Available Student Loan Programs

ABF-sponsored Forgivable Loans from Tokuda Bank

With the special support of the America for Bulgaria Foundation, Tokuda Bank now offers forgivable student loans to all full-time Bulgarian undergraduate students at AUBG.

All AUBG Bulgarian students can apply for Tokuda Bank student loans which
cover different aspects of their studies and student life (tuition, living expenses, meal plan and etc.). You can borrow up to $5,000 each academic year and up to $20,000 for the duration of your studies. Thanks to the support of America for Bulgaria Foundation, for every full year within the repayment period that you stay and work in Bulgaria, the foundation will cover 20% of the principal amount of the loan. Learn more here.

Government-guaranteed Student Loans for EU Citizens

All Bulgarian and EU students are eligible to apply for government-guaranteed student loans upon commencing their education at AUBG. These loans have an interest rate up to 7% per year and are up to the full amount of tuition for a maximum of eight semesters of AUBG attendance. You can find more information about the government-guaranteed loans, the banks, participating in the program and the application procedure here .

Student Loans for International Students

AUBG has entered into agreements with commercial banks to provide partial funding to cover the cost of attendance. All full-time, degree-seeking students in good academic standing, who are not recipients of full scholarships are eligible for these loans. More detailed information about the banks, participating in this loan program, the loan conditions, and banks' contact information can be found here .

Student Loans for Entering Students

A new loan option for financing the first-semester tuition fee at AUBG has been made available especially for all newly accepted Bulgarian students. They will have an opportunity to finance their initial educational expenses and make their academic journey an affordable endeavor through a custom-designed type of consumer loan. Students can take advantage of this loan option until they become eligible to receive a government-guaranteed student loan, which will be used to repay the abovementioned consumer loan. You can find more information about the new loan program here.

Loans for US Students

US Federal Loans - The American University in Bulgaria participates in the William D. Ford Federal Direct Loan Program. We are Title IV-approved (code G034423) by the United States Department of Education to participate in the federal Direct Loan Program and administer loans to American citizens and permanent residents. This loan program gives our students access to Subsidized Direct, Unsubsidized Direct, Parent PLUS and Graduate PLUS loans. The US Department of Education lends money directly to students through the student’s school( AUBG).

US private student loans - Before applying for a private loan, students are encouraged to apply for the maximum amount they are eligible for in US Federal Loans, as these loans are often cheaper, and most American students are eligible for them. American University in Bulgaria will work with whichever private lender you decide to use. Please be aware that Sallie Mae is the only lender we are currently aware of that is willing to lend to students at a foreign school.

Students who are interested in a student loan should apply by December 15 for the Spring semester and by May 15 for the Fall semester. 

All loans must be transferred to the student account at AUBG before the payment deadline - August 10 for Fall and January 10 for Spring semester. If the loan amount is received after the deadline, a late payment fee will be applied.

In case the loan is not approved by the payment deadline, the student may be allowed to sign the loan contract after the payment deadline but no later than the first two days of the Add/Drop week (a late payment fee will apply). 

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