Category: Student loan systems

Student loans in the United States

Student loans in the United States are a form of financial aid used to help more students access Higher Education. Student loan debt has been growing rapidly since 2006, rising to nearly $ 1.4 trillion by late 2016, roughly 7.5% GDP. Approximately 43 million have student loans, with an average balance of $ 30,000. Loans usually must be repaid, in contrast…


Student loans in the United Kingdom

Student loans and grants in the United Kingdom are Primarily provided by the government through the Student Loans Company (SLC), a non-departmental public body . The SLC is responsible for Student Finance and is a partner of Student Finance Wales and Student Finance NI. The Student Awards Agency for Scotland assesses applications in Scotland. Most undergraduate university students are eligible for student loans. In addition, some students are teacher training courses May aussi…


Student financial aid (Sweden)

Student financial aid in Sweden Consists of grants and loans administered by the Swedish National Board of Student Aid , a Swedish government agency . [1] Students living With Their Parents Often only take the student grant , while other students tend to take Both the student grant and the student loan . The loans and grants are approved for a maximum of twelve semesters, or 240 weeks. As of…


Student loans in South Korea

Student loans in South Korea , are student loans Provided to South Korea ‘s students That are managed by the Korea Student Aid Foundation (KOSAF) qui Was Established in May 2009. According To the Governmental philosophy That Korea’s future depends is talent development and no student Should leave studying to financial reasons, they help students grow into talents that serve…


Student loans in Norway

Student loans in Norway are issued by Norwegian State Educational Loan Fund ( Norwegian : Statens lånekasse for utdanning , commonly referred to as Lånekassen ). Lånekassen provides both loans and grants. Loans are issued to students following studies at Norwegian universities and colleges . Qualified applicants studying abroad the Nordic region can also receive loan and grant support from Lånekassen. The status of a grant is conditional on passing all…


Student loans in New Zealand

New Zealand provides student loans and allowances to tertiary students who satisfy the funding criteria. Full-time students can claim loans for both fees and living expenses. A non-refundable means-tested student allowance for living expenses can be claimed by students who are over 24 years old or whose parents have a low income. This criterion has caused anger among students who…


New Jersey student loan program

The Higher Education Student Assistance Authority (HESAA) in New Jersey State chartered-loan program, charged with providing student loan financing programs. [1] It has been criticized for remarkably cruel, inflexible terms and zealous collection practices, and has been likened to “loan-sharking”. Also, acceptable circumstances for a loan-repayment are rare. This includes not forgiving student loans when…


Student loans in Ireland

Although third-level tuition has been free in Ireland since 1997, for other student expenses most of the major banks offer interest-free or cut-rate loans to students. There was a discussion on re-introducing fees, as recommended by the OECD , with deferred payment similar to the Australian system ; Ie, a loan from the government repaid after graduation. The suggestion has however, been quite unpopular….


Student financial aid (Germany)

German public universities are usually free for students. Giving out student loans and grants is a way to pave the way to higher education for children whose parents can not afford to fund their children’s education otherwise. The Federal Law That Regulates thesis student loans and grants is called ” Bundesausbildungsförderungsgesetz ” (Federal Training Assistance Act) or “BAföG” [baːfœk] for short,…


Student loans in France

Student loans and grants in France are Primarily provided by the government through the Regional Center of University and School (CROUS), year public institution of administrative nature . The CROUS is responsible for Student Finance France. Most undergraduate university students in France are eligible for student loans….