It is not always easy to finance the costs of higher education. Tuition fees increase every year, and despite parallel work, scholarships and help from relatives, students find it increasingly difficult to pay for their studies.
A solution to this exists, it is to borrow money to finance the education years and pay the tuition fees. They are study points.
What is a student loan?
A student loan is a consumer loan with a low reimbursement rate. It is a bank loan for French students enrolled in a higher education institution between the ages of 18 and 25. It allows financing costs of the university business, expenses for rent, transport, purchase of equipment, etc.
The repayment of the student loan takes place over a longer period, and the student is given a grace period to pay the loan after the end of studies.
We find two types of student loans which is :
- government-guaranteed student loans;
- traditional bank student loans.
What are the best student loans?
Many banks offer student loans, and they vary from bank to bank. We find zero interest loan which involves repayment of the borrowed amount alone and the banks with repayment rate.
Credit agricultural: a TAGE rate of 0%. The amount borrowed can reach €50,000 over a period of 10 years.
CIC: industrial and commercial credit provides student credit with a fixed TAGE rate of 0.9%. The amount borrowed can reach €80,000 for a period of 10 years. It also offers loans guaranteed by the government.
BNP Paribas: the amount to be borrowed can reach €75,000. With a TAGE rate of 1.0% for a duration of 12 years.
LCL: a student loan with a TAGE interest rate of 1.5%. It can extend up to 10 years for an amount varying between €1,500 and €75,000.