Many students today take education loans to study in some of the premium institutions of India and the world. The fees of some of the courses today are very high and not everyone can afford it. To help people get access to good education, banks and financial institutions introduced education loan. People can take this loan for the purpose of pursuing higher studies only. They have to repay it to their lenders along with interest within the tenure they took it for.

Interestingly, during most crisis situations whether because of recession or economic slowdown due to pandemic like COVID 19, the education sector sees more enrollments. Experts say the reason being, people realize that career growth is directly related to their company, industry and economy growth, hence, it is the best time to take a break and upskill themselves. Similarly, for freshers, spending time on campus during a slowdown is much better than passing out at the start of any down cycle of growth. So, this is a good time for students who are planning to complete their higher studies in the next two years or so. They are more likely to come out when the worst has passed.

Speakers

Robin Good Hood

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HOD, Oxford University

American novelist and short story writer best known for his discussions of marginalized characters of American society.

Raju Jayamohan

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HOD, Oxford University

American novelist and short story writer best known for his discussions of marginalized characters of American society.