List of Expenses Covered in Education Loan
The list of expenses covered in education loan are as follows –
- Tuition fees
- Hostel fees
- Travel expenses ( In case studying abroad)
- Insurance premium
- Cost of books, uniforms, instruments or equipment charges
- Examination & library fees
- Cost of a computer or laptop (if needed)
- Caution deposit, building fund/refundable deposit supported by institution bills/receipts
- Any other expenses required to complete the course such as study tours/thesis/project work etc
Types of Education Loan
Education loans are very important in the perspective of students’ studies, especially for the students who are willing to study higher education. Education loan is often called student loans. There are various types of education loans available in India. In this article, we will learn about education loans along with the various types of education loans and their brief discussion.
Table of Content
- What is an Education Loan?
- Types of Education Loan
- 1. Education Loans Based on Location
- 2. Education Loans Based on the Course of Education
- 3. Education Loans Based on the Security of Collaterals and/or Guarantee
- 4. Loans for Parents
- Features & Benefits of Education Loan
- List of Expenses Covered in Education Loan
- Best Education Loan in 2024
- Conclusion
- FAQs – Types of Education Loan