Educational loan dept

Discuss with Branch Manager of the lending bank, however, you will have to pay back the loan amount with interest.

You ought to have thought of all this probabilities before applying such loan and interest burden.  The more the delay, the more interest burden due to compounding rate of interest.  Bank is empowered even for attaching the part of salary and proceeding on guarantor.  

Precisely inform what  kind of help you required from members ?   The law is that the amount that is borrowed should be paid with all such agreed interest or face the consequences of such default /NPA brand permanently  and also the additional burden of other incidental costs due to default.  When your salary is Rs.18,000/- on a temporary job  and when you have to repay Rs.14,000/- to others every month, the interest burden on 5.5 lakhs itself amounts to Rs.5,000/- per month without single rupee for sustenance of family. (wife and may be would be children)

Hope those who still want to avail educational loans without any foresight of consequences, if some thing may go wrong, may learn lessons from your experience.  (There were many such posts earlier)