Gov’t announces loan scheme for 720 students

Ministry of Higher Education has opened up the opportunity for 720 student loans, to study in Maldives and abroad.

Under the loan scheme, opportunities have been offered for both new and present students. Ministry of Higher Education adds that that slots were increased in areas where the demand is higher considering the applications they received in the prior years.

This year's financing scheme allows students to undertake Diploma level courses in the Maldives.

All undergraduate students pursuing degrees through the government's free degree program are encouraged to apply in their respective fields of study and recover any other fees not covered by the plan.

In addition, under the loan aid for higher education and training, top-up loans are also available for students who were not able to complete the program during the given period, owing to factors beyond the student's control.

Furthermore, PhD-level positions are available to train professors in universities, colleges, and polytechnics.

The loan scheme allows students to travel to any country for education and training. Hence, all loan expenses for studying in the indicated countries will be covered. However, Loans for studying in other countries will be granted at the rate set for the student's preferred country from the list of the of the countries indicated by the government.

The government has also opened up opportunities for Individuals who have impairments.

Individuals can apply for the loan through the online portal.

Applications received between 15 February 2023 and 1 March 2023 will be reviewed by the Ministry, and applicants will be given time to make any required changes.

The deadline for applications is 1:30 p.m. on Wednesday, March 15.