Student loan: choice guide
In the world of entrepreneurship, for several years the term loan of honor has been circulating, wanted by the legislator, to simplify access to credit to those who want to start a business without offering guarantees (as in the case of Invitalia).
Instead in the last 10 years the loan of honor is associated above all to the students, a growth fed above all by the numerous conventions that universities and academies have stipulated with the primary institutes of credit, in order to guarantee to the students considered “deserving”, of the forms of financing based precisely on the concept of “honor” (see also Loan for all ).
What is that?
Also in the case of the study, this form of loan does not require a personal guarantee of the student or his family members (see also Student Loans ). A sum is granted which must be reimbursed according to the terms of the contract, even if in some cases there is talk of a long time, following the achievement of the degree itself (see also Easy loans without pay ).
The conditions vary however according to the conventions in progress, just as often the characteristics of those agreed for 2015 could be different from those expected in 2016, so you have to inform yourself year by year.
Within the entrepreneurial activity, decisive support for the regulation of the loan of honor was given by the legislative decree 185/2000, which touched the most sensitive areas (disadvantaged people, women and young people) and the sectors considered most significant (such as social and agriculture, but not only) in order to stimulate initiatives focused on self-employment.
This decree also established that the honor loan should be organized on a 50% non-repayable loan and a 50% subsidized loan. Although it is not the only law on the subject, it is the one that has intervened in a more capillary way, and has been an inspiration for the others that followed.
How to find out?
Information should be sought from the secretariats or the appropriate offices present in the University. Sometimes they are published on the University website, but if they are not, they are not necessarily present. There is however to consider, that it is not a question of non-repayable loans, and even if at subsidized rates, the amounts obtained will have to be repaid.
As far as the productive activity is concerned, the funds and the competences for the sphere of the consultancy on entrepreneurship have been entrusted to Invitalia. To access the loan of honor, you must then go through it, registering and filling out the application directly online on the site. But it is necessary that there are still funds, otherwise we have to wait for future new allocations.
Best student loans 2015
- One of the most prolific banks in the stipulation of specific agreements with the various universities is the OneCash, which has two forms of loan of honor. For return times, OneCash can be particularly interesting, as it can be repaid up to 15 years of amortization;
- An academy that has set up a real fund in this regard is the Elis Academy, which offers more information on the site www.elis.org ;
- The Luiss has agreements in progress with two banks: one is the Bank Mel (which allows it to obtain from 12 thousand to 36 thousand USD depending on whether it is a university course or a doctoral student, with disbursement of tranche sums respectively from 3 or 6 thousand USD); the other is Bankate, with its loan of the Bridge line (with amounts that can be financed from 12 thousand to 50 thousand USD, and always payments of the loan in tranches ranging from 4 thousand to 10 thousand USD each).