In 11 years, less than half of the amount of the guaranteed student loans have been reimbursed to the state. Students refrain from borrowing money because of the high interest rates, although a total of EUR 20 million was earmarked for student loans in 2021. In 11 years, only 1,274 students have applied for a student loan.
Despite the state guarantee, few students apply for student loans, because of the high interest rates. They have to pay 7% interest rate, which equals the interest rate on a consumer loan, Alexander Uzunov from the National Representation of Student Councils told the BNR.
According to Ivan Stoykov, financial expert from the website My Money, it is unlikely that interest rates be reduced, because students may not be able to find a well-paid job after they graduate from the university.
From today until 28 October, Vidin will transform into a cultural hub to celebrate its patron saint's day - St Dimitar's Day (Dimitrovden). The new festival, “October Arts Days”, features a rich programme combining music, theatre, visual arts, and..
The virtual space where you can find information about Bulgarian restaurants in Berlin, the services offered by Bulgarian craftsmen, as well as addresses and phone numbers of doctors working in the country, is the work of two Bulgarians who settled in..
When a contribution in the sphere of science is transformed into the basis for subsequent in-depth research the boundaries between countries and continents seem to melt away – literally and figuratively. That is precisely what happened during a..
Switzerland is one of the smaller Central European countries on the Old Continent. It consists of twenty-six cantons with a population of about 9 million..
At the outset of the war between Russia and Ukraine, the Bessarabian Bulgarians across all lands marked their national day with prayers for peace. Nearly..
Nearly two centuries ago, in the distant 1838, the Bessarabian Archbishop Dmitry Kishinev and Khotinsky consecrated the magnificent Orthodox church "The..
Partly Cloudy
Clear