Education forms an integral cog in the cycle of life. However, in today’s world, quality education right from the primary level to higher studies is a costly proposition. To solve this burden of student and their families, banking institutions have taken a crucial step by lending education loans that will help the students in this noble pursuit of pursuing higher studies from recognized educational institutions within the country or abroad. Quality education is of prime importance to any individual, and students go the extra mile to achieve that. However, the cost of education is on the rise lately and opting for an education loan seems to be the single best solution. An education loan is a loan that students apply to meet the financial requirements to complete their course. Many banks and NBFCs in India offer education loans at competitive rates to help educate the upcoming innovators and leaders. The basic motive behind the concept of education loan was to help the aspirants economically and not let them murder their dreams due to some economic constraint. Added to this, such loans have only helped many of the students in going overseas without worrying about any financial limitations.Let us look  and get the detailed idea of the banks and the other institutions who offers financial aid to students so they can complete their course.