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The Chartered Institute of Management Accountants (CIMA) Sri Lanka will roll out a student loan scheme for the first time, covering the entire cost of tuition and subscription fees for each stage.

rnThe loan of up to a maximum of Rs. 300,000, will be given to interested students on a staggered basis, and is extended on passing each of the three stages.rn

rnTuition and registration fees for five subjects at Foundation level for example, costs a total of Rs. 50,000 and only on passing the first stage will be extended the second tranche.rn

rnCovered by two guarantors earning Rs. 20,000 a month, the loan will have to be paid back over five years after graduating.

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rnThe institute is in talks with Nations Trust Bank and HSBC amongst others to roll out the scheme in a month on concessionary terms.rn

rnldblquote We are already negotiating with the two banks on reasonable interest rates, and we should be able to launch within a month
dblquote , new President of CIMA Sri Lanka, Claude Perera said on

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