Is Education loan worth it?
I got ENC in the first counselling(91 percentile). As the fee for the entire course and stay is roughly 35 lakhs, is it worth to take a loan on it as I'm probably not getting a better college( except manipal because it's still the same situation). A little background, family income is 15 lakhs right now and no such savings for college, but I do have an asset available that I could sell (very hesitantly would not want to do it)to pay off the loan if I'm not able to pay it off myself( for any unforeseen circumstances). Obviously, it's not my first choice either. So the thing I want to know is whether the thapar tag, college life and placements are worth taking the risk, or should i consider a drop or tier 3 local college. Very unserious outlook here ik but something in my mind says that the exposure, experiences and even placements to some extent is worth it. Please share your opinion.