New Partner Joins the TaiwanICDF-CABEI TVET Student Loan Fund Project
The TaiwanICDF-CABEI Technological and Vocational Education and Training (TVET) Student Loan Fund is a loan project jointly implemented by the International Cooperation and Development Fund（TaiwanICDF）and Central American Bank for Economic Integration（CABEI）. Representatives of CABEI and American College University（UAC）signed an agreement on March 23 to officially include UAC as a partner university of the fund.Located in Managua, the capital of Nicaragua, UAC is a private university which offers programs related to technology or humanities, and focuses on nurturing skilled talents that are in high demand by industries. In order to provide quality higher education to Nicaraguan students and equip them with the skills needed to enter the workforce immediately after graduation, UAC decided to apply as a partner university of the TaiwanICDF-CABEI TVET Student Loan Fund Project.The TaiwanICDF and CABEI jointly established the TaiwanICDF-CABEI TVET Student Loan Fund in 2008, when most schools or financial institutes in Central America were not familiar with student loan services. Through the efforts of the TaiwanICDF and CABEI, more countries in the region have gradually come to understand the importance of the project, whereas now many technological and vocational education and higher education institutes are willing to join the project.Until the end of 2016, a total of 22 universities participated in the project, with an accumulated loan amount of US$ 5.6 million and benefiting 467 students.An introduction video recently released by the TaiwanICDF about the project named “Grant you a dream－TaiwanICDF-CABEI Technological and Vocational Education and Training Student Loan Fund Project,” will give you a glance of how to enhance educational development through loan projects. The short film may be found via the following link https://youtu.be/vDuFGoT1E0o. Further information regarding the project can be found via https://www.icdf.org.tw/ct.asp?xItem=4413&ctNode=30083&mp=2.