11:24 - 15.05.2024

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May 15, Fineko/abc.az. Changes have been made to the procedure for giving educational student loans at the expense of the Student Loan Fund.

ABC.AZ reports that in this regard, Prime Minister Ali Asadov signed the decision.

According to the decision, the circle of students eligible to use the social education student loan (ESL) is expanding from the first semester (half-year) of the first academic year of study:

- recipients of a labor pension due to the loss of the head of the family;

- recipients of social benefits in connection with the loss of the head of the family;

- persons, one of whose parents is recognized as disabled due to a violation of bodily functions by 81-100 percent, and the other parent - due to a violation of bodily functions by 81-100 percent or for caring for disabled people under the age of 18, receiving a scholarship from the Azerbaijani President;

- persons serving a sentence of imprisonment for a certain period, life imprisonment or restriction of liberty, while the other parent belongs to any of the categories mentioned in these Rules.

According to the decision, the application of the benefits envisaged by these Rules for the return of ESL is carried out through the electronic system in the following order:

- confirms the information about the ESL (intermediate assessment score for students in vocational educational institutions) entered by the borrower into the electronic system for all academic semesters (half-years) during the standard period of study, reinforced by the electronic signature of the responsible person of the educational institution;

- The Fund, having considered the information received through the electronic system, within 3 (three) working days decides on the application of the benefits envisaged in these Rules. On the day of making this decision, it is transmitted to the electronic system and placed in the student's “personal account”;

- after the authorized bank receives the information specified in this procedure through the electronic system, appropriate changes are made to the loan agreement with the borrower within 3 (three) business days, and these changes are transmitted to the electronic system.