How do education loans work if I take a loan for pre-masters and masters together?
It depends on the country and lender, but you can usually take an education loan that covers both your pre-master's and master's programs together.
- Loan amount: The loan should cover tuition, living expenses, and other costs for the full duration of both programs.
- Disbursement: Funds are typically released in installments, matching your university fee schedule.
- Repayment: Most lenders offer a moratorium, so you start repaying after your studies. Interest may accrue during this period.
- Documentation: You’ll need admission letters for both the pre-master's and master's programs.
- Loan tenure: The repayment period is set to cover both courses.
Loan terms and eligibility are subject to change and vary by lender and country.
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