loans for students
While the country is worried about the overdraft and mortgage, one of the major concerns in the United States is student loans. In canada, tuition is lower and conditions are easier to get loans easy .
The most common requirements in banks in canada for opening a student account are: proof of studies at a recognized academic institution, presentation of tuition vouchers, compliance with a fixed salary income in a minimum amount or a fixed expense on a credit card, and that the student age does not exceed 30 or 35. 40 for students at the Open University.
Loans with low interest
There are interest-free routes with a small number of payments, a grace loan and organizations that help. Along with the interest rate, it is important to check whether there are treatment fees, commissions and what the arrears fines are, and as always, if possible, it is better to avoid a loan.
Student loan in the United States
Student loans in the United States are the second largest household debt in the United States after mortgages. Subsidized loans began in the 1960s. Among other things, proposals have been made to write off student loans so that disposable income will increase and we will not have a subprime crisis of student loans. The debt has already exceeded 70% of GDP and is larger than the debt in credit and car loans.
With the decline of academic studies in favor of experience and technological and soft skills, along with an increase in tuition, student loans in the United States no longer justify themselves and only burden young couples who have more debts added to them. More than 10% of loans are three months in arrears and are defined as insolvency.
Loans to students in the country
In canada, on the other hand, the situation is better. First of all part of the tuition is subsidized and besides it is possible to find loans on better terms, including interest-free loans. One such loan is a loan from the Shekel Fund, financially quiet for everyone. It is a fund funded by colleges and private entities and therefore in fact it is a fund with no cost and no interest. The fund has an arrangement with about 60 academic institutions, and two types of loans can be taken: An interest-free loan to finance tuition in the amount that can reach up to NIS 20,000 and a repayment of up to 60 payments, as well as a supplementary loan to finance all expenses in a similar amount at a discounted interest rate.