Podcast in English
Text size
Bulgarian National Radio © 2025 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

Letters without borders – Bulgarian children from abroad took part in a reading competition in London

At the end of the past week, 53 children from 21 Bulgarian Sunday schools participated in the ninth edition of the international reading competition in Bulgarian "Az Buki Vedi" for first and second grade students, which took place in..

published on 6/24/25 8:42 PM

The Bulgarian Centre in Billerica needs a contractor for a building expansion.

The engineering plans for the expansion of the Bulgarian Centre in Billerica, New England, USA (BCNE), are ready. According to information from the centre's Facebook page, cited by BTA, the centre and the Bulgarian Church 'St. Petka' are now looking for a..

published on 6/24/25 6:22 PM

Dams are at critically low levels, yet this is not the cause of the water shortage in Bulgaria

Summer, high temperatures, holiday mood. But unfortunately, summer brings not only positive emotions, but real and very serious problems. For example, last year, over 400 settlements throughout Bulgaria, including several major towns, remained "dry" or..

published on 6/24/25 2:25 PM