Loans
State-Supported Loans
State-Supported Loans are preferential loans for students issued through the selected credit institutions (banks) for one academic year.
All students enrolled on the first, second and third cycle, integrated and non-degree studies at higher education institutions in Lithuania can apply for a State-Supported Loan.
In cases state below, you cannot get a State-Supported Loan:
- If a total amount of all your State-Supported Loans received, excluding interest, would exceed 385 BSB (Basic Social Benefit (Lith. abbr. BSI) – € 38) – € 14630;
- If you suspended studies or are on academic leave;
- If you already have been granted state-supported loan and fail to fulfill your obligations established by your previous loan agreements;
- If you are an international student (citizen of non EU or non-European Economic Area country) and have not been granted permanent residency in Lithuania (not applicable for foreigners of Lithuanian origins). Permanent residency (permit of a long-term resident of the Republic of Lithuania to reside in the European Community) means a document entitling an alien to reside in the Republic of Lithuania and certifying the alien’s permanent resident status. Permanent residence permit is executed for five years and after this period passes, it may be replaced (http://www.migracija.lt/index.php?-1515816950).
Types of the State-Supported Loans:
Loan to cover tuition fee. Maximum amount equals the yearly tuition fee of the study course you attend. This loan is paid directly to the account of an institution of higher education until July 1.
Loan to cover living expenses. Maximum amount – € 1900 per year. This loan is paid in equal monthly installments until July 1 to the borrower’s personal account (for last year students until graduation);
Loan for partial studies abroad. Maximum amount – € 2280, to be paid all at once to the borrower’s personal account.
More information here
