Education Loan Schemes for Students

Educational Loan Schemes for Students for higher studies in India and abroad

Here is the detailed information for Educational loan schemes that are available for pursuing higher studies both in India and Abroad. This information is released by the Ministry of Human Resource Development, Department of Higher Education, Government of India - the content source is the website: http://www.education.nic.in/scholarship/Schol-Studentloan.asp

Education Loan Schemes of Various Banks
http://www.education.nic.in/studentloans1.asp

Following banks do provide loans for students:
SBI(State Bank of India) & its Associate Banks
Other Public Sector Banks
Some Private Banks

Model Student Loan Scheme of Indian Banks' Association

REVISED MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGHER STUDIES IN INDIA AND ABROAD
http://www.iba.org.in/educational_loan.asp

The following courses are eligible for Student Loans

a. Studies in India: (Indicative list)

# Graduation courses : BA, B.Com., B.Sc., etc.
# Post Graduation courses : Masters & Phd.
# Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
# Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
# Courses like ICWA, CA, CFA etc.
# Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.

# Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping, if the course is pursued in India. In case the course is pursued abroad, the Institute should be recognized by the competent local aviation/shipping authority

# Courses offered in India by reputed foreign universities.
# Evening courses of approved institutes.
# Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR c

# Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/ recognition by user institutions.

# Courses, which are not covered under the criteria mentioned above, individual banks may take a view to consider extending

# education loan under the scheme taking into account the future prospects/recognition by user institution.

b. Studies abroad :

# Graduation : For job oriented professional/ technical
# courses offered by reputed universities.
# Post graduation: MCA, MBA, MS, etc.
# Courses conducted by CIMA- London, CPA in USA etc.