Educational loans
What are student development loans
Advantages:
Student Development Loans are interest-free, collateral-free, and degree-free, and are paid in monthly installments over 1-6 years after graduation, according to a repayment schedule.
Requirements:
Average score of 600 or higher in the general entrance exam of the new recruit Full-time undergraduate student with a GPA of 2.8 or higher Be registered in the higher education management information system At least 15 course credits for that semester Citizens who are studying to acquire a second profession or who have received or are currently studying at a foreign university with the financing of the Education Loan Fund are not eligible for the loan.
Registration materials /students applying for new loans/
Copy of identity card Application form for loan request and repayment Original General Entrance Test Certificate Essay on determining future goals /contribution to society by taking a loan and what results will be achieved by studying the profession
Priority and in-demand professions approved by Government Resolution No. 115 of 2023:
Bio-Medical Researcher Public health researcher Health social worker Occupational health and safety specialist Medical Equipment and Installation Engineer Diagnostic imaging technician Laboratory technician Oral hygienist Pharmacy technician ObstetricsБио-Анагаах судлаач
Resolution No. 346 of 2022 of the Government of Mongolia /ON SOME MEASURES REGARDING FINANCIAL SUPPORT AND GRANTS GIVEN BY THE STATE/
ccording to Article 1 of Government Resolution No. 70 dated February 19, 2020 “On Measures to be Taken Regarding Educational Loan Funds”, “Demand and Priority Professions” included 2 programs: Bio-Medical Researcher and Public Health Researcher therefore, students enrolled in both programs were eligible for Student Development Loans. According to Resolution No. 115 of the GOVERNMENT OF MONGOLIA dated March 29, 2023, priority and in-demand professional areas of development were renewed and according to this resolution, students studying in 10 programs of MNUMS can apply for Student Development Loans.
Law
Student development loans are regulated by Resolution No. 346 of 2022 of the Government of Mongolia /ON SOME MEASURES REGARDING FINANCIAL SUPPORT AND GRANTS GIVEN BY THE STATE/.