High school graduates can avail student loan online

High school graduates can avail student loan onlineLast year’s class XII students can now avail student loan, under education ministry’s scheme, online. Students who scored 50 percent aggregate and from economically-challenged backgrounds are eligible.

The Chief Programme Officer of the Department of Adult and Higher Education, Rinzin Wangmo, 110 students will be selected under the scheme, this year. Of the total, 11 will be sent to India and the rest to different colleges in the country.

“Students will have to start repaying the loan two years after graduation. It will have to be paid within 15 years.” Rinzin Wangmo said if a student fails to graduate, the amount will have to be paid back in lump sum.

The ministry will start accepting online applications from April 30 until May 20.

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