Loan payment period is 8/7 years after completing the degree of 3/ 4 years respectively with additional one year grace period. Payments are not required to be made during the study period
Minimum Qualifications for Admission
At least Simple (S) passes in A/L in 2018/ 2019/ 2020 for all three subjects in one and same sitting and not exceeding three sittings (Entry criteria differs for each degree program)
And
– Minimum 30 marks for Common General Test
Students who follow the Bachelor of Education (B.Ed.) degree and serve for 7 years as a teacher in a government school in a difficult area will be eligible for a waive off of the full loan amount taken under the above scheme
Students are also eligible for a stipend of Rs. 75,000.00 per annum which can be utilized for accommodation and meals if studying in an institute far from home.