ARMENIAN GOVERNMENT EARMARKS $1.2 MILLION FOR STUDENT SCHOLARSHIPS IN 2009

ARKA
Apr 30, 2009

YEREVAN, April 30. /ARKA/. The Armenian government plans to earmark
$1.2mln for student scholarship programs this year.

The funds will enable the most diligent Armenian students to study
aboard, as part of the Luys Foundation, RA Prime Minister Tigran
Sargsyan said Wednesday at the RA National Assembly.

The foundation’s program of actions ready, the executive director of
Luys will soon move from Boston to Armenia as a permanent resident
to be able to keep a constant watch over the program implementation.

The government will grant a $20,000 scholarship to each student,
the premier said. "The private sector is the only sponsor of the
program and we are making efforts to attract funds amid the crisis,"
Sargsyan said.

The government plans to expand the program to be able to grant more
scholarships for Armenian students to study abroad, the premier
concluded.

Established in April 2008, the president-backed Luys Foundation
helps Armenian students study at the best universities abroad. RA
President Serzh Sargsyan is the Chairman of the foundation’s Board
of Trustees.