University students with financial difficulties can ask credit institutions for funding specifically designed for them and to meet their needs.
The willing young people who wish to continue their studies after graduation but have no money to support them in the project can breathe a sigh of relief. Banks and finance offer subsidized loans that allow them to attend university or enroll in a master’s degree. The secret are lower rates and, consequently, more sustainable installments for students. With the sum obtained, it will be possible to pay the fees and face the expenses related to education with more serenity. What are the requirements for obtaining the disbursement of these subsidized loans and how much are the rates applied?
Requirements for obtaining funding for university students
Failure to get a scholarship could mean for many students quitting the course of study. To remedy this serious problem, lenders have created loans designed to support young people with no income or low income in their university or post-graduate projects with enrollment in a master’s degree. The credit lines for students were created in common agreement between banks and universities in order to provide loans with sustainable installments and not too high rates. The Council Presidency has allocated € 19 million to the Youth Credit Fund to incentivize continuation in studies after graduation or graduation. The loan is based on this fund and can only be requested if certain requirements are met. The applicant must be aged between 18 and 40, must be enrolled in a three-year course or one-cycle degree program, must be in compliance with the university fees, have obtained the diploma with a minimum score of 75/100, be enrolled in a master’s degree program and have obtained a score in the three-year degree of minimum 100/110, be enrolled in a three-year research doctorate (including abroad) recognized in Italy or be enrolled in a course languages recognized by a Certifying Body lasting more than six months.
The maximum amount that can be requested to obtain a loan for university students is about 25 thousand euros. The amount requested will be paid in annual installments between 3,000 and 5,000 euros. After the first installment, the others will be disbursed following the certification of enrollment in the following years of the courses for which the loan was requested. An additional requirement is required for university students from lenders. At least half of the exams included in the study plan of the previous years will have to be passed to obtain the payment of the subsequent installments.
Accreditation of the loan for universities and masters: rates and other useful information
Funding for students who wish to attend university or enroll in a master’s program provides for the payment of a sum of money and the repayment of the debt with the payment of monthly installments within a maximum period of 15 years. Each bank will propose the application of different interest rates that must, in any case, fall within the directives established by the agreement between the Department of Youth and the Italian Banking Association. In general, the applied rates revolve around 3.75% .
To find out the rates of a possible loan you will need to request a quote from the reference bank and take a hypothetical repayment plan. Whom to contact? BNL Paribas is one of the banks that grant loans to university students. The product is called Discount and Praise and provides a fixed rate that varies depending on the university average presented. The maximum amount that can be requested is 20 thousand euros and the maximum duration to repay the debt is 120 months. Loan of Honor for Students is the solution of Unicredit aimed at students residing in Italy of Community citizenship and non-EU citizenship. You can get up to 27,700.00 euros to attend specific universities such as Bocconi in Milan, the University of Bologna or the Luiss in Rome. The rate will be fixed for the entire duration of the repayment and equal to the listing of the EURIRS parameter of the increased period of the commercial credit spread.
PerTe Loito con Lode is another product to be assessed in the event of a loan application to support university studies or the costs of a master’s degree. Intesa Sanpaolo proposes this to students who meet the previously mentioned requirements and are worthy. The loan has a duration divided into an initial period of 5 years in which the money will be disbursed every six months and a second period of maximum 48 months, defined as a bridge period, within which the student will have time to look for a job.