Getting an education loan sounds simple right? Apply, get approved and start your journey abroad. But in reality, the process is more complicated than it seems. Many students find themselves caught in a maze of strict eligibility criteria, collateral requirements and skyrocketing interest rates that can make loan procedure very complicated. For some, the challenge … Read more
The PM-Vidyalaxmi Scheme is a groundbreaking initiative approved by the Union Cabinet under the leadership of Prime Minister Narendra Modi. Designed to support meritorious students, the scheme ensures that financial constraints do not hinder access to higher education. This initiative aligns with the National Education Policy (NEP) 2020, which emphasizes financial assistance for students pursuing … Read more
Imagine Prakash, a professional software developer born & brought up in a small town in Uttar Pradesh, recently joined an MNC in Bangalore. He completed his BTech with the help of a student loan, and now that he has a job, his EMIs have started. Having spent his life in a small town, his dreams … Read more
Education is an important asset for any student aspiring to achieve success in life. However, financial constraints at home often make it challenging for them to pursue their dreams. To eliminate this gap, the Vidyalakshmi portal serves as a one-stop solution by providing them the required financial assistance. If you are planning to study in … Read more
Soumya, a bright and ambitious student from India, had always dreamed of pursuing her Master’s degree in the United States. Luckily, she managed to secure admission to a renowned university with a partial scholarship, but the remaining educational expenses were beyond her family’s financial limits. Soumya didn’t want to give up on her dreams, so … Read more
Education loans help bridge the gap between educational aspirations and financial limitations. They are especially beneficial for meritorious students who cannot afford higher education. However, the process of filling out the education loan application form can be complex, and students often have many doubts about it. They may not understand how to fill out the … Read more
Education is one of the most significant investment decisions you can make for your future. But financing education has become a critical problem these days with the rising costs. Increasing tuition fee, accommodation, and other related expenses make it difficult for many students to afford quality education without financial assistance. If students have to pursue … Read more
Pursuing higher education after Class 12 is taking first steps towards setting a foundation for your successful future. It will not only help you become a knowledgeable person but will also open ways to various opportunities to build a career. However, there are a lot of students who have to let go of their dream … Read more
Education loans play an important role in a student’s education, especially when tuition fees and living expenses exceed family income. While a student loan can be a saviour, understanding effective loan repayment strategies are equally important to prevent long-term financial stress. In this article, we will explore Abhigyan’s journey of securing and repaying a study … Read more
When students apply for an education loan for the first time, they can sometimes confuse the repayment policy. They might think it’s like a regular loan, where payments start immediately after the loan is disbursed. But education loans have a different repayment structure. The government understands that students can only repay the loan after they … Read more