“Education is not the learning of facts, but training the mind to think” - Albert Einstein.

Literacy is crucial for the overall development of the society. This year, World Literacy Day will be celebrated on 8th September. So, what is the importance of this day, and why is it celebrated? Let’s find the answers to these questions, understand the importance of higher education and more on this International Literacy Day.

Key Highlights:

• What is an International Literacy Day?
• What is the importance of higher education?
• International Literacy Day theme
• How do we celebrate International Literacy Day 2023?
• Incredible benefits of student loans you must know
• Avanse education loan
• Evaluation process of your education loan application

What is an International Literacy Day?
United Nations Educational, Scientific and Cultural Organisation (UNESCO) declared 8th September as International Literacy Day on 8th September 1967. It is observed to highlight the importance of literacy and that the right to education is a part of human rights.

What is the importance of higher education?
The role of higher education is to shape young minds to develop a robust economy, moral society and rich culture. The need and importance of higher education cannot be stressed enough when the world is witnessing a significant shift in the job market, where emerging career avenues are replacing traditional ones. Higher education is responsible for chiselling the younger generation and developing their skills to be career-ready.

International Literacy Day theme this year
UNESCO has declared the theme for 2023 as “Promoting literacy for a world in transition: Building the foundation for sustainable and peaceful societies.”. For students, World Literacy Day will be about understanding literacy’s significance in building an inclusive, peaceful, and sustainable society.

How do we celebrate International Literacy Day 2023?
Higher education is necessary for success in life, be it personal or professional. For personal growth, it instils the right thought process to be better citizens and independent individuals. Also, it hones soft skills and establishes a solid moral compass. For professional development, it imparts domain-specific knowledge, providing you with much-needed expertise and also develops industry-specific skills.
What better way to pursue higher education independently without worrying about education inflation than by opting for a student loan? Whether you want to study abroad or in India, an education loan is a fantastic way of financing your higher studies without depending on your parents.

Incredible benefits of student loans you must know

• Be atmanirbhar: If you aspire to be an independent individual, you can take your first step towards it during your student life by opting for a study loan. Imagine taking pride in earning a self-made badge.
• Don’t liquidate assets: Many parents are forced to liquidate their assets or family savings. Family savings can immensely help during a rainy day. A loan for education will allow you to use savings during an emergency.
• No compromise: When you opt for higher education, the pedigree of your education institute and course is crucial, which will lay a strong foundation for a successful career. However, lacking funds should not prevent you from securing a seat at your dream university. Education loan provides you with easy access to quality education.
• Good credit score: Students will need other financial products such as a home loan, car loan and credit card later in life. Responsibly repaying the education loan will help you develop a healthy credit score. A positive credit history will unlock multiple benefits when you opt for other financial solutions.

How will the Avanse education loan help you pursue your higher academic journey?

• 100% Financing: Whether you opt for an education loan for study abroad programs or to study in India, the education loan will cover the holistic cost of education, including tuition fees, accommodation costs, travelling expenses, living expenses, cost of learning devices and other education-related expenses.
• Hyper-personalised solutions: At Avanse Financial Services, we understand your unique financial requirements, and hence we design customised solutions.
• Quick Sanctions: Many students sometimes struggle to meet the university fee deadline. We strive to offer quick sanctions if students fulfil our pre-set criteria.

Evaluation process of your education loan application
Most financiers, including Avanse Financial Services, have moved the application process online. You can visit the Avnase website and apply in four easy steps: Fill out the online application form, speak to our consultants, share the documents and receive the loan amount if you meet our criteria.
When students apply for a student loan, their student profile will be evaluated to determine their employability potential. Therefore, parameters such as your academic performance, entrance exam score, pedigree of educational institution, continuity in education, etc., will be examined thoroughly. Additionally, your co-applicant’s financial background will be evaluated as a part of the process. If you tick all the boxes, your education loan will be approved.
So, this International Literacy Day, embark on your higher academic journey. If you want more information about education loans, please connect with us. All the best!