EDUCATION LOAN IN US
CAMS aims to be both payment aggregator & gateway, expand into education: MD
CAMS looking to now expand into education as one potential, extra niche that could scale up the business. They are moving forward to be both a payment aggregator and payment gateway and there will be some build-out of opportunity in the education space as well, says MD & CEO Anuj Kumar.
Is your child’s foreign education a crucial goal?
Consider these factors before you start saving for this expensive goal lest you risk your other goals or the child’s future.
US chip dreams will fade without more immigrants
In a rare display of bipartisan cooperation, Democrats and Republicans passed the Chips and Science Act to revitalize US semiconductor manufacturing. However, a failure to address the shortage of skilled workers threatens the industry's growth. Proposed solutions include a specialized visa program and increased support for STEM education.
Will the issue of student loan waivers influence the upcoming presidential elections in the US?
Many respondents in a survey noted that the mounting student loans have emerged as a key election issue and their choices will be impacted. The two candidates have opposing views on this topic.
Saving for child's education: Market volatility, inflation pose serious risks to investments. Find out how to keep them safe
Market volatility and inflation can pose serious risks to the investments set aside for your child's education. It's important to consider strategies to safeguard these funds against potential financial downturns and rising costs.
Should you buy a house now or rent it? Key factors that will help you to decide
While property market dynamics play a big role in effecting this decision, equally important is your personal financial situation and lifestage. There are other factors to consider. If you are thinking of buying a house, here the key things you need to check.
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4 questions to ask before choosing where to study abroad
Today's globalized education market sees a surge in international education ads in India promising opportunities under 20 lakhs/year. However, rising demand, housing issues in countries like Canada and Australia, declining acceptance rates, and conflicts complicate the landscape.
PhonePe launches secured loans in partnership with a bunch of NBFCs
PhonePe, a Bengaluru based fintech major, has launched secured loan products in partnership with non-banking finance companies like Tata Capital and L&T Finance. The Walmart owned company is offering six credit products to its customers.
Saving up for child's education, retirement? Double the SIP amounts to achieve goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Study abroad: US, UK, Canada, Germany, Australia — which is the best country for Indian students in terms of education cost, scholarships, jobs?
Aspiring to pursue higher studies at prestigious universities like Harvard, Cambridge, Stanford, Oxford, MIT, and others is a common goal for many Indian students. However, achieving this aspiration often presents numerous challenges. Before making a final decision about studying abroad at these highly sought-after destinations, it's essential to carefully consider various factors. Let's explore the key considerations for Indian students aiming to study in these top 5 destinations.
No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC
Tax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have availed loan from their employers at concessional interest rate or interest free rate. However as per our calculations, even if bank employees pay income tax on this loan, they will still have some savings.
Gold loan market thriving in Indian states; Unimoni eyes Rs 1,000 crore loan book by FY25
Unimoni Financial Services CEO Krishnan R highlighted that states like Kerala, Telangana, Tamil Nadu, Bihar, Maharashtra, and Punjab are actively participating in the gold loan market. While farmers constitute a significant portion of their clientele, individuals, small businesses, and micro enterprises are increasingly turning to gold loans for various needs like education, weddings, and medical expenses. The surge in gold prices enhances lenders' security, allowing them to maintain favorable loan-to-value ratios.
What are Gen Z’s top 3 rules for investing & what are the red flags? Pranjal Kamra explains
Pranjal Kamra warns against accumulating personal loans and credit cards, emphasizing the importance of understanding asset classes, maintaining risk control, and being debt-free to avoid financial pitfalls. Kamra also says that for a beginner, it is virtually impossible to make money in categories like crypto and F&O. Either they border on gambling or they are such complex investment instruments by nature that it is not designed for a retail investor
Should you have a diversified investment portfolio tailored to children's education fund? Shweta Rajani answers
Shweta Rajani advises parents on key financial considerations for planning children's education, emphasizing diversified investment portfolios, early savings, and practical tips for overwhelmed parents, including multiple funding sources and emergency funds.
