Cutting out the Delays and Dilemmas
There have been a slew of directions/guidelines in the matter of enabling students to get education loans faster as well as banks feeling safe in extending such loans to students (in spite of their status as nonearning individuals). These directions/guidelines are summarised below.
Model IBA education loan scheme for pursuing higher education in India and abroad
become homesick and want to see their family back home. But the cost of homebound travel is not part of the existing schemes of most banks (only a very few banks include this as a part of their loan sanction). Left to themselves, students do not want to put the burden on their families to take this tab on their behalf – they would prefer that the bank includes the cost of homebound travel in the education loan.