As we don’t know about the loan amount and targeted institution. It’s best to check with bank on the campus itself. They usually give the best deal without any securities. For example - SBI@IIMs give you 25+ lacs education loan without any security. If you go outside, you have to give security for education loan > 7.5 lakhs.

Product Manager

Okay thanks.  
  
 Loan amount is sub 20lac btw, the institution is in the process of getting these banks empaneled.

Senior Associate

Hi guys, need advice, i am planning to pursue higher studies in India. Looking to know your experience in education loan, which is better, rate of interest and other details!  Please share your exp...

Welcome to Personal Finance's Private Community

Hi guys, need advice, i am planning to pursue higher studies in India. Looking to know your experience in education loan, which is better, rate of interest and other details!

Please share your experience. Do and don’t if any. 

Thanks!

Education loan

Education loan- Grapevine

Welcome to Software Engineers's Private Community

So my sibling is about to graduate with a degree in Computer Science from a T2 college in a few months and wants to now do MS in the US because of three reasons: 

1. Low levels of violence against women(Sexual Assault) [IMPORTANT!!]
2. Want to do innovative work in the US instead of working on copycat products in India
3. Ambition of living in the US long term because of free-er culture

But my parents have flat out refused to fund the education or even help her with a loan due to regressive mentality (nahi jaana baahar, 2-3 saal kaam karo aur shaadi karo chup chaap)

She has accepted a job offer for now and will make 14L/year. What are her options? Should she drop the idea of MS abroad?

What to do if your parents refused to fund your education(MS/MBA) abroad?

Two options -  
  
 1. As I read, she will making 14L, save aggressively and self fund herself to MS. Places like UoCincinati or Texas univs aren’t that costly. She might able to score a diversity scholarship/waiver as well. 
  
 2. Start looking for Germany based unis. They have minimal uni fee, she just need to maintain the living expenses.  
  
 My 2 cents - Working for 2-3 years before MS will bring more clarity and increase the RoI of investments.

Software Developer

Welcome to Business Roles's Private Community

I did my btech from IIT in 2022 and then have been working for the past 2 years. Now thinking of going for an MBA but confused about whether I should go to IIMs or go abroad for an MBA. I need help in deciding further steps as I want to plan it out for the year 2025. By that time I will have a work experience of 3 years. 
Also would be helpful if people can suggest which are the best sources and materials from where one should prepare for CAT & GMAT.

Need help deciding for further education: India or abroad.

Business Analyst

My brother is planning to do a master's in design. What are the best providers for an education loan? 

Context: Providers where the principal payments start post placement/getting a job

Educational Loan

Generalist

Welcome to Product Managers's Private Community

I'm a final year student at a tier-1 engineering college. I am looking to break into product management and have been looking for internships and full time opportunities for the last 5 months. I've had no luck so far, and my campus placements are not up to the mark this year so no luck there as well. I've done all the essentials for preparing for this role, like preparing for interviews, participating in product teardowns, working on a portfolio etc. I initially planned to work for a few years and do an MBA in the US but I'm seriously contemplating going for a master's degree now (maybe MiM in EU or some MS in software applications in the US). Looking for advice on what should be my next steps. 
PS: I'm not looking to do an MBA in India. If I go for a master's degree, I want to do it abroad.

Is this a good time to go for higher studies (in management or similar)?

I have been working as a software developer for the past 4 years mostly on startups. Pay is good(top 10%) no issues while working everything good in work life no problems. But there is always a feeling that I am not good at basic understanding of development I feel it is because  I didn't go to any IIT or any other major colleges or didn't study for any particular exams. I just learned everything by doing it not by preparing beforehand. There is fear that maybe that's not always enough which makes me a little bit afraid of giving interviews of big tech companies.
So I am not able to decide where I should go from here. Should I start with  masters or should I just learn everything I can from basics to have a solid understanding or maybe some other path.

Master's or While working learn on your own

I stay with my parents in a tier 2 town. We have a 800 sq. ft house which is more than 100 yrs old. We are really scared of living in this home as it is fully damaged. 

Yesterday one incident happened one of the walls got demolished. Fortunately we were not there at that time. 

For the past few yrs, We wanted to reconstruct our home from base, but the total cost is around 20 lakh. 

I have been working for the past 2 yrs but hardly able to collect 3 lakh as I spent most of the money by giving it to my father during my sister's marriage.

Guys, can anyone suggest 🙏🙏 there is any source or platform from where I can raise funds. We need to raise around 14 lakh.

Guys need your valuable opinion!

Analyst

A little background: I'm 2024 cs grad from a tier 3 university placed at Zomato as an SDE-1. Getting a good pay of ~25 LPA. 

Should I be considering a masters in AI/ML field, considering I've no prior knowledge of the field and I'm only attracted to it because of the recent rise of LLMs. 

I would be open for a masters from India or abroad. 

What are the pros and cons? Should I go for it? If yes then what's the path that you'd suggest if you've done it or someone you know who has done it? What would be some good universities to target? 

Or is it a bad idea?

