ISSN (Online) - 2349-8846
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An Analysis of Educational Loans

Jayadev M (jayadevm@iimb.ernet.in) teaches at the Indian Institute of Management Bangalore, Bengaluru.

Educational loans are a relatively new phenomenon when it comes to funding higher education in India. There has been a significant rise in the volume of outstanding educational loans with an annual growth rate of 12% since March 2008. Banks are concerned about increasing non-performing assets with respect to educational loans. This paper argues for a statutory framework that addresses all aspects of funding higher education through loans and scholarships.

This paper is a part of a report titled Central Subsidy for Interest on Educational Loans: Evaluation Study submitted to the Ministry of Human Resource Development (MHRD), Government of India, by the author in September 2015. Financial support extended by the MHRD, Government of India, is deeply acknowledged. The author also acknowledges the data provided by Canara Bank and research assistance support extended by Avishek Chanda.

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