Apply For Guidance To Apply Student Loan in Denmark
For those who are enrolled in an education course at a higher level and have already taken advantage of any study grant he or she can avail receive additional financial aid in the shape of the form of a loan. You can get a loan to complete your studies in the final year of your study. The interest is charged on the loan to complete it and the loan is repaid with the same conditions like the regular State Loan. You are able to receive a completion loan for up to 12 months.
The process of applying for loans: To apply for a student loan, you have to accept the loan plan in the SU folder. It is best if you make an application for a student loan but don’t sign the loan agreement before you actually require the loan. If you do this, you will be able to get the loan paid to you retroactively. If you don’t apply until later, then you do not have the right to be paid retroactively. You are able to decide the amount of you want to take out every month (There is however the maximum amount of you are able to take out). Therefore, you can only borrow the amount you need and thus reduce the amount of debt you have. Contact your school if there is any concern.
Funds disbursement – NemKonto Account The funds from loans, study grants, and scholarship for study abroad are transferred to the beneficiary’s NemKonto account each month in monthly installments. NemKonto accounts are NemKonto is a normal bank account that students already have and is the account that public authorities use to make payments. Contact your bank and inquire about whether you are eligible to apply for an NemKonto account.
Repaying loans: When you’ve completed your education, it is necessary to begin paying back the State loans. The repayment process must start one year following the close of the calendar year when you have successfully completed the course. The repayment period must not exceed 15 years.
Office Locations and Contacts
State Educational Grant and Loan Scheme (SU – Statens Uddannelsessttte)
What are all the Eligibility
Every Dane older than 18 has the right to receive public assistance for his or his or her education, regardless of their social status.
Fees
During the study period the State loans will have the annual rate of 4%. rate. After the study is completed the annual rate will be that of the Danish Central Bank plus an adjustment that could be positive or negative, but not exceeding one percentage point.
Validity
After you have completed your studies, it is time to begin paying back the State loans. The repayment process must start one year following the close of the calendar year after you’ve successfully completed the course. The period of repayment should not exceed 15 years.
Required Documents For Guidance To Apply Student Loan
The Danish Students’ Grants and Loans Scheme gives financial aid to students regardless of socioeconomic standing.
The tuition fee at Danish schools, both private and public educational institutions is free to Danish students as well as for students from the EU/EEA and students who are part of an exchange program. Since 2006, all students are required to pay tuition fees. Through the scheme for grants and loans, students are able to receive assistance in the cost of living for a variety of subjects and classes. The assistance for expenses is offered through the State Educational Grant and Loan Scheme (Danish acronym: SU), a program administered through the Danish Agency for Higher Education (Styrelsen for Videregende Uddannelser) in conjunction with schools and universities, and under the auspices the Danish Ministry of Science, Innovation and Higher Education.
External Links
- State Educational Grant and Loan Scheme (SU – Statens Uddannelsessttte):