Student funding

Top & Best Student funding Review 2022 – How to Select Ultimate Buyer’s Guide

Student funding: What’s the best of 2022

If you passed the entrance exam, but now you are looking for a way to cover the university fees, In today’s article, we’ll cover one of the modalities that help pay for college: student finance.

With student finance, you guarantee the payment of tuition fees for your course over a longer period. But, as it is a debt, it is important to analyze the options well before taking out a student loan.

First, the most important

  • Student finance is a kind of loan that you get from the bank to pay for college tuition.
  • There is public and private student finance, and it is important to understand the difference between them before closing the contract.
  • In addition, it is essential that you do a simulation of the financing to make sure that you will be able to pay off the debt.

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Best Student Funding: Our Recommendations

  • Ideal for those going to study medicine
  • For those seeking public funding
  • The best private financing

Hiring Guide: What You Need to Know About Student Financing

College tuition, books, transportation, food. Studying can be very expensive and the fact is that not everyone can afford it. For this reason, many students turn to student finance.

But, before committing to a loan, you need to take into account that you will be acquiring a debt. And it takes wisdom and planning to pay it off. To help you understand everything about student credit, we have created this Guide to answer your questions.

What is student finance?

Student finance works like a loan. The student signs a contract with a financial institution that undertakes to pay tuition for part or all of the course at college.

With that, the student acquires a debt with that financial institution. The attraction is that, in general, the term to pay this debt is long, which allows the student to plan financially.

But the form and rules of student financing vary depending on the lending bank. For example, in some cases, the student only needs to start paying the debt after completing the course.

In other cases, it is necessary to pay a part of the financing before being able to finance the rest of the course.

In addition, interest rates and time limits for student loan repayments also vary depending on the financial institution.

Who is student finance recommended for?

As it has increased interest, student financing can become a big problem for both those who do not have a fixed income and those who do not have the habit of saving.

That’s because student credit ends up compromising your income in the long run, not to mention that you’ll pay a lot more in the end, on account of interest

Therefore, before opting for a student credit, we suggest that you try other alternatives, among them try to save the tuition money, negotiate a discount with the University or an increase in salary.

If none of these attempts are effective, we recommend that you consider the following options:

    • Sisu: Those who take the National High School Exam (Enem) can enroll in Sisu, a program that offers free places in public universities.
    • ProUni: This program offers partial and full scholarships at private colleges.
    • Scholarship: Most colleges offer partial and full scholarships.


Only if none of the above options are feasible should you go for student finance.

When you opt for student financing, first check with your college if it has its own financing systems or if it maintains agreements with any financial institution.

What are the types of student funding?

Nowadays, there are two types of student financing: The private, granted by financial institutions with their own rules; and public student credit.

The latter is administered by the Federal Government and has more facilities for those with low income. Check below the characteristics of each modality:

Public funding

The Student Financing Fund (FIES) is a Federal Government program that finances higher education.

In this case, the percentage of tuition financing is defined according to the monthly family income and university value.

Among the options of Fies, it is possible to find the one that does not charge interest. But to have access to Fies you have to fulfill some requirements:

    • Have participated in ENEM since the 2010 edition.
    • Have reached an arithmetic average of 450 points or more and a grade higher than 0 in the essay.
    • Gross monthly family income, per person, up to 3 minimum wages .
    • Do not have more than one financing simultaneously .

Did you know that FIES is a program of the Ministry of Education, created in 1999?

All operations of the selection process, from the adhesion of educational institutions and enrollment of students to the dissemination of results and interviews, are carried out over the Internet.

Private financing

If you do not meet the requirements of FIES, you can opt for private financing which, in general, is provided by a bank or fintech. Check below the characteristics of this modality:

  • It does not require participation in ENEM.
  • It offers a shorter payment period for the debt.
  • Interest that varies according to the financial institution.
  • There is no maximum income limit .
  • The loan is made for the payment of one semester . It can be renewed after paying off the debt.

What are the advantages and disadvantages of student financing?

As we have seen, there are pros and cons when it comes to student finance. With financing you can realize your dream of completing a higher education and have a longer term to pay tuition.

However, care must be taken not to hire a student loan that has too high interest rates and that compromises your budget too much.

As with any other category of financing, in the case of student financing, interest and fees are also charged. That is, when paying off the debt you will have disbursed far more than the value of the university course.

But another advantage is that, depending on your financial condition, you can choose public financing, with lower or no interest; or by private student credit.

Therefore, we summarize below the advantages of disadvantages of student financing. Look:

What does it take to get student funding?

Anyone linked to an educational institution can take out university credit. The rules vary according to the modality, be it public or private. But, in general, there are some prerequisites for student funding. Are they:

    • You need proof of income and / or have a guarantor.
    • If you do not have your own income, you can count on a guarantor , parents or legal guardians.
    • You must have a checking account with the creditor bank.
    • You must have a clean name.
    • Submit a Declaration of Aptitude, a document issued by the university.


Where to do student financing?

As we have seen, it is possible to hire student finance from banks or financial institutions. But if you choose a bank, know that you have to be an account holder.

Another option is the consortium administrators. This is because, in addition to the consortium of real estate and cars, there is also a consortium of services.

Among them is what allows you to get a letter of credit to pay for undergraduate and graduate courses. This is an option that requires more planning. Since, despite not having interest, you need to consider charging other fees and patience to wait to be drawn.

Hiring Criteria: How to choose student funding

If you choose student credit, you will first need to choose between Fies and private financing. That done, it’s time to run an online simulation to find out what the terms of each loan will be.

Therefore, you must take into account the following factors that differ from one bank to another:

  • Interest and fees
  • Payment term
  • Plots
  • Documentation

Next, we’ll show you how to analyze each of these factors.

Interest and fees

When comparing the best student loans, check the interest that is charged.

Interest and fees vary depending on the financial institution.

Interest and fees vary depending on the financial institution. And the fact is that interest is responsible for increasing your debt and compromising your budget.

The ideal, therefore, is to try to choose student financing that offers the lowest interest rate.

Payment term

Another factor that you must take into consideration is the payment term that you will have to pay for the debt. For example, at FIES you start paying your debt after completing the course.

In private financing, in general, you initiate payment 30 days after the contract is closed. In addition, the most common is that you have 12 months to pay the amount for a course monthly fee.

To have the credit release to pay the other monthly payments, it is necessary to pay the previous one. That is, in this case, in an eight-year course, it would take you 8 years to pay it.


Your financing can be paid by debiting your current account. So it is important to understand well what will be the installment that you will have to pay to cover your debt.

In addition, in your planning, you must include, in addition to the value of the student loan installments, the expenses you will have with food, transportation and other costs.


Be sure to check the documents that the financial institution requests so that student financing can be approved.

It is important to meet the delivery deadlines to ensure that you will get credit on time and avoid losing your course.



Student financing should be your last choice to pay for a university course, after all it is a debt and all debt bears interest. However, if this is your only alternative, you only need to carefully analyze the conditions of student credit to get the most out of it.

You can choose Fies, which is public, or private student finance. Choose a trusted creditor company and compare interest rates and payment terms to choose the best terms according to your financial condition.



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