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About Us

The Educational Student Loan Fund was established under the Ministry of Science and Education of the Republic of Azerbaijan by the Decree № 1367 of President Ilham Aliyev dated June 17, 2021. The procedure for granting student loans through the Fund was approved by Decree No. 226 of the Cabinet of Ministers of the Republic of Azerbaijan, dated July 24, 2021.

Our History

The Educational Student Loan Fund was established under the Ministry of Science and Education of the Republic of Azerbaijan by President Ilham Aliyev's Decree No. 1367 of 17 June 2021. The procedure of granting student loans through the Fund was approved by Resolutions No. 226 of the Cabinet of Ministers of the Republic of Azerbaijan dated July 24, 2021.

Mission

Our mission is to provide access to education, create equal opportunities in education and broaden the scope of education by introducing a system of educational student loans.

Vision

Our vision is to achieve high quality and accessible education by becoming the main provider of education funding on a concessionary basis.

Values

Integrity – being responsible in behaviour and decision-making, strict adherence to the law and to ethical and behavioural standards. Impartiality - to be impartial in the execution of our duties and to maintain equality in our activities in respect of ethnicity, religion, language, gender, social background, wealth, position, beliefs and other characteristics. Professionalism - constantly maintaining a high level of professionalism by applying the knowledge, skills and experience required in our activities. Transparency - demonstrate transparency to increase confidence in our activities and enhance mutual trust.

Any questions?

See the FAQ section for answers to the most frequently asked questions

What is Educational Student Loan Fund?

What is Educational Student Loan Fund?
Educational Student Loan Fund was established by a Decree of President Ilham Aliyev on June 17, 2021. The procedure of granting student education loans was approved by Law 226 of the Cabinet of Ministers on July 24. Educational student loans are granted to students-citizens of the Republic of Azerbaijan receiving fee-based and full-time education during the normative period of study at the educational institutions operating in the Republic of Azerbaijan. A student who receives educational loan must not have an academic debt in the last semester.

What is a social educational loan?

The Social TTK is issued at 2 percent.To receive the Social TTK, a student must have one of the following conditions:
1. A member of a family receiving targeted state social assistance;
2. a person with a 31-60 percent disability (group 3);
3. Recipients of labor pensions for loss of breadwinner;
4. Persons who took part in military actions for territorial integrity of the Republic of Azerbaijan and received the title of "war veteran";
5. Both parents (and if he/she has one parent):
- Disabled with an impairment of body functions from 61 to 100 percent (group 1 or 2) ;
- If officially registered as unemployed;
- If he/she receives an old-age pension;
- If he/she receives old-age social benefits.

What is a standard educational loan?

A standard loan has an annual interest rate of 6 percent. To be eligible for a standard loan, a student must meet all of the following conditions:
1. If the student's overall grade point average (UOMG) is 71 or higher.
2.If he/she is self-paying 20 percent of the annual tuition
3.Those who are not eligible for social loan

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