Socio-Economic Determinants of Education Loan for Higher Education: Evidence from a Primary Level Study in Odisha

This study attempts to understand and examine the role of Socio-Economic Determinants in availing education loans in the State of Odisha, India. Most often, it is always recognized that availing education loans depends on various parameters but do not know exact determinants of education loan. In this study, an attempt has been made to find out important determinants which not only influence but also greatly affect the chances of a successful application for education loans. This study embarks on quantitative analysis and adopts a survey method to collect data in six different universities and colleges in Khordha district of Odisha. The results indicate that several socio-economics determinants do play an important role and alter the prospects of the successful application for education loan. This study exposes several biases that are deeply inherent in the process of availing a successful education loan.