Interest Free Loan Scheme has been introduced by the government to expand higher education opportunities for the students who are unable to secure a placement in State Universities although they have qualified in G. C. E. (Advanced Level) Examination, to achieve their higher education aspirations.
This scheme facilitate studying following degree programmes at SLIIT
- Qualified in G.C.E (A/L) Examination in year 2018 / 2019 or 2020 but have not been selected to a State University
- Have obtained minimum 30 marks for the Common General Test
Qualified applicants should submit their applications using the web portal
Please read the Student Guide Book for more details available in the above web portal
Loan payment period is 8/7 years after completing the degree of 3/ 4 years respectively with additional one year grace period. Payments are not required to be made during the study period
Students who follow the Bachelor of Education (B.Ed.) degree and serve for 7 years as a teacher in a government school in a difficult area will be eligible for a waive off of the full loan amount taken under the above scheme
Students are also eligible for a stipend of Rs. 75,000.00 per annum which can be utilized for accommodation and meals if studying in an institute far from home.