Global School outlines student loan issues

An official statement from Global Paradigm School revealed details about the student loan crisis that has sparked complaints from parents regarding debts amounting to approximately 700,000 Egyptian pounds. It was clarified that the procedures for contracting with the financing company did not adhere to the agreed terms, and that the facilitation arrangements were the company's responsibility, with no direct involvement from the school. The school confirmed that it has terminated its contract with the finance company and has taken the necessary legal actions to protect the rights of parents. Additionally, the school announced that it will hold a meeting next week to present the review's findings and respond to inquiries. The Ministry of Education and Education also launched an investigation after discovering that student loans had been registered in the names of parents without their knowledge, utilizing their national ID data. This was reported by a parent who was affected by a loan registration of 700,000 pounds, and other similar cases were found, including loans recorded without the signatures of their owners.

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