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.
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..
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..
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..
The consulates of a country abroad are usually seen simply as the place where citizens go when they need assistance—whether to obtain documents or resolve..
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