Today, higher education is a very expensive pleasure. Not everyone can afford it, but almost everyone has a desire to receive such an education. Therefore, newly-minted students get a job part-time, rely on the help of their parents and the fact that with the new semester the price of tuition will not jump again. But there is a simple way out that will allow you to avoid worries about tuition fees - these are student loans.
Student loans - what is it?
Higher education requires serious financial investments, and not every student has the necessary amount to pay for the knowledge that he receives. Therefore, banks introduced student loans, that is, the issuance of loans to students to pay for higher education. However, everything is not as simple as it seems at first glance. Students are far from the most well-to-do layer of the population, and therefore they are on the black list of creditworthiness. In fact, the banks themselves decided to give loans to students and now they themselves refuse to do so. They are afraid of financial losses, because, as already mentioned, the tuition fees are high, and students are not rich. But still, student loans exist, and students will be given a loan at Sberbank or any other bank in any case, but only if certain conditions are met, which can be extremely stringent.
Unsecured student loan
If you are a student and want to take out a loan without collateral, without third parties and guarantors, then you may have certain difficulties.
Unsecured student loans are issued by most banks only if they have reached 23 years of age. But after all, students graduate from their universities before this age, however, the bank is still more important to guarantee the return of credited funds, so you will not do anything - you will have to wait 23 years and take a loan for training when this training is already completed. Absurd absurdity! How to get a loan to students from the age of 18, when they only enter a higher educational institution?
Student Loan Loan
For an eighteen-year-old student, the only way out is to take a secured loan.
This means that for the entire period of study you will associate yourself with any third party debt obligations. Of course, there is the option of collateral, but not all banks consider it. In addition, if a student does not have money to pay for his studies, where will he find the funds for depositing money? Therefore, student loans are most often issued through third parties, through an intermediary, or under a guarantee. If you have a good relationship with your parents, they will be the best third party you can find. Parents are always well off to take out a loan, but more often than not, this is not a suitable option. If parents have money to pay for a loan, then it is easier for them to pay for their studies immediately. A more common situation is when a student already lives independently and does not depend on his parents. Then you’ll have to look for another guarantor to take out a loan and pay for training.