Daily webcast

Bulgarian National Radio © 2021 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.

More from category

This year’s World Meeting of Bulgarian Media to take place at Rila Monastery

The organizers of the 16 th World Meeting of Bulgarian Media have chosen an unusual time and place for it. Instead of in the spring, this year it is taking place from the 16 th to the 19 th of October, on the eve of the day of St. Ivan of..

published on 10/16/21 11:35 AM

Bulgarian folklore on stage in Seville

A concert of Bulgarian folk bands and soloists is part of the accompanying program of the Festival de las Naciones in Seville, Spain. For a more than two months (25.09-01.11) the festival presents world music, folklore, jazz, traditional..

published on 10/15/21 6:15 PM

Balkan Developments

Serbia believes it is not obliged to buy weapons from the United States and Europe Serbia will continue to arm itself with Russian, Chinese and other weapons, President Alexander Vucic said. The statement comes despite fears in..

published on 10/15/21 2:54 PM