It is not surprising the desire of many university students, to try to overcome the negative perspectives that there are in youth employment in our territory, – where unemployment among its members has reached the quota of 56% -, they choose to leave our borders to initiate or expand their university studies and, in this way improve their positions to enter the labor market.
Have you thought about expanding your academic horizons?
Now you can study and exchange projects in universities abroad, whether public or private institutions. Includes travel and stay costs, as well as those derived from the training itself. This format in the ways of financing is constituted as another incentive to improve the academic record and face better prospects of guarantee before the important challenge of finding employment in Spanish companies.
It is not surprising, therefore, the desire of many university students to try to overcome the negative perspectives that exist in youth employment in our territory, where unemployment among its members has reached the quota of 56%, according to the latest data recorded and being To the tail of member countries of the European Union, only ahead of Greece, they opt for this educational model.
To face it, the recipe lies in improving training, which in many cases involves going to schools abroad, especially those of greater academic prestige. However, this educational option for Spanish university students is not always easy to achieve due to the excessive economic cost that must be faced and, in many cases require the formalization of a loan to access these studies.
For this, the banks have developed a series of very well-defined proposals that cover all types of university studies, from a career to their extension to a master or postgraduate course, and that are offered under conditions not at all favorable to their interests, moving the interest rates that apply between 6.50% and 8.00%. However, they are not available to all university students, as entities often demand good academic records from their applicants.
On the other hand, although they do not require personal or family guarantees, they can include commissions that cost the product up to 2%. In any case, their main contribution is the period of lack that they include in their clauses, – and those lacking other less specialized financing models – in which only interest is paid and allow students a greater relief to face their debts during the first years of studies.
They are not uniform designs, and although students’ wishes to go abroad to improve or expand their training prevail, there is also a lack of proposals in which cultural exchange is subject to the criteria for selecting candidates, which are financed also travel expenses such as stay and provided that the requirements of the lender are met.
Banking Sector Responses
Good Finance provides as a solution to cover these expenses, giving its claimants the total cost of their stay abroad with a maximum of 18,000 dollars and, from which the students and graduates are beneficiaries up to 31 years.
An interest rate linked to the European reference index plus 5.50% is applied, and with the incorporation of an opening fee of 3.00% and a cancellation and amortization fee of 1.00% . On the other hand, it contemplates a maximum repayment period of 4 years and up to 1 year of lack of capital to benefit from this financing.
Good Credit for those who wish to complete their training abroad has a financing for their studies that provides them with an amount less than 45,000 dollars. This banking proposal is made with an interest rate of 7.91%, and also with an opening commission of 1.00% and another for early repayment compensation of 0.50%.
It provides a more flexible return period of up to 10 years
including the period of lack. As an additional contribution for contracting, it contemplates the possibility of paying interest only during studies (lack) with a maximum term of 5 years.
Also, when the cost of tuition for studies is less than 15,000 dollars, other expenses related to the studies, such as material and rental of housing, among others, may be financed.
It serves to study a bachelor’s degree, a master’s degree or a postgraduate course outside our borders, which also includes the travel and expenses of the stay to the country of destination.
The maximum amount that can be demanded is up to 30,000 dollars, with a term to return it that is equivalent to the official duration of the race plus 5 years. With respect to the interest rates applied, the first year is fixed and the subsequent one is referenced to the 12-month Fine Bank.