Number of Student Loan Applications Breaks Record in 2020
Világgazdaság.
For the first time, the amount disbursed in student loans exceeded HUF 30 billion (around 80 million Euros).
Péter Magyar, the CEO of the Student Loan center, believes
The labor market difficulties caused by the coronavirus epidemic also played a role in the fact that students applied for the maximum loan at a significantly higher rate, 80 percent, than in previous years.”
Large demand can also be explained by the fact that from August 2020, the government decided to increase the maximum monthly amount of free-to-use student loans, from HUF 70,000 (195 Euro) to HUF 150,000 (420 Euro).