Failure to repay an education loan may cost you dearly | Business Line ‘Dis’-credit to education This refers to the report “Failure to repay an education loan may cost you dearly”(July 30, 2014). The report brings out in one place the background in which education loan, as a category of bank credit, has come to the present disgraceful position. The government policy, banks’ attempt to ‘pluck low hanging fruits’ to meet priority sector targets, greed of educational institutions to earn more by linking cost of seats in professional colleges to loan eligibility, failure to popularise a reasonably acceptable level of repayment ethics at least among the ‘educated’ poor law enforcement and above all a sense of ‘pride’ created in the minds of high profile defaulters have all contributed to the present impasse. The position can be retrieved by: i) First ensuring that those beneficiaries w...