The Bulgarian Government is considering constituting an Agency for Student Loans
Last update: 2009-01-09 11:34:21
As a measure against the global financial crisis the Bulgarian Government is considering to constitute an Agency for Student Loans. According the Minister of Education Mr Daniel Valchev this is the last possible option to secure student loans. He expects that he will have a resolution in a few weeks time.
The act for student credits was passed this summer. It was agreed that the Government will pay half of the monthly interest to the bank. Due to the global financial crisis the Banks' association in Bulgaria asked for increase of the interest. Still the negotiation are running and there is no certain position.