As the new education year already started in july -august , parents across the country are thinking about how they are going to pay the college fee in this economic slow down. It is going difficult for young people to start their careers saddled with too much debt, giving up major part of their paychecks for loan payments after getting job.There are lot of NPA,s in banking Education portfolio in all our banks..It is problem of world dimension, Even President Obama and his wife, Michelle, both law-school grads, couldn’t pay off their tuition until he became a senator in 2005.
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