Student loans key reason of highest default rate in US since 2020; adverse impact on new credit cards: Report | Mint

Student loans key reason of highest default rate in US since 2020; adverse impact on new credit cards: Report | Mint

Source: Live Mint The share of outstanding US consumer debt that’s in delinquency rose in the first quarter to the highest in five years, reflecting an end to the pandemic-era pause on reporting delinquent student loan payments on credit reports, reported Bloomberg. Some 4.3 per cent of debt was delinquent in the first three months…

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Student loan for studying abroad: Is it worth it? Here’s what you need to know | Mint

Student loan for studying abroad: Is it worth it? Here’s what you need to know | Mint

Source: Live Mint As of late 2024, over 1.33 million students are pursuing higher education abroad according to the recent report published by PTI. This is a considerable increase from past years, this fact was presented before the Indian parliament some time ago. It highlights the growing trend of Indian students pursuing higher educational prospects…

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Personal student loans: Benefits, eligibility, interest rates and more | Mint

Personal student loans: Benefits, eligibility, interest rates and more | Mint

Source: Live Mint In today’s cut throat competitive environment personal student loans are becoming increasingly popular among Indian students who need financial support to meet their educational requirements and aspirations. Personal loans for students are versatile tools of financing to meet various education related expenses. Following are a few points to always keep in mind…

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Student loan accounts to be linked to digital currency wallets for transferring subsidies: Report | Mint

Student loan accounts to be linked to digital currency wallets for transferring subsidies: Report | Mint

Source: Live Mint The government is contemplating rolling out a system to route and settle interest subsidies on education loans through digital currency wallets, Economic Times reported quoting bank executives aware of this. A system is being worked out to integrate the Central Bank Digital Currency (CBDC)-based subsidy system with the Unified Portal for Education Loan, one of the…

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PM Vidyalaxmi education loan scheme: Key features, eligibility, and application process explained | Mint

PM Vidyalaxmi education loan scheme: Key features, eligibility, and application process explained | Mint

Source: Live Mint For any student aspiring to pursue higher education, having a good score is crucial to getting admission to any good institution. Apart from good scores, having enough finances to fund education is equally important. However, many students in India cannot afford higher education. In order to help such students, the government of…

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Marksheet loans for students: From eligibility to interest rates; all you need to know | Mint

Marksheet loans for students: From eligibility to interest rates; all you need to know | Mint

Source: Live Mint To pursue higher education anywhere in the world, students not only require good grades but having enough finances is equally important. Most students face difficulty in arranging finances to fund their higher education despite having good grades. In order to help such students, the government and private banks have introduced a scheme…

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SBI collateral-free study loan: 10 things to know – eligibility, maximum amount, tax benefits and more | Mint

SBI collateral-free study loan: 10 things to know – eligibility, maximum amount, tax benefits and more | Mint

Source: Live Mint The State Bank of India, India’s largest bank, has started offering collateral-free education loans of up to 50 lakhs for students planning to study abroad. Through the SBI Global Ed-Vantage, the bank offers an overseas education loan for students wishing to pursue regular full-time courses at foreign institutions. 10 things to know…

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