Abstract: Banking sector is one of the largest financial service industry in the world. This study focuses on knowledge and information which drive a key force for economic of the country the rapid rate of economic growth of any country depends on technically and professionally trained human man power in huge numbers. Therefore, loans for education are such as investment for economic development and prosperity of a country. India has got large number of students who are aiming and passionate towards pursuing their higher education and are seeking financial assistance in the form of education loans from bank. In this research it is analyzed that is education loans are available for qualified students at specified loan of interest for completing their higher studies in various courses. Education loan has been increasing with the higher growth in interest rate on loan which can affect in affordability to deserving students who cannot pursue their higher education.

Keywords: Banking sector, technical, professional, economic, education, affordability.

| DOI: 10.17148/IARJSET.2022.9613