Interest Free Student Loan Scheme - 2023

Interest Free Student Loan Scheme - 2023
Offered by Ministry of Higher Education

Interest Free Loan Scheme is an Interest Free Loan, granted to the students who have qualified in G.C.E (A/L) but have not been selected to a State University based on the Z-score to follow a Degree offered by Non-State Higher Education Institutes.

Government provides an interest free loan for students subject to a maximum loan amount of Rs. 800,000 for pursuing degree programs with higher market demand and professional value, which are approved by the Ministry of Education. Further, an interest free loan subject to a maximum amount of Rs. 300,000 can be obtained by the students as their wish to cover the additional expenses.

The interest will be paid by the government on behalf of the students and the capital outstanding should be paid by the students within seven (7) or eight (8) years after completing the degree of three (3) or four (4) years and succeeding one- year grace period of time.

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#18 , Ward Place , Colombo 07

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