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REAP Code 034

Education Loan

Student loans also known as Education loans or higher education loans are financial aids provided by the Private financial institutions, Banks and Government organization to help the needy but otherwise eligible students to attain higher education in reputed professional institutes. It is designed to help students pay for college tuition, books, and living expenses. Unlike other financial aids like scholarships, grants and stipends, a student loan must be repaid by the recipient although with some ease than the other loans. Most of these loans are to be repaid after the completion of the course of education.

Due to Excessive Fee in the Schools & Colleges a Large No. of Students belongs to the Poor Family are Unable to Take admission in to various Schools and Colleges, raising this Point in front of the Government the Peoples had done a Great Job.

Eligibility to apply for student educational loan

1. Loans are given to students who are citizens of India. The student should have a consistently good academic record, and admission to an approved Educational Institute for pursuing a recognized course.

2. Students should have an earning parent / guardian as a co-applicant to the loan.

3. Applicant should be student of selected educational institutions.