What are the possibilities for you to take the course you want?
Choosing a profession is just one step on a long journey ahead.
It is necessary to evaluate which are the public and private universities that offer the course you intend to take.
In many cases, it is not possible for us to pay certain farewells, but student finance can help us with that!
Competition for free education is a reality in Brazil. Some courses have more than 100 applicants per vacancy.
And that means you should think about a plan B which, in this case, is the private university.
Still, there’s one more thing to think about. We are talking about expenses that include tuition, transportation, purchase of books, among other typical student expenses.
Depending on the degree, classes may be offered on a full-time basis. This already excludes the possibility of getting a job to pay the monthly fees.
What to do? Wait a few years to get the money?
What if we tell you that it’s possible to get student loan estimate ?
Learn more about it and discover that it is possible to make your dream come true sooner than you think.
Read more: Loan for MEI: Find out how to do it – Simulate Here
What is student finance?
Student financing is a type of loan that the bank releases so you can pay for a project that, in this case, is your college.
The institution may release the total or partial value of your course. There are two types of student funding: public and private.
public student funding
It concerns funding issued by the federal government administered by the Ministry of Education.
Known as FIES (Student Financing Fund) it is aimed at students from private colleges.
To apply for the FIES, you must have taken the ENEM, as the test score is part of the selection process.
In addition, the release of funding is aimed at students whose family income, depending on the case, is up to 3 or 5 minimum wages.
Basically, FIES works as follows: you pay the college expenses with government resources and, after finishing the course, you start to return the money, divided into installments.
Private student funding
Private student financing is a type of personal loan offered by banks or finance companies.
In this case, the institution bears the costs of your studies.
The money has to be returned by the end of the course, that is, the conditions are different from those of the FIES.
Depending on family income, financing can be released in part or in full. Most banks offer up to 100% of the value to colleges with which they have a partnership.
How to apply for private student finance?
One of the private student finance programs is Pravaler . You may request to pay the expenses of undergraduate, graduate, MBA and technical courses.
But for that, it is necessary that the banks have a partnership with the program. Check out the steps you should follow to get this type of loan.
Find an affiliated college: Research which colleges offer the course you want and find out if they have a partnership with the funding program.
Prove your income: The minimum income must be two and a half times the monthly fee. In this case, let’s assume that the college payment is R$ 500.00.
To get student financing, you must have an income of R$ 1,250.00.
What if I have no income? In this case, your father, mother or anyone who agrees to help you will be able to guarantee the financing.
Make sure your name is not dirty: You or the person who will help you get the loan must have a clean name.
This means that there must be no registration with the SPC or Serasa.
Read more: Fraud: What it is, prevention, types and how to report it
What if I don’t get any of these funding?
If you don’t get FIES or Pravaler, there’s no reason to be sad or put off plans.
A great alternative is to take out an online loan . Bom Pra Crédito has partnerships with more than 30 banking institutions in Brazil.
This means that the chances of getting a bank to get student loans increase considerably.
Just enter the Bom Pra Crédito platform, fill in the form with the requested data and wait a few minutes.
Depending on your financial profile, a list of lenders will offer the best terms, interest rates and installment options.
Remember that this loan is, in fact, an investment so that you can reap the rewards of the profession you choose in the future.