A STUDY ON THE DIGITALISATION OF EDUCATION LOANS AND THE SUSTAINABLE GROWTH OF HIGHER EDUCATION
Keywords:
Digital Banking, Education Loans, Higher Education Enrollment, Financial Inclusion, Sustainable Growth,,Abstract
The digitalisation of banking services has significantly transformed the accessibility and
efficiency of education loan systems, thereby influencing the growth of higher education. This
study examines the role of digital banking in facilitating education loans and its contribution
to the sustainable growth of higher education. The research analyses trends in education loan
interest rates and higher education enrolment rates for the period 2021–2025 using secondary
data obtained from official banking and educational reports. A descriptive research design and
quantitative approach were adopted, and trend analysis using the least squares method was
applied to examine patterns in the data. The findings reveal that although education loan
interest rates showed moderate fluctuations during the study period, higher education
enrolment steadily increased. The results suggest that digital banking platforms, online loan
applications, and simplified documentation processes have improved accessibility to education
loans. Overall, the study highlights that digitalisation of banking services plays an important
role in enhancing financial inclusion and supporting the sustainable development of higher
education systems.
