DECENTRALIZEDSTUDENTLOANS:ANEWERAIN FUNDING HIGHER EDUCATION THROUGH BLOCK CHAIN TECHNOLOGY

Abstract

The escalating cost of higher education has rendered access to quality education a significant challenge for students worldwide.Traditional student loan systems often involve intermediaries, leading to delays, increased costs, and limited accessibility.Block chain technology, with its decentralized and transparent nature, presents a transformative solution to these challenges.This paper explores the potential of decentralized student loan systems powered by block chain technology, aiming to enhance accessibility, reduce costs, and increase transparency in educational financing.