All Types And Information Of Education Loans And The Need For It

With the ever increasing cost of higher education, paying of college fees and other associated expenses has become a burden today. You may at times feel that the price you have to pay for your education is not worth it. But as the saying goes, education is priceless, you must not get demoralized. There are several effective and beneficial ways of getting out of the situation. You can take up one of the several education loans offered by different banks and financial organizations and concentrate on your studies, without having to worry about the price. Depending on the types, rates of interest and other features, you must know the right one to choose.

Image result for All Types And Information Of Education Loans And The Need For It

Types Of Education Loans

Education loans, also known as students’ loan, are available in different variants in the market. You can choose an undergraduate student loan for your studies in your high school. There are also graduate and professional loans for students. These loans are very useful for those students who want to go for higher degrees and advanced studies. Then, there are loans for career educations. Students who are undergoing career oriented undergraduate programs in colleges as well as technical and school of trading, can avail career educations loan. It is advised that you borrow according to your need.

 

Eligibility For Student Loans

Student loans are given out at much lower interest rates than others. The tenure of such loans also depends on the amount borrowed and the policy on the lender. There is a grace period for which a student does not have to pay for interest. Given all these features, there are few requirements to avail a student loan. These loans are specifically for student and study related expenses including books, tuition fees, college fees, living and transportation only. If you are not earning at present, then you need a guarantor for availing the loan.

 

Know It All Before taking

Picking and selecting the right kind of educational loan needs some amount of research to be done. You must know what you will get and how much you have to pay in return. As banks do not fund the entire amount, you will have to pay a part of your required amount as well. So, know the loan amount well before. Check about the processing fee clause. If you have to pay it, then a certain percentage of the loan amount will be deducted. Know all the cost covered under the loan. It is best to make a list of all your course’s requiredexpenses and then quote for a loan amount. Check also for guarantor requirement, documents required, repayment time and amount as well.Click here for more detail.

 

Some Other Points

You can avail an education loan from any bank or financial organization, of course approved by the Government, if you fulfill some other criteria as well. Apart from the citizenship clause, first and fore most thing that is required is an authentic proof that you have been admitted in one of the known and reputed colleges in the country. Tentative or probable admittance will not serve any purpose.Also any course, degree or diploma is eligible for a loan provided they are approved by the state or central government.

Know All About A Trouble Free Student And Professional Life

If you are wondering what you will do to meet up all the expenses of your higher studies, which is your dream, and can’t find a way, do not feel at a loss. Several banks and financial institutions offer loans to students to pursue their dreams. You can also be one of them, if you fulfill the parameters, and have a trouble free student as well as professional life in the future.Apart from saving all the trouble and worries about meeting your educational expenses, it also has other benefits. But the bottom line is to avail it, make use of it to the fullest and repay it on time, to lead a happy life forever.

Image result for Know All About A Trouble Free Student And Professional Life

Provides Independent Life

Having not to worry about the payments, it provides independence to students. You can get all the required assistance and support from your parents and concentrate on studies fully. As your parents do not have to worry about making arrangements for money either, they also can lend you all the required help. Your parents are also relieved from the recurring burden of giving and arranging for money. As far as you are concerned, you learn to lead an independent life from an early stage along with learning to take responsibilities.

 

Easy And Convenient

Getting an educational loan is easy and very simple. There are many banks and financial institutions that offer such loans on simple and easy due to their comprehensive and simple process. Low interest rates, exemption from taxes are some of the features which are beneficial in student’s loan. The repayment terms are also very simple and easy to follow as compared with other loans. You can click here to learn more. As there are various provisions and conditions associated with student’s loan, it will be very easy for you to pay off your loan after you start earning.

