- Sakal India Foundation
- August 1, 2020
While most state board examinations are over, students should be thinking about getting admissions in various colleges. However, keeping the high cut-offs in mind, students should consider back-up plans. Many must have given a thought to study abroad. However, Indian students often underestimate the amount of time it takes to apply to overseas universities. There are many benefits of choosing a particular country along with a certain course of education. In order to consider this, we should understand a few things. For example, health insurance is one such field wherein many establishment hire part time. Advantages of working while studying lead to an increase in work experience, good money, financial management, opportunity of networking etc.
Students who work during their college careers may develop better time-management skills than their peers because they have to apply it to their daily lives. Taking on a part-time job while pursuing a degree is hard work, but the benefits are far beyond just achieving a simple paycheck. To get a loan from a lender, you generally have to pledge security such as house property, fixed deposits, shares, bonds, etc. This is done so that in case you default on the loan, lenders can recover it by selling the pledged security. The security pledged against a loan is termed as collateral. However, one can get an educational loan without pledging any security. The Credit Guarantee Fund for Education Loans (CGFEL) Scheme provides a guarantee for educational loan.