The time has come when you enter an adult and independent life. I ended up putting delicious mommy dinners under the nose. The times when my mother washed your dirty socks and sent your bed for you and cleaned the room with a flash, are gone forever. You became a student.
Once you have entered the ranks of the student brothers, the first problem becomes the issue of your residence, assuming you study outside the home. You don’t have any wealthy parents who can afford to rent a super luxury apartment. In fact, your parents can’t afford to support you during your studies or you don’t want such help because you want to be independent. As for the apartment, you have two options, or you will share them with several people or choose a dormitory, where let’s not hide, it is not so easy to get there. However, you have to pay for the dormitory. The social scholarship is not a dizzying sum, and scientific is already a matter of your learning, you never have a guarantee what your average grade will be. For this, after all, you need to eat and dress something, let alone the more pleasant side of student life, i.e. parties. As you can see, you spend quite a lot in front of you.
What to do to stay in college?
Do not worry. You are not the only one asking yourself this question. Yes, it is not easy, but remember that there is no situation without a solution. Even if you study full-time, you can take up an occasional job, which is not lacking in large cities for students. However, then you have to take into account that you will have less time to study. However, if you want to devote yourself to science, then you must find another source of income. It is known that a good diploma gives you better opportunities in the future. The knowledge you acquire and demonstrate in college will pay off in the future. With a wide range of knowledge, good grades and a beautifully defended master’s thesis, you have a better chance of finding a good job and climbing the career ladder. Student loans and credits are a chance for your livelihood.
Where to borrow
By entering websites and typing in the search engine slogan: student loans, you will immediately get a whole bunch of proposals from various institutions that will gladly open their arms so that you could just take a loan from them. However, do not be fooled by the beautiful words of the charming lady in the bank window or advertising slogans on TV. Keep your eyes open before making a decision to borrow money. As has been said above on the internet, this type is full of offers. You are still a young person, you do not need to know about bank hooks and traps written with a small print. So where is the best borrowing? Remember it like Amen in a prayer, only in reputable banks that have many years of tradition.
Never direct your steps towards banks and quick payday loans, because you’ll drown, you won’t even know when it will happen. Why? Well, such banks have a horrendously high interest rate on these loans, you will practically have to give back almost the same amount as you borrow from them. In addition, if you do not pay the installment or total cash on time by phone, there will be no end to debt collection companies. Forget about the fact that you can ask for repayment less and longer etc. None of this. In a normal banking institution you will get a loan on such terms as you can afford, and in case of unhappiness and problems with repayment, you can always ask for the restructuring of such a loan or get along with the bank in a different way to pay off your obligations. Direct your steps to a financial advisor to help you find the most favorable banking offer.
Student loan only
On the Polish market, banks offer many preferential loans for students. What are these loans like? Well, this is the best solution of all possible, because part of the interest on this loan is subsidized by the state. In addition, its other costs are really very low compared to other consumer loans. You can use such a loan for your needs during your studies and even invest it, the choice is yours. It is important here that you are a student (no matter what university and in what mode) and that you start your studies before the age of 25.
The main idea of such a loan is to support students whose families cannot afford to finance their children’s education. Therefore, every year, in addition to the interest rate on this loan, a maximum monthly income per person in the student’s family is also set. The amount of this income is determined by the Minister of Science and Higher Education (always at the end of December of a given year). The interest rate is provided by the National Bank of Poland. Remember also that such a loan, like any other, requires you to submit relevant documents, i.e. an application for granting it, a list of your family’s income, a certificate from the university that you are studying and applications of guarantors. Yes, the loan must be guarantors, most often they are parents or someone from the student’s family. You will receive such a loan for the entire duration of your studies, but up to a maximum of six years. If you choose a PhD, its period will be extended by an additional four years.
This loan is paid to you each month in equal installments, except for holiday months. From 2016, 800 zlotys are credited to student accounts each month. You start paying back the loan 2 years after graduation. Also remember that if you are in this lucky group of 5% of the best students, you can count on a partial cancellation of the loan. However, not all banks grant such loans. Before you decide to take it, make sure that this is the loan.
Is it worth taking a loan then? If you have no other choice but you dream and have the potential to study, then by all means. It is important that you do not buy the proverbial pig in a poke. Yes, you will have a commitment for the future, but after all you study to have a good job, and if you get one, you have plenty to pay back your loan with.