How to Change Your College After Applying for BSCC Loan?

How to Change Your College After Applying for BSCC Loan: The Bihar Student Credit Card (BSCC) loan provides financial assistance to those students who are looking to do higher education in Bihar. There are more than 100 government and private list of top colleges under the BSCC scheme offering technical courses, engineering courses, medical courses, management courses and others in UG/ PG/ Diploma levels. Before applying in your desired college, you must thoroughly check the complete list and do your own research about these colleges. However, sometimes situations may arise where you may consider or want to change your current college after applying for the Bihar Student Credit Card Loan. You may have found a better college with even better infrastructure, faculty, higher placement packages more promising internship opportunities, affordable fees, and so on. In such cases, you may wonder ‘Can I transfer my BSCC loan to another college?’ and ‘How to update BSCC application for a new college’. In this article, we have explained the BSCC loan college change process so you know how the loan works and how you can transfer your loan to a new college if necessary.

Also Check - List of Government Colleges Accepting BSCC Loan

Can I Transfer My BSCC Loan to Another College?

Yes, you can transfer your BSCC loan to another college but here are some processes that you need to know and some requirements that you must be aware of before transferring the BSCC loan to another college. The BSCC loan scheme allows you to switch your institutions however you must ensure that your new college fulfills the criteria to be eligible to apply for the loan. Here is the essential information you need to know:

Eligibility of New College

If you are looking to transfer your BSCC loan to the new college it is required that your new college must be eligible for BSCC loans. If the college that is come under the list of BSCC loan eligibility then you can transfer your loan to your new college.

Government Guidelines

According to the BSCC loan scheme's guidelines your new college should be listed under the approved list published by the government. If your college is not one of the eligible institutions you will not be eligible to transfer the loan to that college.

Documentation and Communication

You will need to submit all the documents required for Bihar Student Credit Card according to the new college and BSCC guidelines. For that it is necessary to have formal communication with both the current and new institutions as well as the banks that process the loans.

Loan Transfer Process

If you need to transfer your BSCC loan to the new college you need to properly complete the documentation explained earlier and complete an official update on the BSCC portal according to your loan transfer process. When the loan transfer process has been completed you will get a confirmation letter or confirmation from the college that you have transferred the loan successfully.

Loan Status

Once your loan transfer process starts, check the Bihar Student Credit Card status to determine if it was approved or disbursed as it plays a crucial role in the process of loan transfer. But if it is disbursed, the process could be more complicated and will require additional paperwork. 

Also Check - How to Apply for Student Credit Card in Bihar

Step-by-Step BSCC Loan College Change Process

The process of changing your college after you have applied for a BSCC loan is simple and straightforward. Explained below is the step-by-step process to ensure your loan remains intact and your financial assistance continues without disruption:

1. Confirm Admission to the New College

The first step in your BSCC loan college change process is to make sure you have been admitted to your new college. It is necessary to have an official confirmation letter or other evidence to prove your enrollment.

2. Contact BSCC Loan Authority

Once your admission has been completed or you get an admission letter then you need to reach out to the BSCC loan officers. You can check it from the official website or the specified BSCC loan office within your local area.

3. Submit the Required Documents

You will be asked to provide these documents:

• Letter of admission or evidence that you are enrolled in the new college

• A copy of your last BSCC credit application.

• Updated college fee structure

• Bank details (if required)

Other documents that could be needed according to the guidelines outlined in the BSCC office.

4. Review and Approval by BSCC Authorities

After submitting your required documents and other information the BSCC authorities will look over your application and the new college information. When your records are checked and approved, they will approve the transfer. The approval process could take a few weeks depending on the workload of government officials.

5. Loan Amount Adjustment (If Necessary)

In certain situations, the loan amount might require adjustment. Suppose your college's fee structure is different from that of the previous college so you may need to take more or less of your loan. You must make sure to verify these details in the BSCC office so that there are no discrepancies.

6. Complete the Formalities

After your loan has been approved you must then complete all other formalities such as the signing of a revised loan agreement or submitting any other documents. Once this is done then the loan will be transferred and you will be able to carry on your studies in peace.

Also Check - Bihar Student Credit Card Course List

How to Update BSCC Application for a New College?

Updating your BSCC loan application to a new college is an essential step in the process of transferring. Here is how you complete the BSCC loan college change process:

1. Log In to the BSCC Portal

First you go to the Bihar Student Credit Card portal and sign into your account using the login password.

2. Navigate to the Application Update Section

Once you log in to the official portal for the BSCC loan application then you will go to the section where you find to update your application details. This can be identified as "Application Update" or "College Transfer" in the portal.

3. Enter New College Details

In this section, you will need to enter the contact information of your new college. This includes:

• Name of the College

• Code of Conduct for colleges

• Contact details and address

• Course details (degree, specialization, etc.)

4. Upload Required Documents

In order to update your new information for the new college you will be required to add the following documents below:

• Admissions letter from the new college

• A proof of your previous college information

• Other documents are needed as requested

5. Submit the Updated Application

After completing the required information and uploading the necessary documents then you will complete the online application. You will receive a confirmation email on the portal with regard to your submission.

6. Follow Up

It is essential to follow up on your application. You can track the process of your application by using the portal or by calling directly at the BSCC headquarters directly. If there is any problem you have to address it with the authorities and they will notify you and you may take corrective actions.

Also Check - Bihar Student Credit Card Eligibility

What Happens If I Change My College After BSCC Approval?

BSCC loan college change process after approval could lead to different outcomes based on when you make the changes and the status of the loan. Explained below is the process of how it could go depending on the scenario:

Loan Transfer Approval

If you have followed the correct process mentioned above then you will be eligible for your new college to receive the BSCC loan after which the authorities will allow you to transfer your loan into the new college.

Potential Loan Adjustment

In some cases, the amount you borrow could be different if the new college's tuition fees different from your previous college. Suppose the fees of the new college are higher than those of your previous college then you need to mention an increase in the amount to the BSCC portal while updating the information. But if the new fees are lower your loan amount might be decreased.

Delay in Loan Disbursement

During BSCC loan college change process, it may take more time to transfer your loan approval which can delay the distribution of the funds. This is due to updating the new loan amount ensuring that the new college complies with all of your qualifications and processing your documents. So, you must be aware of any delays that could occur. 

Impact on Scholarship or Financial Assistance

If you are receiving any scholarship or additional financial assistance at your previous college, it is essential to inquire from BSCC-authorized officials. This financial assistance will help you to continue after the change of college. In this case additional verification could be required by both the college and the BSCC office.

No Impact on Existing Loan

If everything is in order then your existing loans should not be negatively impacted. This BSCC program is designed to be flexible and provide you with the financial support you need throughout your studies. Changing colleges will not cancel your loan approval so it is possible as long as the new college is approved.

More Helpful Links

If you have further queries regarding courses/ college admission, you can write to hello@collegedekho.com or call our toll free number 18005729877, or simply fill out our Common Application Form on the website.