Banks are no longer offering study loans with the
open-handed generosity of a few years ago, especially to students who plan to
study abroad. The reason for this is that the default rate is rising in banks'
education loan portfolios. According to a public sector bank official, the
problem of default is worse in the case of overseas education, as students
change their address without informing the bank. For more information go to: www.tryfinance.blogspot.com