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Some banks and financial institutes in the nation have started providing student loan. The history in such category of loan is not very long and it would have started just six or seven years back from now. Everyone who would like to be a doctor or a chartered accountant can not afford such big amount so they just had to suppress their interest and join some other streams. Today there are a number of banks which provides education loans however there are still some drawbacks with such loans. The loans are provided only to well deserve applicant who have scored good marks in their exams.

A couple of days back I read in news which was related to something like students loans. The school started a loan facility which they provided to their own students. Looking at the financial status of students and families of those areas, that school was providing student loan. Though I did not pay much attention towards the news I felt glad. This was a good move. I am not sure about the student after finishing studies from that school would still get loans to pursue further education or not. But completing high school with the loan provided is good enough for needy and poor people. The news was great and hats off to that school.