Masters in AI/ML

Welcome to Moving Abroad's Private Community

Hi Team, 

I have an admit from a Boston University for MS in US. The loan amount is coming around 80L including living expenses and tuition fees. 

I’ll have to take a loan to pursue education there. 

Is that worth it? The loan amount looks too high. 
What would be the time taken on an average to payback the loan? Is the ROI justified? 


Please help. Thanks.

Suggestions on MS

Software Engineer

I am planning to buy a house(but in my mother's name) maybe at the end of 2024 so I wanted to have some clarity on the questions below.

House price = 100 + other charges?
Suppose somehow if I have 70 to buy the same house and I need remaining 30 + other charges.

1. How to get a loan for the remaining amount considering the house won't be in my name?
2. Will I get a house loan?
3.Do I need to apply for a personal loan?

Please share your thoughts🙏

Advice for loan

Hi, I have been thinking of taking some paid and live courses to keep me consistent and accountable. Does anyone have experience with scaler academy courses ? Are they worth the price they are asking? Please recommend any other good paid courses you found for upskilling which have a component of live classes.

Opinion on scaler academy

Welcome to Office Gossip's Private Community

Can someone help me on my dilemma and what should I do and follow ? My head is bursting out of tension, and I am just going mad being scared about my future.

So I(23M) am currently working in a big product based company, and it's office is located in hyderabad. With the recent RTO push, I will have to move there soon. The thing is, I don't want to to move to hyderabad. Many reasons to it. Firstly, I know no body in the city, like have just one friend in that city, and office peeps. Living alone like this is what I'm afraid of (I've never lived away from home). Secondly, I am a pure vegetarian, and hyderabad smells non-veg from road to road. Cafe's restaurants, that stinking non-veg everywhere. Lastly, my parents will be left alone here at my hometown, and they'll not prefer moving with me coz they'll become even more alone in an unknown city. 

I am thinking to change my job and get to Bangalore, where I do have more friends and family, and Bangalore doesn't stink as well (non-veg is present in cafe's and restaurants everywhere, but it's way much bearable). The last problem still remains. 
An added problem here is the current economy and recession (I know India has lesser chance of recession, but IT companies are based out of US, so layoff risk continues). 

I also have a plan to go for higher education, in India itself. But moving away is still an issue, with an added financial burden, as there will be no one earning. And I really feel that getting that second degree is necessary. 

I am supeeerrrr stressed on what should I do, and with each passing day and I'm able to do nothing, it's just stressing me out so much. 
Anybody who faced similar situations ? What did you do and how did you cope with it ?

Worried about career and future ahead...

I have a strong passion in tech. I’m almost a nerd. The thing is, I never wanted to study the conventional indian way and therefore I don’t have a good academic record. 
10th : 8.8 gpa
12th: 71 %
Joined a civil course even though i loved tech, regretted and moved to another university after completing 2 years of civil.
Completed graduation with a degree in ECE and an 8.1 GPA due to covid.

My professional record is quite average with a 12.65 LPA offer as an SDE, 1 YOE.

The thing is, I crave money.  The current market situation and the opportunities available currently does not seem decent for me to switch and get a 20~30 LPA job.

Therefore I am considering higher studies. I need some advice from people who have been there and done that.

Share your opinion/suggestions, lets discuss!

Is MS from Us/Canada/anywhere worth it?

Is going to ISB worth it??

so I've taken an education loan worth 20 Lakhs, 10% p.a. interest

will graduate next year (24) and wanted to know how do i maximize my tax savings due to my ed loan 

if you guys have any other ideas to save taxes apart from this, please tell in the comments, thanks!

save taxes by education loan

Quantitative Research

Question to experienced guys , (ppl with > 8 yoe)
Going up the ladder, the competition for promotions must get harder and harder with lesser people on the top. At this stage do you find that having an additional degree helps in terms of hirability? Does MS add any value in in long term career growth/job security?

I don't want to move from India , so I was trying to evaluate if there is meaning to an MS apart from transfer to US and dollar salary...

Value of MS in long term?

Has anyone here done double MBA? 
I am currently thinking of doing another MBA(outside India). Did my MBA from top 15 Bschools in India 10 years back.
Reason: Honestly want to move out of India.

Double MBA

Head Of Growth

Confused if i should go for MS CS from USA or stay in India, how would you decide?

I have almost 5 years of experience as a software engineer in India.

Its been a long time now, that i am confused if i should go to US for MS considering i will have to take up a loan of 50 lakhs.

Also the layoffs are here, probably scenario will be good once the MS is over (May ‘24) , and i might be able to repay the loan.

It seems like a huge step and a risky one.

My motivation for US are
1. Foreign Exposure and Experience
2. Bank Balance for better retirement in India
As IT is uncertain and we never know what might happen in future.

What are your thoughts on this, what factors should i consider?

MS in CS at US or stay in India?

Just wanted to know if your top B schools in India actually are worth the money you’re ready to shell out or is it something that’s just gold covered ***. 

Incase of doing an MBA any recommendations at what stage in my career should I go for one and which schools should I apply for ? 👽

Education loan

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