The cost of education is rising steadily and at an increasing pace. Many students who wish to study in a top B-School/Medical/Engineering College in India or abroad are unable to do so due to financial constraints. An education loan helps bridge the gap between the money required and money available. Education loan acts as a good friend taking care of your career goals. However, once you have completed your course and started earning, it makes sense to take a personal loan to help pay off your education loan. Here are some reasons why: