A simple guide to Student Loans: documentation, tips, and steps to finance your studies.

Hello, Future Student!

📖 Here’s a simple guide to help you better understand how student loans work.

What is a student loan?

Think of it as a launchpad: a sum of money lent to you to cover university expenses like tuition fees, books, and, in some cases, living costs. It’s an investment in your future, which you’ll start repaying once your studies are complete.

What types of student loans are available?

In Italy, there are two main options:

➡️ Partnered loans: collaborations between banks and educational institutions offering favorable terms.
➡️ Government-backed loans: available to those who meet specific criteria, with the government acting as the guarantor.

Good news about guarantors

Wondering if your parents always need to act as guarantors? The answer is: not always! Some loans don’t require guarantors, making financing accessible for those aiming for independence or without parental support as an option.

How do I know if I’m eligible for a loan?

In most cases, you’ll need to:

• ✅ Be enrolled in a recognized degree program.
• ✅ Be a resident of Italy.
• ✅ Show consistent academic progress, such as earning a minimum number of credits each year or attending courses regularly.

How do I choose the right loan for me?

Consider these factors:

• % Interest rate: The lower, the better for you.
• ⏰ Loan term: How much time will you have to repay?
• 🫰🏼 Repayment options: Some loans let you start repaying only after completing your studies.

Managing repayment without stress

Here are some tips:

⏳ Plan ahead: Setting aside small, regular savings can ease the future burden.
👍🏻 Check the terms: Some loans allow you to pause repayments in case of financial difficulties.

Got questions?

This is just the beginning! If you have doubts or want to explore further, we’re here to help you navigate your options and make the best decisions for your future.

One last thought:

Investing in your education is the key to unlocking opportunities for success. With the right information and a bit of planning, tackling a student loan can be a well-considered and manageable step in your educational journey.

🍀 Good luck!

👉🏻 Want to know which documents are needed for a student loan application? Click here to find out.
🔎 Curious to learn more about student loans, how they work, and their benefits? Click here for more details.