Why is an education loan in India good for students

Under section 80(e) of the Indian income tax act, a person can exempt the amount paid against the interest of the education loan - either for self or for his/her spouse or children - for eight years from the year (s)he starts to repay the loan or for the duration the loan is in effect, whichever is lesser. education loan is becoming popular day by day because of rising fee structure of higher education. Any body wants to study MBA Courses in india or B tech courses in india they can benefits for education loan system.