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Paid education is available

October 25 2005

State Duma deputies promise until the end of the year to pass a bill "On education loan, prepared with the participation of the Russian Union of Industrialists and Entrepreneurs, Association of Russian Banks and the Higher School of Economics. Rates on such loans will subsidize the budget and give their students will have after graduation.

According to the document, students who took the loan may not pay any interest or principal amount until such time has not yet finished school. Credit can be taken as a self-learning - the maximum amount determined by government decree, and on vacation - however, the rate of subsistence.

Rate on student loans will be lower refinancing rate (currently 13%) of 2%. At the same time the bank rate will be 2% higher than the refinancing rate, ie 15%, although if you want banks to lend and at lower interest rates. Difference of 4%, according to deputies, the state should subsidize. In 2006, it will take 400 million rubles. And all expected to issue 100,000 loans a year. Bill MPs are going to take until the end of the year. About this Vedomosti.

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