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Education loans registered a record y-o-y growth of 20.6% for April - October 2023, compared to the same period in 2022. (Source: RBI)
https://www.thehindubusinessline.com/money-and-banking/education-loans-see-record-206-surge-in-april-oct/article67673949.ece
Do state NLUs with their high fees and private universities (BITS Law, JGLS) with their exorbitant fees fuel this?
Do education loans impact career choices given that there's a sword hanging over students' heads?
Those who take education loans, are they also more likely to take other loans later in life - housing, car, personal etc.? Like a loan fetish.