Forgivable Loans for Bulgarians
Up to $20,000 forgivable loan financed by America for Bulgaria Foundation
Loans application deadline
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.
per academic year for the full course of study
The loan can cover payments for
- Student activity fee
- Meal plan
If the student spends 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.