A Comparative Analysis of Student Loans and Debt Accumulation

Education has been one of the important areas for the directional national development. In the new era, the landscape of higher education, particularly management and technical education, has changed significantly. Students loan has proven to be the most effective model to reduce the price of education and finance the higher education. However, in India, students' loans are not supported by banks and financial institutions due to rising defaults and turning the loan into non-productive assets. This article discusses about the overall idea about student loan and debt accumulation. This paper further discusses about the positive as well as student loan debt.