Edumarg took bud in (year of inception) and established itself as a credible organization. We facilitate students in availing of the education loans for their higher education. Our goal is to ensure that no student is barred from pursuing his/her dream career due to the lack of funds. Edumarg has partnered with over 1000+ schools, coaching, and other educational institutions to making scholarships easily accessible to the students.
Government ministries, such as the Ministry of Finance, and Ministry of Education, and state governments provide many schemes for the deprived students. We act as a bridge to connect these loan and scholarship schemes with the students willing to pursue their higher education.
We not only make students aware of these schemes but also ease the procedure by offering them a comprehensive and easy-to-access online platform. Our platform enables the students to view, apply and check the progress of their education loan. Above all, they can access this platform anytime, anywhere, and that too on their preferred devices.
Also, there are hundreds of scholarship opportunities for the students that offer bountiful funds to the students. There are certain parameters that make a student eligible for the scholarship. It can be based on academic performance, social status, financial status, caste, domicile, and religion. Our online platform offers a user-friendly interface that helps the students browse through these scholarships on the basis of several criteria, such as state, category, class, and more.
Edumarg Online Platform: An Overview
Edumarg’s online platform enables students to navigate through a wide range of loans and scholarship options. Once they sign-up, it unleashed a seamless range of the finical help for them. Logging into the site enables you to see through all the scholarship options available or narrow your search by applying several filters such as State, Category, Government, Popular, Present Class, and more.
How Does Edumarg’s Online Platform Work?
We aim to make the loan/scholarship application procedure easy for the students. At Edumarg, it is as simple as 1, 2, and 3.
1: Register with Us
- In the first place, you need to sign up using Facebook/Gmail (other email ID)/mobile number.
- Verify the provided email ID or mobile number to proceed further.
- Finally, complete your profile by providing your personal information in the relevant boxes.
- Furthermore, downloading the Edumarg application on your device can help you to be informed
2: Stay Informed
- Now that you have completed your profile with us, we will keep you informed about the loan schemes, scholarships that align perfectly with your criteria.
- You can get these updates on your provided email address or mobile number via email, SMS, or WhatsApp message.
- Keeping your profile up-to-date helps us reach you out with ease and offer the best schemes.
3: Apply With Us
- After narrowing down your search, when you finally have the best scheme, you can apply with us on our online platform/application.
- Upload all the required documents ensuring that all the important details are visible.
- Regularly check your email/mobile number if you have received any notification from us.
- Answer the questions in the telephonic interview, and once you are selected as a scholar, we will notify you about the same.
- Besides, you can get the status of your application on our website.
- To get the scholarship fund transferred directly to your bank account, upload your attested documents and bank information.
Benefits for the Students
Getting a loan can be an intimidating term for most students and parents. But, we want it to be a cakewalk for the students. We want the students to get the loan done without breaking a sweat.
Easy Tracking and Approval
Once you apply for the loan, you can keep up with your application and get instant approval without fighting foot and nail.
- Online Application
You can submit your application on our website of the mobile app. The easy-to-navigate online platform will enable you to get the job done without leaving your couch.
- Easy Repayments
The loans with minimal interest rates can be sanctioned with flexible repayment EMIs and Tenure.
Education Loan, Scholarship & Grants: How Do They Differ?
Where the drop-out rate after the 12th has pegged to an alarming level in the country, education loans, scholarships, and several grants are revitalizing the education sector. All of these aids help students in one way or the other. However, it can be perplexing sometimes for the students to differentiate properly among these terms. Fret not! Edumarg is a name to rely upon. Learn these terms before you proceed any further with your loan/scholarship application:
1: Scholarships
Scholarships are meant to provide financial aid to students who may not afford their higher education due to financial constraints. It is a reward for those students who outperformance in their examinations showing their academic excellence. Apart from the academic performance, there are a few more criteria, such as domicile, religion, and financial status, based on which the scholarship can be provided to the students.
