We have to bear one third of the total cost of the courses offered by the Open University of Sri Lanka and the government pays two thirds, but many students find it difficult to afford even one third. The management of the Open University of Sri Lanka is optimistic about this and has made arrangements to provide loan facilities for one third of the amount to be paid by the Students This has created a great opportunity for students who are struggling financially but want to make their graduation dream come true.
The open university approved the loan scheme to the registered OUSL students according to the MOU between open university and peoples bank. the open university is granting loan facilities to working and non-working students of OUSL by peoples Bank.
Terms and Conditions
- Bothe working and non working students of open university are eligible for the loan facilities.
- OUSL only facilitates the educational needs of students.
- Facilities are considered for working students who are permanent employees of Government Sector or reputed Private Sector Organizations with repayment capacity as the PB considered as satisfactory.
- When giving a loan to a student who is not currently working, the loan is given according to the ability of his parents or a close relative.
- 100% loan of the entire course will be given if the applicant meets all the requirements.
- PB makes payments directly to OUSL.
- These facilities are available to students pursuing any course at the Open University of Sri Lanka