What if You Get Interest Free Education Loan

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What if You Get Interest Free Education Loan?
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• As more and more students are moving out with
  their undergraduate degrees every year, the value
  of such under grad degrees is getting low. These
  days, under grad pass out students are failing to
  grab their desired profiles and packages. In such
  a scenario, people usually opt for education
  loans and succumb to their high interest rates
  for an age old time. But what if you get an
  interest free education loan? Scholarships pose
  as an interest free education loan- the absolute
  solution for students, saving them from education
  loans having high interest rates.

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Forget about high interest rates

• Considering the kind of education system
  prevailing in our country, only a handful of
  students via some reservation quota system
  somehow manage to get a post-graduation degree.
  Not so well-off students from the minority groups
  manage only till the undergraduate level and then
  resign from going ahead with higher studies.

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• Education loans can never be their solution due
  to their sky high rate of interest. A scholarship
  becomes an interest free best education loan in
  india for such students and they can easily
  escape the high education loan interests.

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Hurdles in getting education loan

• Of course you have several banks offering you
  education loans, at any point of time. But at
  what cost? You get indebted to a loan with a rate
  of interest as high as minimum of 10 and that
  too for some a decade long time. The scenario is
  same with almost all the banks offering education
  loan with too high interest rate no matter how
  meritorious a student is.

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• The tenure of repayment is usually between 5 to
  10 years, which makes the repay formalities
  complicate and tiresome. Students get stuck with
  the tension of loan repayment and are unable to
  concentrate on studies. A scholarship pose as an
  interest free education loan and becomes more
  favorable in such circumstances.

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Nothing easier than getting a scholarship

• Nothing is easier than getting a scholarship
  sanctioned. Getting a scholarship granted is
  easier than getting a higher education loan being
  sanctioned. All you need to make sure is that you
  have consistent high grades all throughout your
  academic sessions or have achieved high in any
  particular set of skills. Just for academic
  grades, you get scholarships on sports and art
  skills as well. Make sure that you have copies of
  certificates when asked to produce documental
  evidence against your academic, art or sports
  excellence.

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No pay back policy

• There is no payback policy for any scholarships.
  You never really need to pay back the scholarship
  amount sanctioned to you. A scholarship is
  credited to a student to acknowledge his or her
  years of hard work for academic, art of sports
  excellence. A scholarship is granted to you
  considering your merit exempting you from any
  king of repayment thus you escape the education
  loan interests in the best possible way.

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Bonus point on your resume

• Getting a scholarship sanctioned itself is like a
  bonus point to your profile. It's like adding a
  feather to your hat that confirms your excellence
  in a particular field of academics, art or
  sports. It not helps you to get through some of
  the top educational institutes in the world but
  also earn some high weight age to your career.

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