For more financial freedom. Use a student loan from Astro Finance to provide financial support for your studies. Anyone who receives no or insufficient Federal financial aid as a student, cannot receive sufficient support from their parents and does not earn enough from part-time jobs can benefit from a student loan. A student loan from Astro Finance can be applied for easily and without red tape online. No certificate of study or proof of achievement has to be submitted. It doesn’t matter which semester you are in.
Opportunities to finance a degree
Studying is not exactly cheap. The most common way to finance your studies is state funding through Federal financial aid or an educational loan from intrasavings bank. Federal financial aid (Federal Education Promotion Act) is a state grant for students, half of which is a non-repayable grant and the other half is an interest-free loan. The money is paid out in monthly installments during the semester, while the repayment is only made after graduation.
However, not every student is eligible for Federal financial aid. Successful funding from Federal financial aid depends on various factors, such as: B. the type of higher education institution, parents’ income, personal income and assets. Age also plays an important role. From the age of 30, studies are only funded in exceptional cases with student Federal financial aid or a parent-independent Federal financial aid. As a trainee you are not entitled to student Federal financial aid, but can apply for a vocational training grant (BAB).
Those who study in a popular student city and cannot receive financial support from their parents often have problems covering the high rent and living costs despite the Federal financial aid maximum rate. So you have to look for a part-time job. The Federal financial aid office grants allowances for income and / or assets. If this is above the respective allowances, the difference will be deducted from the Federal financial aid. This ultimately leads to a reduction in Federal financial aid funding. Even if you earn too much with a part-time job, the maximum rate can be reduced.
Determining the loan amount, calculating costs
If you want to start studying, you will face a lot of costs. If the maintenance of the parents and the Federal financial aid are not sufficient, or you may not be entitled to it and you do not want to spend all your free time doing part-time jobs, you have the option of taking out a student loan.
Before you take out such a loan, you should carry out a detailed determination of the costs. Because a lot has to be calculated for a degree. In addition to the monthly rent, the cost of living and insurance, costs for semester fees, semester ticket, cafeteria, specialist books and any necessary materials must be calculated. If you want to spend a semester or even the whole course of study abroad, costs such as flight, accommodation and a ticket for local transport should be taken into account when calculating the student loan for a stay abroad. Semester fees in other countries are often significantly higher than in Germany. And last but not least, the freedoms of student life want to be savored. When borrowing, the most important motto is: As little as possible, but as much as necessary.
Study and learn stress-free with a student loan from private
A student loan from Astro Finance is particularly advisable if you have to bridge an unexpected financial gap until the next payment. If, for example, the laptop has to be replaced, the additional heating costs coincide with other bills, neither Federal financial aid nor parents or relatives can help out and the next salary receipt is still a few weeks away from the part-time job. In such financial constraints, a personal loan is a quick and cheap solution.
Applying for a student loan from Astro Finance is easy and unbureaucratic. In contrast to Federal financial aid and intrasavings bank funding, the amount requested for a personal loan is paid out at once. This makes you more flexible and you can divide up the monthly amounts yourself. For example, if there are exams, you have the opportunity to work a little less during your studies and concentrate on learning, and still make ends meet. A student loan from private donors is also an uncomplicated solution for financing a semester abroad.