In the fall, children go to school. And if the university is just around the corner? How can I pay for tuition without significant damage to my personal budget? There is one option - get a loan for education! Under this program, the bank will transfer funds directly to the university - and you are a student. A monthly fee will not have a significant effect on a strong family budget. For registration, you must carefully read the conditions.
What is a student loan ?
Based on statistics, the majority of students abroad receive education on credit. In Russia, this type of lending is less developed and in demand. Often, a loan for urgent needs is in great demand. The loan term, as a rule, is shorter, and the amount drawn up is quite enough to pay for training. Many banks offer loans for education at good interest rates. However, state regulation of this type of lending is underdeveloped.
Options
In addition to a standard consumer loan, the target value of which is not necessary to prove, there are other ways to obtain a loan to pay for higher education. One of the options for this loan is a loan guaranteed by a legal entity. As a rule, in this case a loan is issued for a second higher education. In this case, the borrower must be over 25 years old, which is a prerequisite for registration.
What to do yesterday’s students who, due to unforeseen circumstances, did not enter the budget department, but really want to become qualified specialists? Parents can apply for a higher education loan for such individuals, choosing the optimal conditions. Thus, this type of lending cannot be recommended directly to the applicant.
Preferential loan for education
Most universities cooperate with banks to conclude a loan on concessional terms. The contract is concluded for a period of six months to 11 years. The loan is issued in installments, each semester by transfer to the university account. Payment receipt for a new semester is possible only as a result of successful completion of the session. In this case, the loan is issued to the student, the guarantor is one of the parents.
Documents required for registration
To complete the contract, you will need a passport, the name of the educational institution and a surety. The surety must provide a passport and a certificate confirming solvency.
Can I get a loan for education abroad in Russia?
Currently, studying abroad is very popular. Diploma holders who have received education abroad receive 2-3 times more wages than Russian qualified specialists. Many banks cooperate with foreign universities and are ready to provide loans not only for education, but also for accommodation. The list of required documents includes: passport, name of educational institution and guarantor.