Students: take out a loan to finance your studies

Article sponsored by BNPP

A loan to finance your higher education

In France, in 2018, the average cost of a year of higher education was 7 118 euros. While this amount varies widely depending on the sector chosen, it is nonetheless important for families. Because in addition to tuition and registration fees, which in France are among the most accessible in the world, we must add expenses related to daily life (supplies, food, transport, etc.), housing, and sometimes purchase of a computer or a car.

To achieve his goal

To enable students to achieve their career goals, banks offer special loans. These are consumer loans accessible to any adult under 30, who can prove that they are enrolled in a secondary school. One of the main advantages of the student loan is the deferral period. Indeed, it is possible to repay the borrowed amount only after the end of your studies. You can also choose to start repaying the interest on the loan immediately.

Student loans at reduced rates

The interest rates of these loans are often more attractive than for conventional loans and some banks have entered into agreements with grandes écoles and universities. This is the case of BNP Paribas, which offers a student loan for a maximum period of 12 years, the rate of which is fixed. The bank has also set up a special mechanism for scholarship holders who do not have a guarantor and more recently, a zero rate loan to enable students to cope with the financial difficulties linked to the health crisis.

–