The
Hanoitimes - The monthly education loan for students has been raised to VND1
million from an earlier VND900,000, and a student can now apply for a loan of
VND10 million (US$476) for one academic year.
This decision was made by the Prime Minister
on August 1 to facilitate the credit assistance program for students in the
country.
The Vietnam Bank for Social Policies said that
the capital amount for the credit assistance program for students for the
2011-2012 academic year is available and ready to be transferred to the various
regions as per requirement.
The available fund for the first semester of
this year is estimated to reach VND5 trillion (US$238 million).
The loan interest on the student education
loan has also been increased from 0.5 percent to 0.65 percent a month.
Nguyen Van Ly, deputy director of the bank,
said that tedious and lengthy procedures to obtain the loan in previous years
would now be eased from this year.
Whenever a student requires a loan, it will be
readily available after all essential requirements are met. Any other drawbacks
like disadvantaged conditions will have to be forwarded in a written
confirmation, by commune authorities and concerned schools.
ATP
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