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Can you handle an education loan? Choose institution and course carefully

It cuts both ways - you can build your credit score and get tax benefit, but defaulting will make life difficult

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education loan | loans | education

Sarbajeet K Sen 



education loan

With the cost of rising, many students are likely to start their first jobs with an equated monthly instalment (EMI). A two-year programme at a leading Indian management institute can cost above Rs 25 lakh. A similar course at a good foreign university today costs Rs 1 crore or more. Such high costs leave the student, or her family, with no option but to avail of an loan.

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First Published: Sun, August 04 2019. 20:52 IST

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