{{The Government of Rwanda has made a decision establishing a new student financing scheme to ensure strategic funding of tertiary education and put in place sustainable student loan scheme.}}<\/p>\n
Under the new student loan scheme only students in category 1-2 of ubudehe will receive loan to cover 100% of tuition costs and living allowances, while students in category 3-4 receive loans for 50% tuition fees and do not get living allowances.<\/p>\n
Students in category 5-6 will cater for all expenses on their own.
\nIn old scheme, loan to cover living allowances are given to students in categories 1 to 4 of ubudehe while students in Categories 5 to 6 meet their own living costs.<\/p>\n
The New scheme also establishes that there will be no grants components and thus all funds paid out by Government will be fully recovered.<\/p>\n
Interest rate payable on loan acquired will shift from 5% to 7% while percentage of monthly payments from gross salary until loan beneficiary clears loan due will be at least 8%.<\/p>\n
Under the old scheme Government pays Rwf 26 billion to 7,154 students.<\/p>\n
The new scheme will use Rwf 16.2 billion funding on average of 12,684 students annually.<\/p>\n
It is expected that by 2022\/23 Government will fully phase out of funding the loan scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The Government of Rwanda has made a decision establishing a new student financing scheme to ensure strategic funding of tertiary education and put in place sustainable student loan scheme.}} Under the new student loan scheme only students in category 1-2 of ubudehe will receive loan to cover 100% of tuition costs and living allowances, while […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[474],"hashtag":[],"class_list":["post-6526","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-dusabemungu-ange-de-la-victoire"],"bylines":[{"id":474,"name":"Dusabemungu Ange de la Victoire","slug":"dusabemungu-ange-de-la-victoire","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":474,"name":"Dusabemungu Ange de la Victoire","slug":"dusabemungu-ange-de-la-victoire","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/6526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=6526"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/6526\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=6526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=6526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=6526"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=6526"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=6526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}