Education and Career Forum

Hello friends, I would like to get little information regarding education loan. If I apply an education loan then what are the expenses covered under this loan with respect to my education. I know tuition fee is there but what about hostel charges and assorted expenses?

Originally Posted by Unregistered

Hello friends, I would like to get little information regarding education loan. If I apply an education loan then what are the expenses covered under this loan with respect to my education. I know tuition fee is there but what about hostel charges and assorted expenses?

Yes, education loan covers hostel charges. The following expenses are covered under education loan:

Tuition fees
Examination fees
Laboratory fees
Library fees
Purchase of instrument, study material, laptop and uniforms
Purchase of computer – essential for the completion of the course
Premium insurance policy covering the life of the borrower of a loan