План гарантирования акционерного общества «Финансовый центр» по кредитам, предоставляемым обучающимся банками второго уровня
План гарантирования акционерного общества «Финансовый центр» по кредитам, предоставляемым обучающимся банками второго уровня

Plan of guaranteeing of credit of joint stock company “Financial center”, extended to students by the banks of the second level

1. Current Plan of guaranteeing of credit was developed in accordance with

Rules of guaranteeing of credit, approved by the Resolution of the Government of the Republic of Kazakhstan dated June 19th, 2005 № 745 «About approval of Rules of guaranteeing of credit by joint-stock company “Financial center”, extended to students by the banks of the second level»,

Order of acting Minister of Education and Science of the Republic of Kazakhstan dated December 9th, 2005 № 753 «About approval of Rules of credit system of education, realizing in the regime of experiment»,

Order of Minister of Education and Science of the Republic of Kazakhstan dated 19th, 2007 № 638 «about approval of Standard Rules of enrolment in education organization, realizing vocational academic programs of higher education»,

Oder of Minister of Education and Science of the Republic of Kazakhstan dated April 1st, 2008 № 161 «About approval of Standard rules of enrolment in education organizations, realizing vocational academic programs of postgraduate education»,

Oder of Minister of Education and Science of the Republic of Kazakhstan dated November 29th , 2007 № 587 «About approval of Standard rules of enrolment in education organizations, realizing vocational academic programs of technical and vocational education»

And establishes criteria and order of determination of the size of guaranteeing.

2. The size of guaranteeing depends on the progress of a student for the passed academic period at the day of receiving application for issuing guaranteeing, in case of lack of information about progress for passed academic period the final marks of attachment to diploma about education or results of UNT\CT are used. In case of availability of debt of a student in payment for education for previous academic period or several previous academic periods the progress in calculated according to the results of last examinations.

3. The progress is taken into account:

- for applicants (school-leavers) according to certificates of UNT/CT;

- for students in higher education establishments, according to the certificate form higher education establishment for previous academic period (semester, trimester, quarter), proceeding from GPA (Grade Point Average), indicated in transcript. In case of lack of GPA (Grade Point Average) the arithmetical mean of progress in 5 points system is taken into account. The marks “passed”, “is not passed” are not used for the calculation of arithmetical mean point of progress.

4. The size of guarantee by Programs of guaranteeing of educational credits with participation of higher education establishments, guaranteeing of preferential educational credits is established in General contracts, concluded with banks-partners.

5. Progress of applicants for specialties, requiring special or creative preparation, is calculated by the results of UNT/CT (by two subjects: Kazakh or Russian language and history of Kazakhstan) taking into account the results of passing special (creative) exams. Maximal number of points for one creative exam – 25. The number of special (creative) exams is two.

6. The progress of applicants for master’s degree or PhD in higher education organizations of the Republic of Kazakhstan is calculated by the calculation of arithmetical mean of the results of preliminary examinations in percentage. In case if preliminary exams are assessed by different systems of knowledge assessment, then the progress is calculated separately for each exam in percentage and arithmetical mean of received results is determined. In case of lack of preliminary exams the progress is determined by the calculation of arithmetical mean of final marks of attachment to diploma, GPA in the attachment to diploma is taken into account in credit system of education.

7. In case of enrolment of citizens, who have higher vocational education, for studying by shorten time frames, the progress is calculated by calculation of arithmetical mean of preliminary exams.

In case of lack of preliminary exams the progress is determined by the calculation of arithmetical mean of final marks of attachment to diploma, the final GPA of attachment to diploma is taken into account in credit system of education.

8. In case of enrolment of citizens, who have secondary vocational education, for relative specialties by shorten academic programs, the GPA is calculated by the calculation of arithmetical mean of preliminary exams, in case of its lack – by calculation of arithmetical mean of final marks of attachment to diploma about secondary technical and vocational education.

