Student Loans – Financial Aid for the pursuit of Education
Education is a necessity in todays day and age
. It is not a cheap affair especially while pursuing higher studies at graduate levels and above. It is unfortunate but a fact of life that not everyone is lucky enough to be born with the resources to pursue an education befitting their capabilities. Yet is it fair for someone to miss out on widening their literate capacities just out of a lack of money? Everybody has the right to education and student loans were created to fulfill just that right.
These loans require the applicant to be a UK citizen of 18 years or above or whose guardian applying on their behalf has attained age of maturity. The applicant also must be a bonafide student of a school or university and proof of the same must be submitted. On verification of the above stated requirements, the loan is sanctioned.
For these loans, the applicant is not bound to provide collateral. Consequently the amount claimed cannot be very large and can range from 1000 to 25000 depending on the course which the student wishes to enter into. These loans are repayable over a comfortable period of 1 to 10 years. The student thus has time to find a job after completion of his course to repay the loan. The loan can also be returned during the course of the applicants studies. Loans can be for any course, graduate or post-graduate or even PhDs.
The loan can be applied for via traditional or online application processes. The online application is far easier and faster for the applicant. All that is required is that the online form is to filled, with accompanying residential and identity proof for the verification process done on part of the lender. Lenders suitable to the students requirements are easily found through the online process. The borrower only needs to be careful while selection of a lender, being sure to check the credibility.
Student Loans Financial Aid for the pursuit of Education