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.
Prof. Milena Tsaneva, a leading Bulgarian literary historian and critic, has passed away at 95. Born in Sofia to a literary family—her father, Georgi Tsanev, a critic, and her mother, Penka Tsaneva-Blennika, a poet—she grew up surrounded by poets such..
The third edition of Bulgaria's first Latin festival, Ocho Latin Fest, is taking place on 27 and 28 June in Rotonda Square, Sofia Central Station. The festival is entirely dedicated to Latin American music and its subgenres. Its aim is to promote Latin..
Erdoğan–Pashinyan m eeting: A n ew a ttempt at a b reakthrough in Turkish-Armenian relations Turkiye’s President Recep Tayyip Erdoğan met with Armenian Prime Minister Nikol Pashinyan in Istanbul. The meeting took place against..
Velingrad once again invites all fans of Bulgarian folklore to join in a traditional horo chain dance near the town's famous mineral springs. On July..
Until July 13, 2025, Hisarlaka Park near the town of Kyustendil is welcoming thousands of tourists, adventurers and history enthusiasts.The fifth..
The 10th anniversary edition of the Raspberry Festival was officially opened on July 11 in the town of Samokov. The event continues on Saturday, July..
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