Should you take an education loan in the student's name or the parent's name?
Deciding whether to take out an education loan under a student's name or a parent's name depends on specific bank policies, household income, and the student's future career potential. Having the student as the primary borrower helps them establish a credit history and learn financial responsibility. Alternatively, if parents prefer to pay off the debt quickly or want to ensure their child enters the workforce without significant financial burdens, they may opt to be co-borrowers.
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