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Does the Youth Study Loan have an interest subsidy? How is interest calculated?

(1) The Youth Study Loan's interest is fully or partially subsidized by the Taipei City Government Department for Youth for the first 10 years according to regulations.
(2) The Department for Youth will verify the latest annual comprehensive income tax rate of the applicant or the taxpayer declaring the applicant as a dependent each year in July, starting from the year following the first disbursement. If the tax rate exceeds 30%, the interest subsidy will cease from July 1 of the verification year.
(3) The interest for the Youth Study Loan is based on the indicator interest rate of the 1-year term deposit rate of postal savings, with additional interest calculated as a floating rate. The additional interest rate is announced by the Department of Education and reviewed and adjusted by the Department for Youth.