The entrance exam season is open for those who want to attend a university in the first semester of 2022 – and the demand should be great, after more than a year of pandemic. At least, that’s what a survey released this week by the Brazilian Association of Higher Education Supporters (Ames), an entity that brings together private universities, shows.
With inflation eating away at Brazilians’ pockets, future university students and their families are looking for ways to finance their studies. Many of the 3.3 million students who will face the second day of ENEM (National High School Exam), tomorrow (28), are in this situation.
Even those who do not pass a public university look for a good performance in Enem for a practical reason: to reduce tuition fees at a private institution. According to Ames, getting the best possible discount at a private university, through a good grade in Enem, is the objective of 79% of candidates who will take the test tomorrow.
Another 10% intend to use the note to obtain a scholarship from ProUni, the federal student finance program. Another 11% will seek to finance college with private lines of credit, such as those offered by some banks.
That’s why Money Times has put together for you the student loan options available in the market. Check it out and have a good test tomorrow!
Credit for healthcare
If your course is in the health area, Santander offers an interest rate between 1.39% and 1.79%, lower than that practiced in the market, which can reach up to 2.19% per month.
The lowest rate, from 1.39%, is for the medical course. Pharmacy, nursing, dentistry, zootechnics, veterinary, biomedicine, physiotherapy, speech therapy and nutrition courses pay a higher rate of 1.79%.
Other courses
For the other areas, Santander offers the student consortium modality, which allows you to take out a loan between R$ 8 thousand and R$ 16 thousand per semester.
To obtain this release, there is a need for some guarantee for the financial institution, which can be a car, a motorcycle or a guarantor that will assume the debt if the borrower fails to pay it.
It is possible for a third party to hire, such as those responsible, for example, if you have a better credit profile.
The payment term is 36 months with an administration fee of 18% and correction of the amount made by INPC, in addition to a reserve fund of 4.5%.
To be considered by the bank, the student must bid at least 10% of the contracted amount. According to the financial institution, it is possible for the interested party to bid lower, of up to R$1, however, the probability of being contemplated is lower, as the bank favors higher bids.
There are still other options
Another bank that offers student loans is Itaú Unibanco (ITUB4), through fintech Pravaler. The credit line has variable interest rates, ranging from 0% to 2.19% per month, depending on the educational institution and the course.
“Fintech also has two options for contracting financing, with and without guarantor, through credit analysis”, explains Pravaler. The entire hiring process is online, from the simulation to the submission of documents. Fintech also says that it has more than 500 partner teaching institutions throughout Brazil.
Finally, the company commented that after sending the documents, the loan is approved on the same day. After this step, the student only depends on the approval of the educational institution, which needs to approve everything, something that can take a maximum of 7 days.
other banks
O Bank of Brazil (BBAS3) has not provided student financing since 2018. Before that, the bank was part of Fies, a state program aimed at facilitating student financing. Today, Caixa Econômica Federal is the institution that takes care exclusively of Fies.
O Pan Bank (BPAN4) does not have any student credit line, and Bradesco (BBDC4) has not sent its answers until the publication of the report.
Source From: Moneytimes
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