Don’t assess parents’ income for education loans: HC
The Hindu
‘It should be based on projected future earnings of students’
The Kerala High Court has held that the repayment possibilities of education loans should not be assessed based on the financial position of the parents, but should be based on the projected future earnings of the students on employment after education. Justice P.B. Suresh Kumar made the observation while disposing of a writ petition filed by Devik Soniraj, a second-year BAMS student, challenging the decision of Bank of India, a public sector bank, to reject her request for an educational loan.
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