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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…
Source: Live Mint Starting next month, the Education Department in the US says student loans that are in default will be referred for collections, reported Associated Press. Roughly 5.3 million borrowers are in default on their student loans and soon could be subject to having their wages garnished. Referrals for collection had been put on hold…
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…
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…
Source: Live Mint Many students finance their studies through loans since the costs of higher education have skyrocketed. It can be very challenging to balance student loan debt with other financial obligations, part-time employment, and coursework. In such a situation, an EMI calculator can prove to be useful. Using an EMI calculator, the students can…
Source: Live Mint As a student, managing finances can become tough sometimes. Building a credit score can help you get lowest interest rates while applying for loans. A healthy credit score also helps you get your desired credit cards with a high spending limit and exclusive deals. As a student, credit building could look like…
Source: Business Standard As a parent, you know that providing your child with the best possible education is a priority. But with education costs rising faster than general inflation—around 11-12% compared to the 5-5.5% for other goods, according to Bank Bazaar—funding your child’s academic journey can be a challenge. Education loans have become…
Source: Business Standard Dreaming of sending your child for foreign education? But have you thought through the finances? A growing number of Indian parents are sending their children abroad for higher studies, but the latest HSBC Quality of Life Report 2024 suggests that this could come at the cost of their own financial future….
