Getting education loans will be easier

In Russia the state began a program to support education loans.

Students of any educational organizations, including private can take loan. The loan is issued with deferred payment for 10 years since graduation at 7 per cent per annum and with favorable terms of repayment.

Besides the main credit you can count on collateral. It's the cost of housing, food, books. The interest rate will be minimal and the difference will be returned from the government’s pocket.

It is expected that students will get credits from three banks - Sberbank, the bank “Union"and Rosinterbank.