We celebrated our first Independence Day on 15 August 1947. India has undergone a massive transformation over the years and will keep growing economically in the future too. Quality education is fundamental to creating a robust society because enlightened young individuals will play an instrumental role in nation-building. So, let’s learn about a  way to access quality education, some invaluable tips to save money, and other interesting things this Independence Day.

Key Highlights:

• Importance of finance for students
• Money saving tips for students
• What can you do this Independence Day to be financially independent?
• How Avanse education loan can help you make your mark?
• FAQs

Importance of finance for students
Learning to save money from a young age is essential because how you spend your money and how you save will shape your financial freedom. So, this Independence Day, you can pledge to be financially independent. Let’s learn how.

Money saving tips for students

• Best way to save money - Say yes to budget!

“Do not save what is left after spending, but spend what is left after saving.” - Warren Buffett. Creating a budget and religiously following it can help you a great deal. So, identify the fixed monthly costs, set aside a small amount for unplanned expenses and save the rest.

• Have fun, avail of student discounts

Who said you can’t have fun when trying to stick to a budget? Your student life can get boring if you don’t enjoy it every once in a while. So, go to your favourite cafes, events, movies, and stores with student discount cards to avail some incredible discounts reserved only for students. Your student ID can work in your favour, enabling you to enjoy fantastic student discounts. 

• How about sharing accommodation and happiness?

Many students study abroad or away from their cities and towns, further adding to the cost. Rent can be costly when you are studying away from home. So, you can choose to split these expenses by sharing your accommodation with your peers who are on the same journey as you. Besides, there’s one more perk of sharing your space with other students - sharing your thoughts and ideas and coming together for group studies.

What can you do this Independence Day to be financially independent?
Although saving money is important, students must never compromise on quality education. Nevertheless, with education inflation, higher studies can be a costly affair. Hence, many students opt for a loan for studies to finance their education independently.

Here are some fantastic benefits of education loans

• Earn a self-made badge: When you avail of an education loan, it gives you the perfect opportunity to pay it off yourself. So, you can take pride in being Atmanirbhar and flaunt your self-made badge.
• Build your credit score: You are at a crucial juncture in your life and will eventually require other financial products such as a home loan, car loan and credit card. By repaying your education loan, you can build a healthy credit score. It will enable you to enjoy benefits when you avail of other financial solutions.
• Let savings be savings: Parents make great efforts to save for the rainy day. You might struggle during emergencies if you liquidate these savings for your education. With an education loan, you can set aside these funds for contingencies.

How Avanse education loan can help you make your mark?

• At Avanse Financial Services, we offer a loan for student that covers the holistic cost of education, including tuition fees, travelling costs, accommodations costs, cost of learning devices, living expenses and other education-related expenses. It enables students to focus on their studies instead of worrying about extensive costs.
• You can get your education loan quickly if you meet our pre-set criteria. Meeting your university fee deadline will be easier as we at Avanse Financial Services offer quick loan sanctions.
• Every student will have unique financial requirements. Hence, we design hyper-personalised education financing solutions. We also offer flexible repayment options so you can pay your student loan seamlessly.

FAQs
Can I apply for an education loan as a student?
Absolutely, yes. Student loans are specifically designed for students to help them achieve their academic aspirations independently.
Which student loan is the best for students?
You must conduct thorough research to find the education loan that meets your financial requirement. At Avanse Financial Services, we provide customised education loans to our student community.
Can a 19-year-old student apply for a student loan in India?
Any student who is 18 or older can apply for an education loan.
So, you can make wise decisions about education financing this Independence Day. If you want any more information, please remember, we are just a call away. All the best!