GradRight Inc.
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How to avoid hidden costs in student loans?
Student loans often come with multiple hidden costs which trouble borrowers over the years. In uncertain times such as these, navigating graduate school applications and a search for loans can get overwhelming. As a result, it's crucial that you make wise and well-informed decisions. This can help you stay aware of, and avoid hidden costs. Here, we’ve put together a list of certain hidden costs that you should keep an eye out for, as you evaluate your loan offers. These include:
By GradRight Inc.4 years ago in Education
Ever wondered how lenders assess your profile for a student loan?
In simple terms, lenders invest in you, the student, when they fund your higher education. But investment comes with risk. As of March 31, 2019, the number of students able to secure loans fell to 2.5 lakh from 3.34 lakh students four years earlier. Moreover, the percentage of defaults on education loans rose to about 9% from 7% in the same period. (data courtesy CRIF High Mark, IBA).
By GradRight Inc.4 years ago in Education