Investing Insights
All about Student Loans
With education expenses in India rising at the speed of knots, it’s no wonder that the popularity of student loans are on the rise. In fact, a recent article Economic Times article^ suggests that MBA costs are expected to rise at 15.26% per annum and other undergraduate expenses 12.59% in next five years. For undergraduate engineering courses, fees typically range from Rs 5-10 lakh, while for a five-year medical course at a private college this number could be upwards of Rs 50 lakh! For post-graduate management courses such an MBA or PGPM, fees could be more than Rs 10 lakh.
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