YSSS (Youth Specialisation Studies Scheme)

The Youth Specialisation Studies Scheme is a joint venture between APS Bank Ltd and Agenzija Zghazagh that supports young people in taking up their studies abroad or through distance learning. This financial arrangement grants a number of students with a subsidised study loan with favourable terms.

Am I eligible for the YSSS Loan?

If you are a student aged between 18 and 30 years old and would like to follow a first or post graduate degree or a distance learning course, provided that the course that is not available in Malta, then you may apply for this loan. The duration of the course may be between one and five academic years. Preference will be given to those students who wish to take up their studies in the following areas:

Aerospace Youth Work
Health & Biotechnology Sport
Digital Games Production Nature Conservation
Veterinary Studies The Arts
Agriculture & Marine Studies Specialised Restoration


What if I can't manage to make my repayments on time due to my limited savings?

Through the YSSS scheme, students can benefit from a repayment holiday of up to 5 years, depending on the course duration. In those cases where the term is less than 54 months, a further six month moratorium period will be allowed on capital repayments. This repayment holiday, also known as a moratorium, means that during a specified period of time, you will not be making repayments due to financial hardship. Nonetheless, interest shall continue to run and be due to the Bank for the whole duration of the moratorium period.

How much money can I borrow?

The YSSS Study Loan provides 100% financing on amounts between €10,000 and €30,000, with a loan repayment term that does not exceed 10 years (including a maximum holiday on capital repayments of 5 years, depending on the course duration). Students whose total cost of the course (including living and accommodation expenses) exceeds €30,000, will have to pay the difference in funds before accessing their YSSS loan.

Are there any additional benefits?

If you are a full-time employee applying for a distance-learning course, you may apply for an unsecured Virtual EPO account for an amount not exceeding the declared monthly income (a maximum of €5,000). You also get free travel insurance and purchase protection, a free VISA debit card for the first year and only minimal security will be requested. A maximum amount of €1,000 may be granted as part of the loan for the purchase of a computer/laptop.

How much interest will I need to pay? Are there any other fees that I will incur as part of this process?

  • For part-time students, interest is currently at 4% p.a. This is calculated at 1.75% over the Bank's Base Rate (currently at 2.25% p.a.). An interest subsidy of 1% is payable by Agenzija Zghazagh, whilst the remaining 3% is paid by the candidate during the moratorium period.
  • For full-time students, interest is currently at 4% p.a. This is calculated at 1.75% over the Bank's Base Rate (currently at 2.25% p.a.). An interest subsidy of 3% is payable by Agenzija Zghazagh, whilst the remaining 1% is paid by the candidate during the moratorium period.

A one-time €50 processing fee will be charged per application.

What documents do I need to present together with my application?

When applying for the YSSS Study loan, you will need to present the following:

  • Europass CV;
  • Scanned copies of qualifications;
  • Course curriculum;
  • Letter of acceptance from the relevant institute or university;
  • Letter of reference on applicant's character and integrity;
  • Copy of applicant's ID Card (and spouse's if applicable);
  • Budget planner (Click here to Download Budget Planner);
  • Brief explanation about how your future career plans will benefit from this academic course;
  • Applicants are obliged to provide the Bank with a life insurance cover for the whole duration of the loan.

When and where do I submit my application?

Applications for the subsidy are to be submitted electronically through www.agenzijazghazagh.gov.mt by not later than Friday 16th June, 2017 at noon.

Questions and Answers

Interested? Download the Youth Specialisation Studies Scheme (YSSS) information brochure containing key features and all the necessary details. Do not hesitate to contact us on +356 21226644 or click below if you would like to leave a message.

Copyright © 2017 APS Bank Ltd
APS Bank Ltd is licensed to undertake the Business of Banking and to conduct Investment Services business by the Malta Financial Services Authority and is enrolled in Tied Insurance Intermediaries List under the Insurance Intermediaries Act 2006