Student loan- A right way to success

Where there is success there is definitely the happiness, happiness which is very important for a teenager to be active. Now a day’s the criteria for earning money are – people buy children! Yes! They buy. And then they ask them to beg because these people think that if small children will beg then definitely people are going to give more. But these poor children
they don’t know what is good for them and what is bad, they just do it because they are beaten up if they don’t do so.
But the smartest thing that has developed in the educated people is they don’t give money to children but they find out about them, their conditions and other things as well and then they put them in schools and ask them to study, they provide them books as well and give them the education.
There are some people who don’t beg- what about them? How will people find about them? Yes govt. has provided the students loan, yes for the poor’s who cannot afford.
This is the loan in which students are helped by paying for the university tuition, books, living expenses. Interest rate is always lower in this.
Various countries have various different criteria for the student’s loan. For e.g.:
 Australia- HECS HELP scheme is the fund which helps the tertiary students to take loans and study further. They are being too repaid over time. Discounts are available for early payments. For indigenous students special assistance is given.
South Korea- The loans are managed by Korea student’s aid foundation. It was born in May 2009. They help the student’s to grow into talent and serve the country. Student’s loan program is one of their main tasks.
United Kingdom- Here the loan is aided by student’s loan program. Loan cancels if borrower dies or if is unable to work further in future.
Govt. has provided its own site where people can apply for loans.
Not only the poor, it provides loan to every student who are in need of it for studying, or living expenses.
Some mistakes that should be kept in mind by students for loan when living off campus:
Skippingof the free application for student federation – this is the important step in the financial aid process.
Living lavishly- resist the temptation to live lavishly abroad on vacation.
Maxing out your loans- you need to see where you can cut down your expense to further increase your loan demand.
Relying solely on your loans- this is not the done point, you can never rely on your loans always even if you have the living expense included in it.

Tips you need to remember when you pursue your loan for further graduate studies:
Know your loans- lender, balance and repayment should be kept in check.
Grace period should be known- grace period is the one which tells the time how long you can wait to do your first payment, and I think longer the grace period lesser will be the pressure on the students.
The one who has lended you the loan, you need to stay in touch with.
Right repayment option is the point to check on federal loans.
No need to panic, if you are unable to repay because of health problems or any other problem regarding financial status or anything then no need to worry managing federal loans is the option given in the loans category for the students.
Staying out of trouble is the best option because sometimes students loan creates serious consequences that too life time. Delinquency and default can be put if repayment is not done.
The loans with high interest rate should be paid first, as it is the best option if you have carried yourself out with many loans.
You can consolidate your student’s loan through direct program loan which also means you can put your multiple loans in one monthly payment category.
There are many programs which forgives or frees you some loan if you work in certain employers type of job.

So, no need to worry when the govt. has promised the students to take to the higher level by educating each and everyone.