Grants disbursed to 5.7 billion Kazakhstan students who did not meet their work obligations
In a significant move, Kazakhstan's courts have issued over six thousand decisions to recover educational expenses from students who violated their legal obligation to repay their grants. This recovery, spanning from 2014 to 2025, has seen a total of 5.7 billion tenge returned to the state.
The funds, amounting to 5.3 billion tenge in educational expenses and an additional 352.5 million tenge as lawful penalties, are transferred from the company "Financial Center". The transfer of funds is in compliance with Kazakhstan's budgetary laws and occurs through the Treasury Committee of the Ministry of Finance.
The recovered funds are those from young specialists who did not fulfil their scholarship obligations. The "Financial Center" noted this information about the transfer of funds. However, specific data about which university has the most students who did not fulfil their scholarship obligations was not readily available from the provided sources.
It's important to note that no information about voluntary repayment of funds by students outside of court orders was provided in this context. The funds recovered from young specialists through court orders and those repaid voluntarily are transferred by the "Financial Center" to the republican budget.
This recovery of funds was a response to a request made by AO "Financial Center". The funds are transferred to be used according to Kazakhstan's budgetary laws, ensuring they are utilised effectively for the nation's development. The funds are transferred directly to the state budget, contributing significantly to its resources.
This move serves as a reminder to students about the importance of fulfilling their legal obligations regarding educational grants, as the consequences can be financially substantial.
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