Study loan: comparison of credit solutions

When we think of student loans, we often think of the United States immediately, given the high cost of studying there. Unfortunately, studying in Belgium is also far from free. Minerval, syllabi, transport, computer, etc. are just a few examples of the fees you will have to pay. If in addition, you want to live with a student or go study abroad, you may need a little financial help.

What are the different options available to you?

What are the different options available to you?

Self financing

Financing your studies yourself obviously remains the most interesting solution, but unfortunately, this is not always possible.


Under certain conditions, the regions can grant scholarships to young people to help them finance their studies. You can obtain more information on the scholarships granted by the Wallonia-Brussels Federation. They will be granted according to your income or the income of your parents.

The Different Types of Study Loans

Borrow money from a public body

In the absence of a scholarship or own funding, you still have the option of using a study loan to finance your studies. You can make your request to public bodies or to a financial institution. Higher schools or universities sometimes also offer interest-free loans for students.

Borrow money from a financial institution

Most financial institutions offer loans at preferential rates to students, but this is not always the case. The offers can also vary greatly from one institution to another. Compare the different offers that are available to you before making your choice: by comparing and playing the competition, you can save a lot of money!

When you have made the decision to take out a loan, you must then consider the following question: what form of credit is best suited to my profile?

Student credits can take two forms:

You can first opt ​​for a personal loan. In concrete terms, the bank will lend you a certain amount which you or your parents will have to repay monthly. The amount will be paid directly into your account, which will allow you to finance certain costs, such as the school fees, books, etc. You know in advance the duration of the study loan, the monthly payments and the interest rate, which will allow you to avoid unpleasant surprises.

Another possibility is the opening of credit via a reserve of money. The financial institution will allow you to go negative when you need it, up to the maximum limit of your money reserve. During your studies, you only have to pay interest, the amount borrowed must be repaid within 6 months after the end of your studies. You know in advance the limit of your money reserve, the interest rate and the maturity date of your credit. This form of credit is more flexible than the installment loan, but take into account that you will have to repay your credit within six months after the end of your studies, hence the importance of quickly finding work once you graduate.

Can you take out a study loan yourself?

Can you take out a study loan yourself?

The study loan will generally be granted to your parents, unless you already have monthly income. Most students have a repayment capacity that is far too low to be granted this type of loan.

How to Apply for a Study Loan Online?

How to Apply for a Study Loan Online?

  1. First do an online simulation
  2. Then submit your request online
  3. After the analysis of your request by the financial institution, you will receive an offer
  4. Return the signed contract by post, if you wish to benefit from the offer
  5. You can start using the credit.

Hoping to have guided you in your efforts to carry out your studies

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