YEREVAN, August 5, /ARKA/. In Armenia the tuition fees range from USD840-1,680 per annum, according to Foundations for the Future, the latest report in The Value of Education series from HSBC. This is relatively low compared to the global average which is USD9,100 for the 15 countries surveyed by HSBC. In terms of university fees, Armenia compares with India ($581), Mexico ($750) and Turkey ($1,276).

The majority (60%) of parents around the world would be willing to go into debt to fund their child’s university or college education, according to Foundations for the future, the latest report in The Value of Education series from HSBC.

Based on a survey of over 6,200 parents in 15 countries, the report reveals that the main responsibility for funding children’s university education lies with parents: 84% contribute towards the cost. Nearly 31% of parents with a child yet to go to university expect that their child will shoulder some of the cost of their own university education. However, only 13% of students now at university contribute towards their funding.

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In 2016 April Armenian commercial banks provided about 3.98 billion drams worth education loans, by 2.9% more than in March, according to the monthly bulletin of the Central Bank of Armenia

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Commercial banks of Armenia allocated AMD 3.9 billion for education in February 2016 – 0.1% less than in the previous month

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By the end of February 2013 the outstanding amount of educational loans provided by Armenian commercial banks stood at 3.1 billion drams, a 0.3% increase from January, according to the monthly bulletin of the Central Bank of Armenia for February 2013

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Tags: Armenia, EDUCATION, LOAN

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Armenian Anelik Bank was one of the first in Armenia to sign a cooperation agreement as part of a government-designed program to make higher education accessible to young Armenians, the bank said in a press release

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Total loans allocated to education by Armenia’s credit organizations dropped 2% late October from September to nearly 130.5 million drams, according to the National Statistical Service of Armenia

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Lending to education totaled in nearly 2.9 billion drams as of late May, up by 16.5% from April 30, the website of Armenia’s Central Bank shows

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Armenian commercial banks allocated nearly 2.5 billion drams for educational sector at the end of April this year, that is 6.5% higher compared to March 31

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Loans extended by Armenian commercial banks for education totaled AMD 2.5 billion in late February 2012 – 18.4% less than the amount of late January 2012.

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Tags: COMMERCIAL BANKS, EDUCATION

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Armenian banks inject 3 billion drams into education in December.

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