The disbursement of student loan installments for the new 2026–2027 academic year will begin on August 1, 2026, George Sophocleous, Deputy Director of the Central Agency for the Equitable Distribution of Burdens (KFIKV), telling CYPA, and urging beneficiaries to contact the Housing Finance Organization (OHS) to withdraw the funds. He also noted that the submission of applications for the new academic year is ongoing.

Furthermore, regarding the number of applications for the first semester of 2026, Mr. Sophocleous said that 317 applications for studies have been received, compared to 416 during the same period in 2025.

Regarding applications for mortgage interest subsidies, he noted that 506 applications were received for the first half of 2026, compared to 559 applications during the same period in 2025.

In addition, he noted that for all types of applications, 969 applications were received for the first half of 2026, compared to 1,031 during the same period in 2025.

The Agency’s Deputy Director urged beneficiaries whose student loan applications “have already been reviewed and approved” by the Central Agency to visit the OCH branches in their province starting August 3, 2026 (since August 1 is a Saturday) to the OHS branches in their district to withdraw the amount allocated to them for the academic year in question.

He added that, for this purpose, they must present or mail their 2026–2027 enrollment form to the OHS, while those who have not yet registered—and for whom this academic year is neither their first nor their last year of study— they may submit their exam results from the previous academic year to withdraw the new installment of their loan and, once they have secured their enrollment, submit that as well.

He also noted that for first-year students, acceptance of the admission offer is sufficient, while for those for whom the 2026/2027 academic year is their final year of study, the recipient will be able to receive 50% of the installment upon submission of the previous year’s grades, and will receive the remaining 50% once they submit proof of enrollment.

Applications for the new academic year are still open

At this point, Mr. Sophocleous stated that applications for the new 2026/2027 is still open, and the deadline for this year is January 31, 2027.

“Current students may also apply, but this year’s application does not apply to their first year of study for funding from the Central Agency to cover the remainder of their studies,”, he noted.

He added that those eligible to apply to the KFIKV are individuals who own property in the occupied territories—whether they themselves, their parents, or their grandparents, or even their uncles or aunts.

He stated that the amounts granted for studies—always proportional to the value of the beneficiary’s property in the occupied territories—can cover annual tuition fees where applicable, as well as living expenses depending on the country of study.

Specifically, regarding the amounts, Mr. Sophocleous said that €11,000 is allocated for studies in the U.S. and Canada, €10,000 for studies in the United Kingdom, France, and Italy; €8,000 for studies in Greece and other countries not specifically named; €1,700 for studies at military academies in Greece; €5,000 for studies in Cyprus (where the place of study is different from the place of residence) and €2,500 for studies in Cyprus (where the place of study is the same as the place of residence).

At the Ministry of Finance, regulations for the “Ktizo” support program are being drafted

Furthermore, Mr. Sophocleous told CNA that the Ministry of Finance has tasked the Central Agency with preparing regulations for the Special Financial Support Scheme for Owners of Occupied or Ununencumbered properties, using the proceeds from the 0.4% fee paid in the event of a transfer via the sale of real estate and/or company shares, which is not listed on any recognized stock exchange and which, directly or indirectly, owns real estate, as well as any other revenue that may arise.

He added that the draft Regulations have been sent to the Ministry of Finance and are currently being reviewed.

He also noted that the Central Agency has been tasked with drafting regulations for the Special Plan for the Purpose of Providing Loans to Potential Beneficiaries of the “Ktizo” Scheme, for the provision of loans by the Central Agency to eligible individuals to secure the funds they need to cover their contribution toward the reconstruction of residential units.

“These Regulations are in the final stages of drafting and will be sent to the Ministry of Finance for further action,” he concluded.

Source: CNA