Risk of Student loans

Various young minds are getting graduation every year across the globe. But every student cannot afford the bill. And hence automatically the ones with a poor background has to depend upon the loan from the banks in order to finish their university studies. But there are various drawbacks in these loans and hence the affected ones are these young people. Lets see about them….

NO LOANS ARE GIVEN EASILY

In today’s world, if any student approaches for loan, the cheque will not be given immediately. We can get other loans easily, but education loan is a bit difficult. Because in this loan there is no investment and hence they will consider that it is a huge risk by giving these loans loans. But we have change this rule and make all students applicable for loan.

INTEREST RATE

Since its a loan, naturally one has to pay its interest also. But for these young minds, the job will not be acquired easily and hence it will take years to acquire jobs. Till then he should pay the loan. In that period the student will definitely have a tough period because without job he will definitely have no money to survive itself. But in those time also he has to pay that loan.

CONCLUSION

” LET US ALL TRY TO MAKE EDUCATION LOANS EASILY AVAILABLE AND MAKE YOUNG MINDS TO STUDY “