Student organizations in Romania are disappointed that the Government hasn’t consulted them on the initiative to subsidize loans for education.

They say such a program would have a significant impact on students and youth in Romania as it could lead to lower public investments in education and higher tuition fees, similar to other countries where such a measure was implemented, local Mediafax reported.

The Government plans to adopt an emergency ordinance to subsidize loans for citizens between 16 and 55 who are enrolled in a form of education. The state will cover the interest rates and other lending fees and guarantee 80% of the loans’ value. Some 8 million citizens could benefit from this program, according to deputy prime minister Viorel Stefan.

Romanian Govt. to grant zero-interest loans for personal development

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