Education Law24 Aug 2023 08:53

Education Loans: Who, How Much, and How to Get One?

WHO, HOW LONG, AND HOW IS AN EDUCATION LOAN GIVEN?

✔️ Legal basis: Resolution of the Cabinet of Ministers 'On measures to regulate the allocation of educational loans for studying in higher education organizations on a fee-contract basis' (№527, 18.08.2021).

✔️ Loan amount: Given in the amount of the contract sum, depending on the student and field of study.

✔️ Borrowers: Parents of undergraduate and graduate students or the students themselves.

✔️ Loan term: Duration of study + 3-year grace period, then repaid within 10 years. The interest rate is 0% for girls, and for boys, it is at the refinancing rate of the Central Bank.

✔️ Required documents: Passport, copy of the contract, payment schedule, bank guarantee. Applications are submitted through my.gov.uz or banks.

✔️ Early repayment is allowed.

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