Sometimes you want to continue or start studying, but you don’t have enough funds to do it. Often a student cannot get a scholarship or enough scholarship to study.
Requesting and accessing student loans is a way to resolve the situation. There are lines of credit specifically designed for those who need support to enroll in the university or a master’s degree.
This funding comes from banks and universities and allows young people to have small installments at low rates. In this way the students can pay the fees and easily cover various expenses. Let’s see how.
What is student loan
There is a 19 million euro youth credit fund established by the Council Presidency with the Youth Department to allow young people to have the guarantees to have the training they want.
To apply for a loan, you must be aged between 18 and 40 and you must submit one of the following requirements:
- be enrolled in a single-cycle degree course or enrolled in a three-year or master’s degree course with a three-year degree obtained with a minimum grade of 100/110;
- be enrolled in a specialization course after graduating in medicine and surgery with 100/110;
- be up to date with taxes;
- having graduated with 75/100;
- be enrolled in a minimum of six months recognized language course;
- be enrolled in a research doctorate abroad recognized in Italy and with a three-year duration;
The loan cannot exceed 25,000 euros, it must be disbursed in annual installments between 3,000 and 5,000 euros. The installments following the first installment will be paid after enrollment in subsequent years and at least half of the exams in previous years.
How to return the university loan?
The refund of the requested amount must be completed within fifteen years, but it cannot be reimbursed before the thirtieth month following the last installment. It can be returned for a minimum of three years.
Below is a list of the banks that have currently accepted the initiative reserved for university students (the list may vary):
The student loan of honor
This type of loan g is reserved for students of the regions with difficulties such as:
The honor loan for students is granted to students enrolled on three-year degree courses and specialist or master’s degree courses. Even those who attend Masters of I or II level or post-graduate specialization schools, or those who follow advanced courses or a research doctorate can apply for a loan.
The loan can cover the costs of course fees, books, board and lodging expenses. However, merit requirements are mandatory and a minimum number of CFUs must be respected.
The loan comes in two or three years, the repayment can begin after three years to help the student find a job to repay the loan of honor. A third party guarantee is not required.
Documents required for loan application
Required documents for student loan applications are:
- Fiscal Code;
- Valid identity document;
To find out if other documents need to be provided, it is necessary to request information from member banks that allow students to obtain the loan. Read the list and choose the best bank for you and your needs.
If you have any doubts about the loan request for students with an accredited bank or for an application for an honor loan, ask an appointee for an appointment.
To get a student loan with favorable rates and easy repayment installments, we recommend doing a little research and comparisons before requesting the sum. Check the TAN and the APR or the interest rate and the synthetic total cost of the loan with the commissions to pay for the loan, helps to save.
To apply for a loan it is also possible to look for banks that allow you to follow the loan in a short time. With the online procedure you can decide the conditions of the contract and the interest rates.
To find out the interest rates and the monthly payment that you will have to repay, you can also request a quote that can give you an idea of how much you are going to spend. The estimate is free and in no way binding on the student loan request.
The estimate is indicative and the values may change slightly with respect to the final contract. The person in charge or the person in charge will be able to advise you on how to apply for a loan, waiting times and options for repaying the sum.
Finally, we refer you to reading the guide dedicated to the loan without a pay slip .