As the credit crunch hits Russia, the Russian government have decided to freeze all student loan instalments. According to this news story in The Moscow Times, well under one percent of Russia`s seven million students receive financial aid. The students found out about the decision when trying to pay their tuition fees. The interviewee, a journalism student, said he was unable to take his exams following the freeze in payments.
I suppose you have to save where you can? Those Russians are hard people.
The Moscow Times is owned by the Finnish-Danish Sanoma group, and is alongside St. Peterburg Times (also owned by Sanoma) a good source of Russian political and economic news.
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