The burden of education loan

The burden of education loan

With the cost of education rising, more students seem to prefer education loans. But, many are finding themselves without jobs, even after paying for expensive education. According to recent reports, the total education loan dues in the banking system had risen from Rs 48,382 crore to Rs 72,336 crore, a rise of 49.5 per cent, between March 2013 and December 2016. In comparison, non-performing assets in this segment was up 142 per cent, from Rs 2,615 crore to Rs 6,336 crore in the same period. Clearly, more and more students…

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142 per cent rise in bad education loans in 3 years

142 per cent rise in bad education loans in 3 years

Indian banks have seen a 142 per cent rise in default by students who have taken education loans during the past few years, at a time when hiring for new jobs has slowed down and tech companies have started laying off employees. State-owned banks, which are already weighed down by huge defaults by corporates, are the worst hit as they account for over 90 per cent of educational loans. Private banks have largely stayed away from this segment. In the education segment, the total non-performing assets (NPAs), or loans on…

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Online Courses Will Eventually Replace Traditional Education

Online Courses Will Eventually Replace Traditional Education

The internet has changed the way humans do — well, almost everything. For instance, instead of physically giving five bucks to a friend for buying coffee, one can Venmo them. Social circles are connected through Instagram, Snapchat, Facebook and so on. Even grocery shopping can be done online thanks to Amazon. So why wouldn’t education follow this trend of improving the way in which humans live and interact? Change can already be seen in higher education with massive open online courses (MOOCs). There are criticisms associated with online learning models and how…

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Hernandez: Career and Technical Education Is Valuable for All Students — Not Just the Ones Who Bypass College

Hernandez: Career and Technical Education Is Valuable for All Students — Not Just the Ones Who Bypass College

If life were a game of Chutes and Ladders, career and technical education has historically been a chute, an off-ramp for students who, for a variety reasons, were not succeeding in “traditional” education. But students across the academic spectrum — even bachelor’s degree holders — are battling to find their footing in today’s economy. Our schools and colleges are good at sorting students, but few economically empower them. Career preparation is good for all kids, not just “those” kids. And if we want to build ladders to better opportunities, career…

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MoU signed to offer education loans sans any guarantee

MoU signed to offer education loans sans any guarantee

Director NITHM S. Chinnam Reddy   | Photo Credit: BY ARRANGEMENT   National Institute of Tourism & Hospitality Management (NITHM) entered into a Memorandum of Understanding (MoU) with the Indian Overseas Bank, Gachibowli Branch to facilitate education loans to the students without any guarantee or collateral security. Bank Chief Regional Manager Shivkumar Chaturvedi and Director NITHM S. Chinnam Reddy and other officials were present during the signing on Thursday. Two new education loan schemes — Vidhya Surakhas and Vidhya Jyothi introduced by Government of India are to help students studying…

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7 Things To Keep In Mind While Financing Your Education

7 Things To Keep In Mind While Financing Your Education

If you’re an aspiring graduate, or an experienced professional enrolling into a professional MBA program or higher studies, chances are you might need to fund your university education. It also might be one of the biggest financial decisions you make that will impact your earnings potential and financial goals in the long-term. While securing educational loans has become pretty commonplace with all major financial institutions following standard practices in granting these loans, here are some tips to keep in mind before you sign up for one. Finding funds In India,…

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Education institutes must implement anti-ragging committee: Andhra Pradesh DGP

Education institutes must implement anti-ragging committee: Andhra Pradesh DGP

VIJAYAWADA: With many new educational institutes emerging across the state, Director General of Police Nanduri Sambasiva Rao on Friday urged them all to take measures and eradicate ragging in the state. “I have made an official request through the principal secretary of higher education to ensure that anti-ragging committee and anti-ragging squad be established across all higher educational institutes as mandated by law,” the DGP said during a press conference in the city. Making it clear that police aren’t the only main stakeholders in cracking down ragging cases, he said…

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ICT in Higher Education Taking Learning Process to the Next Level

ICT in Higher Education Taking Learning Process to the Next Level

With Class 12th results out, students and parents have been searching for suitable colleges. High on their list are educational institutions which are innovative and offer programmes which impart skills that are in high demand in the job market. To meet this growing demand, Indian educational institutions have been quick to adopt Information and Communications Technology (ICT), taking the teaching-learning process at universities and colleges to the next level, observes Priyanka Sharma of Elets News Network (ENN). It has been estimated that in the next 10 years, more than 50…

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Nepotism in institutes affecting education quality: Parrikar

Nepotism in institutes affecting education quality: Parrikar

Panaji, Jun 15 (PTI) Expressing concern over fall in quality of education, Goa Chief Minister Manohar Parrikar today blamed nepotism prevalent in institutions for it. He said many colleges hire their family members or acquaintance as teachers, which hampers the quality. “If you see the educational institutes in Goa, there is a tradition to employ a person from our own family as a teacher. The result is , the quality of education is impacted,” Parrikar said at an event organised by state-run Economic Development Corporation here. He shared one of…

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Education budget: A paradise lost

Education budget: A paradise lost

“But all was false and hollow; though his tongue Dropp’d manna and could make the worse appear the better reason.” John Milton, Paradise Lost, II.I.112 W e had a vision of a more perfect nation where democracy and equality were more than aspirations. We believed we could make this piece of paradise real with the unity of the people and the purposefulness of our governments. But this has been reduced to an endless series of false and hollow incantations whose lifespan is as transient as its denial in the next…

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