Hero Background Image

Loans

See the different opportunities available to Bulgarian, U.S. and international students. Loans are also available to finance participation in the Work & Travel program.

Loan Application Deadline

Fall Semester
May 15
Spring Semester
December 15
Contact the Loan Coordinator

Loans for Bulgarian Citizens

Students from Bulgaria can pay for tuition using government-guaranteed loans offered by many banks in the country or cover any AUBG expense through the ABF-sponsored Tokuda Bank forgivable loans.

Tokuda Bank Forgivable Loans
Tokuda Bank Forgivable Loans Image

Tokuda Bank Forgivable Loans

Visit Tokuda Bank
Government-guaranteed Loans
Government-guaranteed Loans Image

Government-guaranteed Loans

Loans for new students
Loans for New Students Image

Loans for New Students

Are you from the EU?

European Union citizens can also take advantage of the government-guaranteed loan program.

Loans for International Students

International students who are not full scholarship recipients and have a CGPA 2.5 are eligible to apply for student loans from First Investment Bank and UniCredit Bulbank.

  • Fibank offers student loans at a 7% interest rate.

    International students can apply for up to 75% of the semester bill (tuition, student activity fee and housing) subject to a maximum of EUR 10, 000 for the duration of the studies. There might be a grace period of up to one year. The repayment schedule can be up to five years, including one year grace period (if granted).

    During the grace period only interest charges are due. Students can repay the loan early at any time.

    Fees

    • Application fee, payable when applying for the loan.
    • Annual management and processing fee.
    • Early repayment fee – 3/12 of APR (annual percentage rate) on the loan.
    • Re-negotiating fee – 1% of the outstanding amount.

    Application procedure

    • Contact the bank in early December/April for the respective semester and fill in the loan application form.
    • Pay the loan application fee (application documents will not be reviewed until the fee is paid).
    • The bank will then contact AUBG Loan Office to confirm your student status and the amount the loan is going to cover.
    • When the loan application is approved, the student must sign a loan contract with the bank. The loan funds will not be transferred to AUBG until the contract is signed by the student.
  • UniCredit Bulbank offers student loans at a 5.99% interest rate.

    International students can cover tuition up to 6,250 BGN (around 3,125 EUR) for each semester, or a maximum of 50,000 BGN (25,000 EUR) for the duration of the studies. The loans are disbursed directly to the student's AUBG account each semester. UniCredit Bulbank and AUBG reserve the right to refuse to provide a student loan at their own discretion.

    Fees

    To get a loan, you must pay an application processing fee of 0.5% on the approved loan amount.

    Repayment

    Only interest payments are due during the grace period, which could be up to 1 year. If you omit an interest payment, you cannot receive another student loan until all past due interest and fees have been paid.

    The full principal amount of the loan plus interest must be fully repaid by the time the student is expected to graduate from AUBG. Deferrals are not granted. You will repay your loan - the principal and interest - in equal monthly installments in accordance with a repayment schedule that you and the bank agree on. If you leave AUBG without graduating, the loan will become immediately due in full.

    Application procedure

    • Contact the bank in early December/April for the respective semester and fill in the loan application form.
    • Pay the loan application fee (application documents will not be reviewed until the fee is paid).
    • The bank will then contact AUBG Loan Office to confirm your student status and the amount the loan is going to cover.
    • When the loan application is approved, the student must sign a loan contract with the bank. The loan funds will not be transferred to AUBG until the contract is signed by the student.
Student Image

Are you from the U.S.?

AUBG participates in the William D. Ford Federal Direct Loan Program which offers low-interest loans for US students and parents to help make university education affordable.

Learn more

Loans for Work & Travel

Work & Travel is an exchange program of the American government that allows students to spend a summer in the States. For years AUBG students have taken advantage of it to help finance their studies and explore the U.S.

 

  • The bank offers up to 10,000 BGN.

  • The bank offers up to 20,000 BGN.

  • The bank offers up to 6,000 BGN to take part in exchange programs (including WaT) offered by Usit Color's.

  • The bank offers up to 5,000 BGN to fund WaT participation or other educational expenses.