Student loans North Carolina

Student loans North Carolina

Refinance student loans North Carolina

Studying is expensive. Tuition, books, stays abroad, rent and food all need a lot of money. State support, a part-time job or financial support from parents are usually not enough to cover the costs incurred. In order for students to focus on their studies and not have to waste time on their financial situation, they can take out a student loan. Student loans are usually cheaper than traditional loans, as you have to pay for a student loan lower interest rates. Of course, a student must also have a certain credit rating to qualify for a student loan.

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This type of loan is intended for students who do not get along with state support or do not receive a scholarship. If you want to do your studies quickly without having to work on the side, you often only have to go to the bank for financing. In USA, this is not yet common, in the US student loans, however, are commonplace and are actively advertised by the banks.

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A student loan is awarded exclusively to students. The purpose of the student loan is that the student must be able to cover his monthly costs incurred. In USA, building societies also offer student loans. These often offer attractive interest rates and terms. During the study period you often pay only the interest and only then the loan amount and the loan interest. The student loan is limited to the time of study. After graduation, the loan must be repaid. The student loan may only be used for educational purposes.

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In order to apply for a student loan in USA, the student must be enrolled in an American university or university and have American citizenship. There is also an age limit of 30 years. The banker will set a budget together with the student and will determine the duration of the loan according to the study time. Under certain circumstances, it is even possible to get a student loan even with negative KSV information.

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The income of parents does not play a role in lending. What counts is only the creditworthiness of the borrower. Usually we limit the maximum sum of the credit to a few tens of thousands of dollars so that the student does not get into debt until the end of his life. Like any other loan, the student loan has its drawbacks. The graduate does not always receive a job directly after graduation, which enables him to repay the student loan. This means that a student already during the training time loads a mountain of debt, which he has to repay over a long period of time. In addition, there are several years between taking up the loan and repaying it. This means that interest rates can also vary. Because of the long time usually no fixed interest can be agreed.

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In USA there are no tuition fees at state universities and the cost of living is comparable to that in USA. Nevertheless, of course, studying and living in the alpine neighboring country also cost money. Here you can also support the study financing with integrated training program of the American education. This can be requested in addition to the foreign student loan or scholarship and offers you financial and substantive support.

For more than ten years now, American Education has offered this flexible financing for students of all disciplines – including foreign study programs and semesters abroad. 30% of the funded students of American education are already studying abroad.

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You will not pay back the study funding until you earn money – proportionately from your future income. So you stay free in your decisions – professional and private.

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Depending on the degree you are seeking, you can apply for the following maximum grant from the American Education:

  • up to $ 15,000 for your Bachelor’s degree
  • up to 25,000 $ for your master’s degree
  • up to $ 30,000 for your MBA or PhD

The payment is flexible according to your needs: monthly amounts to cover the cost of living or (semi-) annual payments z. For example, to pay the ÖH contribution or tuition fee. One-off payments are also possible, e.g. for work equipment such as notebook or travel expenses.

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Accompanying the financing of the study, the practice-oriented training program for students runs smoothly for a successful study, a successful career start and successful first years of work. Advantages of  student loans North Carolina:

  • Phase-specific soft skills training on topics such as study skills, stress management, application, project management, leadership and many more accompany you from the study to the early professional years into it – as a Webinar
  • Intensive, individual application consultations for internships and entry-level jobs increase your chances of success
  • Customized coaching offers, eLearning and personal advice
  • Helpful network for students and employers

Does the student loan have to be repaid?

The study funding including the training student  program is not a scholarship, but will be repaid later. But unlike a student loan, a certain amount will not be due from day X, but the repayment will only be made after successful entry into the profession and proportionately from the later income. Depending on the amount of funding, when you conclude a contract, you determine how much (between three and ten percent) of your future gross income you pay back for how long (over three to a maximum of ten years) after you start your career.

Whether you pay back more, about the same or less, than you received depends on the amount of your income in the agreed repayment. So it’s possible that you’ll pay more for a good to very good income than the amount you received. However, the fact that the repayment is consistently tied to the actual income provides you with many safeguards and advantages, for which the American Education has been repeatedly honored in recent years in the student loan test with top ratings from the Center for Higher Education Development.

Your securities

With a lower income, you have the certainty that you can still afford the repayment and not land in the overindebtedness trap. In addition, the repayment freed up life and work decisions:

  • Minimum gross income of $ 1,500
  • Cover by fixed maximum income
  • General time buffer of 24 months. For job search
  • Postponement of repayment on further studies / traineeship / traineeship
  • Deferral of reimbursement for maternity and parental leave
  • Protection against permanent unemployment or disability

Good to know: Until the end of the repayment, you have full access to the training student program. And: With the help of your repayment new students will be supported again in the future.

  • Your chance for a dream study at a glance
  • Important information and requirements for your application at the American Education
  • The study funding is granted regardless of the income of your parents
  • There are no guarantors or securities required
  • The financing of American education can be applied for as a supplement to other funding sources

Important for the application is:

  • You are of legal age
  • You have obtained your university entrance qualification in USA or USA or at a American school abroad
  • You have a high motivation to study and you are sure to have found the right degree
  • You are admitted / enrolled at a state-recognized university or comparable university abroad (at least with provisional commitment)
  • You do not have a negative credit entry

The online application process at the American Education is at any time, d. H. all year round and at any time in your studies, possible. You should have the following documents ready:

  • Two-sided copy of your identity card
  • CV
  • Pledge for your place of study or enrollment certificate, if you are already studying
  • Copy of high school diploma or equivalent certificate
  • Current grades of your studies (grades, grades, certificates, intermediate papers or certificate of a completed degree)
  • Internship certificates (if available)
  • Examination Regulations or Study Schedule (List of all modules and exams that you have to complete in your studies)

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