 

Tips To pay Off Fast

If you treat your education loan as a mortgage loan, then you may find it easy to repay it off fast. It means, you make larger payments than scheduled to bring down the principal amount which in turn will bring down you rate of interest. You can also add up extra payments by sending a couple of checks in amonth rather than a single one. Make a proper plan for 3 to 5 years at a time by saving an amount and paying your EMIs. Build a corpus by curbing some expenses which you can easily do without or do a part time job in college and stick to your goals by avoiding traps.

 

Early Starters Finish Early

It is just like a race. If your start is accurate, and maintain your pace throughout, if not increase it with time, you are bound to touch the finishing line first. Similarly, in case of repaying a loan, you also must start planning and even repaying early just like the accurate starting of your college. Increase your payments from time to time with increase of income, just like the pace of running. You can then be sure to see the ‘all dues paid’ certificate just like the red finishing line at the end of the track or the loan tenure.

Indian Institutes of Technology – Engineering Par Excellence on jee advanced results

The blast of IT segment and foundation in India has soar the interest of designers. While there are designing universities dime twelve in the nation, the Indian Institutes of Technology are the best of the breed. Each Indian who needs to be an architect, dreams about going along with one of the IITs.

Starting mid 2009, there are 7 IITs working in their own particular grounds. These are IIT Kharagpur, IIT Bombay, IIT Madras, IIT Kanpur, IIT Delhi, IIT Guwahati and IIT Roorkee. Six IITs are as of now operational from brief grounds since they began operations in 2008. These are IIT Bhubaneswar, IIT Gandhinagar, IIT Hyderabad, IIT Patna, IIT Punjab and IIT Rajasthan. These six IITs are as of now under the mentorship of more established IITs and work from their grounds.

Not at all like other designing schools, the IITs don’t should be subsidiary to any college to offer degrees. This is on account of every establishment is viewed as a self-sufficient college without anyone else’s input.

Courses Offered:

After jee advanced results,IITs offer degree courses at Bachelor and Master level. They are likewise look into centered establishments. At the undergrad level, the undergrad level, every one of the understudies get a B. Tech. degree. The particular classification of degree relies on the building stream picked by the understudies.

Each of the IITs is renowned for specific building streams. Ordinarily the understudies decide for Computer Science, Electronics, Mechanical designing, Aerospace, and Civil building streams. Though the study courses of first year are basic for all understudies, the second year onwards, their study courses are chosen by building stream they have picked.

The IITs additionally offer a coordinated level of Master of Technology. Expert of Business Administration course is likewise being offered alongside Master of Science. The examination level, Doctor of Philosophy is additionally offered by the IITs.

 

Confirmation Process after jee advanced results:

Admission to all the IITs happens through a concentrated passageway test framework. The system of admission to IITs is known as the Joint Entrance Examination. On a normal, upwards of 600,000 understudies compose the JEE consistently. Of these unimportant 5500 understudies are chosen for these world class establishments. To show up for the JEE, the candidate more likely than not secured 60% imprints at 10 + 2 level with science subjects. For the held classification, the base required rate is 55%. Test can not be taken more than twice and greatest age breaking point is 25 years (30 years for held classes).

Affirmations at the post graduate level are made through course particular confirmation tests. For M. Tech courses, the Graduate Aptitude Test in Engineering (GATE) is held. For M. Sc. JAM (Joint Admission to M.Sc.) is held though the admission to administration projects is through JMET (Joint Management Entrance Test).

 

Work Prospects:

Being the top most building universities of the nation, finishing the IIT degree is without anyone else a vocation ensures. The majority of the understudies land position offers through grounds situation sessions. The understudies land various universal position opportunities with United States based organizations being one of the biggest hirers of IIT graduated class.

All these made possible with the help of jee advanced resultsPreparation for that will lead you to take a new leap in IIT JEE examination and preparation as well. Expert’s guidance will play key role in this situation Have thorough preparation for your competitive entrance examinations all the way. Good Luck.

