TAIPEI, Taiwan -- The Ministry of Education (MOE) yesterday approved a set of revisions to rules governing loans to students to finance their advanced studies abroad, with those students whose annual family incomes are under NT$1.45 million to apply for the loans, up from a previous ceiling of NT$1.2 million.
This means more students will be allowed to apply for low-interest loans to support their overseas study programs. The interest rate is set at 3.45 percent per annum.
The MOE is scheduled to publicize the revised lending program in mid-October, when it will also inform six domestic banks to offer such education loans. [View Full Article]
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