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Education reform needs to include student loan programs

Oct 01, 2009
By Arta Ankrava

HUMAN RESOURCES: Latvia’s economic crisis has driven up the cost of student loans.
RIGA - Concerns about the stability of the Latvian currency have resulted in an increase of financial unease and stress among banks and their clients alike, not least among students taking loans to complete university. With the rise of the RIGIBOR index, student loan payments with variable interest rates, which are tied to this index, have almost doubled since September 2008. The Ministry of Education of Latvia reports that last year Latvia had 125,350 students in higher education, which mea ...

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