Mawarid to offer college loans
Agreement signed between Al Mawarid Bank and the Social Work League
Al Mawarid Bank announced the signing of a cooperation agreement with the Social Work League in order to support students in their higher education studies.
Chairman of Al Mawarid Bank, Minister of State Marwan Kheireddine, and the president of the Social Work League Souheir Abou Zeki signed the agreement on February 13.
Through the agreement, Al Mawarid Bank will provide facilitated loans to students of the American University of Beirut (AUB), the Lebanese American University (LAU), and the Université Saint-Joseph (USJ).
The Social Work League will study the files of students who apply through them. Students who are approved will receive their loans through Al Mawarid Bank.
The loan, which will cover 100 percent of tuition fees, has a repayment period of up to ten years, as well as a one-year grace period.
Date Posted: Feb 15, 2012