It has been about half a decade since Master and PhD students can get loans at very advantageous conditions with which to face the costs of your initial and continuous, which as we know can be really high. It cannot be denied that the current economic situation that the country is going through has led to the sacrifice of a good part of the budget allocated to this item, in fact, of the 100 million euros applied last year it has reached 45 in this new period, but it is important - undoubtedly, despite the restrictions - to have this helps.
What advantages do these credits for the training of university graduates who want to carry out Postgraduate studies versus other types of loans? To begin with, if a loan is requested in any private financial institution, in addition to being obliged to pay the refund of its amount from the moment it is signed, quite high interests will be applied. The University income loan program credits are obtained through Ministry of Education, they are - therefore - capital of the state. The Ministry applies today (in previous calls the applied interest was 0%) a fixed interest of 5,4%, and a grace period (no repayment) is established that can reach up to four years and a repayment term ( reimbursement) which in certain cases can reach up to sixteen years.
El application period for these loans It will be open until May 30. In addition to being academically qualified to access postgraduate teachings, applicants must have completed the enrollment of courses of no less than 30 credits ECTS within a country integrated in the European Higher Education Area, Canada or the United States, and not having benefited from this same credit in previous calls.