Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria reports low demand for student loans

Photo: BGNES

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.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Didi Hatcher

Didi Hatcher from Boston: I'll vote again and again...as many times as I need to

The building of the Bulgarian Center in New England, USA, which also houses the Bulgarian School and the Bulgarian Church in Boston, hosts one of the two election commissions in the area. "Pre-voting applications for this election overall..

published on 10/27/24 3:39 PM

"Vote Hard" for visually impaired people in Bulgaria

People with motor and visual disabilities in Bulgaria face numerous difficulties in moving around and in their daily lives. But apart from purely physical obstacles, there are also obstacles at the level of access to information and administrative..

published on 10/27/24 8:35 AM

Vesko Eschkenazy: Elections are very important, sometimes I just can't stand what I see in this country

"I vote whenever I can and I'm in a place where there is a way to do it," the world-famous Bulgarian violinist and concertmaster of the Royal Concertgebouw Orchestra in Amsterdam Vesko Panteleev-Eshkenazy proudly tells Radio Bulgaria . And today, without..

published on 10/27/24 7:45 AM