PSB Academy pledges to bear interest rate on its students' education loans

Singapore

PRIVATE school PSB Academy is making education loans practically interest-free for its students, and is looking to set up similar arrangements with more financial institutions.

Under the new arrangement, said to be the first of its kind, the school will bear up to 2.2 per cent of interest levied on the education loans taken from credit cooperative TCC for the student's course of study.