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Around 50,000 university students benefited from loan payment postponement — minister

By JT - May 20,2019 - Last updated at May 20,2019

Minister of Higher Education and Scientific Research Walid Maani on Sunday says that around 50,000 students have benefited from the Cabinet’s decision to postpone loan payments for students until they are employed (JT file photo)

AMMAN — Minister of Higher Education and Scientific Research Walid Maani on Sunday said that around 50,000 students have benefited from the Cabinet’s decision to postpone loan payments for students until they are employed.

Maani pointed to another Cabinet decision that allocates all of the government’s monetary support to the Student Support Fund into scholarships that students will not have to repay, the Jordan News Agency, Petra, reported.

He highlighted that the government supports the fund with JD20 million annually, which will benefit around 20,000 students during the 2019-2020 academic year.

The minister said that scholarships are awarded to beneficiaries of the Student Support Fund who demonstrate academic excellence, given that they are not funded by other sources or scholarships.

He added that scholarships will be awarded to students enrolled in the regular programme, across all majors and from all regions, according to Petra.

Students who had previously taken out loans to fund their studies and whose payments are due will have to pay them accordingly, on the condition that they have already graduated, Maani said.

“On the other hand, students who have not completed their studies and have not yet found employment will be allowed to benefit from the loan postponement decision,” he said

Maani said that the ministry is currently in negotiations with various local and international institutions to establish a new mechanism with which facilitated loans can be offered to students.

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