This programme is an alternative tool for education financing enabling students to receive loans during the studying and to repay the loans after graduating.
The loans are provided to students with an annual interest rate of 12%, 2% of which is subsidized by the state. Subsidy by the state will make up 3% for the students with high performance .
The loans are provided with a maturity of up to 10 years, with a grace period of maximum 4 years, meaning that during this period only the interest rates are paid.
Each student is provided with a total amount of AMD 1.800.000 with 4 tranches not exceeding AMD 450.000 depending on the tuition fee for each profession.
For more information on the programme you may apply to "Home for youth" refinancing credit organization.