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In the Magadan region, young teachers will help with the payment of the mortgage
The Magadan Region approved the procedure for granting social payments to teachers as part of the mortgage lending program for young teachers in 2014-2020. About that reports the press service of the government of the region.
As explained by the acting. Tatyana Khramtsova, Minister of Education and Youth Policy of the Magadan Region, school teachers under the age of 35 can become program participants. They must work at least one year in a general education institution and give an obligation to work there for at least five years in the future. “Social payments are provided to pay the initial payment on a mortgage loan in the amount of 30% of the estimated cost of housing and to compensate for covering the difference between the interest rate of a credit institution and 8,5%. Thus, participants will receive preferential lending terms - 8,5% per year, ”she added.
The Vice-Governor of the Magadan Region, Nikolai Karpenko, noted that this measure of social support is aimed at attracting young specialists to schools and improving their living conditions.