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8,500 students apply for Student Loan Plus

Already, 8,500 students have applied for the Student Loan Plus since its introduction on May 1; the success of the government-funded financial product among young people is unbroken, said Parliamentary and Strategic State Secretary for the Ministry of Innovation and Technology Tamás Schanda, according to origo.hu. 

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Péter Magyar, CEO of the Student Loan Center, said that such loans may never have been as necessary as they have been in recent months.

It is estimated that a total of 35,000-40,000 students could turn to the center this year. He added that the main task of student lending at the moment is to prevent an increase in drop-outs from higher education for financial reasons.