3 reasons why students favor education loans over personal loans. Posted by kumarru on November 24th Donald Penn Raiders Jersey , 2018
A quality education is becoming increasingly expensive. So much so that deserving students often face a financial gap when attempting to pursue their further studies. In such scenarios, borrowing funds seems like the only way out. However, in order to save face, most aspirants and their parents choose not to borrow from friends and family – rather, they turn towards organized finance and more specifically to education loans.
This is a trend even though other financial offerings such as personal loans & loans against property exist in the market. There are quite a few reasons for this and this article will highlight 3 of them to ensure potential borrowers have a better picture of their options and make informed decisions when they need a financial shoulder to lean on in the future.
1. Specific to the needs of students.
Unlike other loan offerings Justin Ellis Raiders Jersey , education loan are geared to meet the specific needs of students. For instance, one of the most important differentiators between student loans and other loans is the moratorium period. This is a feature only student loans offer under which you do not have to service the loan until you are in a financial position to do so, i.e. 6 months after you’ve completed the course or found a job, whichever of these events comes first.
Also, student loans cater to the financial needs of a student in a much more comprehensive manner. Say you were to take a personal loan - you would receive one consolidated loan amount that you’re free to use as per your requirements. However Rodney Hudson Raiders Jersey , with a study loan, you get financing at various stages of your education to ensure you never have to worry about a lack of funds. For example, most student loans will first provide pre-admission loans for you cover expenses such as entrance exams fees, visa fees, etc. Then you can also opt for proof of funds and get funds later on to cover your travel expenses Gabe Jackson Raiders Jersey , living expenses, etc.
2. Lower interest rates.
You need to avail the services of both personal and education loans – how much you pay depends on the interest rate applicable. In other words, the interest rate is like the price tag of the loan offering and education loans come with a much smaller price tag than personal loans. Where you might have to pay as much as 16-22 percent towards a personal loan, an education loan will be made available to you at interest rates ranging between 10-16 percent.
3. Repayment tenures.
Most personal loans come with tenures ranging between 5 & 7 years. Education loans, on the other hand Seth Roberts Raiders Jersey , come with tenures of up to 10 years. Spreading out your repayment over an additional 36 years can make for much smaller EMI amounts and a more laidback repayment experience.
So there you have it, 3 of the biggest reasons why education loans take the edge over personal loans. We hope this article will help you make a smart decision if and when you ever need to borrow funds to bridge your education-related financial shortcomings. Good luck and study hard.
Are you one of those people who have a dog with impaired eye sight? If yes, you probably know that taking care of a blind dog is not as easy as caring for the sighted dog.
Your blind dog will bump into things in its path, but gradually will learn the layout of your house, just the way blind people do. However Bruce Irvin Raiders Jersey , if you change or shift your furniture, they will again have difficulty in walking and will stumble around for a while. So you have to be very careful when making any interior changes.
At the same time, it is also very important for you to ensure that you keep the path for your dog clear and make sure that everything is picked up and kept away.
Apart from your house, you also need to keep your yard clear, as the dog is likely to wander in your yard. After all Kelechi Osemele Raiders Jersey , that is his playground. The lawn mower should be put away and the chairs must be rearranged in a position that would not cause any injury to your dog.
If your house has a pool, make sure that it is fenced, as pools could also be dangerous for blind dogs, especially for the pups. This is very important because even if the dog knows how to swim, he may not be able to locate the stairs to get out of the pool. Due to exhaustion Marshawn Lynch Raiders Jersey , he may eventually drown and die.
If your house has a staircase without the railings, it may be all the more dangerous and can result in severe injury to your dog due to a fall from a height. You must put something up along the bottom portion of the railing to avoid a tragic situation. You may find it a little inconvenient, but the very fact that you love your dog so much will make everything easier for you.
It is not too difficult to keep a blind dog. All you need is a little planning, backed up by some extra patience. Fencing off a pool, leaving the furniture in place Karl Joseph Raiders Jersey , and always keeping walkways clear of toys are the things you can do. If you follow these suggestions, you will notice that your blind dog is not very different from any other dog in your neighborhood.
Different reasons are responsible for blindness in dogs. Some cannot be treated. However, there are many cases in which you may be able to give the gift of sight to your blind dog. Of course, you will need a good amount of money for those surgeries and treatments. Often, due to financial constraints or due to some other reason Eddie Vanderdoes Raiders Jersey , people opt to let their dog live with its blindness, but take very good care of it.
One very important thing to understand and remember is that unlike humans who do not like to live with their disabilities, dogs are happy to live their lives despite any physical limitations that they may have.
Die Anpflanzer [DA]
Thema drucken
04.04.2019 09:28
Antworten