Top Skills Every Medical Career Candidate Must Possess

Medical career is one of the most promising and noble ones to choose. No doubt so many students choose the medical career. For choosing the medical career, you need to crack the AIPMT exam and get admission in a medical college in India. Now, before filling in the AIPMT application form, you need to take a note of some factors. Let us take a look at some of the qualities that must be possessed by you before appearing for AIPMT 2016.

The indispensable qualities to be present in a medical career aspirant

  • Disciplined

For becoming a physician or rather to pursue a career in medical field, you need to be disciplined firstly. It is mainly because by choosing the medical career and by filling in the AIPMT form you chose to study for a lifetime and you need to really work hard and stay away from the regular distractions and stick your nose into the books and study. That needs a lot of discipline and so any medical aspirant needs to be disciplined first.

  • Determined

Well, the path to become a successful physician is not laden with rose. Even after AIPMT counseling and getting admission into your dream college, you need to appear for a lot of tests and if the patience and the drive to succeed is not there it becomes very tough for anyone to have a good medical career. The hardships may include bad result in any exam or any other hurdles. You need to be self motivated and should pick yourself up from that failure or defeat and keep moving forward. That is the only way.

  • Humility

A doctor must be humble to give his best services. It is quite obvious that an aspiring doctor will have to meet a lot of arrogant people in their life and humility is the best option to deal with them.

On the other hand if any aspiring doctor becomes arrogant himself his first motto, taking care of the patient and curing him will not be fulfilled. So, for giving best services as a doctor, you have to be humble and understand your work and keep focused to them.

  • Be a team member

To achieve something in the medical field, you need to work with a lot of people like nurses, therapists, medicine assistants, etc. and working as a team is most important. You should know how to work as a team and give services to the patients. A doctor can never work alone and needs to work as a team and so, you should have the qualities of a good team member. These qualities are best nurtured from the school life if you have worked in groups to solve any project or any specific task given.

  • Smart and confident

Smartness is an important attribute in the sense you are a smart learner. You don’t have to be the topper in your school or college. You just have to be a smart learner to take care of your patients and also to do your job responsibly.

Apart from smartness, you also need to be confident in your skills. There will be a lot of hurdles, failures and reasons to quit. But you should be able to keep moving forward.

Here are some more qualities that you should have before you sit for the AIPMT:

  • Be a hard working student as the AIPMT syllabus is really huge and paper is also tough.
  • Be aware of the latest AIPMT news and prepare accordingly for the best AIPMT results.
  • You have to be self motivated to guide yourself through the bad patches in your career.

 

India third-largest student market in London: Report

India third-largest student market in London: ReportLondon: India is the third-largest international student market in London after China and the US, according to a latest report.

International students studying at London universities last year provided a 3 billion pounds boost to the UK economy and helped support 37,000 jobs, the report by London & Partners, the Mayor of London’s official promotional company, said.

Of those figures, Indian students spent an estimated 130 million pounds in 2013-14 compared to 407 million pounds by the Chinese and 217 million pounds by the Americans. Of the 130 million pounds total, Indians spent 43 per cent at 56 million pounds on tuition fees, 56 per cent at 74 million pounds on subsistence and less than 1 per cent on visiting friends and relatives.

‘The Economic Impact of London’s International Students’ report also noted that while Chinese student numbers have grown by 49 per cent since 2009-10, the Indian market has continued to decline, falling by 11 per cent year on year.

“The drop in Indian students, started after the peak in 2009-10, followed a sharp expansion of the Indian student population that took place between 2004-5 and 2009-10. It is widely speculated in the press that the decline can be attributed to a change in post-study visa requirements,” the report said.

Italy, Germany, France, Hong Kong, Greece, Malaysia and Nigeria complete the top 10 countries of origin for international students in London.

Mayor of London Boris Johnson said: “There’s a reason why thousands of university students from all over the world are drawn to London each year – we have some of the best universities on the planet, producing everything from ground breaking scientific research to virtuoso musicians.”

