Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan is studying the UK’s approach to education financing and the repayment of student loans based on borrowers’ income.
A delegation from Uzbekistan met representatives of the Student Loans Company in London, the country’s Tax Committee reported.
The Uzbek delegation included representatives of several ministries and government agencies. The visit also involved Turabek Turaev, Director of a department at the Tax Committee.
During the meeting, the parties examined the UK model for financing higher and specialised secondary education.
They also reviewed procedures for administering student loans and mechanisms for recovering the funds.
Particular attention was paid to the practice of calculating repayments based on borrowers’ income. The discussions also covered the use of the tax system to account for and collect student loan repayments.
The delegation considered the possibility of applying selected elements of the UK experience to improve Uzbekistan’s education loan system.
