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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...
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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...
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Sundaram Finance backs online education loans marketplace GyanDhan

GyanDhan, an online marketplace for education loans operated by Delhi-based Senbonzakura Consultancy Pvt. Ltd, has secured an undisclosed amount from Sundaram Finance Holdings, a subsidiary of Chennai-based Sundaram Finance Ltd, it said in a statement. GyanDhan, which was founded by IIT Kanpur alumnus Ankit Mehra and IIT Delhi...
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Sundaram Finance backs online education loans marketplace GyanDhan

GyanDhan, an online marketplace for education loans operated by Delhi-based Senbonzakura Consultancy Pvt. Ltd, has secured an undisclosed amount from Sundaram Finance Holdings, a subsidiary of Chennai-based Sundaram Finance Ltd, it said in a statement. GyanDhan, which was founded by IIT Kanpur alumnus Ankit Mehra and IIT Delhi...
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