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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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Six engineering institutes in India are being loaned over Rs 2,066 crores for research and infrastructure projects by a finance company established by the Union government for this purpose. These include the Indian Institute of Technology Bombay (in Mumbai), Madras (Chennai), Kharagpur (in West Bengal), Kanpur (Uttar Pradesh) and Delhi,...
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December 11, 2017 Loknath Das
Education Loans
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No exemption possible, Finance Ministry tells DMK MP The government has clarified that education loan defaults cannot be kept out of the ambit of credit rating bureaus such as the Credit Information Bureau of India (CIBIL). The government’s response was in reply to a question posed by DMK...
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November 6, 2017 Loknath Das
Education Loans
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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...
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August 10, 2017 Loknath Das
Education Loans
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There are many reasons why the interest rate on education loans is so high as compared to a car or property loan. But, don’t worry, there are some privileges through which you can save a part of your hard earned money. But, before that, here are some calculations...
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August 4, 2017 Loknath Das
Education Loans
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