The Prime Minister re-stated and re-affirmed his Government’s commitment to ensuring HELP loan funding availability for the Academic Year 2020.
The Prime Minister’s commitment follows NEC Decision NG179/2019 to establish a Higher Education Loan Program (PNG-HELP) aimed at increasing the number of young men and women entering and graduating from our higher and technical education institutions with a quality education. Following the Prime Minister’s Address earlier this week, DHERST wishes to advise students, parents, guardians and the general public of the following important information: HELP Loan support will commence in 2020: HELP is an income-contingent Loan and is therefore repayable once students graduate and commence paid employment. HELP Loans will be interest free with loan balances adjusted annually for inflation. It is important to remember that HELP is a Loan; and no one is being forced to sign up for HELP. Scholarship Awards TESAS will continue:
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