“London’s universities help to make the capital such a thought-provoking, stimulating and breathtaking city which provides a learning experience in itself. London is also the global capital of culture and I urge this year’s intake of international students to make the absolute most of their time here. Visit our iconic theatres and galleries, take in our amazing museums, learn from our greatest minds and inspire others to follow in your footsteps.”

In 2013-14, London had 13,460 Chinese students, 6,440 American students and 4,790 Indian students enrolled across the capital of a total of 106,000 international students.

Students from the US were the highest contributors per capita, spending 33,600 pounds per year on average, while the European Unionoccupy the lower rungs of the top 10 league, with per capita spending for Italian, German, French and Greek students averaging around 23,000 pounds per year.

IIMs release admit cards for Common Admission Test 2015 (CAT 2015)

IIMs release admit cards for Common Admission Test 2015 (CAT 2015)New Delhi: Indian Institutes of Management (IIMs) have released the admit cards forCommon Admission Test 2015 (CAT 2015).

The admit cards have been released at the official website – iimcat.ac.in

CAT 2015 will be conducted in two sessions in one day. The exam will be held on 29.11.2015 (Sunday).

The exam will be conducted in 136 Cities comprising 650 Test Sites.

Duration of the examination has been increased to 180 minutes instead of 170 minutes. There will be three sections, ‘Quantitative Aptitude (QA)’, ‘Data Interpretation & Logical Reasoning (DILR)’ and ‘Verbal and Reading Comprehension (VRC)’. QA and VRC will have 34 questions each, and DILR will have 32 questions. Some questions in each section may not be of multiple choice type. Instead, direct answers are to be typed on the screen. The tutorials will clearly explain this change. Also, we will allow use of basic on-screen calculator for computation.

Candidates will be allotted exactly 60 minutes for answering questions in each section and they

cannot switch from one section to another while answering questions in a section.

The candidate must hold a Bachelor’s Degree, with at least 50 percent marks or equivalent CGPA

(45 percent in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST) and

Persons with Disability (PWD)/Differently Abled (DA) category) awarded by any of the Universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of Parliament or declared to be deemed as a University under Section 3 of the UGC Act, 1956, or possess an equivalent qualification recognised by the Ministry of HRD, Government of India.

As per the Government of India requirements, 15 percent of the seats are reserved for Scheduled

Caste (SC) and 7.5 percent for Scheduled Tribe (ST) candidates. 27 percent of seats are reserved for Other Backward Classes candidates belonging to the “non – creamy” layer (NC – OBC).

Conference on new education policy to be held on Oct 31

Conference on new education policy to be held on Oct 31Chandigarh: In the conference, to be chaired by Union Minister for Human Resource Development, Smriti Irani, on October 31 in Gurgaon, the new education policy for the north Indian states would be finalized, an official release said.

“The new education policy would be finalized in this conference,” Haryana minister Ram Bilas Sharma said in Jhajjar district today, according to an official release here.

He said that wide range of discussions were held in all 6,072 villages of the state on the draft of new education policy and two lakh people had shared their suggestions on it.

Sharma said that the draft of new education policy was ready and approval would be given after detailed discussion in the Gurgaon conference.

He said that the policy of previous UPA Government not to fail any student from Class I to VIII “has resulted in falling standard of the level of education”.

The present BJP Government in Haryana has decided to restore the previous system, Sharma said.

He said that absence of regular assessment in schools was impediment to growth of students; therefore, it was necessary to restore the previous system.

Last month, Irani had said in this regard,”till now plans were framed at national or state level. From education point of view if we prepare district-wise plan then the systemic change we want can be achieved.”

My ideas on higher education have been welcomed more abroad: DU VC

My ideas on higher education have been welcomed more abroad: DU VCNew Delhi: Outgoing Delhi University Vice Chancellor Dinesh Singh whose reforms in education did not go down well with the varsity teachers as well as HRD Ministry, says his suggestions have been welcomed more abroad.

been following in the country are outdated and are hence landing the lakhs of students who graduate every year in a mess. When I proposed similar ideas outside India, they have been welcomed more.

