EDUCATION LOANS

Education Loans

     

abstract

                        Most students and parents today realize how expensive an education is. Whether you hope to study at a private high school, a college, university, or an overseas school, tuition costs plus the costs of books and living can quickly add up. If you are worrying about the cost of school, you should not feel that money has to decide your education. 

            If you want to study abroad in India, it is possible to obtain education loans. While getting these loans was difficult in the past, it has now become easier than ever before. A large number of national banks in India have created education loans. The terms of these loans will vary with each institution, so it is important to do your research before using them.

      

Overview of Project:-

                         Loans designed to help students pursue an education recognize that students should spend their school time studying, not working to repay a loan. For this reason, many loans created for students allow students to pay back their debts very gradually.

 There are various kinds of courses which are eligible for different kinds of Bank student loans.

• Loans are available for various graduation, post graduation, computer education and diploma courses offered by recognized universities or government statutory bodies in India.
• Education loan is also provided for technical and professional courses, regular diploma and degree courses as well as courses conducted by reputed foreign universities in India.
• In case of studies abroad, the institutes offering the courses should be approved by the competent authority of the nation.

The loan amounts that are offered to students may vary. If the student will stay in India to complete their studies, they could get up to Rs. 3 lakhs. If the student is studying abroad, they may receive a loan which could be as high as Rs. 5.00 lakhs. The interest rates for these loans will range from 12 to 14%. Rebates may sometimes be offered depending on the circumstances.

INTRODUCTION:

                                      Education is central to the Human Resources Development and empowerment in any country. National and State level policies are framed to ensure that this basic need of the population is met through appropriate public and private sector initiatives.

                                    While government endeavors to provide primary education to all on a universal basis, higher education is progressively moving into the domain of private sector. With a gradual reduction in government subsidies higher education is getting more and more costly and hence the need for institutional funding in this area.

                                    The scope of education has widened both in India and abroad covering new courses in diversified areas. Development of human capital is a national priority and it should be the endeavor of all that no deserving student is denied opportunity to pursue higher education for want of financial support.

                                     Loans for education should be seen as an investment for economic development and prosperity. Knowledge and information would be the driving force for economic growth in the coming years.

                                                            SYSTEM ANALYSIS:

Existing System

                                    Existing system is a manual one in which users are maintaining books to store the information like product details, Distributors details, purchases, sales details and accounts for every month. It is very difficult to maintain historical data.                 

           

            DISADVANTAGES:

                        The following are the disadvantages of the existing system

·             It is difficult to maintain important information in books.

·            More manual hours need to generate required reports.

·            It is tedious to manage historical data which needs much space to keep all the

Stock Details,  Order Details under time to time process.

Proposed System

            The WAREHOUSE MANAGEMENT TOOL is a software application which avoids more manual hours that need to spend in record keeping and generating reports.

            This application keeps the data in a centralized way which is available to all the users simultaneously. It is very easy to manage historical data in database. No specific training is required for the distributors to use this application.

            They can easily use the tool that decreases manual hours spending for normal things and hence increases the performance. It is very easy to record the information of online sales and purchases in the databases.

Objective of the System

                        The objective of the Warehouse Management Tool is to provide better information for the users of this system for better results for their maintenance in the product details that is sales, purchases and stock.

                                                 System Specifications

Hardware Requirements:-

·         Pentium-IV (Processor).

·         256 MB Ram

·         512 KB Cache Memory

·         Hard disk 20 GB

·         Microsoft Compatible 101 or more Key Board

Software Requirements: -

·                  Operating System :           Windows xp

·                  Programming  language:   .NET

·                  Web-Technology:               ASP.NET 2.0

·                  Front-End:                          C#

·                  Back-End:                           SQLSERVER

·                  Web Server:                         IIS