Study loan for first year students

Obviously as a student after completing your high school studies you will need to enhance or further your studies with any institution or university of your choice in a specific career that yourself want to peruse. But most importantly, you obviously need money to pay for registration fee, tuition fee, accommodation and related expenses for first year students. Being a first year can be very much costly where it would not be easy to make use of money from salary to pay for everything especially when the guardian is not earning a lot of morning time cover month to month expenses and remain with portion of the salary to cover first year expenses. 

In this case, you might need to consider taking a loan for studies as a learner/student and alternatively a guardian in this regard may willingly apply for study loan on behalf of the learner or student and based on certain factors if the study loan is granted is only when necessary fees may be paid towards studies. Also, an important factor is the high school  marks obtained by a learner as this also determines the chances of you as a learner or student finishing the course with record time. Study loan may be structured in a special way such that a study loan is of lower interest rates as compared to that of personal loan and again most importantly it may be for tuition fees and not cover other things such as costs for travelling, food etc. 

Remember, a course may be 3-5 years and each year especially in the beginning of the year there are some fees to be paid such as registration fees etc. In this case, a study loan may not be granted for the whole course of 3-5 years but instead for a period of first semester whereby after end of semester based on your performance the bank may extend the study loan to assist you in moving to the next semester. Unfortunately there is no room for fail in this case as the bank needs to recover its money once you complete studies and get employment in case the study loan was given to a student. 

It is very much important that you realise the need to study hard such that in case you need to apply for a study loan you qualify with no reasonable doubts as this serves as an indication to the bank that you can possible manage to complete the course in record time. Otherwise if your marks are low and you need to further your studies through a study loan it might be a bit challenging since that also forms part of your consideration to be granted the study loan to make your dreams come true.