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Applications for study loans with the government guarantee for the autumn semester of the 2018/2019 academic year and for the entire study period are accepted at Student Services (16 Dzirciema Street, Ground Floor, Room 100) on weekdays from 9:00 to 17:00 from 13 July till 15 September 2019. The documents to be submitted are listed below.

A student loan is intended to cover the subsistence expenses of students in accredited study programmes. The loan amount per one student cannot exceed 170.75 euros per month. This loan is paid for 10 months per academic year (excluding July and August). 

For more information, see the Regulations No. 220 of the Cabinet of Ministers “Procedures for the Allocation, Repayment and Cancellation of a Study Loan and Student Loan from the Resources of Credit Institutions with the Government Guarantee”

Important to know!

The RSU Loan Granting Commission will announce results and the date from which the student can go to the bank to draw up the loan contract.


The government has authorised SEB to grant Study loans with the government guarantee

On January 26, 2017 the Ministry of Finance announced SEB to be the winner of the auction for the rights to grant Study loans with a government guarantee in 2017. SEB was the only participant in this auction.

In 2017, SEB was authorised to grant study loans with guarantees issued on behalf of the state for the total sum of 25,200,000 EUR with the interest rate of six-month EURIBOR rate plus 2.5%.

SEB also had the rights to grant Study loans with government guarantee in 2016. 

SEB website

Documents to be submitted to the Loan Granting Commission
  • application form (see below)
  • copy of passport/ID card
  • copy of your study contract
  • copies of the documents issued by the state or local authorities confirming special social conditions (if applicable)
  • copy of the transcript of records, for first year students – your high school diploma
  • copy of your OCMA papers (residence permit and Latvian ID, if requested) after completing the immigration process in Latvia
Evaluation of application

The RSU Loan Granting Commission shall evaluate your application within 10 working days. 

The decision regarding allocated student loans shall be published on Universum, omitting the personal data of the applicant. More information about each decision: Scholarship and loan administrator, student information maintenance and development unit (MD SIUAN).

Conclusion of agreements and guarantee
  • In the autumn semester, you will be able to conclude loan agreements with the bank until 30 November. Take into consideration that the bank will make the first loan payments to new borrowers for the autumn semester only in the second half of semester.
  • In the spring semester, you will be able to conclude loan agreements until 1 June. The bank will make the first payments at the end of May. The payment date depends on the time of conclusion of the loan agreement.
  • For loan security, guarantee of a natural person or local government is required. While considering your guarantor, take into account the following information: upon presentation of the respective documents, orphans and children left without parental care (up to 24 years of age) can receive a loan without guarantor (in this case, the loan is 100 % government guaranteed):
    • a natural person in this case is considered to be a person not older than 65 years having regular income equal to at least one minimum wage;
    • the guarantor may provide a guarantee for several loans of their children, if the monthly income of this person constitutes at least one minimum monthly wage multiplied by the respective number of students to whom the guarantee is provided;
    • if the guarantor him/herself has a loan, the guarantor can provide a guarantee for a student only if the monthly sum of this person for repayment of the loan does not exceed 40 % of the guarantor’s total monthly income.

For more information see SEB homepage

Suspension of study loan payments

Payment of the study loan is suspended if the student

  • is on academic leave
  • fails to meet the obligations (e.g., repeatedly within a semester)
  • is exmatriculated

Important to know!

Once the student has given permission, RSU prepares and sends amendments of loans to the Administration of Studies and Science in the following cases:

  • payment of the loan has been suspended (i.e., the student has been expelled) and the student has resumed studies;
  • a tuition discount for the whole study process has been granted;
  • the student starts attending another education institution;
  • the title of the study programme or study type has been altered.

The student-borrower must go to the bank only if the tuition fee is altered and the student must sign a new Study Contract. The university shall inform the student about the deadline for going to the bank.

Repayment terms for student loan

  • The loan is applied with interest during studies and following exmatriculation, until the loan is repaid in full.
  • Estimation of loan repayment (principal amount of the loan) and the interest is started in the twelfth month after graduating or the third month after terminating studies.
  • If the student-borrower was on maternity leave during the studies and graduated the university successfully afterwards, the loan can be reduced by 30%.

For more information:

Where else can I get a loan for studies?

If you failed to receive a loan with the government guarantee, you may apply for a commercial loan with the following Latvian banks: Nordea, SEB banka and Swedbank.

More information: www.sza.gov.lv (LAT) and www.kreditiem.lv (LAT).

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