Sri Lankan citizens pursuing studies abroad are permitted to borrow funds (Student Loand) from foreign banks, financial institutions, universities or educational institutions to meet tuition/living expenses. Parents and guardians of students are permitted to repay Student Loans provided by foreign lending institutions through licensed commercial banks in Sri Lanka.
This is only an overview of the applicable law, and should not be relied upon as legal advice or recommendation by D. L. & F. De Saram, a leading law firm in Sri Lanka. If you require our advice, please be good enough to contact us on desaram@desaram.com
