Advanced Search

Decision 157/2007/qd-Ttg Dated: About Credit For Students, Students

Original Language Title: Quyết định 157/2007/QĐ-TTg: Về tín dụng đối với học sinh, sinh viên

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Pursuant to the law on organization of the Government of 25 December 2001;

Pursuant to Decree No. 78/2002/ND-CP dated 10 October 2002 by the Government on credit for the poor and other policy objects;

Considering the recommendation of the Minister of finance, DECIDES: 1. Scope.

Credit policy for students, students apply to support for students, students in difficult circumstances contribute to cover costs for learning, student activities, student in time to include. tuition fees; the costs of purchasing books, learning, costs of eating, in, go back.

Article 2. The object to get the loan.

Students, disadvantaged students enrolled at the University (or equivalent), College, professional and vocational training establishments were established and operated in accordance with the law, including Vietnam.

1. Students orphaned students, both parents or orphaned father or mother but the rest cannot afford labor.

2. Students, students who are members of the households belong to one of the objects.

-Poor households according to standard rules of law.

-Household per capita income by 150% maximum per capita income levels of households in poverty according to the provisions of the law.

3. Students, students whose families meet financial difficulties due to accident, illness, natural disasters, fire, epidemics during the study of people's committees of communes, wards and towns where residents.

Article 3. Method of lending.

1. The loan for students, students are made according to the method of loan through household. Representatives of households is the direct loans and who is responsible for repaying the Bank of social policy. Student case orphaned students, both parents or orphaned father or mother but the rest cannot afford labor, are borrowing directly in the social policy bank where the school headquarters.

2. Delivery of social policy Bank made loans for students, students.

Article 4. Loan conditions.

1. Students, students who are living in households of legal residency locally where lenders have standards prescribed in article 2 of this decision.

2. for students, first year students must have graduated or are enrolled by the school.

3. for students, students from the second year onwards must be certified by the school on the campus and are not sanctioned over administration of the acts. gambling addiction, smoking, theft, smuggling.

Article 5. Loan.

1. the maximum loan is 800,000 VND/month/students, students.

2. social policy Bank regulations specific lending levels for students, based upon student tuition fees of each school and living expenses by region but does not exceed the level of loan prescribed in clause 1 of this article.

3. When the State's tuition policy changes and price fluctuations have active social policy Bank, consistent with the Minister of finance the prime consideration, decided to adjust the loan.

Article 6. The loan term.

1. The loan term is the period of time is calculated from the date the object was starting to get loan the loan until pay off debt (principal and interest) are recorded in the credit contract. The deadline for the loan including the broadcasting term loan and repayment period.

2. The time limit for play money is the period of time from the date the object was first accepted loans until students, students finish the course, including students, students are allowed schools school term and retain academic results (if any). The broadcasting period is divided into the loan term loan player due to social policy bank regulation or agreement with the object to be loans.

 3. repayment period is the period of time from the date the object was the first debt loans on to pay off debt (principal and interest). For the training program have training time not exceeding one year, the maximum repayment term by term loan Player 2 times, for other training programs, the maximum repayment term by term loan player. The repayment period is divided into the term of repayment by the Bank the social policy provisions.

Article 7. The interest rate for the loan.

1. preferential interest loans for students, student is 0.5% per month.

2. Interest on overdue debt are charged by 130% interest loans.

Article 8. Loan records, sequences and procedures for loans, repayment.

Social policy Bank loan records rules, sequences and procedures for loans, repayment of guaranteed simple, clear, easy to implement.

Article 9. The loan principal and interest repayments.

1. within the loan player objects are not loans to repay principal and interest; the loan interest rate is calculated from the date the object was first accepted loans to pay off debts on the root.

2. get the loan object must repay the principal and interest loan first time right after the student, students have jobs, incomes but not more than 12 months from the date the student, students finish the course.

3. repayment Level each time by the Bank of social policy guidelines and are consistent in the credit contract.

Article 10. Preferential interest rates in case of repayment before maturity.

The case for repayment before maturity has pledged in the agreement to pay the interest credit will be reduced by the interest rate of the loan. Social policy Bank specifies preferential interest rates in case of repayment before maturity.

Article 11. Adjust the term of repayment, the repayment extension and transfer overdue debt.

1. Until the final repayment, the borrower has unpaid debt difficulties, must have written the debt extension proposal was the social policy Bank considered for renewal of debt for loan objects; the maximum debt renewal time by 1/2 the time limit for paying the debt.

2. where the objects are not repaying loans according to the final repayment term and is not allowed to extend debt relief, social policy Bank turned into overdue debt. Social policy Bank in cooperation with local authorities, the social-political organisations take measures to recover the debt.

3. social policy Bank specifies the term of repayment, the repayment extension and transfer overdue debt.

Article 12. Handle risks by objective causes.

The handling of the debt being risks by objective causes is done according to the rules of the Regulation treats the debt being risks in social policy Bank.

Article 13. The responsibilities of the Agency.

1. The Ministry of finance, in cooperation with the Ministry of planning and investment of State capital to layout for students, student loan and grant funding to compensate the difference in interest rates, management fee to the Bank for social policy making good work for students, student loans.

2. The Ministry of education and training, Ministry of labor, invalids and Social Affairs, the Ministry of industry.

a) directs the universities, colleges, vocational and vocational training establishments administered in collaboration with the local people's Committee and the social policy Bank conducted credit policy students, students.

b) steer the universities, colleges, vocational and vocational training establishments make confirm the students, students who are enrolled in the school are eligible for loans provided for in paragraphs 2 and 3 article 4 of this decision.

3. the people's committees of provinces and cities under central. the direction of the Agency and the people's committees of all levels of credit policy for students, students in accordance with the provisions of the law and this decision.

4. social policy Bank responsible loan application instructions, the sequence and procedures for loans, repayment term, repayment rate, extension of repayment for delinquent debt, transfer students, students under the regulations. Organizations seeking funding to supplement funding loans for students, students. Closely, often with the universities, colleges, vocational and vocational training institutions in the lending process so that the loan is used for your purposes, create favorable conditions for the students, the students in getting the loan and closing fees.

5. organizations, individual employers are students, students were State loan under the provisions of this decision have the responsibility to urge students, transfer students on the family to pay the debt or repayment direct social policy Bank.

Article 14. Handle violation.

The Organization, the individual made no proper regulations on credit for students, students of the provisions in this decision, depending on the level of violation will process in accordance with the law.

Article 15. Terms of implementation.

1. This decision has effect as from October 1, 2007 and replaces decision No 107/2006/QD-TTg dated April 18, 2006 of the Prime credit for students, students. The objects were loans according to decision No 107/2006/QD-TTg dated April 18, 2006 to continue loans as defined in this decision.

2. Ministers, heads of ministerial agencies, heads of Government affiliated agencies, the Chairman of the provincial people's Committee, the central cities, Chairman of the Board and General Director of the social policy of the Bank is responsible for the implementation of this decision.