

A synopsis of managing finances to study in Australia

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  Australia is famous for its hospitality industry. It has some of the best institutes that make chefs, and hotel managers out of their students. The country is also famous for its science and technology achievements built upon its robust education system. Apart from this, Australia is known for producing some of the best business management professionals that lead the successful businesses of the western hemisphere. Have you dreamed of studying any one of these courses in Australia? If yes, then you need to know that pursuing higher education in these fields in Australia could be an expensive affair. But on a positive note, education loans have become more accessible than they were before. An education loan may be that what you need to pursue your higher education aspirations there. In this article, we will give you a synopsis of managing the finances of higher education costs in Australia. The 3 phases of managing the finances of your higher studies in Australia are: Using