Student loan myths
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What are some student loan myths?
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Hey Robert,
While student loans are a viable option for many students, several myths and misconceptions can make it difficult to make informed decisions about funding your education. Here are 9 common student loan myths-
- You will never be able to pay off your loan
- You should borrow as much as you can
- You should always go for a student loan with low-interest rates
- You will not get a loan if you do not have collateral or a good academic record
- It is wiser to use personal savings rather than taking a student loan
- There is no need to worry about the repayment of loans till you graduate
- Income-driven loan repayment plans lower your debt repayment costs
- The loan interest rates may keep fluctuating
- You need to completely follow the advice of a loan service provider
Do you need assistance securing a loan? Reach out to our counsellors at- Email- info@ischoolconnect.com Phone +91 9145332283