Student loan spending drops 28 percent

7 hours ago

Government spending on Maldivian students studying abroad through state‑funded loan schemes has fallen sharply this year, with expenditure in the first two months down 28 percent compared to the same period last year. According to the Finance Ministry, MVR 79.1 million had been spent on student loans as of February 27. This amounts to 10.2 percent of the MVR 776.6 million