From left to right: APS Bank CEO Marcel Cassar, and MDB CEO Alison Micallef, in the presence of MDB Chairman Leo Brincat, and the Minister for Finance, Clyde Caruana, at the launch of the StudentAssist Scheme, MDB premises in Floriana.
APS Bank is proud to partner with the Malta Development Bank (MDB) as a financial intermediary in the launch of StudentAssist, a new blended finance instrument designed to make higher and further education more accessible and affordable for students in Malta and abroad.
StudentAssist combines two key elements: a grant, in the form of an interest rate subsidy during the moratorium period, and an MDB guarantee that covers a portion of each individual loan. This structure leverages EU and national funds to create a portfolio of up to €6.25 million in student lending, helping more students finance tuition, accommodation, and other study-related costs under highly favourable conditions.
Through this scheme, students may access loans of up to €100,000, repayable over 15 years, with no collateral, upfront contribution, or life insurance required.
Commenting on the partnership, Marcel Cassar, APS Bank CEO, said: “APS Bank’s educational mission has evolved from community-based initiatives in its early years to more recent financial solutions like the YSSS, APS Booost and Student Bundle. By joining forces with MDB, we are enabling more students to invest in their future, reducing financial barriers and supporting their personal growth.”
For more information, students may visit the Bank’s website apsbank.com.mt/studentassist.
Approved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on apsbank.com.mt/terms-and-conditions.
