Jobs' slump hits freshers hard, loan repayment troubles loom large

Life has not been easy for Sneha Bhutani, 23. She grew up in Mandsaur, a small town in Madhya Pradesh, in a modest middle-class family; her mother was a school teacher and father ran a small business. In July 2008, Bhutani enrolled for an engineering degree in an Indore college, her bid to hit the big time. 
The financial burden — a Rs 4-lakh fee for the four-year course and the higher living expenses of a city — was daunting. An education loan eased the pressure. "It was easy to get and the bank did not require any collateral," she says.

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