Summary:
Parties should also lobby for interest free education loans or increasing the quantum of scholarships as an alternative. Instead, he suggested, political parties should push for reduction of fees, as most colleges were run by party-men.“The RBI or Centre will not allow a waiver of education loan. This will affect their CIBIL rating when they apply for a home or car loan in future,” Srinivasan said. About ?20,000 crore in loans was given to engineers in the last four years. But students will unnecessarily stop paying loans anticipating the waiver..