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Quiz on Educational Loan
An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses.
It covers basic course fee and other related expenses such as (college) accommodation, exam and other miscellaneous charges.
For Educational loan a student is a main borrower while parents, sibling or spouse are the co-borrowers.
In India there are several boards offering Secondary and Higher Secondary educations
Educational loan gets cheaper if a borrower starts working abroad and is paid in Dollars or Euros.
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