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Attending college can be a wise financial decision as it has the potential to increase lifetime earnings by a significant amount, especially with advanced degrees. Students seem to agree; in 2015, 40 million high school graduates enrolled in a college or university program across India and this number is expected to increase to 92 million[...]

Student loans have become increasingly popular in India as a way for aspirants to finance their higher education. Student loan interest rates are an essential aspect of education financing in India. As the cost of higher education continues to rise, students and families are increasingly relying on these loans to cover the expenses.  According to[...]

Aspirations of those who want to go to prestigious universities for education often die prematurely due to the perception that it is an expensive affair. Adding to the common myth is that studying in reputed colleges is only for the rich. While studying in India has its share of expenses to bear, it is not[...]

Banks, non-bank financial institutions (NBFCs) and fintech companies have become invaluable tools for greater financial accessibility for the new India, where ‘expensive education’ can be a barrier. The rising cost of education in India makes it extremely difficult for financially disadvantaged families to allow their children to pursue their studies. According to the NSO, the[...]

Obtaining a degree from a reputable university can be a valuable asset for securing a desired job. However, recent data suggests that there has been a decrease in the number of students taking out education loans to fund their education. Specifically, the number of students seeking education loans dropped from 34 lakh to 27.8 lakh[...]

College education is one of the most significant investments a person can make in their lifetime. It provides students with the opportunity to develop skills and knowledge that are critical to their future success.  However, the high cost of tuition and other expenses associated with college can make it challenging for many students to achieve[...]

An analysis by the IMARC Group tracking the growth in the Indian higher education market, expects it to exhibit a growth rate of 10.30% during 2022-2027 (a spending outlook that reflects anticipated inflation in tuition fees as well as living expenses). Rising enrollment of students and increasing literacy rates are the two main factors driving[...]

India now boasts of 1,000 universities and 40,000 colleges, and its higher education system is set to undergo a significant transformation. In addition, the new National Education Policy (NEP) is expected to bring about revolutionary changes in teaching and learning, focusing on student-centered approaches. In such a scenario, student loans are one of the most[...]

“Education is not preparation for life; education is life itself,” said John Dewey, Education Reformist, Philosopher, and Psychologist. Education at all levels – primary, secondary, and higher – cannot be overstated in terms of not only improving cognitive abilities but also laying a solid foundation for a successful life. Despite its importance and the growing[...]