ISLAMABAD: Financially disadvantaged youths’ access to higher education in Pakistan is alarmingly low, Higher Education Commission (HEC) observed on Thursday during a national videoconference for developing new student loan programme.
HEC organised the conference under the USAID funded programme, which aims at providing technical assistance to HEC and USAID-partner universities across Pakistan in financial aid and fundraising. Representatives from Ministry of Finance, International Finance Corporation, State Bank of Pakistan (SBP) and public and private sector universities took part in deliberations.
While chairing the meeting, HEC Member Operations and Planning Dr Mukhtar Ahmed observed that the current situation of access to higher education in Pakistan was alarmingly low. He declared the financial constraints as one of the major reasons. The participants said due to the high cost of higher education most of financially disadvantaged youths remained deprived of higher education.
The meeting focused on different student loan models, policy issues, the feasibility and practicality of such initiatives, risks and mitigation strategies, the role of universities, HEC and the SBP.
A high-level working group has been established to analyse strategies and options for creating a national student loan programme.
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