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Education loan or personal loan – which one to choose?

Gaurav Aggarwal With the rising cost of education, taking a loan to fund higher studies has gained immense popularity. Here, students and their parents have two distinct choices – availing an education loan or a personal loan. Let’s weigh the two and discuss the parameters that should help...
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Cabinet nod to special fund for secondary and higher education

The fund will cater to schemes such as interest subsidy on education loans, education credit guarantee fund, scholarship schemes, girls’ education schemes and a scheme that funds higher education in states. Photo: Nayan Shah/Mint New Delhi: The Union cabinet on Wednesday approved the creation of a non-lapsible corpus fund...
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Unaffordable dilemma of higher education

A few months ago, I listened in horror about parents who sold the house they live in to be able to afford an overseas college education for their child. They now live on rent. Sending children overseas for higher education has become part of dinner conversations among adults...
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NBFC Shiksha Finance raises funds from Dell Foundation

Incorporated in 2014 by V.L. Ramakrishnan and Jacob Abraham, Shiksha Finance provides school and student loans. Photo: Reuters Mumbai: Shiksha Finance, a non-banking financial company (NBFC) focusing on school and student loans, has raised $2.5 million (Rs16 crore) through a mix of debt and equity from Michael & Susan...
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Can’t take education loan off NPA: Finance minister

TRICHY: The union ministry of finance refused to exempt education loans from non-performing asset (NPA) citing that Reserve Bank of India is against the exemption for maintaining credit discipline.  In a letter to the Union finance minister Arun Jaitley, MP Trichy Siva has urged not to bring education loans under NPA since non-payment...
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