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Students Revolving Lending Fund (SRLF) in Higher Education
Institutions
To ensure smooth running of higher Education
Mission in Palestine, the Ministry of Education and Higher
Education set carefully designed plans to implement and follow all
resources of input that support this mission. It pays special
attention and due care to the institutions of higher education and
to students as well. It financially supports budgets of these
institutions and means of supporting students financially and
succeeded in providing unretainable sums of money to the needy.
Despite the shortage of supports, they actually helped in enabling
hundreds and even thousands of students to overcome financial
problems and continue their education and pay their tuition fees.
As the Ministry realized that such financial support would give hand
to only a limited number of the needy students, the Ministry, as a
result, established a special box to fund loans in Palestinian
colleges where a lot of university students benefited from it. In
2001, the Ministry of Education and Higher Education set the system
of Students Revolving Lending Fund (SRLF) and it was directly put
into action instead of the old system that depends on the Ministry's
own budget. The Box contributed help to the needy students who are
unable to pay the tuition fees and, at the same time, encouraged
them to depend on themselves. Moreover it also substituted
financial supports by other donors.
The (SRLF) is directly run by a council
supervised by the Minister himself. It specifies the general
policies, in addition to other financial as well as administrative
issues. The box was supported and funded by several institutions as
the Islamic Bank for Development, the Arab Agricultural Authority
for Investment, the Palestinian National Committee for Supporting
"Al-Intifada" and the Arab Fund Box for Economic and Social
Development, the United Holly Land Fund, UNESCO. Besides, the Saudi
Committee for the relies of the Palestinian people offered financial
support for students as well as the institutions of higher
Education. The following table shows in details the above mentioned
supports.
Student Revolving Lending Fund ( SRLF )
Summary of Projects Accomplishment
|
No. |
Project |
Grand Total
US$ |
Beneficiaries |
Timeframe |
Level of
Accomplishment |
|
1 |
Islamic Development
Bank
( Loans) |
7,020,633 |
35,821
Students |
2000 - 2001
2001 - 2002 |
Accomplished |
|
2 |
Saudi Committee for
Supporting The Palestinian People
( Grant 1) |
15,163,773 |
(18,919)
Students
&
(11) Universities |
2002 - 2003 |
Accomplished |
|
3 |
Arab Funds
(Loans 1) |
20,000,000 |
98,000
Students & SRLF |
2002 – 2003
2003 - 2004 |
Accomplished |
|
4 |
Saudi Committee for
Supporting The Palestinian People
( Grant 2) |
15,200,000 |
(19,157)
Students
&(11) Universities
|
2006 – 2005
2007 – 2006 |
Under Processing |
|
5 |
UNISCO
(Grant) |
50,000 |
250 Students |
2003 - 2004 |
Accomplished |
|
6 |
Arab Funds
Loans 2 & Grants |
(20,000,000 )
|
(100,000)
Students
(Expected) |
2004 – 2005
2005 – 2006 |
Under Processing |
|
7 |
Islamic Development
Bank
(Ameer Abdullah Al-Soud Grant)
( Loans) |
1,709,072 |
(7,801)
Students |
2004 - 2005
|
Accomplished |
|
8 |
United Holy Land
Fund (UHLF) Educational Grant
(Grant) |
(110,000 ) |
220 Students |
2004 - 2005 |
Accomplished |
|
9 |
Islamic Development
Bank
(Saudi fund for Development& Arab Staff for Agricultural
Development)
(Loans) |
1,200,000 |
(6500)
Students
(Expected) |
2004 - 2005 |
Accomplished |
|
Total |
80,453,478 |
287,145 Students ,
11 Universities & SRLF |
The Ministry always endeavors to find other
financing resources to support this box.
How to Apply for a loan.
Students who need to get loans can consult the
Department of Students Affairs in his university or college and fill
in a form with data about the applicant for each semester when the
institution declares about loans.
Criteria to get Loans:
Any one who applies for getting a loan should
be a regular student registered in one of the institutions of the
MOE & HE and in dire need of financial support. Moreover, he should
successfully have passed a semester of normal load.
Moreover, he shouldn't be one of those under
the condition of being warned or under observation due to low level
of achievement. Besides, he shouldn't have received any offer or
support from any other institution during the semester he applies
for a loan. The amount of the loan shouldn't exceed 75% of the
total cost of tuition fees except for those who study medicine which
is limited to just 50% of the tuition fees.
The applicant and the guarantee commit
themselves to pay back these loans. They sign a bill attached with
contract to pay back the sum again – for the benefit of the students
of the university he joins, this should be paid in sums of 25 dinars
every month after two years of graduation or getting a job.
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