In contrast to a face-to-face study, distance learning offers the opportunity to divide up the time spent on learning largely freely and is therefore initially possible in addition to a full-time job. However, the time required for the distance learning course increases at the latest in the year before the final exam, so that students have to reduce their working hours and are dependent on a credit for the distance learning course to maintain their livelihood.
Promotional credits for distance learning
For many distance learning courses, study costs have to be paid, which are significantly higher for private providers than for study programs at public universities. These costs can often be financed directly from the distance learning school, since it offers its students payment in installments. Intrasavings bank Bank’s support programs can also be used as a loan for distance learning if the degree is recognized by the state. Similar requirements apply to student loans from cooperative institutes, the savings banks and some large banks.
A special feature of Intrasavings bank student loans is that a rejection based on the Credit bureau information is only possible if it contains a personal bankruptcy that has been suffered. The advantage of a promotional loan as a distance learning loan is that the repayment begins only after the end of the course. In addition, the presumably high income obtained after the end of the course is considered a security for the loan repayment. If distance learning is used for further professional qualification, employers often also grant a loan. In return, your employee undertakes not to leave the company for a specified period after completing the distance learning course.
Ordinary credits for distance learning
The amount of student loans is limited, so that they are not always sufficient to finance the costs of distance learning and living expenses. Compared to a special loan, a regular distance learning loan has the disadvantage that it is repaid immediately after the money has been paid out. Thus, the credit rates must be taken into account when calculating the money required during distance learning.
Rather than after the study-related reduction in working hours, distance learning students receive the necessary loan if they still apply for it as a holder of a full job. In this case, they make sure that they can pay the installments on time even after reducing their workload to prepare for the exam. In addition to conventional banks, a loan for distance learning can also be taken out via internet platforms for private loan brokerage.