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There are some state government schemes that gives education loan up to Rs 4 lakh at a mere one percent interest. Separately, the central government recently has approved an increase in the outlay for making educational loans interest-free for students with modest financial means. While such developments are...
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April 13, 2018 Loknath Das
Education Loans
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The government, on an average, was giving Rs 10,000 crore every year to all CFIs in higher education for infrastructure development (File Photo) Centrally funded institutions (CFIs) such as IITs, IIMs, NITs, and central universities will no longer receive budget grants for expanding and building new infrastructure. Instead,...
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February 10, 2018 Loknath Das
Education Loans
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NEW DELHI: The government has made it mandatory for banks to sanction education loans only though online process and asked them not to consider any application submitted in the physical form, so that the education loan disbursement process becomes transparent and more efficient. “The Department of Financial Services...
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February 10, 2018 Loknath Das
Education Loans
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The Department of Financial Services has now made mandatory for banks to sanction education loans only though online process via NSDL portal and asked them not to take any application in physical form. The decision has been taken to make education loan disbursement process transparent and more efficient....
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February 10, 2018 Loknath Das
Education Loans
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Paying for school can feel like a huge burden, especially as the cost of college continues to increase. Even public universities — typically a much cheaper option than private schools — saw a 7.2 percent price hike during the 2015-2016 school year. With a higher education costing more than...
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January 20, 2018 Loknath Das
Education Loans
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Four years after receiving his bachelor of technology degree in electronics and communication, B Jeyachandiran was forced to concede defeat. He had graduated in 2011 from the private Periyar Maniammai Institute of Science and Technology in Thanjavur, Tamil Nadu. He applied for engineering jobs but with no...
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January 11, 2018 Loknath Das
Education Loans
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