The emergence of generative AI technologies has provoked considerable debate among educators regarding their role in education. This study is an investigation of the benefits, disadvantages, and potential strategies for integrating generative AI in educational settings by analyzing societal impacts based on a literature review. We have surveyed the influence of generative AI in education through sources from peer-reviewed journals. The main findings show that generative AI can enhance accessibility and customization in learning for individual learners' needs and pacing. But there are problems with algorithmic biases, discrimination, and data privacy issues, too. This study advocates for mitigating bias, data transparency, and promotion and evaluation of AI policy and research. Generative AI in education hinges on how it is responsibly integrated and observes ethical guidelines, by way of the constant assessment that will guarantee its potential in revolutionizing learning.