Eight years to pay off a 43 lakh loan: Why one grad calls the debt trap a 'crushing' reality for young earners.
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Arpitha Rao, a Bengaluru woman, took eight years to pay off her Rs 43 lakh education loan.
- ✓She started earning at 22 and faced many hurdles, including motherhood and a failed business.
- ✓She said, "I hoped my son would grow up valuing financial independence and the importance of earning."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Repaying an education loan can be a lengthy and financially taxing experience. A woman from Bengaluru, Arpitha Rao, took eight years to pay off her education loan before achieving financial freedom. Her path included overcoming various financial challenges, personal economic struggles, and the extra duties associated with being a mother.
Paying off education loans is very difficult. For one Bengaluru woman, it took her eight years to pay off a loan. Arpitha Rao had to bypass several financial hurdles, personal financial difficulties, and the challenges of motherhood to finally be free of debt and pay off her loan. After clearing her Rs 43 lakh education loan, Arpitha took her three and a half year old son to the bank to witness her personal milestone. She wanted to inculcate the value of financial independence from childhood.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.