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HRD Ministry examining IIT's proposal of Australia-like student loans

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The Indian Institute of Technology (IIT) in Delhi has urged the central government to emulate Australia and extend income-contingent loans to the students to cover their tuition fees and seek repayment only after they find employment.

Human Resource Development (HRD) Ministry is currently examining the matter, R Subramaniam, Secretary Higher in the HRD Ministry confirmed to ANI.

To cover their fees, students in Australia avail of Higher Loan Programme (HELP) under which repayment begins after they find employment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 16 2019. 12:21 IST