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G. MAHESWARI
Research Scholar, Department of Commerce, A.V.C. College (Autonomous), Mayiladuthurai.
INTRODUCTION
Education is the process of instruction aimed at the all-round development of
individuals, providing with necessary tools to participate in day to day activities of the
world. It dispels ignorance and boosts moral values in the individuals. It forms the basis
for lifelong learning and inspires confidence to face challenges; besides providing skills
to become more self-reliant and increases awareness. Education not only impacts the
human development and economic growth, but is the fundamental requirement of
democracy. Through education, people become more responsible and informed citizens,
and can voice their concerns and issues in political system of their society. Education is
the key, which allows people to move up in the world, seek better jobs and ultimately
succeed in their life. In India, getting education has been a big problem since long. A
How to cite this article: Raviselvam, G., & Maheswari, G., (2015). “Student Awareness towards Educational Loan”.
International Journal of Advanced Scientific Research & Development (IJASRD), 02 (02/I), [Special Issue – Aug’ 2015],
pp. 40 – 47.
International Conference on Innovation in Commerce and Management (ICONICM – 2015) |
Organized by Department of Commerce, A.V.C. College (Autonomous), Mannampandal,
Mayiladuthurai – 609 305, Tamil Nadu, India.
small minority in the elite class get access to excellent education facilities; whereas the
poor practically get no education at all.
Table1
Grade Grade Age Age
Education School/Level Years Notes
From To From To
Includes
Primary Elementary School 1 8 6 14 8 standard IX
and XII
Senior
Secondary Secondary
Secondary 9 12 14 18 4
School School or
Junior college
University /
Tertiary Nil Nil Nil Nil Nil Nil
College Level
Technical Undergraduate
Tertiary 4
Institutions Degree
Others PG
Sources: Secondary data
Primary Education: Elementary education in India is a major challenge for
government, and many children are still deprived of what is treated as a fundamental
human right under Indian law. It comprises 8 years of school starting at age 6, and
efforts are ongoing to engage communities where child labor is still common practice.
The goal is to provide useful, relevant information in preparation for secondary
education. Young females, particularly, are still being systematically deprived of this
opportunity
Secondary Education: In the course of the final 4 years of Indian school
education a bridge is built between the foundations laid by primary education, and in
the vocational or tertiary education that may follow. Although overall standards are
controlled by examining boards, the curriculum is still largely based on the system that
the British colonialists left behind. Pupils and their parents may choose between state
or commercial schools, or those with associations with religious dogmas.
Vocational Education: Young people who do not wish to go on to tertiary
education, or who fail to complete secondary school often enroll at privately-owned
vocational schools that specialize in just one or only a few courses. In doing they
prepare themselves to face the impact of the liberalization and globalization of the
Indian economy - sadly, though many young women are still denied this opportunity.
Tertiary Education: India is justifiably proud on its universities which are
mainly funded by state governments, and many are centers of excellence. The 12 larger
Volume 02, Special Issue 02, Version I | 10th & 11th August’ 2015 42
International Conference on Innovation in Commerce and Management (ICONICM – 2015) |
Organized by Department of Commerce, A.V.C. College (Autonomous), Mannampandal,
Mayiladuthurai – 609 305, Tamil Nadu, India.
ones are funded by the central government though, which is more generous in its
financial support. Although engineering and business colleges are accredited to a central
body known as the AICTE, the Medical Council of India moderates all medical colleges.
Progress is being made with managing teacher training in a similarly functional way.
43 Volume 02, Special Issue 02, Version I | 10th & 11th August’ 2015
Student Awareness towards Educational Loan
RESEARCH METHODOLOGY
3.1 Types and Sources of Data
The source of data used in this study was collected from primary and secondary
data.
Primary data collection was done through a questionnaire. Secondary data was
collected with the help of annual reports of the banks, manual of instructions on loans
and advances, books, articles and research papers and internet.
3.3 Population
The sample size of the study is 100 respondent namely the college students.
Table – 6: What Prompted you to Avail Educational Loan from Commercial Bank?
FINDINGS
5.1 Percentage Analysis
1. Most of the students are known about educational loan from friends and
relatives.
2. It is inferred that majority of the students are male.
3. Most of the respondents are motivated by educational institution.
4. It is inferred that majority of the students are prompted to avail in educational
loan from publicity of bank.
5. Most of the respondents are fully aware of pre-condition of sanction loan &
interest rate.
Volume 02, Special Issue 02, Version I | 10th & 11th August’ 2015 46
International Conference on Innovation in Commerce and Management (ICONICM – 2015) |
Organized by Department of Commerce, A.V.C. College (Autonomous), Mannampandal,
Mayiladuthurai – 609 305, Tamil Nadu, India.
CONCLUSION
This research study concluded that Most of the students are not aware of the
getting educational loan from bank, the commercial bank conduct some student
awareness programs for the rural and urban students ,it can help to improve the higher
education in India.
REFERENCE
[1] Kothari. C.R, (2007) Research Methodology, New Age International Publication, New
Delhi.
[2] Wikipedia Educational system in India
[3] http://www.apnaloan.com/education-loan-india/rates.html
47 Volume 02, Special Issue 02, Version I | 10th & 11th August’ 2015