Central Bank of Russia to assist USU students with loans
A ceremonious signing of a cooperative agreement between Ulyanovsk State University and the Central Bank of Russia took place on April 3 in USU administrative building.
This step is part of the initiative launched by the Russian president aiming to ensure financial support to college students hit by the credit crunch.
Head of the regional bank branch Vyacheslav Bezrukov shared with staff and faculty in attendance details of the education loan terms.
The new agreement will enable USU students to obtain loans at a 12% rate for up to 11 years. Credit will be extended to both working students and parents of underage students.