Bulgarian Universities Granted BGN 21 M More in State Subsidy
Bulgarian colleges and universities will receive an additional state subsidy of BGN 21.5 M, according to Education Minister, Aneliya Klisarova.
The decree has been approved at the meeting of the Council of Ministers Wednesday.
The portion of the subsidy for each of a total of 33 schools will be bound with the quality of education it provides, according to Klisarova.
Sofia University will get BGN 3.2 M, the Medical University and the Technical University in Sofia – BGN 3 M each, the University for Architecture, Construction and Urban Planning – BGN 1.35 M, the Sports Academy and the University for National and World Economy – over BGN 0.5 M each.
The government has further approved and issued BGN 40 M in state guarantees for student loans, which are currently granted by 4 banks, while the interest rate will not exceed 7%, Klisarova said.
- » British Government Not To Stop Cheap Student Loans Despite Brexit
- » Bulgaria's Education System Faces Severe Cadre Crisis Due To Retirement of Teachers
- » 10% of Sofia Univeristy Places Remain Vacant After Third-Round Admission
- » Procedure for Recognition of EU Higher-Education Diplomas Simplified
- » 900 Fewer First-Graders in 2016
- » Vacant Places at Bulgarian Universities for Another Consecutive Year