The Ministry of Education, Higher Education and Vocational Education has announced that applications are now open for the 10th intake of the Interest Free Student Loans Scheme (IFSL) for students who have passed the G.C.E. Advanced Level Examination in 2022, 2023, and 2024.
Eligible students can apply online via www.studentloans.mohe.gov.lk from November 1 to November 30, 2025. The scheme enables students to pursue degree programmes offered by recognized non-state higher education institutes, conducted entirely in English.
Applicants must have obtained at least three simple passes in a single sitting of the A/L examination and be under 25 years of age as of November 1, 2025. The maximum loan amount available is Rs. 1.5 million, with an additional Rs. 75,000 per year provided as a stipend for living expenses.
The loan will be interest-free, with repayment spread over 12 years—including a one-year grace period following completion of the study programme. Students are required to maintain at least 80% attendance and a minimum credit pass in all compulsory subjects to remain eligible.
Further information, including the list of approved degree programmes and institutes, can be found in the Student Handbook available online at the same web portal.
Institutes participating in this intake include SLIIT, CINEC, Horizon Campus, ICBT, Lyceum Campus, Saegis Campus, NSBM, ESOFT Metro Campus, and several others. (Newswire)
