ASPU President  Dr. Yasser Hourieh, signed a memorandum of understanding with the  Saudi -French Bank aiming to grant students wishing to enroll in the university personal loans to pay due tuition fees and installments.

Dr. Hourieh stressed the importance of partnership with Bemo Bank and the great confidence entrusted  to the management of the bank and its services, pointing the role of this agreement in helping students to complete their educational process  and in motivating students to achieve academic.

He pointed to upcoming steps aim at developing banking dealings with the bank in opening accounts for students and dealing with them according to  remote registration  system and transfer from Bemo Bank directly to ASPU  account, so as to save  time and effort of  students and management.

The Bank’s representative  Jude Badra said  that the importance of this agreement  lies being a strategic partnership with one of the most important and largest private universities in Syria in terms of the number of students and several  headquarters, pointing to  future plans to support this sector in line with the bank's social and development goals.

The memorandum states that the  Bank undertakes to transfer the fees and installments from the loan amount granted to the borrowing student to ASPU  open account, at the beginning of each semester separately, and to provide the University with a list of students,  beneficiaries of the education loan , and the university authorizes the bank to review the student's status and waives his rights to receive the official documents and certificates from the university in case he fails to pay any of his obligations towards the bank.

ASPU, on the other hand,  undertakes not to hand over any student who has obtained a loan from the Bank and has been unable to repay , any document issued by the University unless informing the bank and also to notify the bank in case of interruption or freezing their studies or deprivation or if they move to another university or educational institution or If they travel.