The number of students studying at their own expense increased by 11% - News | BNews

The number of students studying at their own expense increased by 11%

13 March, 11:53 186
The number of students studying at their own expense increased by 11%

More than half of the students study in the universities of Almaty, South Kazakhstan and Astana.

The students mostly study at their own expense: the volume of services provided by the universities at the expense of the population increased by 11%, at the expense of the budget increased only by 3%. The banks offer to open educational contributions to those who want to provide children with high education, ranking.kz reports.

The total number of students of the universities in the present academic year 2017/18 is 496.2 thousand people. That is by 4% higher, than a tear ago. As a rule, more than half of the students study in the universities of Almaty, South Kazakhstan and Astana.

In Almaty, 131.3 thousand student study, that is only by 0.4% higher that in  the 2016/17 academic year. The share of Kazakhstan within a year decreased from 27.4% to 26.5%.

In South Kazakhstan, 79.4 thousand students of the universities, the growth per year comprised 11.4%. The share of Kazakhstan increased from 15% to 16%.

The third one is Astana, where 52.4 thousand people study in the universities with the 1.1% growth per year. The share of Kazakhstan decreased from 10.9% to 10.6%.

The volume of provided serviced in the high education for 2017 comprised 276.3 billion tenge, that is by 6.4% higher than for 2016.

It is notable that the biggest growth is registered in the services provided at the expense of the population, that is by 11.1%, to 112.6 billion tenge or 40.8% of the total volume of the provided services in the sphere of high education.

The State Educational Saving System (SESS) can facilitate in the preparation to the payment of high education for children by JSC “Finance Centre”.

The law of the Republic of Kazakhstan “On State educational saving system” was adopted in January 14, 2013. Any citizen of Kazakhstan can open a deposit with favorable condition for the term of from 3 to 20 years. In the future, the deposit can be used to pay education in Kazakhstan or abroad.

At the moment, the program includes 4 banks: Halyk Bank, Nurbank, Tsesnabank, VTB.

The term of the deposit varies from 36 to 60 months, with the possibility to prolong it. The minimal amount to open a deposit is 3 MCI (1MCI – 2405 tenge).

Nurbank has the highest annual effective interest rate – 14%, Tsesnabank – up to 13.5%, Halyk Bank – 12.3% and VTB – 6.2%.

Also, the sum of the deposit is annually added with the benefit of the state in the amount of 5% per annum and the increased benefit in the amount of 7% per annum for the deposits of the children of priority group. The benefit of the state cannot be higher than 100 MCI per year. For instance, in 2018, the maximum benefit of the state was 242 833 tenge.