Depending on the provider, students can also apply for a student loan as a one-off payment. However, the one-time benefit ceilings are different from those for student loans, which are paid to the borrower in monthly installments. Student loans Students can apply for a student loan from various banks. The study loan of private banks differs from any other installment loan for free use, except that the one-off payment of the loan amount is generally used in the broader sense of student financing. However, students should not take out student loans until all other sources are exhausted.
Where the credit trap for the poor students slumbers.
More and more teenagers in this country do not answer such questions of pleasant part of student life. This applies in particular to the five countries which levy tuition fees of up to USD 500 per half-year. “Almost a quarter of the contributors are living in a difficult economic situation,” complains the chairman of the School.
Above all, since student life can cost up to $ 1,000 per day depending on the country, the average is just over $ 760. To relieve many students are committed to the banks. Last year alone, a good 17,500 new students took advantage of the monthly average of 480 USD.
“First, the student should recognize his alternative,” recommends the editor of the magazine financing. Because the loan is an economic burden for many years. “Next year, it will be the first National Scholarship Program that the government wants to promote gifted students. Because the Ministry of Education agrees that in five years 160,000 students will receive 300 USD per month.
After all, interest rates are currently quite good at many institutions. In an investigation, the Center for Higher Education (CHE) examined 36 bonds. However, it is difficult for students to find a suitable job offer – the job market is too confusing. “Often the student has to consult the house bank to understand the money.”
The student loan is currently available for 3.34%.
At present, the Frankfurt Institute charges more than double the effective interest rate for the repayment of its loan. However, the interest rate remains constant over the entire duration, while the credit facility can be increased every six months up to a ceiling of currently 8.35%.
“If you are not careful, you will not pay interest.” “For the student, this has the unpleasant side effect of paying the accrued interest already on the monthly payment of the house bank. However, if he presents a proof of payment, he moves the interest on him. Anyone who has been able to arrange a monthly payment of 300 USD with the house bank must ensure that the amount goes down every day.
Three years later, he gets only 268 USD, calculated “financial test”.
Some providers, such as Dundes Bank, on the other hand, usually shift interest rates. Students should also be aware that the interest rate on the repayment phase of the loan is often undetermined. Students should not be impressed by the low interest rates during the payout phase. Second
Because spending is much more important in the time of loan repayment, the expert warns. For some students, a fund solution might be of interest. The principle is quite simple: In the Lübeck school, the student gets up to four years 250 USD per month. Destitute. If he has completed his degree, he must reimburse a performance-based fund contribution from a gross annual income of at least USD 30,000.
The new students should then – as in a contract between the generations – be favored by this amount. A university graduate who receives $ 10,000 for his or her university studies will pay five percentage points of his gross income in five years. The company currently manages seven such training funds. “Many students realize how much they need a high school diploma.”
“If you can not find a job, you will not have any problems with lending rates.” “If you can withstand your maintenance to some degree and only want to get rid of tuition fees, it’s better to take a tuition loan. At present, only in North Rhine-Westphalia, in Lower Saxony, in the Free State of Saxony, in Baden-Wuerttemberg and in the Hanseatic cities, general tuition fees are levied, but these are only due after vocational training.
With this special loan, the respective Dundes Bank or savings banks transfer the tuition fees directly to the university. At present, credit institutions charge little interest for it. More than 88,000 students receive a corresponding loan from NRW Bank in North Rhine-Westphalia alone. Those who come along at the same time can elegantly avoid campus tolls.
Because their training support is credited to the repayment of the loan. Therefore, the student may not have to reimburse the tuition fee. There is also a suitable loan for the end of the study visit. To bridge these times, students can receive a loan from the local student organization’s loan fund.
“However, this requires someone to vouch for the student and to certify an expert that a degree is expected within the next two years,” says “Financial Test” expert Backofen. The student can receive up to 300 USD per month for up to two years from the loan. If necessary, you will receive up to 3600 USD as a one-off payment.
More than 120,000 students have been granted such educational loans since their inception in 2001.