Increase in Credit Loan Amount for Students from June 15, 2017

07:43, 11/07/2024

This is a notable content of Decision 751/QD-TTg by the Prime Minister of the Government of Vietnam dated May 30, 2017, regarding the adjustment of the loan amount for students under Clause 1, Article 5 of Decision 157/2007/QD-TTg dated September 27, 2007.

Adjustment to increase the maximum credit loan amount for students up to VND 1,500,000/month/student (the current loan amount according to Decision 07/QD-TTg dated January 5, 2016, is VND 1,250,000).

The adjustment in the loan amount aims to support students in covering part of their study and living expenses during their study period, in line with the current and future increases in tuition fees and living costs.

The Social Policy Bank shall execute the lending, supervise, and recover the loans in accordance with the current legal regulations.

Decision 751/QD-TTg is effective from June 15, 2017.

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