Education Loan News in India

• Goa Government approves extensive modifications in its flagship scheme 28/Jun/2012
• The Goa Government approved extensive modifications in its flagship scheme, under which interest-free loans are provided for higher education, making it more student-friendly.   The changes were approved at a State Cabinet meeting presided over by Chief Minister Manohar Parrikar.   ..
• Banks more stringent this year on education loan rules 27/Jun/2012
• With the admission season gathering momentum, banks are busy with scores of students applying for education loans. Students walking in clutching a bag with their credentials, parents ..
• AIBA guidelines for sanctioning education loans not acceptable to Kerala 23/Jun/2012
• Kerala Chief Minister Oommen Chandy expressed concern over denial of educational loans by banks and said the guidelines prescribed by the All India Bank Association for sanctioning loans were not acceptable to the state.    Responding ..
• PAN card mandatory for education loan 17/May/2012
• Banks have started asking for PAN Card of both student and parent who apply for education loan. According to the District Lead Bank Manager, J. Vanangamudi, in the case of students whose annual family income is Rs. 4.5 lakh or less, they are ..
• Banks cannot deny educational loan says HC 12/May/2012
• The Madras High Court has held that a nationalised bank cannot deny a student-applicant an educational loan solely on the ground that admission was secured under the management quota. Justice M Jaichandren set aside an order of a nationalised ..
• Sibal attacks plan panel for rejecting proposal on edu loans 9/May/2012
• HRD Minister Kapil Sibal hit out at the Planning Commission for rejecting a proposal to set up an education finance corporation to refinance student education loans, saying the move was against the interest of the students.   "The HRD Ministry has been knocking at the doors of Planning Commission ..
• Higher education loan for Plus-Two students 6/May/2012
• Coimbatore District Collector M. Karunagaran, convened a meeting of principals of Higher Secondary Schools in the district and representatives of banks at Mani High School on Thursday in an attempt to simplify the procedures involved in availing education loans for Plus-Two students. Principals from 292 ..
• Education loans touch Rs 7,000 crore mark in Kerala 30/Apr/2012
• The outstanding amounts on account of education loans of the banks in the state have piled up to Rs 7,035 crore — dues from 3.5 lakh loanees — of which Rs 447 crore remained as non-performing assets from 24,850 loanees. Its implications point to a dangerous scenario, social activists say. ..
• HC upholds IBA decision on Education Loan 21/Apr/2012
• The Madras High Court Bench here on Friday upheld the validity of a decision taken by Indian Banks Association that henceforth students who had secured less than 60 per cent of marks in qualifying examinations and secured seats in private colleges under the management quota would not be eligible for availing education ..
• Coimbatore Collector tells bankers to treat education loans as national .. 1/Apr/2012
• Mr M. Karunakaran, District Collector of Coimbatore, urged bankers to concentrate on education loans and look at the education loan portfolio as a national investment instead of considering it as an unrewarding advance. He made this remark after unveiling the Annual Credit Plan for 2012-13, which ..

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