Student loan: all the information on this loan.

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Many students have to deal with the various expenses that are asked of them during their student life, especially regarding housing, registration fees and all of their current needs. A student loan can be granted in certain cases.

Conditions for obtaining the loan

Conditions for obtaining the loan

To qualify for a student loan, a number of conditions must be met. The first is to be actually enrolled in an institution of higher education to obtain a competition or a diploma. The borrower must be French or a citizen of the European Union. Finally, this loan can only be purchased for students under 28 years of age.

Features of this student loan

Features of this student loan

The student loan can be obtained for each student even if he does not work and regardless of the wages of his parents. Similarly, no guarantor is required for this type of loan because current legislation allows each student to have the opportunity to obtain this loan.

This project is part of the government’s desire to support these students because the State then represents the guarantor of the loan taken out with the project’s partner banks. All branches are entitled to a student loan.

Obtaining the loan

Obtaining the loan

The loan amount depends on the bank that signs the contract. In any case, this amount can not exceed 15,000 USD. The advantage of the student loan is that the capital will only be paid back at the end of studies when the student returns to working life.

The loan, as stated in the contract, is granted to finance the studies and this can include both actual registration fees but also school supplies and books as well as anything related to the period in which the person is a student so also the payment of rents, bills and food.

The loan can last from two to ten years depending on the situation. It can nevertheless be refunded in advance before its term.

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Considered as a consumer credit, the student must be informed before signing the scope of his commitment, his duties as well as his legal right of withdrawal.

The student may also choose to combine insurance with his loan to guard against certain risks, including unemployment or certain financial problems. Banks offering student loans.