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Millions of students are anxiously anticipating whether or not KYK debts will be erased. Students who receive education loans from the state for their education and training expenses during their college education begin to repay the loans they receive after completing their education. While many students find it difficult to pay off their student loans, the debts become even more difficult with the interest processed in this process. From the first months of 2020, the expected news began to arrive for students who have been waiting for their KYK debts to be erased or to restructure their interests. So will KYK debts be eliminated? Is restructuring coming to KYK’s debts? Here are the answers to the curious questions …
WILL KYK PAYMENTS BE CLEARED?
Mehmet Muş, Vice Chairman of the AK Party Group, announced that there will be a tax structure with a size of about 500 billion lira.
According to information provided by AK Party Group Vice President Mehmet Muş, the debt restructuring will include income tax, corporation tax, VAT, motor vehicle tax, excise tax, all administrative penalties, KYK debts, and treasury accounts receivable. Interest will be eliminated if paid in advance. You must submit the application before the end of the year.
1 YEAR DELAY MAY APPLY FOR KYK DEBTS!
In the framework of the decision to restructure KYK’s debts, the decision to postpone the installments for 1 year due to the pandemic process after the restructuring has become one of those discussed. In this context, students who carry out structuring will be able to start their installment payments after 1 year.
HOW TO BUILD KYK DEBTS?
KYK debt collection begins two years after the student graduates. Loan debt is determined by adding the amount to be calculated by applying the increases in the TURKSTAT wholesale price index to the amounts granted as education loans.
Those who cannot find work can postpone one year each. While a monthly default interest of 1.40 percent is applied to unpaid debts, the loan taken out due to past due debts is 2-3 times more.
KYK loan debts can be postponed for a period of one year. Those who have paid their debt to those who have not yet started without interrupting the payments of the term debt “turkiye.gov.t en” to the e-government with passwords can be found in the request for deferral. To apply for a deferral, unemployment, military service situations, and graduate or doctoral education must continue.