9. The size of guarantee is determined, proceeding from tables №1-4, depending on relevant programs of guaranteeing.

10. Point 4 starts to act from the 20th of March 2009.

Parameters for determination of the size of percent of guaranteeing

50%

65%

80%

95%

Progress according to results of UNT (Kazakh or Russian language (language of studying), history of Kazakhstan, mathematics and subject of choice) /

Complex test

from 50 to 65 (including) points

From 65 to 80 (including) points

from 80 to 90 (including) points

Above 90 points

Current progress according to results of examinations (5 points system)

from 3,5 to 3(including) points

from 3,8 to 4,2 (including) points

from 4,2 to 4,5 (including) points

Above 4,5

points

GPA (Grade Point Average)

from 1,33 to 1,99

from 2,00 to 2,66

from 2,67 to 3,66

Above

3,67

points

Progress in percentage

from 55 to 64

from 65 to 74

from 75 to 89

from 90 to 100

Table 1. Determination of size of guarantee, calculated from the amount of main debt, by programs of guaranteeing of credits, extended by the banks of the second level, for the payment for studying in higher education establishments, and also in organization of postgraduate vocational education:

Table 2. Determination of the size of guarantee, calculated from the amount of main debt, by program of guaranteeing of credits, extended by banks of the second level, by students of college:

Parameters for determination of size of percent of guaranteeing

50 %

65%

80 %

95 %

Progress by results of preliminary exams of three subjects – Kazakh language of Russian language, history of Kazakhstan and subject in profile of specialty (for applicants on the basis of secondary general education)

from 30 to 45 (including) points

from 45 to 60 (including) points

from 60 to75 (including) points

Above 75 points

Progress by results of preliminary examinations in 2 subjects – Kazakh or Russian language and subject by profile of specialty (for entering on the basis of basic general education)

from 20 to 30 (including) points

From 30 до 40 (including) points

от 40 до 50 (including) points

Above 50 points

Progress by results of UNT/complex test/in three subjects – Kazakh or Russian language, history of Kazakhstan and subject in profile of specialty (for entering on the basis of secondary general education)

From 30 to 45 (including) points

from 45 to 55 (including) points

от 55 до 65 (including) points

Above 65 points

Current progress by the results of examinations (5 points system)

от 3,5 до 3,8 (including) points

от 3,8 до 4,2 (including) points

от 4,2 до 4,5 (including) points

above 4,5

GPA (Grade Point Average)

From 1,33 to 1,99

from 2,00 to 2,66

from 2,67 to 3,66

above 3,67

points

Progress by results of examinations in credit system in percentage

from 55 to 64

from 65 to 74

from 75 to 89

from 90 to 100

Table 3. Determination of the size of guarantee, calculated from the amount of main debt, by program of guaranteeing of credits, extended by the banks of the second level, by students of higher education establishments for covering incident to education costs:

Parameter for determination of the size of percent of guaranteeing

80%

95%

Progress by results of examinations by 5 points system

from 4,2 to 4,5

(including) points

above 4,5 points

GPA (Grade Point Average)

From 2,67 to 3,66

(including) points

above 3,67 points

Progress by results of examination in credit system in percentage

from 75 to 89

from 90 to 100

Table 4. Determination of the size of amount of credit, calculated from the cots of education for academic period, guaranteed for 100% of main debt and extended by the banks of the second level for the payment for education in higher education establishments:

Parameters for determination of the amount of credit, proceeding from the progress of a student

70 %

85 %

100 %

Progress for entering in higher education establishments by results of UNT (Kazakh or Russian language (language of studying), history of Kazakhstan, mathematics and subject of choice)/complex test

from 70 to 79

from 80 to 89

from 90 and above

GPA (Grade Point Average)

from 2,00 to 2,66

from 2,67 to 3,33

from 3,34 and above

Progress of students in higher education establishments in credit system in percentage

from 65 to 79

from 80 to 89

from 90 and above

Progress of students of higher education establishments by 5 points system

from 3,75 to 4,24

from 4,25 to 4,74

from 4,75 and above

Table 5. Letter system of assessment of academic achievements of students, relevant to numeric equivalent in 4 points system:

Mark in letter system

Numeric equivalent of points

Percentage

Mark in traditional system

А

4,0

95-100

Perfect

А-

3,67

90-94

В+

3,33

85-89

Good

В

3,0

80-84

B-

2,67

75-79

С+

2,33

70-74

Adequate

С

2,0

65-69

С-

1,67

60-64

D+

1,33

55-59

D

1,0

50-54

F

0

0-49

Inadequate