RBI Data Shows Decline in Student Loan Accounts Despite Higher Borrowing

Data from the Reserve Bank of India indicates that the number of student loan accounts fell by 15.2% over the last decade.

Despite fewer accounts, the average outstanding loan per student surged by 178.2%, reaching ₹7.25 lakh, reflecting the rising cost of higher education.

Loans under ₹2 lakh saw a significant decline in usage, while larger loan amounts now dominate the educational credit landscape.