Issues faced by students on their higher education loan: a critical review
Abstract
The study mainly contributes about the problems facing by students during their higher education loan. It shows the reasons for choosing public sector and private sector to get a loan and also difficulties faced by the students from a banker. The study also examines whether the banks are providing loans at affordable interest rates. To analyze these factors the data we extracted through a questionnaire conducted in October 2022 from the student perspective and their satisfaction based on education loan process. To analyse these factors, we used chi square test and descriptive statistics. By using a systematic literature review approach, we found that students are facing many problems to get education loans. Banks are seeking more interests from students which will be very burden for students to pursue their education. So the present study is very helpful to identify the problems facing the students related to Education Loans.
Keywords
Education loan, problems facing, pursuing higher education, loans by banks