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Saturday, May 22, 2010

Graduate Student Loans - Educational Loans for Graduation



In my 5 years as an student of a premier engineering college I have come across few students who have not preferred BITS/other good colleges because the university fees was quite high (not that high - not even half of what you pay for an IIM :) ) compared to the local government colleges.

This is for all such students who are not financially sound.

Most good engineering colleges have tie up with banks and you can get loans for your graduation. These college loans cover everything, from your books to even your pocket money that you spend, and some private student loans offer extra money for laptops also. You need not pay a single rupee till 6 months after you complete your graduation. Though interest rates for educational loans vary from one bank to another they are not that high and you can repay it in easy installments after you get a decent job. Some of the state governments offer government student loans and keep checking the newspapers for them.



So in short, do not worry about the financial matters for joining BITS. I myself got educational loan from Andhra Bank and the folks over there are very helpful and understand our situation well. Money has never been a problem for getting quality education and it should never be. All that matters is our determination to pursue it.

You could also check the various educational loans offered for students in India here.

3 Click here to comment:

  1. sir
    how would u rate goa campus as campared to pilani and other iits n DCE (DTU)??
    i got 301 hope to get a good stream in goa...so i go 4 it.......... not selected in iit...shit ...i dont know ...why????????

    ReplyDelete
  2. got 308 in bits

    ReplyDelete

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