Vietnam Student Loan Policy 2019: A Brighter Future

The 2019 student loan policy is considered one of the most effective educational support policies, facilitating access to preferential loans for students in difficult circumstances to cover their study expenses. This article provides detailed information about this policy, helping readers understand the regulations, loan conditions, and application procedures.

Loan Eligibility Criteria under the 2019 Policy

To be eligible for a student loan under the 2019 policy, students must meet the following criteria:

• Be a Vietnamese citizen studying at a public university, college, or vocational school nationwide.
• Have achieved at least a good academic performance in the most recent academic year.
• Come from a poor or near-poor household or be in difficult circumstances as defined by law.

2019 Student Loan Application: Required Documents

The 2019 student loan application requires the following documents:

• Loan application form as prescribed by the Social Policy Bank.
• Household registration certificate, citizen identity card/ID card of the student and guarantor.
• Student confirmation certificate from the school.
• Documents proving family income (if any).

2019 Student Loan Interest Rates: Attractive Incentives

The 2019 student loan policy offers preferential interest rates, lower than commercial loan rates, helping to reduce the financial burden on students.

Specific 2019 Social Policy Bank loan interest rates are stipulated by each bank and may vary from time to time.

Loan Disbursement and Repayment Process

After the application is approved, students will sign a loan agreement with the Social Policy Bank and receive the loan amount on a semester basis.

Students are responsible for repaying the loan after graduation, within a maximum period of 12 months from the graduation date.

Important Notes When Applying for a 2019 Student Loan

For a smooth loan application process, students should note the following:

• Carefully study the loan policy, interest rates, loan term, and repayment methods.
• Prepare all required documents as stipulated.
• Use the loan for its intended purpose effectively.
• Repay the loan on time to avoid incurring bad debt.

Frequently Asked Questions about the 2019 Student Loan Policy:

1. Are freshmen eligible for loans under this policy?

Yes, eligible freshmen are also entitled to loans under the 2019 policy.

2. What is the maximum loan term?

The maximum loan term is equal to the training duration of the course, not exceeding 06 years.

3. At which bank can students apply for a loan?

Students can apply for a loan at the Vietnam Bank for Social Policies.

4. What is the maximum loan amount?

The maximum loan amount under current regulations is 40 million VND/student/academic year.

5. How do I know if my loan application has been approved?

Students will receive a notification from the Social Policy Bank or their university after the application is approved.

Learn more about:

• Nam Dinh Social Policy Bank
• Social Policy Bank of Ke Sach District, Soc Trang
• Militia and Self-Defense Force Benefits

The 2019 student loan policy carries profound humanitarian significance, contributing to creating opportunities for students in difficult circumstances to pursue their educational dreams and improve their lives.

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