A father is your first hero, your inspiration, and a lifelong friend. With Father's Day around the corner, you must be already planning for a gift. Instead of some usual gift, why not consider something, truly meaningful? Lets find out how to make this Father's Day 2024 special

Key Highlights

• What is Father's Day, and why is it celebrated?
• Meaning of financially independent student
• How can students achieve financial independence?
• Don't liquidate your family savings and funds
• Financial independence for women and men
• Quality education
• Credit score
• How can you be a financially independent student with Avanse Financial Services

What is Father's Day, and why is it celebrated?

Father's Day is celebrated to honour and appreciate fathers, the role they play in their child's life and their invaluable contributions. This day is typically on the third Sunday of June. This year, it will be celebrated on 16 June 2024. So, you must be already brainstorming to find a perfect gift. What if we told you that nothing is more precious to a father than watching his child become self-reliant and, most importantly, financially independent? So, how can students enjoy this independence? Let's discover this together.

Also Read: Complete Guide For Education Loan For Studying Abroad

Meaning of financially independent student

When students don't rely heavily on their parents to support them, their higher education, or their lifestyle, they are financially independent. Education, whether in India or abroad, is and expensive affair, Higher education involves several costs, such as tuition fees, accommodation costs, living expenses, travelling expenses, learning devices, and more. So, with so many factors involved in the cost of education, how can financial independence for students be achieved without depending on their parents?

How can students achieve financial independence?

Did you know several students turn to student loans to fund their higher studies without depending on their parents? A student loan is a prudent choice as it bridges the gap between the aspirants and their academic aspirations. With an education loan, you can unlock multiple benefits.

Don't liquidate your family savings and funds

Every father has to plan for his child's higher education and his own retirement and set aside some savings for emergencies. Your Studies often become the priority, and his retirement plan and family savings take a back seat. Education loans can change this scenario completely. An education load can be a retirement gift for a father, where you can let the family savings be used for contingencies.

Also Read: Most asked questions by study abroad aspirants in 2024

Financial independence for women and men

Financial independence is crucial for students regardless of their gender. So, you can be a financially independent student and pride yourself in a self-made badge by opting for a student load. An education loan is accessible to all students, and thir fosters equality, ensuring aspirants have the resources to pursue higher studies to thrive in their professional careers.

Quality education

Lack of funds should never force you to settle for a less prominent college or less popular course. When you choose a student loan, you can secure a seat in your dream university, go to your desired destination and, more importantly, choose the in-demand study program that will set the path to a successful career.

Credit score

When you repay your education loans, you build a healthy credit score. You are at that juncture in your life where you will eventually need other financial solutions such as a car loan, home loan, and credit card. Financial institutions will rely on your creditworthiness to offer you these products. This is where repayment of education loans will play a crudial role.

Also Read: A guide for pursuing an MBA abroad for Indian students

How can you be a financially independent student with Avanse Financial Services

At Avanse Financial Services, we understand the importance of quality education, and hence, we offer student loans for a plethora of coueses at several universities accross India and abroad. In fact, our education loads cover the holistic cost of education, inculding tuition fees, accommodation costs, living expenses, travelling expenses, learning devices, and other education-related expenses.

As as new-age education-focused NBFC, we witnesss and acknowledge the changes in the academic landscape, which is evolving with several emerging programs. So, education loans are available for conventional courses such as STEM and MBA, unconventional programs such as sound production and other executive, skilling, upskilling, and reskilling study programs, too. Furthermore, we extend several benefits such as 100% financing, quick sanctions and flexible repayment options.

So, now that you know that financial independence is the best gift for a father, you can embark on your education loan journey. If you want to know more about student loans, interest on an education loan, or an education loan calculator, please conenct with us today. We will be glat to partner with you on your academic journey. We wish you a happy Father's Day!