top of page

What resources are available for managing student loan debt?

Curious about student loan

What resources are available for managing student loan debt?

There are several resources available for managing student loan debt in India. Some of these include:

1. The National Scholarship Portal: This is a governmentrun platform that offers scholarships to students who need financial assistance to pay for their education.

2. Student Loan Calculator: Various banks and financial institutions offer a student loan calculator on their websites. This tool can help you estimate your monthly payments, the total interest paid, and the total amount you will pay back over the life of the loan.

3. Student Loan Refinancing: Some banks and financial institutions offer student loan refinancing programs that allow you to consolidate your existing student loans into a single loan with a lower interest rate and better repayment terms.

4. IncomeDriven Repayment Plans: These plans are designed to make your monthly student loan payments more manageable by tying them to your income.

5. Loan Forgiveness Programs: Various loan forgiveness programs are available for students who meet specific eligibility criteria, such as working in public service or qualifying for a specific program.

6. Credit Counseling: There are several credit counseling agencies in India that can help you develop a budget and manage your finances to ensure that you are able to pay off your student loans on time.

It is important to research and understand all the options available to manage student loan debt and choose the one that is best for your financial situation.

bottom of page