Last Updated on November 26, 2021
Israel Student Loans
We all know how expensive higher education can be. The related costs often prohibit our children from getting a higher education and reaching their full potential. Without a degree these days, it can be really tough to find a job and build a solid career. Too many of us are stuck in minimum wage or low paying jobs in Israel, because we couldn’t raise sufficient funds to support a higher education. Olim who are already living on tight aliyah budgets may feel this burden even more.
There are various ways to subsidize one’s education; take a low interest, student loan from a regular commercial bank, search for scholarships and bursaries, take advantage of your student Aliyah benefit or approach the academic institution of your choice.
Loan funds like Keren Sachal (Sachal Fund) – קרן שכ״ל – Keren Sheket L’studentim offers you a long-term, interest free, student loan without the need for guarantors.
Some 50 of Israel’s academic institutions of higher learning participate in this project including: The Technion, The Reichman University (IDC Herzliya) and other major universities, vocational colleges, teachers training colleges and other private learning centers.
Anyone can apply! There are no application conditions or prerequisites.
Milgapo is an amazing resource and was designed to help Israeli students obtain scholarships for both Bachelors’ and Masters’ degrees. The website offers more than 850 different scholarships; some with volunteer clauses, some for residents of the periphery, for demobilized soldiers, for the ultra-orthodox community and other sectors of the community according to specified criteria.
Register on Milgapo (Hebrew only) – fill out the required fields and requested information and they promise to send you a list of scholarships that could fit your needs.
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