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Loans to entice new teachers

Parliament on July 9 approved a loan fund for beginning teachers to increase interest in the profession, the lowest paid in Slovakia at Sk9,450 ($210) a month on average in 2001, compared to Sk12,365 in the national economy.

Loans of up to Sk250,000 at four per cent annual interest with a maximum 15-year maturity will be available to teachers within three years of graduating from university pedagogical studies.

Critics of the move note that the fund has yet to be created at the Education Ministry, while money to back it has not been earmarked in the state budget.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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