Thursday, February 14, 2013

Loans for Sri Lankan university students

The Sri Lankan government is taking measures to provide loans and financial assistance to the university students entering the universities for higher education.
Minister of Higher Education S.B. Dissanayeke states that loan facilities for students receiving higher education would be provided in future without placing property or persons as guarantee.
The government says students entering universities from low income families currently receive financial assistance through University bursaries or through the Mahapola Scholarship Fund but those funds are inadequate for their academic activities and professional courses.
Also they face numerous difficulties in obtaining bank Loans for their higher educational needs.
To alleviate the problem, Minister of Higher Education S.B. Dissanayake has proposed a new act called Human Capital Development Finance Act to provide bank loans to the needy students.
Under the proposed measure, the students from low-income families could obtain loans from banks for their academic activities.
Once they are employed after graduation, the students are mandatory required to pay back the loans through their prospective employers from their monthly salaries.
Speaking during a media briefing held today (February 14)Minister S B Dissanayeke said that a new bill called Human Capital Development Finance in this regard would be presented before parliament during the course of the next month.


  1. The Sri Lankan government should offer students courses of study which will enable them to be employed once they qualify. It is more important than giving loans and a batch of unemployable graduates coming out of state universities into the market every year.

  2. Many Sri lankan students who are suffering with financial dissabilities need some kind of aid to complete their GDE.But offering them a loans or financial aid is not the proper way to improve them,Re managing the Campus sylabuses giving a more opportunity to work in a job is the way that should be done.Leaders of the future should not depend on money that easyly provided by the taxces & duties that been collected by themselfs.

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