I got selection for B.Com in LPU but the fees is fairly high. I will have to take an education loan for it. Is it worth the entire effort and money?

Hi there! I’m currently in my second year of B.Com at LPU, and while the fees are steep, I think it’s been a good investment. The curriculum is robust, and they focus on providing a quality education by assigning the right faculty to the right courses. Plus, living on campus has been amazing for meeting new people and getting involved in activities. Sure, taking a loan is a big commitment, but the opportunities that come with a degree from LPU are worth it if you’re ready to put in the effort!

Congrats on your selection for B.Com at LPU! I totally get the concern about fees. They are on the higher side, but I believe the experience you gain here makes it worthwhile. The campus life is vibrant, and you meet so many interesting people. If you're worried about costs, look into scholarships or maybe even part-time jobs on campus. This investment could really boost your career prospects after graduation!

Hello! Well, it's a definite NO!!! The procedure is actually quite simple for students and guardians. The facility can be availed from the first year as well as subsequent years. LPU has various bank branches on campus, including SBI, PNB, ICICI Bank, Oriental Bank of Commerce, and Karur Vysya Bank. They also have ties with other banks. LPU has established a separate loan assistance cell to help students obtain loan letters during admission, making it easier to secure education loans from partnered banks.

Here’s a list of documents required for the loan:

• Loan Letter issued by the university.
• Xerox/Photocopy of all the certificates of the student.
• Address proof of the student and parents (Aadhar Card, Ration Card, Voter Card, etc.).
• Income proof of the parents (they will be treated as co-borrowers for the education loan).
• Copy of PAN Cards of Parents and Student.

Thanks!

Hi, Great news! LPU offers assistance for education loans. Here’s what you need to know: The process to apply for an education loan includes the following: Education loans are facilities provided by banks to students. LPU offers guidance and necessary supporting documents after admission. Once you secure admission (even provisional admission), the university will issue a loan letter (which includes the admission letter and fee structure), allowing you to apply for an education loan at any bank in your hometown. You can obtain the loan letter at the time of admission from the university campus or any of its out-campus offices. Banks typically require the following documents:

• Loan Letter issued by the university.
• Xerox/Photocopy of all the student’s certificates.
• Address proof of the student and parents (Aadhar Card, Ration Card, Voter Card, etc.).
• Income proof of the parents (they will be considered co-borrowers for the education loan).
• Copy of PAN Cards for both Parents and Student.

If the loan amount exceeds 4 lakhs, the bank will require collateral security equivalent to the loan amount. For facilitating education loans for university students.

Hey there!! No! It won't be difficult at all to secure a study loan for LPU. There are two bank branches right within the university: SBI, OBC, and several other banks that provide loans to students studying at LPU. There's a dedicated cell to assist you with the loan process, and it's clearly mentioned in the prospectus too. The university hosts different bank branches on campus:

• State Bank of India
• Punjab National Bank
• Oriental Bank of Commerce
• Karur Vysya Bank
• ICICI Bank

Here are some key factors banks consider when evaluating your student loan application:

• Amount to be borrowed vs Total cost of education
• Degree and University of choice
• Future employment opportunities
• Credit history of student and guarantor
• Collateral

To start the loan process, you first need a Loan letter from the university to apply at the bank. For more information: Student Loan Assistance Cell, Lovely Professional University