In 11 years, less than half of the amount of the guaranteed student loans have been reimbursed to the state. Students refrain from borrowing money because of the high interest rates, although a total of EUR 20 million was earmarked for student loans in 2021. In 11 years, only 1,274 students have applied for a student loan.
Despite the state guarantee, few students apply for student loans, because of the high interest rates. They have to pay 7% interest rate, which equals the interest rate on a consumer loan, Alexander Uzunov from the National Representation of Student Councils told the BNR.
According to Ivan Stoykov, financial expert from the website My Money, it is unlikely that interest rates be reduced, because students may not be able to find a well-paid job after they graduate from the university.
Croatia advises its nationals to postpone non-essential travel to Serbia Croatia’s Ministry of Foreign Affairs has advised Croatian nationals to postpone all non-essential travel to Serbia, national broadcaster HRT reported...
Verka Siderova, the golden voice of Bulgaria and Dobrud zh a, has completed her earthly journey at the age of 99. The sad news was announced by the singer's family. Born on April 26, 1926 in Dobrich (Northeastern..
Teacher-student interaction is in focus during the seventh International "Erasmus+" week, organized by the "Sts. Cyril and Methodius" University of Veliko Tarnovo in support of Bulgarian Sunday schools abroad. The university in..
Colourful, ethereal, and subtle, butterflies are everywhere around us – day and night, in the city and in the countryside. However, zoologists warn that..
Partly Cloudy
Clear
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder