State owed MVR 1.9 billion in outstanding student loans

1 week ago

The state is owed over MVR 1.9 billion in outstanding loans issued under various higher education schemes as of the end of 2021, according to a report published by the Auditor General’s Office. According to the 2021 audit report of the Higher Education Ministry, sufficient efforts weren’t made to recover the outstanding loan payments. The Auditor General’s Office also expressed concern