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Job crunch driving defaults in education loans

Image used for representational purpose only. NEW DELHI: Ramesh Singh borrowed more than Rs 7 lakh as an education loan to study in a private engineering college in the NCR area. However, he could not get a job during the campus placement, and even after more than a...
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Student loans: use of RPI costs graduates up to £16,000

Graduates with student loans in England are saddled with up to £16,000 more debt because of the government’s use of an unreliable inflation measure to set interest rates, according to research from the House of Commons library. The analysis, provided to Labour’s shadow Treasury team, shows that the...
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What you need to know before taking an education loan

Thinkstock Adityendra Suman, 29, a Mumbai-based senior consultant at Dalberg, global development advisors, graduated from the Indian School of Business (ISB), Hyderabad, in 2016. He had taken a Rs23 lakh education loan from the Union Bank of India at 8.5% interest rate for a 15-year tenure, while the...
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