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Getting a Loan For Education
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[QUOTE="Caramelle, post: 245609, member: 150"] Student loans are not that popular in my country simply because college education is free for those who can pass the entrance exams given by state universities and colleges. Even post-graduate students can avail of scholarships. Some grants also come with allowances. Technical courses are also free for secondary schools graduate. Even private universities offer free tuition and allowances to their top students. Despite the free tuition fees in state universities, some parents still prefer to enroll their children in private universities. However, many private institutions have lost a large chunk of enrollees in recent years. To attract enrollees, some private schools offer low-interest financial assistance loans with low monthly payments in partnership with financial institutions. Some schools offer free tuition fees and only charge miscellaneous fees. Employed parents may opt to borrow from government agencies that charge 10% per annum interest. Credit cards sometimes offer cash loans with relatively low interest, like .57% monthly add-on interest. [/QUOTE]
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