Student loan
A student loan is a type of loan designed to help students pay for post-secondary education. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy.
About Student loan in brief
A student loan is a type of loan designed to help students pay for post-secondary education. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. Tertiary student places in Australia are usually funded through the HECS-HELP scheme. The Indian government has launched a portal, Vidya Lakshmi, for students seeking educational loans and five banks including SBI, IDBI Bank and Bank of India have integrated their system with the portal. South Korea’s student loans are managed by the Student Aid Foundation which was established in May 2009. In South Korea, the default rate of redemption is related to each student’s academic personalities. For instance, physics students are compared with other students in physics and are supposed to serve the nation and serve as members of society as well as students in other fields. In India, the Indian Nation Loan Scholarship Scheme which operated from 1963 would make the extra waste on expenditure for the reason of ‘limiting’, which means only the people who really need to borrow would apply the student loan for the future education. In New Zealand, full-time students can claim loans for both fees and living costs while part- time students can only claim training institution fees. The public sector is one of the most important sections in Thailand’s higher education system.
There are six various sections in the public sector’s organization: colleges with the limited enrollment，universities which is opening to public, universities which is national autonomous, Rajabhat colleges, Ajamangala Universities of Technology, and polytechnic colleges. The education loan is expected to grow at a rate of 32 per cent in 2009-10 and – At 39 per cent during the 2012-13 to 2014-15 period. In the year ending March 2013, the outward remittances for overseas education in South Korea was 114 million USD ( USD 114 million in March 2013 was the year ended March 2013). In the same year, the student loans were $1.2 billion (US$1.3 billion) in the UK and $2.1 billion in the U.S. The South Korean student loan scheme is available to citizens and permanent humanitarian visa holders. It was established by the Government of South Korea in 2009 and was supposed to help develop the nation’s future talent and talent development and help students grow into talents that serve the society and serve the country. In 2013, it was $1 billion (USD 1.4 billion) and in 2014, it will be $1billion (US $2 billion) The South Korea student loan system is managed by a foundation called NSDL e-Governance in Korea which was set up by the Korean government. It is a non-profit organisation that aims to promote the development of South Korean students and help them develop their talents and talents.
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This page is based on the article Student loan published in Wikipedia (as of Dec. 25, 2020) and was automatically summarized using artificial intelligence.