“I was called to address a conference on MOOC (massive open, online courses) in London three years back where I had proposed that they are making a mistake by putting technology first and idea later.

“I got a mail from the company’s CEO when I was back that how the idea went down well in their minds and how they are working on it. I was glad atleast they understood what I was saying. We can’t think of doing something similar here that easily,” he told PTI.

Singh, whose tenure is coming to an end on October 28, has been vocal about how the higher-education in the country is moving on the pattern which was followed decades back.

“Our pedagogy is outdated, we are focusing on creating more and more graduates, more and more teachers, but neither we are creating employers nor we are producing graduates with employability,” he said.

“When I took over the charge as the university’s Vice Chancellor I came across the fact that the syllabus has not been updated 30-40 years in a fast changing department world. For instance, till three years ago, the department of history was teaching the history of Soviet Union till 1950.

“Imagine there was no mention that the old system had collapsed and things had changed radically. I was surprised at the fact that no one had objected to this situation. But if you tell them to change and update many will start opposing it,” he said.

“My own department had not really bothered to update its courses of study for almost 20 years. Remember mathematics is a fast moving discipline and technology or really computers have permeated mathematics teaching and research with applications in a major way with extraordinary benefits,” he added.

“Similarly, we are teaching subjects in academic context without realising that we need employability too. The best idea is for instance a student is studying Sanskrit, it should be clubbed with some other subject so the individual can also explore jobs in areas beyond Sanskrit.

Singh, had mooted similar ideas in form of the Four Year Undergraduate Programme (FYUP), which he says was based on transdisciplinarity but the programme was rolled back an year later after UGC’s intervention.

“No one is to be blamed for this. The situation is not just peculiar to Delhi University, it is the same across the country. But the problem is working out any change of this magnitude is a huge task.

“When I had visualised FYUP, it was different from what was introduced. But if a building is different from the architect’s plan doesn’t mean its not built well and needs to be discarded,” he said.

Singh, a well known mathematician, has had a controversial tenure as the FYUP rollback left him at loggerheads with the HRD ministry, which even served him a show-cause for the same, first time in the varsity’ history.

While no action was taken against Singh by the Visitor after the show-cause as well as the HRD recommendation for sending him on leave, he was dropped from a delegation accompanying the President to Jordan, Palestine and Israel earlier this month.

WB govt wants scrapping on no-detention police in schools

WB govt wants scrapping on no-detention police in schoolsKolkata: The West Bengal government has written to the Centre in its support for scrapping the no-detention policy in schools.

Accepting the Centre’s proposal of revoking the policy of automatic promotions till Class VIII under the Right to Free and Compulsory Education Act, 2009, the state school education department has written to the Union HRD Ministry that the existing system has led to deterioration of educational standards in Class IX.

“Yes, we have written to the HRD ministry that we are in favour of abolishing the no-detention policy,” state education minister Partha Chatterjee today said.

Incidentally, Chatterjee’s letter was the state’s response to a HRD Ministry verbal inquiry about its opinion on revoking the no-detention policy before seeking its official stand in a letter sent a few days ago.

“In my response I have written to Smirti Irani just before the Durga Puja saying that West Bengal is in favour of revoking the policy,” he stated.

But, while revoking the policy, the Centre should also keep in mind the issue of dropouts, the minister has mentioned in his letter to Irani.

“Even when I was the Opposition Leader, I was in favour of abolishing the no-detention policy. We believe proper evaluation of a student and also of a teacher is required,” Chatterjee said.

Incidentally, the ministry had sent similar letters to 20 other states who have supported the decision to reintroduce the pass-fail system till Class VIII.

The Centre has also sought opinions of academics, schools and child psychologists on the issue.

The policy in schools, effective since 2010, was to ensure that every child attended school and did not drop out fearing of being held back.