Propelld, a fintech start-up that offers educational funding, has raised $25 million for its wholly-owned non-banking financial company (NBFC) subsidiary Edgro.
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It’s time to rethink higher education and its relationship with financial independence
Education has long been touted to play a key role in reducing socio-economic inequalities. Multiple studies, both in India and abroad, have reaffirmed the belief that higher education leads to better financial outcomes. An entire generation was raised on the premise that education would be their ticket to financial independence. Fuelled by massive public and private funding, gross enrolment ratios increased significantly across the globe.
However, things haven’t exactly gone to plan. Student loan debt in the U.S. is the second biggest consumer debt category with nearly 10.8% NPAs; closer home in India, banks are staring at the prospect of writing off one in every 10 loans. This is primarily due to the students’ inability to service their education loan debts with their salaries; that is, if they manage to secure a job to start with. In the U.S., student debt is cited by Gen Z and millennial
and so the bottom line cupperman makes this very interesting constitutional argument or at least the white house makes it on his behalf has private industry done a good job of handing out loans? saying he has constitutional i mean, they don t have a great immunity which is essentially record either. oh, i disagree. executive privilege on steroids, if you look at the banking the idea that he is an extension system and what they ve done with regard to private loans, of the president and cannot be student loans, over the past compelled to testify about advice or conversations that he decade, they ve they ve got had with the president of the full disclosures. they ve got better interest united states. if that is expanded to other rates than we have. they have responsible lending white house aides, it could be standards. very frustrating for democrats and so the net net of it is i who want to get closer and closer to that original phone think people need to go take a call and to the