Question

What are the advantages and disadvantages of education loan for students?

Answer 1

#. it cause tention in mind of payment source
#. it is also the best source of studying the students of rural area
#. it Inc. the students studying lvl

Answer 2

Advantages of education loans are:-

• Rural area's children can also get a chance to study.
• Education loan enables you to meet the financial demands of a reputed MBA program or any such professional course.
• The best part of these loans is that once you complete your objective and achieve financial freedom, you can pay back them easily. •Hence, the commitment involved with such loans is very reasonable and appealing.

Disadvantages of education loans are: -

• Education loans are definitely a boon for students aspiring for higher studies and aid them financially but in most cases, the choice is driven by the aggressive and forceful marketing strategies done by banks offering these loans. 
•Students get trapped in the web of unsuitable education loans due to lack of proper knowledge and understanding about the loan procedures and banks’ terms and condition