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Make sure you have an active bank account where your best education loan amount could be transferred in quick time as and when you need it.
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Your priorities need to be in order before you choose your course, especially one that needs finance and study abroad. Ask yourself few questions to make the best choice; am I aligned with my future goals? Will this course give me better job prospects or entrepreneurship? You should speak to the alumni of the course and get a view on market placements, future facilities, researching opportunities given by the top-notch university or institution.
However, one should not forget that education loan is the first big financial decision in your child's like and stay for around 7-8 years in their working lives. Therefore, we have come up with some list of things to do while choosing the best education loan and making an informed decision for your child's bright education future.
Student loans are usually disbursed either through ECS or given a cheque. The lender usually transfers money to the university/institute’s bank account and the amount needed for other expenses like hotel, mess, and accommodation, study materials like books, laptops, and study tours fee, etc. Make sure you have an active bank account where your best education loan amount could be transferred in quick time as and when you need it.
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