I didn’t need loan for study. Actually my college was not much expensive so loan was not necessary for me. But loan is not easily available here even if I want loan for my study. They do loan for house, car etc easily but education loan is hard. Interest is also pretty high on Education Loan. So many people live in village area and their property does not cost more no matter how many lands they have in village.And banks do not loan because of weak mortgage. Thats why people can not get chance to study in good colleges.
In one hand Education in Nepal is not good. Very few of the colleges which are good is not affordable by the average person. And if they wanted to study in good college or wanted to abroad to study they do not get refinance student loans easily. And people are also not aware about thing. There are not any kind of online student loan consolidation programmes available. Thats one of the many main reasons behind the countries poor economy.