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.
After the start of the school year – in Bulgaria it is always on 15 September – comes the start of the new academic year for university students, with most higher educational establishments in the country opening doors on 1 October. In that two-week..
For the first time Bulgaria was represented at the World Paella Day in Valencia . Nikolay Todorov-Nik, together with Rostislav Nenov, presented Nik's original recipe for Black Sea Paella, prepared entirely with Black Sea products. The first prizes went..
The cultural festival "Mysteries of Huhla 2024" is being held for the 26th consecutive time in the village of Huhla near the town of Ivaylovgrad. Until September 23, three ethnic groups—Bulgarians, Greeks and Turks—gather in the central square of..
+359 2 9336 661