Bank of America to stop issuing ``private'' student loans
Bank of America said Thursday it plans to stop issuing ``private'' student loans -- or loans not backed by the government -- because the turmoil in the bond market has made the debt hard to sell to investors.
Finance Minister P Chidambaram on Saturday said an education loan is a right of every student and the officials with the public sector banks who are found rejecting a large number of applications may be penalised for denying the loans.