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How to repay your education loan with limited income
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The rate of inflation in the education sector is higher than many other sectors. As a result, the price rise makes higher education out of reach for many meritorious students, forcing them to opt for education loans to finance their higher studies.
Unless proper financial planning and investments are done well in advance, education loans almost become indispensable for studying abroad.
The Covid-19 pandemic, however, hit the job market hard last year, making it difficult for the students to get proper placement to repay the education loan on time.
“Last fiscal, nearly 10 per cent of educational loans extended by PSUs were categorised as bad loans. The rising cost of education is crippling many dreams. In India, education inflation stands at
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