Visas to job risks: US woes hit education loan cos
[ad_1] MUMBAI: India's education loan companies are facing collateral damage from the Trump administration's crackdown on immigrants. With the US accounting for 50-75% of the education loan disbursements, lenders are facing a business slowdown as students rethink their America plans. Lenders are also implementing stringent assessment checks to process US education loans, preferring strong profiles and top-tier universities amid mounting concerns over borrowers' ability to repay loans given the political situation and risk of a hiring slowdown in the US due to tariff-led recession fears. This, in a way, is shrinking their pool of US candidates, impacting business. Apart from banks, a growing crop of NBFCs, new-age financial and study abroad platforms, including players like Credila, Avanse Financial Services, and InCred Finance, operate in the higher education lending space in India.For some firms like InCred Finance, enquiries and applications for […]