Ministry of Education Interest-Free Student Loan Scheme
Interest Free Loan Scheme has been introduced by the government to expand higher education opportunities for the students who are unable to secure a placement in State Universities although they have qualified in G. C. E. (Advanced Level) Examination, to achieve their higher education aspirations. This scheme facilitates studying following degree programmes at SLIIT
How to Apply?
Qualified applicants should submit their applications using the web portal
www.studentloans.mohe.gov.lkPlease read the Student Guide Book for more details available in the above web portal
RS. 800,000.00 WORTH INTEREST FREE LOAN
Loan payment period is 8/7 years after completing the degree of 3/4 years respectively with additional one year grace period. Payments are not required to be made during the study period
Students who follow the Bachelor of Education (B.Ed.) degree and serve for 7 years as a teacher in a government school in a difficult area will be eligible for a waive off of the full loan amount taken under the above scheme Students are also eligible for a stipend of Rs. 75,000.00 per annum which can be utilized for accommodation and meals if studying in an institute far from home.
Minimum Qualifications for Admission:
- Qualified in G.C.E (A/L) Examination but have not been selected to a State University
- Have obtained minimum 30 marks for the Common General Test
Show Eligible Degrees
BSc (Hons) in Information Technology Artificial Intelligence
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Duration
4 Year(s)
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Dates
Weekdays/Weekends
BSc Engineering (Hons) Civil Engineering
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Duration
4 Year(s)
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Dates
Weekdays
FAQs
Answer: Yes, SLIIT provide the opportunity for students eligible for “Interest-Free Student Loan Scheme” offered by the Ministry of Education for selected degree programmes. Eligibility and availability are subject to government guidelines and annual intakes.
Answer: Students must apply directly through the Ministry of Education when applications are open. Once selected, students can enroll at SLIIT under the approved programme and follow the loan agreement terms set by the government.
Answer: Only selected UGC-approved degree programmes at SLIIT are covered under the government loan scheme. The list of eligible programmes may vary each year depending on the Ministry’s selection. The Enrollment Division can provide the most up-to-date information during the application period. Contact Student Enrollment division for most updated details: Phone +94 11 754 4801
Answer: The Interest-Free Loan Scheme typically covers tuition fees only. Other expenses such as
registration fees, examination fees, and personal living costs must be managed by the student. Exact details are provided by the Ministry at the time of selection.
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