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Interest Free Student Loan Scheme 2026 – 11th Intake Applications Open | Apply Before 27 September 2026

Interest Free Student Loan Scheme 2026 – 11th Intake Applications Open | Apply Before 27 September 2026

MINISTRY OF EDUCATION, HIGHER EDUCATION AND VOCATIONAL EDUCATION

CALLING APPLICATIONS FOR THE

11th INTAKE — INTEREST FREE STUDENT LOAN SCHEME

For students who passed the G.C.E. (Advanced Level) Examination in 2023, 2024 or 2025

The Student Loan Division under the Ministry of Education, Higher Education and Vocational Education is opening a fresh application window for the Interest Free Student Loan Scheme (IFSLS), giving eligible Sri Lankan students the chance to follow selected degree programmes offered by Ministry-recognized Degree Awarding Institutes.
📝 APPLICATION PROCEDURE
Eligible candidates need to apply online through www.studentloans.mohe.gov.lk.
🎓 DEGREE PROGRAMMES
All degree programmes under this scheme are conducted in English medium. The complete list of eligible programmes can be found in the Student Handbook, downloadable from the official website above.
📅 SUBMISSION PERIOD OF APPLICATIONS
Starting Date18.07.2026
Closing Date27.09.2026
✅ ELIGIBILITY CRITERIA
  • Simple (S) passes in all three subjects, obtained in one and the same sitting, within not more than three attempts at the G.C.E. (A/L) examination in 2023, 2024 or 2025, AND
  • A minimum of 30 marks for the Common General Test at the same sitting described above, AND
  • Simple (S) pass for General English at the G.C.E. (A/L), OR Simple (S) pass for English at the G.C.E. (O/L), AND
  • Candidates must be 25 years of age or below as at 27.09.2026.
📌 Other Qualifications: Please refer to the Student Handbook at www.studentloans.mohe.gov.lk to find the specific entry requirements for individual degree programmes.
🎯 SELECTION CRITERIA
Selection for a degree programme depends on:
  1. Whether the applicant meets the minimum qualification for that programme
  2. The order of preference the applicant listed for each degree programme
  3. The number of seats allocated by the relevant Degree Awarding Institute for each programme
  4. When applications exceed available seats, selection is decided by merit based on the applicant's Z-Score at the relevant G.C.E. (A/L) examination.
💰 MAXIMUM LOAN AMOUNT

Rs. 1,500,000.00

The maximum amount available depends on the field of study — check the Student Handbook for the exact figure applicable to your programme. Students can also apply for a monthly interest-free stipend of Rs. 75,000/- as part of this loan facility.

💳 LOAN DISBURSEMENT
Full details on how the loan is disbursed are provided in the Student Handbook, available at www.studentloans.mohe.gov.lk.
📋 RESPONSIBILITIES OF THE STUDENTS
Students who benefit from this scheme must maintain at least a credit (C) pass in every compulsory subject of their degree programme, and keep a minimum attendance of 80%.
🔁 LOAN REPAYMENT

The total loan period runs for 12 years. Interest during the study period (3 or 4 years) plus a one-year grace period is fully borne by the Government.

Repayment is completed through 84 equal installments (for 4-year programmes) or 96 equal installments (for 3-year programmes).

📞 FOR FURTHER DETAILS
Student Loans Division, Non-State Higher Education Division
No. 980/4A, Wickramasinghe Place, Ethul Kotte

✉️ dsls@mohe.gov.lk
🌐 www.mohe.gov.lk
📱 070 355 59 70 / 979 | ☎️ 070 355 59 79
📘 Facebook: Interest Free Student Loans Scheme
📄 OFFICIAL ADVERTISEMENT

Source: Ministry of Education, Higher Education and Vocational Education — Student Loans Division

Shared via NEWSPRO.LK — Sri Lanka's Trusted Education & Vacancy Portal

Important NoticePlease verify all details from the official source before applying.
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