Education Loan Essay
Title: EDUCATION LOAN: BENEFITS AND PROBLESMS FACED BY THE CUSTOMERS
INTRODUCTION: EDUCATION LOAN A loan offered to a student which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbook. Many of these loans are offered to students at a lower interest rate. In general, students are not required to pay back these loans until the end of a grace period, which usually begins after they have completed their education.
REVIEW OF LITERATURE:
• M.Prakash and G.Vaishnavee (2004):- concluded in their study bank can revised their fixed rate loans higher, this is a risk management exercise to safeguard their asset, liability management. But a firming up to lending rates
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S. Puttaswamaiah (December 2010): - The study revealed that educational loan by public sector banks in India is increasing over the years, showing the increasing demand for loans of higher education. But, across the priority of lending by public sector banks, education constitutes a small share of 3.7 percent of the total priority sector lending in the year 2009. This indicates that banks can increase their share of lending for higher education.
• R.Lavanya and Dr.S.Ramachandran (2012):- The banking industry in India has a huge canvas of history, which covers the traditional banking practices from the time of Bristishers to the reforms period. Therefore, Banking in India has been through a long journey. This research paper uses probit model for statistical analysis. However, there does not seem to be any discrimination between students with or without prior work experience, for getting education loan. The study further reveals the reluctance of private sector banks in extending
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The purpose of this article is to describe this innovative curriculum and how it was developed.
• Gurgand, M., Lorenceau, A. J., & Mélonio, T. (2011). Student loans: Liquidity constraint and higher education in South Africa. Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of potential South African students, depending on whether or not they get a loan to cover their university fees, in a context where such fees are high. We use matched individual data from a credit institution (Eduloan) and from the Department of Education. Using a regression-discontinuity design based on the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit constraint is substantial, as it reduces the enrollment rate into higher education by more than 20 percentage points in a population of student loan
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