The US Exim Bank is willing to give education loans to Indian students who want to study in the US, the Chairman and President of the Bank, Mr Fred Hochberg, said today.
Answering a question raised by Dr Sankaran Raghunathan, Dean, The National Management School, in an interactive session organised here by the Indo American Chamber of Commerce, Mr Hochberg said that the US Exim Bank has been “actively exploring this”. However, he noted that the bank would need to “work with an entity” as it could not give loans to individual students.
Mr Hochberg also immediately assigned an official of the US Exim Bank to pursue the matter with Dr Raghunathan.
If indeed the US Exim Bank is able to provide education loans, the Indian students would presumably benefit from the lower interest rates.