Data

Later on after tabulation of data, two information rich respondents were purposefully selected for detail study. They were regularly contacted through email and through Skype internet chatting was done. Cost of migration, living and study is very high in Australia. Students were found meeting their cost requirements through various sources. Among them family was the initial source of funding and at the later stage seemed to be mitigated their educational and survival expenses through part time job, scholarships and stipends. None of them were found to have education loan as a source of educational funding. Hence the role of bank is not apparent. Provisions of collateral, complex documentation procedures and high interest rate for student loan are the reasons why students are not interested in education loans. Education loan market can be the area where banks can think of investment. Furthermore subsidised rate of interest and easy documentation and repayment system can lure the students to take loans. This can also be worked out with collaboration with government or Educational institution as practised in other parts of world. Further in depth study of similar kinds is recommended.