There are now many providers of such student loans – state, private, regional or subject-specific. Student loans & study grant “Study funding made easy! About Student Loans & Scholarships. Most students take on a student loan during their studies or for study / rental financing (furniture, books,…). However, this raises the question of whether it makes sense to take out a student loan.
And what is a student loan?
Studying is time consuming and often requires the full concentration of the student. Rental costs, food, internet access and books are part of student life. However, those who not only have to do domestic chores, examinations and working groups during the study visit, but also have to pay for their own maintenance, quickly neglect their learning and their performance falls.
And what is a student loan? Unlike installment loans, student loans are usually not paid in a single installment but in monthly installments. The main purpose of a student loan is to earn the student’s support. Therefore, the payment is also made in installments, so that the loan can be well divided and students secure their regular living costs.
Lenders grant student loans
Another special feature is that students do not have to start reimbursing their credit immediately after the payment. The repayment modalities are usually adapted to the needs. The repayment is usually only a few weeks or years after graduation. This gives the student a chance to gain a foothold in their professional lives before the high installments become due.
As a rule, lenders grant student loans only to students who are studying at a state university. As a rule, only full-time students are co-financed. Part-time studies are usually not funded. In addition, many banks only grant special loans for initial training.
Often it is not possible to take out a student loan for a second degree. By whom are loans granted to students? Only a few banks grant special loans to students. In addition,other banks offer special loans for trainees. Therefore, a comparison of the current offers before a student loan is proposed.
Ideally, the interest rates are quite favorable and the amortization should be variable in terms of the rates of installments and any special payments. It should not be overlooked that the granting of a student loan may be subject to different conditions, such as a certain grade. If these credentials are not presented, it is possible that the study program will no longer be co-funded.
Student job and you can focus on your studies
Anyone who wants to submit a loan application should therefore inform themselves in advance about the conditions. Loans for students have advantages and disadvantages. You do not have to have a student job and you can focus on your studies so that the duration of your studies can be shortened. A student loan enables students to study independently and extra-occupationally.
Losing part-time employment can jeopardize a student’s existence threat, and the student loan provides security. The disadvantage is that loans for students with high financial burdens go along with the degree program. If you cancel your study visit, the refund is much more difficult. In the student apartment the hotel room, the ticket and the course fees have to be paid.
Most students are therefore required to take up student work. But which activities are particularly profitable for students? One thing to keep in mind: If you want to maintain your student status despite your work, then you must adhere to two requirements when completing your job. Short-term employment may not last longer than 50 working days or two months per year.
Atractive option for all students
If long-term employment is chosen, students must seek a mini-job or a so-called minor job. Those who want to continue their careers while studying benefit from a wide range of job opportunities. One option is a so-called HiWi office where the students work as a research associate on a chair.
Nevertheless, a HiWi job is an attractive option for all students who have their career prospects in science or college. Otherwise, the selection of activities depends primarily on the study. Activities as exhibitors at stands, pubs or in the service area are very much in demand. As fair hostesses female students get a lucrative salary.
Waitresses are a classic student job. One of the benefits of sitting in a pub or pub is where students can keep some or all of the tips. However, student waiters should be able to operate relatively variably as times vary widely and sometimes last into the wee hours of the morning.
Students who have little money but no time for a part-time job must apply for a student loan if necessary.