Student loan: how to choose?

If you do not have enough financial support to finance your studies, you can apply for a student loan. A decision to think with all the key elements in hand. How much to borrow? How to repay? Which bank to turn to? The Student answers all your questions.

Why take a student loan?

The main reason for taking out a loan during your studies: expensive tuition fees, but also the expenses of everyday life. Ryan, 21, from Tahiti, had to take out a loan to finance his training whose high school program costs more than € 9,000 a year. “I also had to buy a round-trip plane ticket and spend some money to settle down and equip myself to adapt my wardrobe (sweaters, down jackets …),” he says. he.

All the students cannot rely on the help of their parents; it was the case of Ryan, but also that of Romaine: “They also had to finance the studies of my brothers. I knew that a school of trade imposed a steady pace, with projects to lead, associative commitments … I wanted to focus on my studies and could not take a student job,” academic scholarship school in Malaysia is very often

What are the conditions?

The conditions of access to the student loan are flexible, even if they are often more advantageous for a student in a large business school than in a university of letters. “The student loan must also be made in your name unless you are still a minor, in which case it will be done on behalf of your parents. Another condition, have a guarantor in metropolitan France who stands surety for you. Ryan, Tahitian, paid the price and had to turn to a bank in his overseas community. Note that it is from the income of your guarantor that is calculated your debt ratio since it is he who will have to repay your credit in case of default on your part.