Are you preparing to take an education loan? Here are 10 things to keep in mind 2
Are you preparing to take an education loan? Here are 10 things to keep in mind **1. ** Do your research. Before you even start applying for an education loan, it's important to do your research and understand your options. This includes understanding the different types of education loans available, the interest rates and fees associated with each type, and the repayment terms. You can find a lot of information online, or you can talk to a financial advisor. **2. ** Calculate your costs. Once you understand your options, you need to calculate the total cost of your education. This includes tuition, fees, books, and living expenses. You'll need to make sure that you're only borrowing the amount you need, and that you can afford the monthly payments. **3. ** Compare interest rates. The interest rate on your education loan will have a big impact on the total amount you repay. Be sure to compare interest rates from different lenders before you choose a loan. **4. ** Consider...