1. Key objective:

Vietnamese Talent Fund offers a 0% interest loan for tuition fee for student-to-be and university students who are Vietnamese citizens from all around the country, having difficult living circumstances but never lose sight of their education goals. Besides, they are always fully aware of the importance of foreign languages and life skills so that they can get immediate job after graduation.

2. Applicable subject

  • 12th grade high school students

  • Formal university students

3. Usage purpose:

Students shall use the full amount of financial aid to pay for university tuition.

4. Disbursement method:

The remittance will be disbursed at the beginning of each semester or once a year, depending on the university policy.

The remittance will be transferred to the official bank account of the student’s university, based on the information provided on the application form.

5. Effective period:

Pursuant to the criteria outlined below, the loan amount or limit will be annually examined to determine whether the case is permitted to continue or increase for students.

The financial assistance will be provided until the student graduates from university, so long as the student meets the criteria listed below.

6. Interest rate:

The interest rate is 0% percent during the entire length of the loan.

7. Disbursement terms:

Vietnamese Talent Fund will make disbursement of actual loan amount into the university’s bank account of student in case the following conditions are met:

  • Both parties signed the contract and all relevant appendixes
  • Student provided the complete records, documents, certificates… as requested by Vietnamese Talent Fund, including:
  • Registration form
  • Verification form about family background by local government 
  • Tuition notice from university
  • Copy of household registration book
  • Copy of identification card
  • Copy of high-school report
  • Copy of previous-year transcripts
  • University offer letter (if any)
  • Other certificates/ diplomas/ degrees (if any)
  • Reference letter (if any)

8. Refund method

Students shall repay the total loan by installment on monthly basis, at least 25% of monthly earning but no more than 24 months from the date of graduation.

Ideally, students might propose repaying the loan early in exchange for special benefits such as part-time recruitment, partial or full sponsorship of foreign language/ skills programs, job opportunities, credit score increase, and other benefits offered by Vietnamese Talent Fund.

9. Student’s rights:

To receive the loan disbursement as specified;

To get approval for future loans or loan limit as specified;

To make early payment and get favorable benefits as specified;

To participate in foreign language training, soft skill training, internal events, and social activities as specified;

To be reviewed on a regular basis and at the end of the course to ensure the output quality meets the enterprise’s recruitment criteria, with the goal of introducing appropriate jobs as soon as possible after graduation.

10. Student’s obligations:

To provide all essential information, documents, and materials for disbursement process;

To commit for the correctness, truthfulness and transparency of information, documents, and materials submitted to the Vietnamese Talent Fund;

To pay pack the loans in full and on schedule;

It is understood that if one of the following events occurs, the student will be declined for future disbursement and will be required to return the total loan within six months if there had an outstanding debt already:

  • No longer require financial assistance for university study;
  • No longer attend an approved university program;
  • Failed to meet the disbursement terms;
  • Failed to provide the information, documents and materials which are accurate, honest, transparent or any fraudulency found;

No transfer the rights and responsibilities under this provision, or any other agreements between the Parties (if any) to a third party without the consent of Vietnamese Talent Fund;

To strengthen positive attributes and follow university rules, government laws, and social ethics standards;

To participate in programs recommended by Vietnamese Talent Fund with aim to enhancing foreign language skills, soft skills, and practical experiences in order to improve self-worth, as this is one of the criteria for future loan or loan limit consideration, and job opportunities after graduation, as follows:

  • Be responsible for completing training courses oriented by Vietnamese Talent Fund under the internal training program;
  • Be responsible for getting Ielts > 5.0, or other foreign language certificates of equal value after graduation;
  • Be responsible for assisting the community and fostering a solidarity spirit with others to go through hardships;
  • Be responsible for working as an intern or official employee at partners’ organization of Vietnamese Talent Fund.

11. Vietnamese Talent Fund’s rights

To require students to submit all necessary documentation, which includes information, documents and materials in order to complete the disbursement process as specified;

To have the student’s permission to conduct sight check or to contact the student’s family, protector, school, company, or other relevant parties through email, phone number or address provided by the student to verify information and take further actions (if necessary);

To refuse making disbursement if the student does not comply with the Vietnamese Talent Fund’s terms and conditions, or if the Vietnamese Talent Fund is not able to do so in accordance with this regulation;

To reserve the right to suspend or permanently stop making disbursement when encountering force majeure events;

To request students to comply with these regulations.

12. Vietnamese Talent Fund’s obligations

To make disbursement when students comply with regulations.

13. Penalty

If the student violates this regulation, the Vietnamese Talent Fund will take following actions at each level of punishment:

  • To terminate the contract, immediately effective
  • To apply 8% interest on top of total value of the loans
  • To send official letter of notice to local government, family, university and company of students;
  • To hand out the case to legal procedure if there are any significant losses

For further information, kindly see the FAQ here.

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