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INPA plea govt to save parents & students from the trap of edu'n loans

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INPA to save people from Edu'n loans
As we all know, education loans are the only way for higher education, for those who cannot afford the amount demanded by the university/ institute. In such case, the number of students opting for educational loans have been increasing every year.

Education loans are to help students who aspire for higher studies and aid them financially, but in most cases, the choice is driven by the aggressive and forceful marketing strategies done by banks offering these loans.

More than aiding a student, the stake of the financial institutions lies in, increasing the profitability of their business. They stand out as a prudent product for the banks to sell and achieve margins.

However, Students get trapped in the web of unsuitable education loans due to lack of proper knowledge and understanding about the loan procedures and banks terms and conditions.

In order to overcome these disadvantages caused to students, the INPA (Indian Nurses Parents Association) in the recently inaugurated people's convention, urged the government to take immediate steps to save the students and parents from the trap of Educational Loans.

They sought writing off on the interest rate of educational loans as an urgent relief measure for parents and students.

Also, the association has put forward other demands like an extension of the repayment period and to stop recovery proceedings in the case of default on loans. Further, it also pleaded the government to take up the financial burden of education as a social responsibility.

A 23-member district committee was formed at the convention. The convention also decided to launch strong agitations by co-ordinating all the students and parents who have taken education loans.

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