Archive · 20 May 2025
Gujarat Education Loan Growth Slows Due to Several Factors
The number of students in Gujarat taking out loans to study abroad is growing much slower than before.
In the past, many students got loans to study in countries like the US, Canada, and the UK.
But now, fewer students are applying.
This is happening because it's getting harder to get visas, and the cost of living and tuition is going up.
Some families are worried about changing rules in these countries.
Also, many students are getting rejected for their visas so are not taking the loan.
Because of all these reasons, fewer students are taking out loans for international studies.
Education loan growth in Gujarat slowed in FY2025, with only a 6.5% increase in disbursals.
The number of education loan takers increased by 2.7% in FY2025, a significant decrease from previous years.
Tighter immigration rules in countries like the US and Canada contribute to the slowdown.
Rising costs of living and tuition fees are also factors deterring students.
There's a growing concern among parents about policy shifts in popular study destinations.
- Who
- Students and families seeking education loans.
- What
- A slowdown in education loan growth for students studying abroad.
- When
- FY2025, compared to previous years.
- Where
- Gujarat, India
- Why
- Due to tighter immigration rules, rising costs, and visa issues.
Banking Sector and Consultants
Parents and Students
Concerns on policies
Banking Sector and Consultants
Observing decreased demand for education loans and students going abroad.
Parents and Students
Expressing worry due to immigration policy changes
- Education Loan Disbursals FY2025
- Rs 2,078 crore
- Loan Takers FY2025
- 22,419
- Increase in Education Loan Disbursals FY2025
- 6.5%
- Increase in Loan Takers FY2025
- 2.7%
- Increase in Education Loan Disbursals FY2024
- 55%
- Increase in Loan Takers FY2024
- 18.43%