Anonymous

How To Write A Letter For Educational Loan Application?

3 Answers

Connor Sephton Profile
Connor Sephton answered
Sometimes, the cost of going to private school, college, university, or community college (or a vocational school) can be prohibitive. If you need help to afford the cost of a good education, you're not alone. Hundreds of thousands of students rely on loans from private financial institutions or government programs, and then they pay those loans off after they get their degrees (once they are earning money in the workforce). Writing a letter asking for funding should be very easy - in fact, you may only need to pick up a specific application form that is available to anyone applying for a student loan.

  • First steps

Contact the government (or your preferred bank) and inquire as to whether or not they have specific forms for students to fill out - then, ask if these forms are available for download (printable forms) on the Internet. If they do have forms, do whatever you need to do to get your hands on them, and then fill them out as carefully as you can; this is not the time to rush or give vague answers to questions. If you need a friend or parent to help you do things properly, ask for assistance.

Once you've filled out the form, read any fine print, and be certain you've included everything the bank or government agency needs to see. If they want transcripts, tax returns, proof of income, bank account numbers...see to it that everything is there for them. Then, get ready to send the letter. If you don't get an application and need to write a letter (or simply want to include a covering letter with your application), create a typical business letter.

  • Writing a letter

State your name and information about where you're planning to go to school and whether or not you have been accepted yet. Then, explain in detail why you need a loan, and how you plan to play the loan back after you graduate.

It's really very simple to write one of these letters, but be sure to sign your name to the bottom before you send it in.
Manish Kumar Profile
Manish Kumar answered

To,
  THE MANAGER,
    ABC bank,
    New York.

Respected Sir,

SUB : Request for sanctioning Educational Loan.

I had availed loan for my engineering course for the past two years(2008 and 2009) in your bank(AC NO:-LO12345).

Currently, I am doing my third year. I am having 4 arrears during the
first two years. I have written those four arrears along with my fourth
semester examination. I am convinced that I will clear all my arrears in
the examination. I wrote during the month of April 2010.

Do kindly grant me loan for my further education. Herewith, I enclose
the duplicate copies of my first,second,third semester mark sheet along
with my bonafide certificate.

Enclosure :
1.Mark sheet of previous semesters.
2.Bonafide certificate.
3.College letter.

Yours faithfully
(your name)

jeni smith Profile
jeni smith answered

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