Student Loan Interest Rates to Decrease, Ministry of Education Announces

Student loan interest rates will decrease. This was announced by the Ministry of Education and Science of the Republic of Armenia.

✅ The maximum annual amount of the provided loan will increase from the current 450,000 AMD to up to 700,000 AMD.

✅ Student loans will be available for high-achieving students at an annual maximum interest rate of 6%, while for other students, the maximum interest rate will be 7% per annum.