The Impact of Financial Disruption on Indian Students Planning Higher Education in and Outside Home Country, with Special Reference to SBI Education Loan

Abstract

India has tackled large-scale reform to improve student ratio in higher education as a remarkable career based path. The expanding capacity for doctoral students at research universities and breakup for educational qualifications for teaching eligibility raising the standards during the recent decades reflects the growth aspect of higher education in India. India has been able to overcome the learning outcomes and enrolment numbers with a student-centric learning-driven model of education. The landscape of India’s higher education has modified during the last two decades. This paper studies the growth of finance offered for diploma courses, under graduation, post graduations within and outside India. Education Loans play a vital role in the flowing system of advances and the growing demand for quality education in the current job market. The demand for education loan seeker and the supply of funds from the financial institutions has seen a lot of variations due to the disruption in the recovery ratio. A detailed study on Education Loan Interest Rate, Loan Tenure, Loan Amount and Pre-closure Charges are the highlights of this paper along with loan sanctioned and loan disbursed for students studying within India and abroad regarding the SBI Education Loan data.