Education Loans Harder to Access Amid Rising Costs

The Parliamentary Standing Committee on Education in India has reported a decline in education loan accessibility, despite rising higher education costs, highlighting significant gaps between policy and implementation. Active student loan accounts dropped from 23.36 lakh in 2014 to 20.63 lakh in 2025, even as total loan amounts increased. The committee emphasized a lack of awareness among rural and disadvantaged students about available schemes and noted regional disparities in loan access. Recommendations include enhancing loan sanction rates, expanding awareness campaigns, and improving procedural access to education loans.

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