Tips for Education Loans

Two points mentioned in a mail by one of my friends.

1. Availing more than one education loan for the same course is not allowed. This means it is not possible to take two loans of 7.5 lakhs from two different banks.
2. A financial adviser strongly recommends that I should take the loan at the fixed rate instead of floating (though there is a difference of 1.5% currently in favor of floating rate), since our repayment period will definitely exceed 3 years, so in the long run fixed interest rate works out better as the floating rate is increasing continuously.
   

Thanks N for this