Education in India has always been of paramount of importance in the life of every child. It is imbibed into every child at a very early age that education is what will raise their standard of living and of their families. Education had thus, been made free till the age of 14 by the Government. But for some people higher education involving graduation and post graduation courses has become a very expensive. It can become even more expensive when the student has plans and hopes for studying abroad. Here comes the question of education loans. Many students dream of studying abroad as well in India but the rising fees and other expenses involved cannot be paid by most parents. Thus, education loans are issued. Education has become expensive in today's world. Courses in management, dentistry etc demand a huge amount as fees and will be difficult to afford for most parents. Higher studies are also very expensive at time and involve lakhs of rupees. Education is one of the few means by which every Indian middle class child can turn his dreams into a reality. Money, power and fame are the basic primal needs of every individual in a society and in India there are very few ways to achieve it unless one has influential and rich parents. Thus in the Indian society, a person's calibre is determined according to the number of degrees and diplomas he holds. Highly educated people get respect in the society and that is a highly prized emotion in India. Education Loans are offered by many banks in India. One of those banks, is the HDFC bank which offers such loans. HDFC education loans offer a variety of features such as loans of up to 15 lakhs in India and up to 20 lakhs abroad. They also give a rest period of a year after you complete the course or around 6 months after one is gainfully employed. The loan periods can be extended to 7 years and the student can also get tax exemptions. HDFC education loans are also easy to get and can also pay for other education related expenses as well. Education loans are a means for the common masses to have access to the highest education standards and also study whatever they want to study and wherever they want to study. These loans have opened all doors for the common student with extraordinary dreams. With the highest quality education within their grasps, the youth of the country can and will change the face of this country and lead it to a better and a bright future. As they rightly say, 'No mountain high enough and no valley low'.
Addi is a business writer. To Know more on loans, education loan visit the financial community.