LAW N° 50/2006 OF 15/10/2006 OF LAW ESTABLISHING AND DETERMINING RESPONSIBILITIES OF STUDENT FINANCING AGENCY OF RWANDA (SFAR) - OG N0 24BIS OF 15 DEC 2006 | 50/2006 OF 15/10/2006 — Rwanda law | Esheria

LAW N° 50/2006 OF 15/10/2006 OF LAW ESTABLISHING AND DETERMINING RESPONSIBILITIES OF STUDENT FINANCING AGENCY OF RWANDA (SFAR) - OG N0 24BIS OF 15 DEC 2006

This article creates the Student Financing Agency of Rwanda (SFAR) and says it has legal personality and autonomy in administration, asset management, and staffing.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Act or statute
Citation
50/2006 OF 15/10/2006
Status
Not in force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
agency governance appointment asset management audit board governance board meetings board membership board procedure board remuneration board resolutions budget approval budget management budgeting bursaries bursary administration director participation director removal education financing employment finance gender composition governance higher education finance internal audit +27 more

Statute overview

About this statute

This article creates the Student Financing Agency of Rwanda (SFAR) and says it has legal personality and autonomy in administration, asset management, and staffing. SFAR’s headquarters is in Kigali and may be moved elsewhere in Rwanda if necessary. This article defines key terms used in the law, including candidate, student, student loan, bursary, and higher institution of learning. The education cost for a student who receives a loan is reduced under the agreement SFAR makes with the student and the State. A ministerial order sets the criteria for student loans, repayment, and how the student and Government share education costs.