Auxilo Finserve to disburse RS 350 crore education loans

HYDERABAD: Auxilo Finserve, a non-banking financial company that focuses on educational loans, plans to disburse RS 350 crore over the next two years. The NBFC, backed by Balrampur Chini Mills and investor Akash Bhansali, is aiming to chart a growth path in the educational loan segment where traditional banks lag. “Education loans of about Rs 20,000 crore were disbursed in India in FY17 registering a 17 per cent year-on-year growth. Nearly three lakh students availed education loans to study in India and four lakh students to study abroad. We aim…

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After Farm Loan Waivers, Will Education Loan Waivers Spoil Us? Not If We Mend Our Ways

A serpentine queue of students heading to the enquiry encounter to check on various courses offered and eligibility criteria. (Manoj Patil/Hindustan Times via Getty Images) Snapshot In India, the debt numbers are getting bigger and bigger. In some years, we will have a major problem on our hands if we fail to address it today.India risks moving towards an era of education loan waivers. Given how farm loan waivers have worked out for farmers, course correction is crucial. Student debt in the United States (US) has reached gigantic levels, so…

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Should you prepay your education loan?

A wide variety of education loans have given wings to the dreams of students with aspirations for higher study. An education loan is the most cost-effective means to fund education. A wide spectrum of committed services and products of banks and NBFCs have enabled several deserving students across the nation to fulfil their dreams of higher education. Currently, education loans are easily available with the base criteria being an individual’s past academic performance, course and college opted, entrance exam score, co-applicants, CIBIL score, etc. Here are a few important aspects…

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Higher Education Bill Could Heat Up Competition for Adult Students

Jennifer Clay, a student at online school Western Governors University, takes a business course test under the view of a video camera at her apartment in Los Angeles. PHOTO: KATIE FALKENBERG/LA TIMES/GETTY IMAGES The Republican bid to overhaul higher education is likely to heat up competition in the fastest-growing segment of the college market: adults over the age of 24. When Congress passed the Higher Education Act in 1965, about one in four students were adults. Today, nearly 40% of college students are 25 or older. The bill proposed by Republicans earlier this month aims to better align…

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Church’s power in education system highlighted once again

The Department of Education intends to scrap provisions that allows the Catholic church to bypass employment laws The Department of Education intends to scrap provisions that allow the Catholic church to bypass employment laws and appoint nuns and priests of their choosing to State jobs in schools in Ireland. This is an extraordinary derogation. It is highly unlikely that any other group in Irish society has been granted such power to bypass employment and equality legislation when it comes to making important appointments. But the fact that these appointments are for public sector jobs, with…

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Gender Equality in the Education Sector – June 2017

A key element in Swedish development cooperation is ensuring that children living in poverty and in other vulnerable situations, particularly girls, complete quality education without discrimination.1 Gender equality in education strengthens quality, provides an appropriate learning environment for both girls and boys, and ensures that students leaving secondary school have an awareness of gender equality. This is in line with the global commitment to “leaving no one behind” as set out in the Sustainable Development Goals (SDGs). The SDGs strongly encourage countries to focus on both achieving inclusive and quality…

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How education took me from a village in Tanzania to Switzerland

As a small child, growing up in a low-income family in Tanzania, my parents implanted in me the belief that education was most important. I’ve never forgotten that lesson, and it has guided me through life. This quest for education has also taken me halfway around the globe, from Tanzania to India, to Japan and now to Switzerland. Just a couple of weeks ago, I started my PhD at the University of Basel. Let me tell you my story. point of view point of view My name is Ashery Mbilinyi,…

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Millennials And Their Kids: Why They’re Choosing DIY Education

For millennials the conversation around raising kids is not too far off in the distant future. For many that reality is already here with over 50% already becoming parents. Unlike our parents’ generation where the procedure was get married, buy a house, and then have kids, millennials are doing things a little bit differently. Take it from Jared Angaza who became the guardian of a 10-year-old Rwandan boy at the age of 27. He’d been studying in Africa for most of his life, and when he noticed a young boy selling peanuts outside of his office,…

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How to fix accountability in school education

For some time now, accountability has become the buzzword in school education. Everyone seems to have suggestions about “fixing” education by holding teachers accountable for student test scores. But we should ask ourselves whether test scores are the only way to assess how well education systems are performing; whether teachers are the only ones to blame for low-performing systems; and whether ‘blame’ itself is the right approach at all. UNESCO’s new Global Education Monitoring Report 2017/18 is a comprehensive and nuanced look at the role of accountability in global education systems in…

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NGO Pratham raises 4 million USD to encourage Child Education in India

One of India’s largest non-governmental education organisations, Pratham, has raised more than USD 4 million for providing quality education to underprivileged children in the country. India’s largest NGO raises 4 million USD to encourage Child Education One of India’s largest non-governmental education organisations, Pratham, has raised more than USD 4 million for providing quality education to underprivileged children in the country. Pratham is an innovative learning organisation created to improve the quality of education in India. Here’s what Mangala Mehar, one of the beneficiaries of the organisation’s educational programmes, said:…

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