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.
The 6 th culinary festival “Crushed beans with nettles and horo dancing” in Cherni Osam village near Troyan brought together crowds of fans of folklore and of traditional cuisine from all parts of the country, the Bulgarian news agency BTA reports...
On June 22, more than 30 chefs from all over the country are gathering in Montana for the folk cuisine festival "Babina Dushitsa" . The culinary festival is part of the program for the celebration of the Day of Montana in..
For the tenth consecutive year in the days around June 21, many countries across the world celebrate the International Day of Yoga. In Bulgaria, from June 15 to 23, a total of 44 settlements, including the largest cities - Sofia, Plovdiv, Stara Zagora,..
Language and cultural workshops "My Bulgarian Summer" once again take the children of Bulgarians living abroad to some of the most..
+359 2 9336 661