Agenzija Zghazagh in collaboration with APS Bank has once again launched the Youth Specialisation Studies Scheme (YSSS). This scheme support young people who want to further their studies abroad or through distance learning.

Young people qualify for this loan if they are aged between 18 and 30 years old. Financing is provided as long as there is no equivalent academic course covering the same area available in Malta.

Preference is given to those students who carry out or further their studies in the following areas; Aerospace, Health & Biotechnology, Digital Games Production, Environment, Agriculture & Marine Studies, Youth Work, Sport, Nature Conservation, The Arts and Specialised Restoration. The scheme covers part of the interest rate for courses or trainings that last between a minimum period of one year and a maximum period of five years.

Young people are financed by applying for a soft loan at a subsidised rate of interest. Loan amounts requested can vary between a minimum of €10,000 but will in no case exceed a maximum of €30,000. The interest rate is of 4.1% but students will only pay 1%.

All applications are scrutinised by the Credentials Committee that is constituted by representatives of the Agency, Ministry/Secretariat in charge of Youth, APS Bank and the National Youth Council.

In order to apply for these funds please present the letter of application together with the necessary documentations as listed here

For further information kindly contact Agenzija Zghazagh on 22586700 or by email on agenzija.zghazagh@gov.mt

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