2007-05-26 03:19:22 · 4 answers · asked by anusha l 1 in Education & Reference ➔ Financial Aid
Educational loans are one way that many pay for the high cost of education. Educational loans, or student loans, are money that is borrowed from financial institutions for universities or college. The repayment of the loan typically begins when you graduate. Many new graduates with their first jobs carry their student loans for several years until they are paid off.
2007-05-26 03:27:54 · answer #1 · answered by MisMischievous 6 · 0⤊ 0⤋
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2016-10-23 20:14:45 · answer #2 · answered by Carrie 3 · 0⤊ 0⤋
The best place to learn about educational loans is the Federal Student Aid website at www.fafsa.ed.gov/index.htm
There you will find info on the types of loans and grants offered by Uncle Sam as how to go about applying.
Make sure you check out State financial aid and non-government scholarships being offered at the site
2007-05-26 05:17:03 · answer #3 · answered by S S 1 · 0⤊ 0⤋
Are you from India? Education loans are given by banks in India against a policy formulated by Government of India. Visit web site of all Indian banks and you will get an idea of what it is. But remember what they write they do not practice. Everything depends upon the manager and your contacts to the bank. Generally banks are non co-operative. You need pressure to get it plus the required securities and guarantor.
2007-05-27 21:58:31 · answer #4 · answered by Kittu_pondy 2 · 0⤊ 0⤋