What expenses are covered by a student loan?

Friday,10th August 2007

You can take a student loan to finance a range of expenses for your education, including:

Fees payable to the college, school or hostel, including tuition fees.
Examination, library and laboratory fees.
Purchase of books, equipment, instruments and uniforms.
Caution deposit, building fund, refundable deposit supported by the institution�s bills or receipts.
Travel expenses for studies abroad.
Buying computers essential for completion of the course.
Any other expenses needed to complete the course, like study tours, project work and theses.
Interestingly, State Bank of India loans also cover the cost of two-wheelers -- up to Rs 50,000.

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