How to build a tax-free retirement corpus
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Is the NRI dream fading? Find out how it is becoming more difficult for Indians seeking higher education, jobs abroad
This story is playing out across the most sought-after destinations, such as the US, Canada, UK, Europe and Australia, among others. If you are dreaming of a cosy life abroad for your ward or looking to shift overseas yourself, exercise caution. The grass may no longer be greener on the other side.
Joe Biden cancels student loans worth $7.4 billion, 360,000 borrowers to get benefit. Will Republicans stop it?
The latest student loan cancellation program announced by the Joe Biden administration may face hurdles from two new lawsuits challenging the plan's legality. What Biden will do now? Know in detail.
Biden administration announces another round of loan cancellation under new repayment plan
Biden's administration is canceling student loans for 206,000 borrowers through the SAVE Plan. Legal challenges arise as Kansas and Missouri contest the loan cancellations. The Education Department is making progress under the new repayment initiative.
Ranjan Pai initiates arbitration against Byju's for not repaying loans worth $42 million
In the latest dispute, MEMG Family Office, led by Ranjan Pai, in March initiated arbitration proceedings against Byju for allegedly not repaying its loans amounting to $42 million through a pre-agreed transfer of certain shares of a Byju's group company, Aakash Education.
How to secure an overseas education loan top-up with an existing loan
Indian students face financial challenges pursuing higher education abroad. Overseas education loan top-up bridges the gap, covering rising costs and unexpected expenses. Thorough research, documentation, and lender engagement ensure a smooth application process for securing necessary funds.
Mubadala, Avendus invest Rs 1000 cr in NBFC Avanse
Abu Dhabi's Mubadala Investment Company and Avendus Future Leaders Fund II invest Rs 1,100 crore in Avanse Financial Services, an education-focused NBFC. The funding aims to enhance customer experiences and drive profitable growth. Avanse, with an AUM of ₹12,147 crore, plans to go public to raise Rs 4,000 crore, potentially becoming India's first listed education-focused NBFC.
Education loan moratorium can hike Rs7.5 lakh loan to over Rs 10lakh even before EMI repayment starts: Be careful
While education loan may help you achieve dream education however it comes with a cost in terms of interest payment. The mechanism of interest payment differs among the lenders. The type of education loan you opt for and how you utilise your moratorium period, will decide how much repayment burden you will have when you start paying EMI.
What Byju's teaches us
Byju's, an Indian edtech company, faced misgovernance and allegations of unethical practices. Governance is crucial in unlisted startups providing public services. Business models that work in other markets may not create long-term value in India's price-sensitive market.
Study Now, Pay Later: The overseas loan hacks you need to know
Sky-high tuition fees make education seem beyond reach. Availing education loans is crucial for visa applications. Determine expenses and loan amount needed. Explore various loan options and select the right loan for studying opportunities.
Nearly half trying to study abroad now women
An increasing number of Indian women are pursuing higher education overseas, particularly in STEM courses. They benefit from scholarships and funding opportunities, driven by societal shifts towards gender equality. Avanse Financial Services and loan agencies support this trend by offering incentives to attract female students.
Women from hinterlands seek foreign degrees
Young women in India's smaller towns and rural areas are increasingly pursuing foreign degrees, as evidenced by the rising demand for educational loans and applications to international universities. Avanse Financial Services reports that as of December, nearly 45% of students availing educational loans from non-metro cities are women. This trend has been growing post-pandemic, with female students showing interest in traditionally male-dominated fields like STEM courses.
US education official resigns over Biden's Israel-Gaza policy
Tariq Habash, special assistant in the Education Department's Office of Planning, Evaluation and Policy Development, in a letter to Education Secretary Miguel Cardona, said: "I cannot stay silent as this administration turns a blind eye to the atrocities committed against innocent Palestinian lives, in what leading human rights experts have called a genocidal campaign by the Israeli government."
Taking an education loan? You must explain these key points to your child before taking it
Taking an education loan may be a good idea. It is important, however, for parents as well as children to understand the modalities and implications of this step.
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