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About Student Loans Info Guide 2022

Student Loans: Everything you need to know. Discover in our App a Guide to student loans or Loans for education.

A student loan is the money you borrow to help pay for studies and thus achieve academic goals. This type of loan does not differ much from other loans. However, the process of obtaining and repaying a student loan has some special peculiarities.

Learn everything you need to know about the loan process, the amount you can borrow as well as the interest rate and fulfill your dream of a good education at the best universities.

The money borrowed can be either by the government or a private lender. This money should be earmarked to pay for college tuition, accommodation, food, books or other related expenses. This money will later be paid back with interest. The interest will vary depending on the term of the loan and is based on the Consumer Price Index or RPI, which measures the evolution of the cost of living.

Interest begins to be charged from the day the Student Loan Company makes the first payment to you or your college, until your loan is repaid in full or cancelled. It is usually repaid within 2 and 15 years. Make sure what the term is before you apply.

With our student loan app, you can learn about student loan forgiveness, the different companies that offer these loans, as well as the interest that this loan entails. These educational loans can be applied for higher education in the country as well as outside the country.

Applying for a Student Loan is very simple and can be done online. For this you will need to select the institution and EMI scheme, fill in the borrower details, review the information and conditions and finally upload the required documents.

Disclaimer / Notice:
This is not the official application. It is neither associated with the government nor with any company offering loans. Please do not treat this as an official application. We only provide information to the user that is available in the public domain.

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Frequently Asked Questions(FAQ)

What is a student loan?

A student loan is the money borrowed to help pay for studies and achieve academic goals.

How is a student loan different from other loans?

The process of obtaining and repaying a student loan has some special peculiarities compared to other loans.

What can the borrowed money be used for?

The borrowed money can be used to pay for college tuition, accommodation, food, books, or other related expenses.

Who can provide the student loan?

The money can be borrowed either from the government or a private lender.

How is the interest rate determined?

The interest rate is based on the term of the loan and is determined by the Consumer Price Index or RPI, which measures the cost of living.

When does the interest start to be charged?

Interest begins to be charged from the day the Student Loan Company makes the first payment until the loan is repaid in full or cancelled.

How long does it take to repay a student loan?

Student loans are usually repaid within 2 and 15 years. The specific term should be checked before applying.

What can I learn from the student loan app?

The student loan app provides information about student loan forgiveness, different companies offering loans, and the interest rates associated with these loans.

Can the student loan be used for education outside the country?

Yes, these educational loans can be used for higher education both in the country and outside the country.

How can I apply for a student loan?

Applying for a student loan is simple and can be done online. You will need to select the institution and EMI scheme, fill in borrower details, review information and conditions, and upload the required documents.