The times when each person could count ongetting free higher education and guaranteed employment, unfortunately, are far behind. Of course, in modern universities there are still budget places, but every year their number is decreasing. And given that the cost of paid tuition increases from year to year, and not every family has such means, many parents begin to think about obtaining an educational loan.
pros
The most important advantage is, undoubtedly,the opportunity to get an education in the university of your dreams. Moreover, as a rule, debt repayment is calculated in such a way that during the course of study it is necessary to pay only interest, and the loan body can be returned to the bank after graduation. There are several other advantages in obtaining an educational loan:
- loans are issued not only to those who plan to enter the inpatient department, but also to students who prefer correspondence or evening form;
- programs extend not only to universities and institutes, but also to other educational institutions: academies, colleges, technical schools;
- more and more banks are offeringthe possibility of starting the payment of the principal debt and the interest accrued on it, not from the moment of receiving the diploma, but three months later, that is, the graduate has time to find a job;
- the possibility of state subsidies is also very useful: using it, you can halve the cost of an educational loan;
- the bank always independently transfers the necessary amount to the account of the educational institution and does so on time.
Every year, like all other types of lending, this type is becoming more accessible to people - banks offer the most loyal and favorable conditions.
Minuses
Any medal has a downside, and student education loans are no exception:
- Perhaps the main drawback is that the majority of banks agree to cooperate only with those educational institutions that have state accreditation;
- banks pay attention to not only the choice of the university itself, but also to the profession, which the borrower wants to master, assess its prospects, relevance and reliability;
- almost always there is a need to makepledge or provide the bank with guarantors (as a rule, the relatives of the student, as a rule, act as a collateral, and a car, real estate or securities can be used as a pledge);
- if the student does not pass the session or decides to stop training, the termination of the transaction will cost him a very round sum.
Before applying for an educational loan, you should carefully weigh the pros and cons, as well as select a profitable banking offer.
Conditions and interest
The first bank to introduce such programswas "Sberbank". However, soon this trend was picked up by many other institutions. However, most of them provide an opportunity to get an educational loan in Russia on such conditions:
- the loan is issued in rubles;
- The repayment period is 10-11 years;
- interest rate - 12-20%.
Some banks, among other things, giveopportunity to get a loan for study abroad, but in this case the borrower's age must be more than 21 years, and the interest rate is much higher.
