Home » Archive by categoryEducation Loans (Page 3)

RBI looking into improving quality of education loans: Rajan

Bengaluru: Reserve Bank Governor Raghuram Rajan Friday said the central bank was looking into improving the quality of education loans despite high levels of defaults. Rajan, who delivered the Sri Vithal N Chandavarkar Memorial Lecture at the Indian Institute of Science campus here, responding to a question on...
Continue reading

142 per cent rise in bad education loans in 3 years

Indian banks have seen a 142 per cent rise in default by students who have taken education loans during the past few years, at a time when hiring for new jobs has slowed down and tech companies have started laying off employees. State-owned banks, which are already weighed...
Continue reading

Rates going up on federal student loans beginning July 1

On average, undergraduates took out $4,060 in unsubsidized federal Stafford loans in 2015-16, according to Mark Kantrowitz, publisher and vice president of strategy for Cappex.com. The average annual amount was $3,727 for undergraduate subsidized federal Stafford loans. The July 1 rate hike does not apply to private student loans Typically, federal...
Continue reading