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.
Bulgaria’s successes at international science Olympiads in 2024 can be seen in an exposition entitled “Fantastic minds”. Inaugurated to mark Awakeners” (Enlighteners”) Day, 1 November on Lovers’ Bridge near the National Palace of Culture in Sofia,..
Leading researchers and lecturers from the St. Kliment Ohridski University in Sofia and the Institute of Astronomy and National Astronomical Observatory of the Bulgarian Academy of Sciences will be paying a visit to the Museum of Natural History in..
The village of Oryahovitsa, Stara Zagora region, today celebrates its symbol - the walnut tree. There will be a Festival of the Walnut with a varied programme featuring the Kazanlahsko Nastroenie (Kazanlak Cheer) Orchestra, the soloist of..
The nature protection organization WWF - Bulgaria is launching a campaign entitled "Subscribe to Nature". The disappearance of wild animals..
There is no exact statistic on the number of Bulgarians living abroad, but a report from the Ministry of Foreign Affairs from last year indicates that..
The program of the Orthodox Book Week offers meetings with authors, publishers and translators of Orthodox books from the last few years. The event is..
Partly Cloudy
Mostly Cloudy
Clear