Avanse Education loans aims at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. To know more visit : http://www.avanse.com/avanse-education-loans/

3.  We all know that higher education is expensive, but we also know the
professional and personal growth it can provide. For many people,
going to college means taking out student loans, a serious credit
product that shouldn’t be entered into lightly.
 It’s a good idea to calculate the monthly student loan payments you will
owe before you even take on the debt so you can make an informed
decision about whether you can afford the debt. Signing on for student
loans before fully understanding them is a major student loan mistake,
but it’s not the only one you can make.

4.  While student loans may seem like a necessary evil, there are other
options to afford college. You can choose a cheaper school (think in-
state or online), attend a work-based school, attend school part time
while working, put off school for a year to save up or apply for
scholarships or grants. You can even do a combination of all these
options. Even if this doesn’t completely eliminate your need for
student loans, it can reduce how much you have to borrow.

5.  You may be tempted to take out student loans for the full amount
you’re offered, but it’s a good idea not to borrow more than you
need. Instead of using the money beyond tuition and room-and-
board for parties or clothes, it’s important to weigh what you really
need. Then you can avoid paying interest for years on that spring
break trip!

6.  You may think heading to the bank or another private student lender
is the first step when it comes to getting a loan, but federal student
loans typically have lower interest rates and more consumer
protections. No matter which route you go (and you may have a mix
of private and federal loans), it’s always a good idea to shop around
for the best interest rates and terms. You also want to know who
services your loans, what programs they provide and how to access
your statements.

7.  Lenders will likely offer you several repayment plans for your student
loans. Which one you choose can have a significant impact on the
length and total cost of the loan. Some may have you paying more
each month but less overall, while others will keep the monthly
payments low but you’ll pay more in interest over a longer term.
Standard plans are usually paid down in 10 years, but feature higher
payments than the graduated or income-based plans. It’s a good idea
to think about your career projections, what you will realistically be
able to afford and how you prefer to repay loans.

8.  Even when you are still a student, you can put a serious dent
in your student loan payments. This is usually penalty-free.
With just a little bit of cash each month, you can help reduce
your debt. You may want to consider taking on a side hustle,
turning your hobby into cash, finding a paid internship,
tutoring, participating in paid research, freelancing your skills
or looking for a work-study opportunity on campus in order
to do this.

9.  When you take on debt, you are also taking on the
responsibility of getting organized and keeping track of what
you owe. Paying late or missing payments can put you at risk
of defaulting and can ruin your chance of qualifying for loan
forgiveness in the future, in addition to wreaking havoc on
your credit score. It’s important to plan ahead of time to
ensure you pay in full, on time, every month. You can see
how your student loans are impacting your credit scores for
free on Credit.com.

10.  When you are given monthly payment options, it’s a good
idea to also make sure you look at the total cost over the life
of the Study loan, as well as possible tax implications. A
smaller amount may fit more easily into your budget but
leave you paying a lot in interest over time.
 Source : http://blog.credit.com/2015/05/7-deadly-student-
loan-sins-115927/

11. https://www.facebook.com/AvanseEducationLoan
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https://plus.google.com/+AvanseFinancialServicesLtdMumbai
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12.  Read more on Study Loan : http://www.avanse.com/avanse-education-loans/