“Because of the sanctions, the interest rate environment has deteriorated significantly, however, even in this difficult economic situation, the interests of students must be protected, and it must be ensured that those who want and are able, regardless of their financial capabilities, wrote in its announcement, the Ministry of Economic Development, that in light of the environment The current interest rate and according to the current rules is the interest on a student loan It should go up to 14 percent.
The government has decided to continue to maintain a large interest rate subsidy on the Free 1 Student Loan, so that starting from July 1, 2023, customers, student borrowers and students who have already graduated will have to pay an interest rate of only 7.99 percent instead. of interest rate 14%
– writes the ministry.
The government also confirmed by order that it had raised the interest rate on student loan 1 from 4.99 percent to 7.99 percent effective from July. The measure will be in effect until December 31, 2023.
The Training Loan and Student Loan 2 will continue to be available without interest. Currently, about 200,000 people use the products managed by the Student Loan Center, half of which are Free Student Loans users1.
In the announcement, it was also said that in addition to the subsidized loan, from July 1, student borrowers will be able to open a student loan checking account on more favorable terms than ever, since commercial banks offering student loan accounts have to provide, for example , monthly account management, use of the electronic services interface, monthly bank statement, and use of the relevant bank card.
