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Forgivable Loans for Bulgarians

Up to $20,000 forgivable loan financed by America for Bulgaria Foundation

Loans application deadline

Fall semester
May 15
Spring semester
December 15

ABF-SPONSORED FORGIVABLE LOANS

With the special support of America for Bulgaria Foundation, Tokuda Bank offers forgivable student loans to all full-time Bulgarian undergraduate students at AUBG. ABF will cover 20% of the loan principal for every year the student works in Bulgaria after graduation for the period of 5 years.

  • up to
    $5,000
    up to
    $20,000
    per academic year for the full course of study

    The loan can cover payments for

    • Tuition
    • Housing
    • Student activity fee
    • Meal plan
  • If the student works five of the first ten years after graduation in Bulgaria, they will only need to repay the interest accrued. For every year (up to five) the student works in Bulgaria during the repayment period, America for Bulgaria Foundation will cover 20% of the loan principal amount.

    • 6% Annual interest rate
    • 1 year Principal grace period after graduation
    • 10 years Repayment period after principal grace period
  • There are no application and scoring fees, and no need for guarantors. In addition, there is no prepayment penalty and requirements for using other bank products, services and packages.

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