The easiest way to study is to stay with the parents. However, not every degree course is close to where you live. Many students have to move to the place of study to start the desired course.
In addition to the conventional semester fees, rent, internet fees and other costs are due. Parents are generally subject to maintenance. However, not all families are so well off that they can cover the costs. In this case, what options do students have to finance their studies?
Sources of money for students
If students no longer live with their parents, they can have the 192 dollars transferred to their own account by the age of 25. In addition, the parents are usually subject to maintenance. The calculation assumes living costs of just under 800 dollars. However, the difference cannot be brought up by all parents. In this case, students have the following options:
- Apply for loan: The loan is an interest-free loan that has to be paid back after your studies. A prerequisite for benefiting from the funding is that the educational path has started before the age of 30. Furthermore, the approved amount is calculated depending on the parents and comprises a maximum of approximately. 700 dollar.
- Scholarships: For students who are performing well, there is an option to apply for a scholarship. The funding is granted by church and political institutions. The grants are of different heights.
- Apply for a student loan: Any loans do not require security. Students can cover their living expenses in the form of monthly contributions. Once the course has been completed, repayment is due.
- Education loan: The situation is similar with the education loan. However, this can only be applied for for the master’s or main studies. The funding amount is usually 100 to 300 dollars.
Credit or loan?
For students who do not get a loan approved, the only option left is to take out a student loan. However, it should be noted that interest is due at this point. loan, on the other hand, is an interest-free loan. Ideally, students do not need any funding at all, as they are linked to debts.
The debts have to be paid after graduation and therefore a financial burden arises after graduation.