Express press service KOCHI: Banks in Kerala appear to be avoiding student loans – a major source of finance for students from low-income strata to pursue higher education in India and abroad – despite a drop in loan defaults. According to the latest statistics, the total number of students who received student loans decreased by […]
‘Total disbursed loan amount will exceed ₹150 cr. this academic year’ Concerted efforts of Madurai MP Su. Venkatesan and Madurai district administration along with bankers have resulted in the distribution of education loans worth ₹100 crore in Madurai district for the 2021-22 academic year. Speaking to reporters here on Tuesday, Mr Venkatesan said the attempt […]
Are you planning to join a top institute for a Masters in Business Administration? There are many things to consider such as the options and opportunities offered by the institute. But, cost is also a key factor. A typical two year program at an institute such as IIM Ahmedabad or IIM Bengaluru costs around Rs23 […]
Madurai In an effort to help more students in the district qualify for educational loans without any complexity, special educational loan awareness sessions were held over the past two weeks, for around 10,000 students who had completed 12th grade. standard this year. Collector S. Aneesh Sekhar and MP for Madurai Su. Venkatesan chaired a meeting […]
DMK to forgo agricultural loans and education, says MP Stalin Stalin also pledged to take steps to abolish the National Eligibility-cum-Entrance Test (NEET) for admissions to state medical schools. ETB Sivapriyan, DHNS, Chennai, Jan 13, 2021, 8:09 PM is updated: 17 Aug 2021, 12:36 is Tamil Nadu’s main opposition party, DMK, on ​​Wednesday pledged to […]
The social security system (SSS) disbursed more than 115.53 million pesos for education loans from January to June 2021, or 52.5% or 39.75 million pesos more than the outflows of the ‘last year. Over 6,500 requests for tuition financing assistance were received by the pension fund during the same period. “Flexible learning during the new […]
The social security system disbursed more than 115.53 million pesos for education loans from January to June 2021, which is 52.5% or 39.75 million pesos more than last year’s releases. . Over 6,500 requests for tuition financing assistance were received by the pension fund during the same period. The Educational Assistance Loan program was implemented […]
The social security system (SSS) disbursed more than 115.53 million pesos for education loans from January to June 2021, or 52.5% or 39.75 million pesos more than the releases of the ‘last year.Over 6,500 requests for tuition financing assistance were received by the pension fund during the same period. “Flexible learning during the new normal […]
The state pension fund, the Social Security System (SSS), said on Friday it had disbursed more than 115.53 million pesos on education loans in the first six months of 2021. The SSS said education loans disbursed in the first half of the year were 52.5 percent or 39.75 million pesos higher than last year during […]
The founder of PMK, noting reports of the decline in the number of banks providing student loans, said it would seriously affect students’ prospects for higher education. Following reports of a 39% drop in banks providing student loans to Tamil Nadu students, Pattali Makkal Katchi (PMK) founder S. Ramadoss on Tuesday urged central and state […]
Thiruvananthapuram: Kerala’s high court said on Thursday that banks cannot deny educational loans to students citing their parents’ debts and ordered a national bank to disburse the loan requested by a deserving student. While giving direction to the Bank of India in this regard, the Single Chamber of Judge PB Suresh Kumar observed that the […]
The Kerala High Court ruled on Thursday that banks cannot deny educational loans to students citing their parents’ debts and ordered a national bank (Indian Bank) to disburse the loan requested by a deserving student. While giving directions to the bank, the court observed that the very purpose of a student loan is to ensure […]
GyanDhan Partners With Great Learning And Various IAS Institutes To Provide Interest Free Loans GyanDhanaim plans to disburse 650cr in education loans during fiscal year 22. Of these Rs 650 cr, 50cr will be for short-term national courses offered by various actors and coaching institutes in ed technology. They have teamed up with companies such […]
SPRING FIELD – Legislation sponsored by State Senator Laura Ellman (D-Naperville) that would allow students to use 529 college savings accounts for other education-related purposes without additional taxation was passed by the General Assembly Thursday. “This law would allow education savings plans to be used in a number of ways to reflect the realities of […]
MANILA, Philippines – The chairman of the Government Service Insurance System (GSIS) revealed on Friday that the agency plans to offer educational loans to its members in the context of the coronavirus disease (COVID-19) pandemic. During the joint virtual hearing of the Senate finance and public affairs committees, GSIS chairman Rolando Macasaet said the plan […]
A total of 13,588 loans for engineering and medical courses worth 335.11 crore were dispersed from April to September last year, the data showed. Tamil Nadu banks disbursed 24,315 education loans worth 740.87 crore from April to September 2019, nearly 45 percent of which was for engineering and medical courses, state data shows Level Bankers […]
New Delhi: The latest data from the Center shows a large disparity in student loan disbursement between students from Scheduled Castes (ST), Scheduled Tribes (ST) and Other Backward Classes (OBC) – and those in the General Category. According to data collected by the Ministry of Human Resources Development (MHRD) between 2016-2017 and 2018-2019, and submitted […]
