President Recep Tayyip Erdoğan announced the new regulation to be made for high KYK loan debts. Students will only reimburse the amount they received.
Recently, one of the biggest agendas of students in our country, About KYK loan debt The expected announcement came today. President Recep Tayyip Erdoğan shared the arrangement to be made for KYK loan debts after the Cabinet Meeting.
Loan repayments, without any inflation difference or interest difference will be determined on the basis of the credit received. In other words, students will only repay the loan in the amount they receive. A total of 881 thousand students benefiting from the KYK loan will not receive a payment of 26 billion TL.
President Erdogan’s statement:
“The recent increase in inflation to undesirable figures has led to the emergence of undesirable figures. We could not leave our youth under this burden. We decided to pay the loan repayments over the amount received. The principal will be recovered.”
What happened?
Students who have benefited from KYK loans in their university education in the past few days, due to the fact that their debts are tied to the producer price index. faced high debts. Students who took a loan of 40 thousand TL faced debts of up to 150 thousand TL.
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After the issue resonated on social media and received reactions from students, President Erdoğan and the Minister of Youth and Sports made a statement that a regulation would be made regarding the issue.
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