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IIT Delhi wants students to get income-contingent loans to cover their tuition fees. (iStock)
IIT Delhi wants students to get income-contingent loans to cover their tuition fees. (iStock)

IIT Delhi wants Australia-like education loans, HRD ministry examining issue

  • IIT Delhi has requested the HRD ministry to follow the Australian model of student loans
  • Australian students repay loans after getting jobs

NEW DELHI : 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 Education in the HRD Ministry confirmed to ANI.

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

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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