Application for Interest Free Student Loans Scheme 2025

Application for Interest-Free Student Loans Scheme 2025

Ministry of Education, Higher Education, and Vocational Education

CALLING APPLICATIONS FOR THE 10TH INTAKE OF INTEREST-FREE STUDENT LOANS SCHEME

For Students who have passed G.C.E.(Advanced Level) Examination in 2022, 2023 and 2024

The Student Loans Division at the Ministry of Education, Higher Education and Vocational Education is calling applications for the Interest Free Student Loans Scheme (IFSLS) from the Eligible Sri Lankan Students.

The opportunity is given for the students to follow selected degree Programmes conducted by the Degree Awarding Institutes which are recognized by the Ministry of Education.

Application procedure

Eligible applicants should apply online through the web link of www.studentloans.mohe.gov.lk

Degree Programmes

All the degree programmes are conducted in English medium. The list of degree programmes is available in the Student Handboo,k available at www.studentloans.mohe.gov.lk

Submission period for Applications

Starting Date: 01.11.2025
Closing Date: 30.11.2025

Eligibility Criteria

Having obtained simple (S) passes for all three subjects in the same sitting and not exceeding three sittings in G.C.E.(A/I) examination in 2022, 2023, and 202,4, and
Having a Minimum of 30 marks for the Common General Test at any sitting described in above (i), and

iii. Simple (S) pass for General English G.C.E.(Advanced Level) or Simple (S) pass for English in G.C.E.(Ordinary Level), and

The age of the Candidates should be 25 years or below as of 30.11. 2025

Other Qualifications

Please refer to the Student Handbook at www.studentloans. mohe.gov.lk to find the other entry qualification of particular degree Programmes.

Selection Criteria

The selection of students for a degree programme is based on

The minimum qualification that the applicant has to fulfill
The order of preferences given by the applicant for degree programmes

iii. Number of seats granted for each degree programme by the relevant Non-State Higher Education Institutes

When the number of applications received exceeds the seating capacity for each degree programme of the relevant institute, the selection will be done on the merit order of the Z-score obtained at the G.C.E. (Advanced Level) Examination by the applicant.

Maximum Loan Amount Rs.. 1,500,000.00

The maximum loan amount depends on the stream of study. Please refer to the Student Handbook at www.studentloans.mohe.gov.lk to find the Maximum Loan Amount applicable. It is possible to complete the degree programmes with this loan amount.

In addition, a stipend loan of Rs 75,000 per year can be obtained at the discretion of the student, which is interest-free.

Responsivities of the Students

All the students who are facilitated under the Interest Free Students Loan Scheme should get a minimum of a credit (C) pass for each and every compulsory subject of the degree programme and have to maintain 80% of attendance.

Loan Repayment

The total loan period is 12 years. The Government will bear the interest. The repayment of the loan starts after the study period (3/4 years) and an additional one-year grace period.

The repayment shall be completed by paying 84 or 96 equal installments for 4-year / 3-year degree programmes, respectively.