Representation image Highlights Student loans generally have more flexible repayment standards and moratorium period compared to personal loans, auto loans, gold loans, etc. Many people want to reduce the burden of equivalent monthly payments (EMI) after starting their employment New Delhi: Student loans are specially designed to meet the requirements of various students wishing to […]
GUNTUR: Bankers observed that providing interest subsidies to all educational loan borrowers would greatly benefit students and the education sector. Bankers believe that the risk weight on education loans should be reduced to “zeroâ€. The State Bank of India (SBI) has engaged in consultations with officials on the ground to finalize policy decisions. As part […]
Chennai: Public sector lenders are under a pile of bad debts, where non-collection adds to the complicated situation. Bad debts or non-performing assets in the education loan portfolio increased to 8.97% in 2018, from 7.29% in 2016, according to data compiled by the Association of Indian Banks. The public sector lender, Indian Overseas Bank (IOB), […]
Madras High Court on Monday ordered a nationalized bank in Tiruvarur district to produce all documents relating to RBI guidelines on granting educational loans, by July 23 after the bank refused to grant a loan to a student aspiring to become a nurse, on the grounds that she was a defaulter. He also noted that […]
MADURAI: The Madurai Bench of the Madras High Court warned banks against rejecting educational loans based on the claimant’s family credit report, saying such actions would result in contempt of court proceedings. Accepting Mr Hariharasudhan’s plea, the court asked the Bank of India to order all of its branches in TN to refrain from rejecting […]
Education is a basic need and a right of every individual. But for many people, getting an education is a costly business and that too from a reputable institute can create a hole in their pocket. In addition, the cost of education is increasing rapidly. For this reason, parents, who want to provide their children […]
If the loan amount is Rs 7.5 lakh, SBI only needs one parent / guardian as co-borrower. Strong points SBI offers loans for graduate studies in India and abroad Interest paid for a student loan qualifies for a tax deduction The repayment period for SBI student loans can be up to 15 years State Bank […]
CHENNAI: Obtaining and repaying student loans will become easier. The Center advised all banks to channel student loans through the Vidya Lakshmi (VLP) portal. Launched by Union Finance Minister Arun Jaitley in August 2015, it is a single, student-friendly portal for applying for educational loans to multiple banks.The directive to the banks follows harassment complaints […]
The provision of bank loans for educational purposes has been recognized as one of the priority sector lending activities by the RBI. Between 2013-14 and 2015-16, both public and private sector banks provided educational loans in the amount of Rs 25,736 crore to 21.79 lakh beneficiaries according to data shared by the government in the […]
Chennai: Educational loan lenders State Bank of India, Bank of Maharashtra, Axis Bank have cut interest on loans by about 0.25% in recent weeks, just in time for the new college season, bringing back rates at 2008 levels. New interest rates for loans range from 10.8% to 12.2% at public sector banks depending on the […]
: The State Bank of India (SBI) has identified its branch at One Town in the city to process education loans. The bank would soon announce a few more branches for the convenience of students, who were looking for bank loans to pursue higher education. Addressing a press conference here on Friday, SBI Regional Director […]
Kakinada: Student loans, which are more or less the lifeline for students to pursue higher education at home and abroad, are not only beyond the reach of the common man, but their numbers are also shrinking. in the district of East Godavari. Although banks disbursed educational loans worth Rs 48 crore to 620 students across […]
Bombay: Credila, the education loan arm of Housing Development Finance Corp. Ltd (HDFC), partnered with the Snapdeal shopping portal on Tuesday to provide education loans. The partnership will allow Credila to 100% fund eligible students using Snapdeal’s network. Students can apply for a loan through Snapdeal and Credila will arrange a home pickup service for […]
It is the first portal of its kind that offers students a one-stop-shop for accessing information and applying for educational loans provided by banks as well as government grants. Rupali pruthi Created on: Aug 21, 2015 3:00 PM ISTModified on: Aug 21, 2015 12:29 IST The Union government launched on August 15, 2015 a web […]
NEW DELHI: The government has launched a program to provide interest subsidies on study loans for study abroad to students belonging to minorities, including Muslims. Minority Affairs Minister Najma Heptulla also informed Lok Sabha that some scholarships awarded to students from minority communities are not comparable to scholarships awarded to SC and ST students and […]
CHENNAI: Banks cannot set 60% of marks as the minimum percentage required for granting a student loan, the Madras high court ruled. A division bench of Judge N Paul Vasanthakumar and Judge M Sathyanarayanan, assisting an engineering student who obtained management quota admission, said on Wednesday that it was incorrect from the bank of him […]
PALAKKAD: In a special gesture to 140 students from BPL families in Palakkad district, the government of Kerala today offered to pay interest on student loans they had taken out from various banks in 2004-09. Chief State Minister Oommen Chandy announced it during his mass contact program here. The government would pay interest amounting to […]