Tips Before Taking Student Loans 1

Tips Before Taking Student Loans

Thinking of taking student loans to pursue that tertiary education you have always wanted? Got intimidated once hearing the L word? Have a read as we have compiled some tips for you before taking student loans!

As we know, the student loan is money you borrow to support your financial education such as tuition fees, books, and supplies, living expenses but you must pay back with interest after graduation. A student loan can come from various ways which are from the government sector, private sectors like banks or financial institutions, or other organizations such as KOJADI, PTPTN, SPP1M, MARA, MIED. Students can apply student loans to support their studies overseas, government university (IPTA) or private university (IPTS).

Before that, there are several things you should consider to know before taking a student loan, which is:

1. You really have to know and understand what is the loan you have taken

2. Get know the details on the amount of money you borrow and repay back.

It’s better for you to make a comparison between all the agencies who provide student loans in term of interest rate and other terms because, at the end of the day, you are a person who has to repay it back.

3. Get know the details on the amount of money you borrow and repay back.

It’s better for you to make a comparison between all the agencies who provide student loans in term of interest rate and other terms because, at the end of the day, you are a person who has to repay it back.

Read the terms and condition carefully to avoid unpleasant surprises in the future.

Tips Before Taking Student Loans 2
Guide To Check CCRIS Record, credit to LCF on Personal Finance

4. Get to know the consequences

Because some of the loan providers will be blacklisting you on CCRIS like this article stated which means your name will be rejected immediately whenever you apply credit cards, home or personal loans in the future if you show a bad borrower or reluctant to pay it back. However, here is the guide on how to check CCRIS and solve your CCRIS issues

5. Frequently ask questions to know more about student loans information that you want to apply.

At the end of the day, you need to repay back your students loan. Be sure you know your responsibilities about your student loan. However, there is another student financial aid that you may consider to apply it. Check it now to get one step closer to your dream!