An empirical analysis of student’s experience with educational loan services offered by banks

Abstract

The government of India is committed to furnishing primary education to all the Higher Education is nowadays becoming the domain the of private sector. As the Government of India gradually reduced government subsidies for higher education which made it costly to pursue. Developing Human Capital is any nation’s priority and thus any deserving student should get an opportunity to pursue higher education Loan for Education need to be considered as an investment for economic development. On 13th June 2000, the Hon’ble Finance Minister while in the meeting with Chief Executives of Public Sector Banks promoted the need for a Comprehensive Educational Loan Scheme which should be adopted by all banks. The Educational Loan Scheme outlined by Reserve the Bank of India whose objective is to furnish Financial Support to deserving and meritorious to pursue their Higher Education in India or abroad by the Banking Systems with affordable Terms and Conditions. In this background, the proposed research paper tries to analyze the trends and patterns of educational loans taken by students. Paper The also finds the correlation between Student’s Family Background/Income, Type of University, Student’s Experience with Loan processing and Disbursement and Services offered by Banks while Loan applications.