Student Loan – Know the Options
To achieve the dream of entering university, there are student loans, which are advantageous.
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After all, knowledge is quite valuable, and with a higher education degree it's possible to triple your income, according to research from IBGE (Brazilian Institute of Geography and Statistics).
However, some families lack the resources to afford the tuition fees of private institutions.
So, student loans are an option, but are they a good choice? Find out below!
Why apply for a student loan?
A loan can act as a boost to help you achieve your dream of studying and becoming a professional.
In addition, it can also be useful for:
- Take a vocational course;
- To participate in an exchange program;
- To pursue an undergraduate degree, postgraduate studies, and a master's degree;
- Taking a language course, such as English, is a fundamental language and is required by various institutions.
Student financing programs
Considering the high demand in Brazil, there are several student loan programs that help young people access higher education.
So, check out the best options below and choose the one that best suits your needs.
Fies
It is the most famous student loan program, as it helps thousands of people get into private universities.
Through it, it's possible to finance studies at low interest rates, but caution is needed, as the final amount is much higher than the monthly tuition fee itself.
Therefore, being careful with your finances is essential to being able to pay off the debt correctly.
For Real
Pra Valer is very similar to FIES, also allowing the student to pay the monthly fee later, but it differs in the amount of time the program determines.
This is because it is semester-based and charges the student after 6 months at the institution, with low interest rates, but with a shorter repayment period.
Educa Mais Brasil
There is also Educa Mais Brasil, which is very competitive, as it offers scholarships that do not need to be repaid after graduation – and, in addition, it also exists for basic education.
Despite the discount, the number of scholarships is low compared to the number of people interested in the project.
For this reason, if you wish to participate, be aware that the chances are slim, and the discounts may be low or even insignificant.
Other options
If none of these options are available, you can also resort to other types of loans, such as:
- Personal loan;
- Secured loan.
