With Education Ecosystem In Doldrums, Student Loans Plunge This Year
Due to a low admission turnout, a decline has been witnessed in student loan applications. However, Avanse, India’s second-largest education loan company, claimed that lenders are willing to take risk of default on loans for overseas education. It cited focus of Indians on employment-generating streams as reason. The company's CEO said they look optimistically for the fourth quarter when admissions start. Reportedly, loans for education technology have risen this year.