Scholarships are great financial support for the student as it is debt-free. Edumarg is partnered extensively with private and government initiatives to make the most suitable scholarship plans accessible. There are multi-faceted benefits of scholarships for the students as stated below:
Advantages
- Open The Gate For The Higher Education
There is a dire need for equal educational opportunities for the students in the country. Scholarships are filling this gap to a certain extent by helping students get an education. Deprived students also hold equal opportunities to get themselves enrolled in their preferred courses without needing to deposit funds to the institutions.
- Acts As A Catalyst In The Career Advancement
The students barred from the higher-education opportunities get revived by these scholarship programs. They can get to complete their higher education from renowned institutions and open greater career opportunities for them. It ensures the all-round development of the students, including personal and professional growth.
Limitations
Scholarships undoubtedly bring a smile to the face of the students and their parents. However, it comes with certain limitations. The slot for getting a scholarship is limited; therefore, not all students can get this financial aid. It is why; sometimes the most deserving students miss this opportunity. Besides, it is very demanding, and students need to battle a serious competition to get it. Besides, it needs consistent results every year if you want its renewal. Furthermore, the scope of the utilization of the scholarship fund is very limited. You may not use it for other purposes but paying your academic fees.
2: Education Loans
Education loan is one of the most popular ways for students to fund their higher education. Edumarg is simplifying the complexities of loan applications for the students, ensuring that the right aid can be achieved by the students at the right time. It is offering a handy online platform to the students to avail of the loans without running around the banks and that too at a minimal rate of interest.
Educational loans offer many benefits to the students, such as lucrative interest rates, ease of application, tax benefits, and flexible payment options. In extreme scenarios, the entire loan education gets waived off by the state governments. It can revitalize the students who have left all the hopes to pursue their further studies due to financial hindrances. With advanced studies, they can get the desired growth and success in their personal and professional life.
Advantages
- Offer Financial Support to Education
Education loans offer multi-pronged financial benefits to the students and their parents. First of all, it prevents them from liquidating their investments in mutual funds, fixed deposits, or bonds. Besides, students can avail themselves of the loans at minimal rates. Besides, it is rebatable under Section 80 E of the Income Tax Act 1961.
- Covers a Wide Range of the Expenses
Education loans can be utilized for a wider range of expenses. It can cover your study material, laptop, stationery items, and much more. Therefore, the cost of these essentials won’t put an extra burden on you.
- Flexible Repayment after Completion of the Course
Education loans impose a minimal rate of interest on the loans. Moreover, EMI repayment starts after the compilation of the course to ensure a hassle-free experience. With easy repayment options, you can manage your financial planning alongside.
Limitations
Despite its several benefits, you always need to remember that it is a loan that needs to be paid sooner or later. Besides, it also narrows your scope to pursue further study and start a job to start paying the EMIs. Still, it is a boon for the students who can’t even afford their UG degrees.
3: Grants
Grant is often confused with the scholarship, and people use the two terms interchangeably. However, the grant is used in a broader perspective and depicts any sort of financial support offered to the students. When it comes to the educational grant, all the funds intended to help students pursuing their education aspirations can be termed as an educational grant. The key difference between grants and scholarships is their ease of accessibility. Availing of the grants can have unbending criteria for the students.
Edumarg is collaborated with several NGOs, private and government agencies to attract financial aid for the sake of the student’s higher education. It is empowering students along with the education industry by making deliberate attempts in this way.
Advantages
- Financial Rewards That Doesn’t Need To Be Repaid
Grants can be good financial rewards that can help students following their career dreaming without needing them to pay the amount later.
- Has A Wider Range Of The Utilization
The use of the grant fund is not limited to academic purposes, but you can also use it for several purposes, such as traveling, stay, and much more. Therefore, it can alleviate your burden from the other non-paid items.
Limitations
Availing of the grants can be a demanding task for which you will have to supersede the other students who are also in the queue. The slots for the grants are limited, and therefore, you have to put your best in order to achieve it and renew it for the later years.
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