Interest Free Student Loan Scheme

The Ministry of Education introduced the Interest-Free Students’ Loan Scheme under the Government budget proposal for 2017. The objective was to expand higher education opportunities for students with the partnership of Non-State Higher Education Institutes (NSHEIs). Six intakes were already enrolled, and the first two batches already completed their degrees.

The seventh intake is now open for those who have qualified in the G. C. E. A/L examinations in 2019, 2020 or 2021.

The loan covers the fee for the institution and a stipend for students.

The loan is granted only for selected high-demand and readily employable degree programmes

Yes. Regardless of the A/L subject stream, you can select any degree programme offered at Saegis Campus under this scheme.

Any student who would like to change the A/L stream and follow a computing honours degree at Saegis Campus can register and follow the bridging programme offered by us free of charge.

In addition, we offer additional English classes free of charge for all students following degree programmes

You can start paying this loan one year after completing the degree in 84 monthly instalments for a 4-year degree (96 Monthly instalments for a 3-year degree).

The Government pays the interest.

Yes, needy students can be facilitated with secure, comfortable hostel facilities.