Every student who starts university has a chance to get a scholarship and loan, but there is a financial condition to get a scholarship. Therefore, people who do not have a chance to get a scholarship and who do not benefit from the scholarship can benefit from the education loan.
Loans known as state support, determined by the Credit Dormitories Institution, are given to students on certain terms. Students who receive a scholarship do not reimburse, but a tuition loan is granted on the condition of a refund. There are some places that students who want to get a learning loan should apply. How do I get a Good Credit education loan?
What are the Requirements for Receiving Good Credit Student Loans?
Certain conditions must be met in order to receive a learning loan, these are as follows;
1) To have won any higher education program and to register.
2) No infamous crime committed in the registry.
3) Not getting a Good Credit scholarship
4) To make a declaration accepting the approved loan application and signing the necessary bank.
People who can benefit from an Education Loan
Those who can benefit from Good Credit education loans are only those who read. Those who do not read are not given any right to apply for a loan or loan. Undergraduate students, associate students, special students (veterans relatives, martyrs’ relatives, students whose parents are separated, students whose parents have passed away) can benefit from education credits. In addition, those who graduate from the associate degree and take the vertical transfer exam and win the exam can also benefit from the education loan.
Is The Student Loan Canceled?
If the applicants who apply for a learning loan and whose application is approved do not want to receive the loan or do not need it after a while and want to cancel it, they can do this from the bank. A new contract is created in place of the contract signed to obtain credit, and only the condition to pay the amount of the loan spent is determined in this contract.
Persons wishing to cancel the loan should speak to bank officials and request that the loan be stopped. However, people who do not want to get a loan, but who need it later and who want to get it, can get a loan by applying again. The credits received are repaid as much as they are spent.
Receiving Education Loans and Scholarships
Students who receive a scholarship cannot receive a loan, and students who receive a loan cannot receive a scholarship. It is not possible to receive a learning loan and scholarship together, only one can be taken.
Persons whose scholarships are canceled for a reason may apply for a loan and get a loan. People who have previously borrowed are not eligible for scholarships. All students applying for a student loan have a chance to get a loan.
How is the Payment of the Student Loan?
The repayment of the learning loan can be done in several ways. There is a chance to be paid in installments and besides this, the debt can be closed by paying collectively. In addition, some of the debt can be paid in cash and some in installments. Collectively paid debts are also not paid interest and only the principal is paid. The debt repayment period is 2 years and if this period is extended, the debt is in interest.
Debt payment transactions can be made through e-government, banks and tax offices. Payment methods and options of the debt depending on the situation of the persons. Payments can be started at any time, but the normal time to pay is 2 years after graduation. During this period, people who cannot afford to start paying their debts later.