Source : TNN Jul 29, 2011, 05.04am IST
CHENNAI: A final year student of an engineering college in the city was on Thursday given relief with the Madras high court directing the release of her educational loan halted in the third year of the course.
A petition filed by R Sahana of Rajalakshmi Engineering College said she had applied for an educational loan of 2.2 lakh for four years from the Oriental Bank of Commerce at 55,000 a year. While the prescribed fee was 98,000 a year, the petitioner would mobilise 43,000 herself.
Her parents were co-applicants for the loan as they had obtained a few other loans in their individual capacity for their business. As they defaulted in paying the loan, the bank stopped the educational loan for Sahana in the third year of her course, the petition said.
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