education loan requirement

[punam]

i have received ofer leter from georgian colege in which fees is 12000$...may i know that what amount of loan is required if i want to pay fees from loan? wil an education loan of 9 lakhs work if m disbursing the fees from this loan only??

 

[jassi89]

yes of course it will work...

 

[ragz306]

noooooo if u are disbursing your fees from loan then its really not ok
its clear yaar..like yu hav taken loan of 9 lac and first installmnt will b around 3 lac..then the remaining amount will b 6 lac...and its not suffiecient

yu hav to take loan of around 11-12 lacs if yu want to send fees from yr loan

 

[enfield]

i have received ofer leter from georgian colege in which fees is 12000$...may i know that what amount of loan is required if i want to pay fees from loan? wil an education loan of 9 lakhs work if m disbursing the fees from this loan only??

Hi,


Your total tuition fees : CAD 12,000
Living Expenses (as per SPP/General Visa checklist) : CAD 8,000

Total : CAD 20,000 (approx. Rs. 9,60,000)

You need a minimum 80 % of the above said figure : Rs. 7,68,000
You loan amount : Rs. 9 Lacs

I quote :

“at least 80% of tuition +living + travel expenses for one academic year (normally, first year’s tuition, unless already paid, plus $8000).”


Now, even after paying your tuition from the loan amount you still have more thn enough to show. You can deduct your first term paid fees from the total minimum required amount of 80 percent.

 

[neeraj1985]

Hi,


Your total tuition fees : CAD 12,000
Living Expenses (as per SPP/General Visa checklist) : CAD 8,000

Total : CAD 20,000 (approx. Rs. 9,60,000)

You need a minimum 80 % of the above said figure : Rs. 7,68,000
You loan amount : Rs. 9 Lacs

I quote :

“at least 80% of tuition +living + travel expenses for one academic year (normally, first year's tuition, unless already paid, plus $8000).”


Now, even after paying your tuition from the loan amount you still have more thn enough to show. You can deduct your first term paid fees from the total minimum required amount of 80 percent.

Bang on Enfield...that's the clear cut interpretation of the 80 percent rule !!

 

[punam]

thanx every1