Back to school has already arrived for some of you, and for others, it can be difficult to finance your higher education. Indeed, depending on the studies, a school year can be expensive, or very expensive. Between minerval, kot, transportation tickets, syllabus, food, activities, and other expenses, you must be able to follow financially. Unfortunately, a large number of students can not finance their own studies. Discover here four answers to the question “How to pay for higher education?”.

Graduate scholarship

For higher education funding, you can apply for a scholarship. The latter is an education allowance paid to students of modest conditions by the public authorities. This financial assistance for students is allocated according to income.

To benefit from the latter, you must mainly:

  • Be 17 years old to 35 years old;
  • Be enrolled in a higher education institution whose language of instruction is French (in the case of scholarships awarded by the Good Credit Federation);
  • Do not exceed the amount of income authorized to apply for a scholarship;
  • Except for derogations, not to be repetitive or not to follow a year of study inferior to that made previously;

Another important point:   in order for your scholarship to be maintained, you must have a certain amount of attendance at the courses and be successful every year (except in the case of a derogation). In addition, it is very important to submit your application on time (usually specified on the website of your school or university). For more information, do not hesitate to consult the website of Wallonia and Brussels

Other financial aid

There are other types of scholarships to help fund your higher education. For example, if you want to study abroad or if you are a European student wishing to study in Belgium, you can apply for different mobility grants, the most popular being the Erasmus + scholarship. The latter allows higher education students to study abroad for 3 to 12 months in the European Union, Iceland, Macedonia, Norway, Liechtenstein and the Netherlands. Turkey (if present partnership between the school and one of these countries). Thus, you can benefit from a scholarship of up to 500 euros per month (under conditions) depending on the country of destination. 

You can also ask for other regional or municipal scholarships depending on your place of residence, do not hesitate to ask your superior institution.

Part time work

To finance their higher education, some students may be forced to work. However, it is necessary to be careful so that the work does not interfere with your courses. The ideal would be to find a job in line with your studies, for example tutoring offers. Other jobs popular among the students are those in the area of ​​hotessariat, supermarkets, animation, etc. You can search for student job offers on different sites such as: Good Finance.

Student Loan with public authorities

If, unfortunately, you do not enter the criteria for a scholarship, you can try to apply for an education loan from the public authorities. The student loan is a financial assistance, repayable with interest, which is granted by the Communities to major students or parents of minor pupils.

This type of loan has the advantage of applying generally low interest rates. To benefit from it, it is necessary to satisfy certain conditions:

  • The student must be at most 35 years old
  • The student must be enrolled in a higher school, attend school diligently and do not repeat (derogations are possible under conditions)
  • The legal guardian must have at least three tax-dependent children
  • The family must be either Belgian and reside in Belgium, or reside in Belgium (from an EU country or an outside country, political refugee, etc.) under conditions. 

Loan to finance his studies via a bank

If you do not have the necessary funds and you need a loan to finance your higher education, and you do not enter the criteria to benefit from a scholarship or an educational loan, you can obtain a loan from specialized institutions. Generally, banks can charge low interest rates for student loans. Do not hesitate to check with your bank if it can make you benefit from an attractive interest rate.

However, it is important to take into account that the loan is not an innocuous act, and that it has serious consequences. It has to be repaid and that with interest. So think twice before closing your personal loan.   In addition, do not buy a loan if you do not understand your rights and obligations. Do not hesitate to go to the bank with a loved one who knows something about it.

We hope that these tips will have allowed you to answer the question “How to finance your studies” in all serenity. If you are looking for a loan or a payment card adapted to your needs, do not hesitate to use our comparison tool.