chase student loans For All Students

chase student loans.Available in the coming days, the new student loans made by Mrs. Valérie Pécresse, Minister of Higher Education, will replace the old zero-interest loan or loan of honor “in 1934 and managed by Crous (Regional Center des Oeuvres Universitaires et Socials).

The loan, set up following an campaign promise of Nicolas Sarkozy is expected to involve a wider audience of students, the amount is 15 000 €, you will be repayable at an interest rate of the banking market, even after graduation. Moreover, no means test or personal guarantee, parents or third parties will be required.

Two banks have already positioned in the market, the Banque Populaire and Cetelem, and after signing a convention, OSEO, guarantee agency for SMEs, which will manage on behalf of the state guarantee fund these loans. 70% of the loan guarantee will be supported by OSEO and 30% by banks in the event of failure of the student borrower.

This new device has not failed to provoke many reactions among the main student union, UNEF (National Union of Students of France) and Fage (Federation of General Student Associations) who do not see this reform a real answer to the Waiting the student world. The Kingdom (Right unversitaire), meanwhile, welcomes the initiative of the Minister and considers that “this system will help ensure …. A perfect equality of treatment for all students wishing to take out a loan.”