The Haryana government will bear three months interest on education loans taken by thousands of students in the state, Chief Minister M L Khattar announced here on Wednesday. “Haryana government will pay the interest of three months of all those students who are completing their education this year or who have already completed their education in the previous year, but have not been able to start their jobs or business due to this coronavirus pandemic. As many as 36,000 students will be benefitted,” he said in a televised address to…
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Finance firms, banks want loans repaid
MYSURU: Borrowers are worried as micro-financing firms, private banks and some primary co-operative societies have stepped up pressure for recovery of loans, going against the spirit of Reserve Bank of India’s moratorium relief. With the lockdown norms relaxed, their agents have entered the villages knocking at the doors of the borrowers asking them to pay the weekly instalment. A few have sent SMS messages asking them to pay the instalment and have even threatened that they may not be able to further raise loans in future as they may end…
Read MoreHome, vehicle, other retail loans to become cheaper: Finance Minister
The government on Friday announced a slew of measures to ensure that loans for home, vehicles and consumer goods become cheaper and widely available through banking and non-banking finance companies. Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction. She said that banks will launch repo rate and external benchmark-linked loan products that will lead to reduced easy monthly instalments for housing, vehicle and other retail loans. The minister also announced additional liquidity support of Rs…
Read MoreHow to Get Student Loans When Returning to School
If you’re looking to advance your career or increase your earning potential, going back to school for a master’s degree or professional certification can be an important step. However, the cost of returning to school can be expensive. According to education resource Peterson’s, tuition at a public university totals nearly $30,000. A private university could cost you close to $40,000. If you don’t have that much money in the bank, and few people do, you’ll likely have to turn to student loans to cover the bill. How to get student loans…
Read More7 Types of Student Loans Offered By the Department of Education
Paying for school can feel like a huge burden, especially as the cost of college continues to increase. Even public universities — typically a much cheaper option than private schools — saw a 7.2 percent price hike during the 2015-2016 school year. With a higher education costing more than ever, finding affordable financing options is essential. One of the best places to start is the federal government. Department of Education student loans tend to have lower interest rates and more generous repayment terms than private loans, making them a smart way…
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