Hi, That is a good article. Every student should rea it before going in for a loan. Today, it's a craze to be an engineer or an MBA. People who are not meant to be engineers, become engineers. It's the same for MBA. What is needed is to make people understand that there are other options and make them seriously look at them. It's really sad to start ones life with a debt on ones back.
I have taken a loan of 2 lacs for my MCA ..i still cant understand why rate of intrest for education (which is more necessary than a car) is 10.5%(13.5% when i took)..does this mean just buy a car(7-8%) and not study bcaz u cant afford it.Can RBI look into this and make education loan more affordable...
