LOAN N°2: CRÉDITO CON AVAL DEL ESTADO

CAE, CRÉDITO AVAL ESTADO, (GOVERNMENT-AVAL LOAN)

Who gets this loan?

Students who wants to study a career in a Public or Private University

How does this loan lay? (and the student must pay off after got degree)

This loan may lay from US$ 41 monthly payment to the totality (the sellection of the amount depends on the student).

EG: Monthly payment of a career a student studies costs US$394 montlhy, if this student gets this loan, the career would cost US$ 154 per monthly paymeny (394-240=154), but the student has to pay all coverage off back when getting degree and/or ending the study.

What are requirements?

- Chilean nationality or Foreign with permanent residence permit in Chile

- 12th grade taken entirely

- 475 PSU Score (Average PSUs Languaje and Math) or upper (for Public universities)

- Men average 5,3 or upper (Private universities and institutes)

- register as a student in a Public or Private University or Institues.

Does it have to be renewed?

Yes, the renewing is yearly and requirements are:

- Keep studying at the same university and career where this grant were assigned

- Have got approved at least 70% of all carrer's subjects

But not all is in pink, What to do getting the degree?

The student who got this loan, and ending one's degree, has to pay it back off with a extra yearly rate of 5-6%.

What do you think about this loan?¿Getiing into debt for an education, being that a right not a consume good?

Comment! Greet