New students in despair as government fails to issue loans

Sep 17, 2024, 12:39 PM
New students in despair as government fails to issue loans

The government has failed to provide funding for recipients of student loans to begin overseas higher education in the September/October intake.

A total of 500 student loans were announced this year, but the government later decided to issue loans to 1,709 eligible applicants.

However, some students have been unable to travel overseas for their education while other students were funded by family and well-wishers to begin their studies.

A student who went to Malaysia for September intake told Adhadhu that they travelled with the financial assistance of family.

"I requested for the agreement on August 26. I sent three emails to the Higher Education Ministry. They acknowledged receiving the emails. But they still haven't sent the agreement. My family arranged the money for course fees, travelling to Malaysia and living expenses there," the student said.

The student added that they would not have been able to begin studies when the semester starts on September 23 if they had depended on the Higher Education Ministry and waited for the loan.

They noted that the family would face a great financial burden if they can't recover the money to pay off the debt.

Another student told Adhadhu that some students connected to government officials were able to arrange loans and leave to the universities.

Adhadhu also understands that some students are trying to raise money by obtaining loans in other ways to leave for their universities.

The Ministry of Higher Education issues student loans for new students through a lengthy process from the Finance Ministry.

Adhadhu has learned from various sources that the Higher Education Ministry is facing difficulties in arranging funds for new students and completing the process.

The Finance Ministry issues funds to current students after the university sends a letter to the Higher Education Ministry. There are difficulties in issuing those funds as well.

An official of the Higher Education Ministry told Adhadhu that there were delays in issuing the money to the new students, but the work was ongoing.

The official said they were working with the finance ministry to prioritize the disbursement of funds to students.

"The disbursmenent of funds for loans is based on our cash flow. So when we raise the issue, sometimes the finance ministry arranges it somehow. They try to clear everything we send them," the official said.

The official said there are some delays in the disbursement of loans to new students due to the length of the process but there are no issues in funds for current students.

Comments

Read More

Latest News

MDP activist Shamin released from police detention

MDP activist Mohamed Shamin was released from police custody after being detained for allegedly crossing barricades during a protest. The court ruled his actions did not constitute a major felony, noting a lack of evidence for property damage or injury. Shamin still faces charges for obstructing police and disobeying orders.

State will bear no costs on housing units by Abu Dhabi developer

The Maldives Finance Ministry confirmed that the state budget will incur no costs for 5,000 housing units being built by Abu Dhabi’s Eagle Hills. The $500 million project uses a contractor financing model without government guarantees. While the state is not liable, it remains unclear if public recipients will pay for the units upon completion.

Vice President meets UN Secretary-General

Vice President Hussain Mohamed Latheef met UN Secretary-General António Guterres to discuss climate resilience and debt sustainability for the Maldives. The leaders emphasized the urgent need for global climate action and UN reform. They also addressed regional concerns, specifically focusing on the ongoing situation in Palestine.

PNC lawmakers' delegation departs for Pakistan

A 16-member delegation of PNC lawmakers, led by Speaker Abdul Raheem Abdulla, has departed for an exposure visit to Pakistan. The group will visit the Pakistani Parliament and meet with counterparts following an official invitation. This trip precedes a potential, though unconfirmed, upcoming visit by President Mohamed Muizzu.

MDP opens party congress to the public

The Maldivian Democratic Party (MDP) has announced that its upcoming congress, starting October 1 at Male’ City Hall, will be open to the public. While nearly 1,000 official delegates are expected to attend, the party expressed disappointment over the government's refusal to provide a state venue or media coverage for the event.

"Airport was leased to GMR under a transparent bidding process"

Former President Mohamed Nasheed criticized the Maldivian government for awarding a Rasmalé development deal to a UAE firm without a transparent bidding process. He contrasted the secretive agreement with his administration's open tender for the national airport, emphasizing that state assets should only be leased through competitive systems.

What kind of agreement was signed with Eagle Hills

The Maldives government signed a preliminary agreement with UAE-based Eagle Hills to lease land in Rasmalé for 99 years. The multi-billion dollar project aims to develop a world-class marina and luxury residences. While the Maldives will receive 5,000 housing units, specific financial details and a definitive contract are yet to be finalized.

Newsletter

Get the latest news delivered straight to your inbox