US EditionAssembly Finalises Student Revolving Loan Bill – The Standard Newspaper
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8 Articles
The Student Loan1 scheme can also be used in the second half of 2025 at an interest rate of up to 7.99 percent.
Assembly Finalises Student Revolving Loan Bill – The Standard Newspaper
By Arret Jatta The Students Revolving Loan Scheme which aims to provide an alternative funding source for students ineligible for government scholarships, to ensure broader access to tertiary education in the country, is at consideration stage in the National Assembly. The bill was first introduced in June last year by the Minister of Higher Education, Research, Science and Technology, Prof Pierre Gomez. In Clause 4, the bill calls for assistanc…
According to the government's decision, student loan agreements concluded until December 31, 2024 will continue to be protected by the government with an interest rate freeze, so in these cases the free Student Loan1 scheme can be used at a maximum interest rate of 7.99 percent in the second half of 2025.
The government is extending the interest freeze on unrestricted student loans for another six months. However, this measure only applies to student loans taken out by the end of 2024. They will still have an interest rate of 7.99 percent, while those who took out or will take out loans in 2025 will have an interest rate of 9.65 percent.
Heti Világgazdaság
Magyar HangThe 7.99 percent interest rate on student loans will remain.
The government will extend the interest freeze on student loans taken out until the end of the year, the Ministry of National Economy announced on Tuesday evening. According to the government's decision, loans taken out until December 31, 2024 ... ...
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