education loans .. a few suggestions

when banks were told to popularise education loans they were sceptic. now they are proved right, well, almost. education loan accounts for a major portion of bad loans in banks.
there are a few problem areas in the education loan segment. repayment obligation is too heavy in many cases. for example for a five year course the loan amount goes up by about 50% by the time the student starts repaying (hopefully from the sixth year). this amount is to be repaid in the next five years with compound interest . many jobs simply do not provide such salaries.

the other problem is that the student forgets to keep in touch with the bank once the course ( and the loan disbursement) is over. it becomes very difficult for the banker to trace the student and his employer.

but education loan is a great step forward. there is no meaning in denying an aspiring student a venue just because he doesnt have enough money. here are a few suggestions to improve education loan segment.

from the student's side

-- estimate the repayment obligation before availing the loan

-- start repayment at the earliest , even during the course period if one can afford it.

-- inform the bank details of employment or otherwise



from govt side



-- consider further reduction in rate of interest. even at zero rate of interest , education loan may provide positive returns to the society at large.

-- consider substantial increase in repayment period. even a ten year period is ok. after all the student will be in gainful employment for a much longer period.

-- make it mandatory for the colleges to send information to the financing banks on the progress and completion of of study and employment details if any

-- make the student decalre education loan liability if any in his bio data for job application. make it compulsory starting with govt and public sector jobs.

table cover paper for parties

marriage parties and almost all other feasts are now being managed almost entirely by professional groups. they decorate the  stage , cook the food  and serve it nicely to the guests. and they bring in innovations too.
one such innovation is covering the desk with paper which helps in removing the left over easily.
and the latest is spreading this paper in multilayers . just remove the first layer with the left over and the table is ready for the next session.
my suggestion is to the manufacturers of this paper ( let us call it the dining paper ) to make it in multi layers.
if the paper comes in say 3 ply , it saves a lot of time . at one one go three layers can be laid.
for the manufaturers it is the question of effecting minor mofification in their packing section.

let us see who picks up this idea first