The Committee on Science and Education recommends that the Parliament adopts the Bill on Student Loans

16 March 2010, 12:21

The Bill (Reg. No. 1084) introduces a special type of loan student loan, and determines its specificity (credit arrangements, credit amount, period of regular bank transfers, etc).   

Pursuant to the Bill, the State undertakes to make student loans more affordable and cheaper at the expense of partial compensation of interest rate in the amount of discount rate of the National Bank of Ukraine. In exceptional circumstances, the State shall bear secondary liability after the bank for the arrears of credited party. 

The participants of the student loan scheme (agent banks, insurance companies) shall be chosen in a transparent way at the open biddings. The State shall determine the requirements and criteria for the potential participants of student loans in advance.