Pinched Students Can Borrow up to VND800,000 a Month

Tomorrow's doctors practice in a lab of the HCM City University of Medicine and Pharmacology.  (Photo: Mai Hai/SGGP)

University and college students in straitened circumstances can borrow up to VND800,000 a month at 0.5% monthly interest under the government’s new student loan policy. 

A decree to this effect was signed yesterday by Deputy Prime Minister Nguyen Sinh Hung.
 
Every loan applicant will be means-tested and must submit written confirmation of their lowly financial status from their local people’s committee.
 
They must also submit their university entrance exam results and a character reference from their lecturers. 
 
To help impecunious students get to and from school, the Student Support Center is teaming up with Motorola Vietnam to start a free bus service between the center of Ho Chi Minh City and the university campuses in Thu Duc District.
 

 

By Staff Writers – Translated by Xuan Huong

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