Burdens of Education Loans nowadays.!
It is known that the economic recession that started in the superpower America is a virtue, even famous companies are laying off their employees in a big way. The number of people losing their jobs is in lakhs. However, even though jobs are being lost, they say that there is no failure in paying the instalments of the education loan taken by them. Rating agency Crisil recently revealed this interesting fact.
It was found that the banks that provide education loans for studying abroad do not have the burden of bad debts. About 90 per cent of education loans are for students studying abroad. Non-performing assets in student non-banking financial institutions are less than 0.5 per cent, Crisil said. parents of students are also thought to be a factor in meeting the burden of education loans.
Despite the cuts in jobs, it is said that there has been no reduction in the collection of education loans, except that there has been no reduction. Most of the students who have completed a Master's in America are working in companies like Microsoft, Amazon, and Google.Even when thousands of jobs are lost in such places, they say that there is no problem in the matter of students who have to pay back.
Education loans are expected to increase this year as usual. At the end of the last financial year, the students who were awarded were Rs. 25 thousand crores. Out of that, it was found that those who went to study for a degree in America are more than half. In any case of recession,it must be said that paying the instalments of education loans taken without fail is a positive development.
It was found that the banks that provide education loans for studying abroad do not have the burden of bad debts. About 90 per cent of education loans are for students studying abroad. Non-performing assets in student non-banking financial institutions are less than 0.5 per cent, Crisil said. parents of students are also thought to be a factor in meeting the burden of education loans.
Despite the cuts in jobs, it is said that there has been no reduction in the collection of education loans, except that there has been no reduction. Most of the students who have completed a Master's in America are working in companies like Microsoft, Amazon, and Google.Even when thousands of jobs are lost in such places, they say that there is no problem in the matter of students who have to pay back.
Education loans are expected to increase this year as usual. At the end of the last financial year, the students who were awarded were Rs. 25 thousand crores. Out of that, it was found that those who went to study for a degree in America are more than half. In any case of recession,it must be said that paying the instalments of education loans taken without fail is a positive development.