Easy way to get students loan and grants

24.01.2011 | Author: kanchan | Posted in Insurance
Print Email More
As compared to earlier days, it has become relatively easy now to get student loans and grants. These education loans are term loans offered to students who want to pursue higher education in India or abroad and are deserving of it. These student loans and grants are made available for all employment generating courses. The courses eligible for student loans and grants are graduation, post graduation or a professional course in any stream. The amount of student loans and grants varies with the bank dispersing the loan.
Generally, for studying abroad the maximum loan that is given is double the amount granted for study in India. Common expenses covered under education loans are:
• College or school tuition fees.
• Hostel, library or examination charges.
• Travel expenses
• Purchase of books or equipments.
There are also NRI education loans that provide <a href=”http://www.icicilombard.com/app/ilom-en/PersonalProducts/Travel/Student/Gold_Plan.aspx” target=”_blank”>student finance for NRIs</a>. The people who are eligible for student finance NRI are Indian nationals and students who have passed the entrance test and have secured admission in technical or professional courses abroad.
There are many eligible courses that offer student finances for NRIs. These include:
• All technical and professional courses including diplomas, post graduate or doctorate degree studies in recognised institutions
• Computer courses conducted by accredited institutions in various countries
The loan under student finance NRI can be availed of jointly by the student and the parent or guardian who could also be an NRI.Repayment terms are fairly easy for those who receive student finance for NRIs. The terms are (A) 12 months after completion of course or six months after getting a job whichever is earlier. (B)    Repayment in 60 monthly instalments.
Collateral security equal to the loan amount, including interest payable up to one year after completion of the course is applicable when obtaining student finance for NRIs.
Overall student education loans are easy to get under the student finance NRI scheme.
Just as the process of getting student loans and grants has been streamlined, getting a student travel insurance is also fairly easy. One may ask why student travel insurance is necessary.
The student travel insurance is important for two main reasons. The first is for financial coverage for hazards in travel situations like loss of passport and checked in baggage loss, personal accidents and personal liabilities. In fact, financial protection against personal liabilities and accidents are essential to students in a foreign country. This is because only student travel insurance can provide adequate cover to students studying abroad.
The other reason that makes <a href=”http://www.icicilombard.com” target=”_blank”>student travel insurance</a> important relates to the insurance for health. Provisions are made for coverage of different medical expenses in some of the leading hospitals all over the world. In certain variations of student travel insurance, treatment of mental disorder and sports injuries are also provided. Student travel insurance also fulfils the requirement of many universities for compulsory insurance at a reduced cost.

As compared to earlier days, it has become relatively easy now to get student loans and grants. These education loans are term loans offered to students who want to pursue higher education in India or abroad and are deserving of it. These student loans and grants are made available for all employment generating courses. The courses eligible for student loans and grants are graduation, post graduation or a professional course in any stream. The amount of student loans and grants varies with the bank dispersing the loan.Generally, for studying abroad the maximum loan that is given is double the amount granted for study in India. Common expenses covered under education loans are:• College or school tuition fees.• Hostel, library or examination charges.• Travel expenses • Purchase of books or equipments. There are also NRI education loans that provide <a href=”http://www.icicilombard.com/app/ilom-en/PersonalProducts/Travel/Student/Gold_Plan.aspx” target=”_blank”>student finance for NRIs</a>. The people who are eligible for student finance NRI are Indian nationals and students who have passed the entrance test and have secured admission in technical or professional courses abroad. There are many eligible courses that offer student finances for NRIs. These include:• All technical and professional courses including diplomas, post graduate or doctorate degree studies in recognised institutions • Computer courses conducted by accredited institutions in various countries The loan under student finance NRI can be availed of jointly by the student and the parent or guardian who could also be an NRI.Repayment terms are fairly easy for those who receive student finance for NRIs. The terms are (A) 12 months after completion of course or six months after getting a job whichever is earlier. (B)    Repayment in 60 monthly instalments. Collateral security equal to the loan amount, including interest payable up to one year after completion of the course is applicable when obtaining student finance for NRIs. Overall student education loans are easy to get under the student finance NRI scheme. Just as the process of getting student loans and grants has been streamlined, getting a student travel insurance is also fairly easy. One may ask why student travel insurance is necessary. The student travel insurance is important for two main reasons. The first is for financial coverage for hazards in travel situations like loss of passport and checked in baggage loss, personal accidents and personal liabilities. In fact, financial protection against personal liabilities and accidents are essential to students in a foreign country. This is because only student travel insurance can provide adequate cover to students studying abroad. The other reason that makes <a href=”http://www.icicilombard.com” target=”_blank”>student travel insurance</a> important relates to the insurance for health. Provisions are made for coverage of different medical expenses in some of the leading hospitals all over the world. In certain variations of student travel insurance, treatment of mental disorder and sports injuries are also provided. Student travel insurance also fulfils the requirement of many universities for compulsory insurance at a reduced cost.

Processing your request, Please wait....

Additional Articles From "Insurance"