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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