Many people are familiar with students’ loans, educational funding from the government or private institutions that finance students throughout their study on the condition that the student will pay the total amount that was given to him or her, in instalments once the student gets a job.
However, instead of a student applying for a student loan, the parent can apply for a loan on behalf of their ward. The parent will be responsible for the repayment of the loan after the child completes his or her education.
1. BEFORE YOU BORROW
Do not be hasty to apply for a loan. There are other options that you can choose from before finalizing on taking a loan. You can apply for a student’s scholarship. There are different scholarships …Read more