The loan for the second degree is always an interest-bearing bank loan. The Credit Insitution as a state loan is only available for the first degree. The article provides more information on the possibilities of financing the second degree. Financing options are also mentioned if Astro Finance does not offer any special financing.
Second degree loan – bank loan instead of Credit Insitution.
The loan for the second degree can come into play for various reasons. Under certain circumstances, changing the course of study while receiving Credit Insitution can lead to this. However, the main thought is on the possibility of providing further training after completing the first degree. The loan for the second training is applied for at the Astro Finance. Anyone who has changed their course of study will automatically be notified of the interest-bearing bank loan when they apply for the next Credit Insitution. The application form is often included.
Nevertheless, the bank loan for the second degree is not a Credit Insitution under another name. Interest must be paid on the loan amount. Special formalities must also be followed for the repayment conditions. The repayment obligation for the bank loan arises 18 months after the last installment has been paid out. The bank loan must also be repaid before the government loan. However, the repayment period is extremely long here too. The loan only has to be fully balanced after 20 years. A deferral is also possible under certain circumstances. However, interest rates continue to run even during the deferral phase.
The student loan for the second degree.
The student loan for the second degree is offered by numerous credit institutions. These loans are usually cheaper than a consumer loan. A student loan is also adapted to the needs of student life in the payment mode. It is not paid out immediately in one sum, but in installments. In this way, livelihood is secured over the entire study period. The repayment does not start until some time after the end of your studies. This ensures an adequate career-finding phase. Note the age limit of 30 years for student loans. It is more difficult for older people.
If you no longer have access to the cheap loan for the second degree, you should think about distance learning. The advantage of this is that you do not have to give up your job. Nevertheless, practically every degree can be achieved. Without having to finance the cost of living, this loan for the second degree can even be a small loan.