How to apply for a loan for education

In the autumn, the children go to school. And if the university is not far off already? How can you currently pay for training without significant damage to your personal budget? There is one option - to apply for a loan for education! Under this program, the bank will transfer money directly to the university - and you are a student. The monthly fee will not significantly affect the strong family budget. For registration it is necessary to carefully read the conditions.

What is a loan for education?

On the basis of statistical data, most of the students abroad receive education on credit. In Russia, this type of lending is less developed and in demand. Often, there is a strong demand for a loan for urgent needs. The loan term is usually smaller, and the amount 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 poorly developed.

Options

In addition to the standard consumer credit, the target value of which is not necessary to prove, there are other ways of obtaining a loan for payment of higher education. One of the options for this loan is a loan under the guarantee of a legal entity. As a rule, in this case a loan is issued for a second higher education. In this case, the borrower's age must be more than 25 years, which is a prerequisite for clearance.

What to do yesterday's schoolchildren who, due to unforeseen circumstances, did not go to the budget department, but are very willing to become qualified specialists? A loan for higher education for such persons can be arranged by parents, choosing optimal conditions. Thus, this type of lending can not be recommended directly to the entrant.

Preferential credit for education

Most universities cooperate with banks for concluding loans on preferential terms. The contract is concluded for a period of six months to 11 years. The loan is issued in installments, each semester transfer to the university account. Receipt of payment for the new semester is possible only as a result of the successful surrender of the session. In this case, the loan is issued for a student, the guarantor is one of the parents.

Documents required for registration

For registration of the contract you will need a passport, the name of the school and a guarantor. The guarantor must provide a passport and a certificate confirming the solvency.

Can I get a loan for education abroad in Russia?

At present, learning abroad is very popular. Diplomates who received an education abroad receive a salary 2-3 times more than Russian qualified specialists. Many banks cooperate with foreign universities and are ready to provide credit not only for education, but for living. The list of necessary documents includes: a passport, the name of the institution and a guarantor.