What are student development loans?

Student development loans are provided to increase the learning opportunities of students and young people, and to improve the quality and competitiveness of higher education institutions, and an average of 250 students participate each term. Loan requests are accepted every semester and payments are made based on the credit of the course to be studied in that semester. Prior to 2020, loans were granted regardless of major, so all eligible students were open to the loan. According to Clause 1 of Government Resolution No70 dated February 19, 2020 on measures to be taken regarding the Education Loan Fund, "Demand and priority professions" included 2 programs: Bio-Medical Researcher and Public Health Researcher. Students studying in 2 programs were eligible for Student Development Loans. In 2022, the Ministry of Education and Science conducted a survey of popular and leading professions and submitted proposals. When the priority and popular professional areas of development were revised in Resolution No.115 of the Government of Mongolia dated March 29, 2023, 10 programs of MNUMS were included, and the students studying in these programs Student development loans are now available and financial support for students is more accessible..

Advantages:

Student Development Loans are interest-free, collateral-free, and degree-free, and are paid in monthly installments over 1-6 years after graduation, according to a repayment schedule.

Priority and in-demand professions approved by Government Resolution No. 115 of 2023:

Bio-Medical Researcher Public health researcher Health social worker Occupational health and safety specialist Medical Equipment and Installation Engineer Diagnostic imaging technician Laboratory technician Oral hygienist Pharmacy technician ObstetricsБио-Анагаах судлаач

Law

Student development loans are regulated by Resolution No. 346 of 2022 of the Government of Mongolia /ON SOME MEASURES REGARDING FINANCIAL SUPPORT AND GRANTS GIVEN BY THE STATE/.

Requirements:

Average score of 600 or higher in the general entrance exam of the new recruit Full-time undergraduate student with a GPA of 2.8 or higher Be registered in the higher education management information system At least 15 course credits for that semester Citizens who are studying to acquire a second profession or who have received or are currently studying at a foreign university with the financing of the Education Loan Fund are not eligible for the loan.

Registration materials /students applying for new loans/

Copy of identity card Application form for loan request and repayment Original General Entrance Test Certificate Essay on determining future goals /contribution to society by taking a loan and what results will be achieved by studying the profession

Resolution No. 346 of 2022 of the Government of Mongolia /ON SOME MEASURES REGARDING FINANCIAL SUPPORT AND GRANTS GIVEN BY THE STATE/

According to Article 1 of Government Resolution No. 70 dated February 19, 2020 "On Measures to be Taken Regarding Educational Loan Funds", "Demand and Priority Professions" included 2 programs: Bio-Medical Researcher and Public Health Researcher therefore, students enrolled in both programs were eligible for Student Development Loans. According to Resolution No. 115 of the GOVERNMENT OF MONGOLIA dated March 29, 2023, priority and in-demand professional areas of development were renewed and according to this resolution, students studying in 10 programs of MNUMS can apply for Student Development Loans.