What are the Requirements for a Student Loan?

[Suba]

A student loan is a type of loan that is specifically provided to help students complete their studies such as paying for tuition fees, buying books, college equipment, accommodation costs, etc. Student loans will begin to be paid or settled after the student has finished college and found a job.

The main requirement for taking a student loan is that the student must be a citizen of the country where he is studying, so student loans are not intended for foreign students. A student must also have been registered at least part-time in completing his education, in addition, students must also meet minimum academic standards such as a minimum GPA of 2.0, and have completed at least 3/4 of the credits of the amount that must be completed. After a student can complete all the requirements, the student then signs the Loan Agreement Letter, and the student will also receive counseling before receiving the loan money.

 

[Min George]

In my country, you must have a valid admission letter and a national identity number. Loan is disbursed to school account.

 

[Springtime]

In my city, if a student applies for student loan which is only available for university students, you have to prove that your household's income is below a certain amount which makes you unable to afford the tuition fee and other expenses such as learning materials.

 

[King Belieal]

In my city, if a student applies for student loan which is only available for university students, you have to prove that your household's income is below a certain amount which makes you unable to afford the tuition fee and other expenses such as learning materials.

That means the student loan in itself is not just for anyone that feels to access it. Is that available for international students?

 

[Springtime]

That means the student loan in itself is not just for anyone that feels to access it. Is that available for international students?

That I am not sure. But I wild guess is it's just for local students.

 

[Kross]

Student loan in my country requires that one has a Bank Verification number and is a student at the time of application.

 

[pousinha]

The main requirement for taking a student loan is that the student must be a citizen of the country where he is studying, so student loans are not intended for foreign students.

In my former country, students loans were also granted to Albanians students, despite their lack of EU citizenship, due to a bilateral treaty between my former country and Albania. I don't remember now if a minimum GPA was a requirement for Albanians as it was compulsory for EU students, considering Albanians were favoured because they came from a very disfavoured country (during my age, Albania was a very poor country, scenario of various wars).