Source: https://insurancedailyblogs.blogspot.com/2022/03/how-toget-student-loan-with-bad-credit.html
Types of loans to study: When we think of financing studies, we only think that entities can finance university studies, but in reality they can be used to finance different types of needs:
The cost of a degree: some allow you to finance only tuition, those that cover expenses related to studies (fees, transport, stay, material) Scholarship advance: some entities offer you the amount of your scholarship in advance, both to study in Spain and to study abroad. Post-university studies: such as a master's, postgraduate or doctorate. Studies abroad: such as other languages, master, etc. Specialized courses: extra courses to complement your training. What is the cost of a student loan? Student loans usually have lower interest than normal ones, it is normal for the average APR of these loans to remain between 4% and 6%.
Another of its advantages is that the terms are usually longer than the terms of online personal loans.
What commissions can I be charged? Although the interest rates are more attractive than online loans offered by banks for other reasons, student loans may have commissions. These are the commissions that banks can charge on student loans:
Study commission: given in some banks for carrying out a feasibility study of the credit application.
Opening commission: this commission is charged by many banks once they have approved the loan and sent the money. Partial or total repayment commission: it is the commission for repaying the loan before time, either partially or totally.