Funding for students is the credit product for all those who need extra cash to cover school expenses and their university career, post-graduate and vocational training.
In this guide we find out what student funding is, what are the characteristics and what are the most interesting promotional offers.
Loans for university students: what they are
Student loans are all targeted loans , ie forms of consumer credit that may be required for the purchase of a service aimed at supporting the studies and professional training of young people.
Generally they are also known as ” loans of honor” , as they are addressed to a particular category of subjects: that of university graduate students and / or undergraduates and / or doctoral students.
In fact, they are subsidized loans , in the sense that they are the result of agreements stipulated between banks and university universities.
Student loans: necessary requirements
Among the requisites for obtaining student funding, students must be enrolled in a three-year or specialist degree course, but also those who would like to enroll in a university master’s degree or a post-graduate course (student financing for masters) or for those who attend a PhD or an Advanced Course.
Student funding: purpose
As already anticipated, student loans are a credit product, whose purpose is to finance a study course or study period abroad or to purchase an instrument for study (a computer or textbooks to example), or to pay university tuition fees or a Masters or Professional Specialization course.
This is a personal loan with very favorable terms in terms of reimbursement: the subject is immediately financed as it does not require the presentation of the guarantor or the demonstration of an income.
The goal is to economically support the educational path of the most praiseworthy students, which is why they are favorably granted to deserving students.
Loans for non-working students: what are they?
When it comes to student loans, within this category are distinguished loans for non-repayable students or without a paycheck.
Before granting a loan, the banks verify the creditworthiness and the income situation of the applicant to ascertain whether the applicant will be able to extinguish the obligation underwritten.
But, the instant subject of the loan is a young person without a paycheck or a non-working student without income, who can apply for a non-repayable loan.
Otherwise, it will have to present a guarantor, surety or a guarantor (parent, relative or third party), which guarantees the repayment of the loan if the nominee should not be able to pay the loan installments.
Loans for working students
Worker students can start repaying the loan once the course of study is completed, without having to wait for the period of “grace” granted to non-working students.
In this case, the student workers can present the documentation related to their income situation ( CUD or paycheck ) to their university and request information on the facilities provided for this category of students.
In case I worked in agriculture, I suggest you go into the article dedicated to financing for agriculture .
Student loans: commercial offers
Among the best commercial offers Agos loans are easy to request and you can decide the amount and duration of the loan according to different needs: school, university studies or masters.
Just connect to the dedicated page and simulate the amount to be funded to calculate the installment. For example, if you need 10,000 euros, you can view the number of installments, the amount, the TAN and the APR on the screen.