More universities support students with loans at preferential interest rates

In the 2023-2024 school year, some universities will implement loan programs and tuition loans with preferential interest rates for students.

Thêm trường ĐH triển khai cho vay sinh viên lãi suất 0% - Ảnh 1. — Admitted students complete admission procedures

Ho Chi Minh City University of Technology: 0% interest loan

Ho Chi Minh City University of Technology announces a loan guarantee and interest support program for students paying tuition fees for the 2023 school year. This 0% preferential interest loan program is implemented by the Phu Tho-Bach Khoa Alumni Community Representative Board (BKA) through Vietcombank .

Students in the school's standard program can borrow for up to 2 years, reviewed once per semester based on academic results. Specifically, students in years 1, 2, 3 have a loan term of 2 years from the date of disbursement. Students from year 4 onwards have a loan term of 1 year from the date of disbursement. Students are obliged to repay the loan within 30 days if the school decides to drop out or decides to graduate even before the deadline.

The loan amount is equal to the school's prescribed tuition fee and is disbursed each semester.

Conditions for loan guarantee for new students include: admission confirmation, priority given to students with difficult circumstances. Students in the remaining years need to have a cumulative average score of 5.0/10 and a training score of 80/100 or higher.

In particular, students with academic results from 8.0/10 and training from 90/100 during the loan guarantee period will be considered for a scholarship equal to 50% or 100% of the loan depending on the student's circumstances, efforts and program budget.

Students must pay 6-8% interest per year to the bank, and all interest will be supported by BKA to students immediately after students complete their interest payments to the bank. Students must register by October 8.

Thêm trường ĐH triển khai cho vay sinh viên lãi suất 0% - Ảnh 2. — More and more universities are implementing loan guarantee and interest support programs for students.

Ho Chi Minh City University of Economics : 2 forms of study credit

In 2023, Ho Chi Minh City University of Economics (UEH) has developed and implemented a learning credit program for new students of the 49th regular university course.

The program is implemented with banks in 2 forms: Tuition loan for a maximum period of 3 months, the school supports interest rates for 130 students at the lowest interest rate applied at participating banks to support students.

The form of installment payment of tuition fees via bank credit card with 0% interest rate is implemented through the credit card issuance level. The school will also support the installment conversion fee for 130 students according to the lowest installment conversion fee between banks.

Previously, the Ho Chi Minh City National University Development Fund implemented a preferential study loan program with a 0% interest rate applicable to full-time students of the first degree program of this University. Accordingly, students can borrow a maximum amount equal to the tuition fee of the first semester of the 2023-2024 school year, but not exceeding 20 million VND/semester. The loan period is calculated from the date the student receives the first loan amount until the date of full repayment of principal and interest, if any. Students must repay the principal for the first time immediately after having a job and income, but not more than 12 months from the end of the course (including cases where they do not have a stable job).

In addition to universities, students with difficult circumstances are eligible for a maximum loan of 4 million VND/month (equivalent to 40 million VND/10-month school year) according to regulations of the Prime Minister . Students from poor or near-poor households according to the law and households with an average living standard according to the law can participate in this program. From the date of completion of the 12-month course as prescribed, students who receive loans must repay the principal and interest of the loan for the first time.

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