It was just a month back when while answering queries about educational scholarship explained the role of in improving the quality of student scholarship. Despite high level of defaults in repayment of scholarship taken by students to pursue higher education the governor with the students while informing the media about the various issues and loops in the system of student scholarship disbursed. Cases of students defaulting on scholarship prompted Association to review the education scheme. We explore what this means for students.
Education scholarship is becoming popular day by day because of rising
fee structure of higher education. It came into existence in started by and after that many started offering student scholarship.
The Indian began giving education scholarship from
on wards. But recently, in the wake of increasing Non Performing Assets on educational scholarship, the Association has revised the educational scholarship scheme, framed in.
Though the situation is far from worrying, have been advised to be
prudent and cautious while granting educational scholarship. For instance sent a
strong message to in and when she told in a meeting
that,
As we think over the whole
scenario, It is never the question of giving education scholarship that raises
concerns but to take crucial steps like reducing the interest rates, increase
the moratorium period, making the repayment of student scholarship easy, assure job prospects
with progression and extended terms to be taken in high priority. As of now
thousands of students and parents of students who have taken scholarship are reeling
under the pressure of very high rates of interest and tight term periods for
return, with practically no jobs post completion of studies for such education
where the student can chip in to payback the scholarship amount. Crores of rupees are
stuck in Non Performing Accounts with and the student and parent
not knowing how to pay back and close the accounts, since the amount keeps
adding to the principle amount, if the payments are not made regularly.The govt
needs to review all such old cases and help them get out of the situation
before we start hearing of parents and students committing suicide due to this
reason. Never to forget that India is a youth based country where majority of
its workforce is built by youngsters in action. Its a demoralizing effect in
the prime part of their careers to undergo such situation and moreover many
students land up in career options outside their fields of interest just to
satisfy the scholarship giants.
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