ESLSCA University has signed a cooperation agreement with ALGO Finance to provide a financing solution that enables parents or legal guardians of eligible students to fix their undergraduate expenses for three years without interest. The agreement was signed by Dr. Ali Al-Miligi, Chairman of ESLSCA University's Board of Trustees, Amir Suleiman, CEO of ALGO Finance, and Mahmoud Gamal, Executive Vice President and member of ALGO Finance's Executive Board.
Under the agreement, parents or legal guardians of eligible students are committed to paying the granted financing for educational expenses according to an agreed-upon payment schedule over three years through ALGO Finance's approved payment channels. The financing is exclusively provided by ALGO Finance and is subject to an independent credit evaluation conducted by the company, as well as its approval criteria and the terms and conditions outlined in the financing contract.
Dr. Ali Al-Miligi stated that students are always at the heart of ESLSCA's actions and that the university continuously seeks to establish partnerships that provide them and their families with practical solutions and greater flexibility throughout their academic journey. Amir Suleiman added that by allowing the fixing of educational expenses for three years, along with flexible payment options, the goal is to make higher education financing more flexible, accessible, and easier to plan financially for parents.
The partnership between ESLSCA University and ALGO Finance reflects the commitment of both institutions to provide effective value to students and their families through organized and transparent financial planning. The agreement aims to alleviate the financial burden on families and provide them with a stable financial plan, allowing them to focus on their children's education.
The signing ceremony was attended by several officials from ESLSCA University, including Engineer Karim Al-Hanawi, General Secretary and CEO, Hassan Al-Miligi, Chief Operating Officer, Dr. Mohamed Issawi, Director of Institutional Development, and Dr. Mustafa Abdel Latif, Financial Director. The presence of these officials highlights the university's commitment to this partnership and its importance in providing support to its students and their families.
This partnership is expected to have a positive impact on the educational experience of ESLSCA University students, providing them with a stable financial environment that allows them to focus on their studies. By fixing educational expenses for three years, students and their families can better plan for the future and make the most of the educational opportunities available to them.
Key points
- ESLSCA University and ALGO Finance have partnered to offer a financing solution that allows parents or legal guardians to fix their children's undergraduate expenses for three years without interest.
