The next country is found to be the next hub for new start-ups by interested individuals who are not willing to work under someone instead wanting to present themselves as strong individuals who could provide employment to others and not only to themselves. Spain is known for the young entrepreneurs who have reached heights theirs with their unique ideas and enthusiasm towards their work and extraordinary ideas and commitment. With all this, the company is also a desired location for every determined student who wants to make a change.
Education and academic quality of the country have made it the most asked for a destination for higher education not only for the students in their own country but also the students all around the world. Studying in Spain is a part of all student’s dreams. But as we certainly believe that dreams are far different from reality, the same applies, in this case, there is a huge sum of money that students need to pay to get a master’s degree in Spain which is not affordable for everyone. But still, you can make your dreams come true by applying for a student loan. Here we are to let you know everything about it.
What is the cost of studying for a master’s degree in spain?
The next question comes up: what is the amount of money which is needed to be borrowed by the students from the Bank. Here we are to make it easy for you by letting you know the amount you would need for studying for a master’s degree in Spain.
As in any other place, the public universities are much cheaper than the private universities in Spain too. But though the public University in Spain charges the registration fees and tuition fees they are much less than in any other country around. However, at the end of the day, the cost of the master’s degree depends on the type of institution you are willing to get admitted in and the course you are opting for. If you get into some renowned University then the cost of education is higher than the others.
If I have to give an idea about it then it would be something like it was 16.28 euros in 2014 and 2015. The distance is the average figure which is released by the Spanish Ministry of Education, culture, and sports. By this we can easily make out the master’s degree cost in Spain would be 977 Euro, the maximum value of 1950. As already mentioned earlier private universities do have a much higher educational cost especially when it comes to a master’s degree in any course.
Student loan available in spain to support their education:
Becca’s is what is the term used in the Spanish language for financial support to the students who are willing to study but are not so financially well. Becca’s would include both scholarships and student loans to be attained by them.
Santander formula awards:
Every year they give almost a hundred scholarships to eligible students of about 5000 euros for continuing their higher education. Whether they want to take up under graduation or post-graduation as per their interest. They can go for anything with the money awarded to them.
For the full-time MBA saintberg management fellow society is also awarded to eligible students
This is an educational scheme which is little specific to the British engineering pursuing graduate’s degree where the or given 100% scholarship for the tuition fee of some prestigious university including IESE in Spain. Should students who are willing and interested in this specific course can get to this university if they are talented enough to attain it and get admitted to one of the best universities for the same course.
How about a student loan?
Where can you get money for your further study? Obviously a student loan is the most general and efficient way for every student who wants to study further and is determined to achieve their dreams by taking a master’s degree there? Student Loans are something which they would repay later after they have got into a worthy job in their specified fields.
Now when the question comes which bank the student should go to get their student loan. Then the variety of options available to them includes Banc Sabadell, La Caixa ,BBVA andCatalunyaCaixa.These are a few of the banks which students can consider for getting their students loan but the fact here is if you are a resident of Spain all goes well but if you are not a resident of Spain and have come from some other country to study then it is much advice to apply for a loan in your home country rather than in Spain.
The reason for advising not the residential students to take the loan from your home country is because in the process of getting a loan one should provide all the documents required among which the most important is the residential address in case you are in Spain you can provide one but what if you are not so it’s better to ask for a loan in your home country only. The other way would be the long-term relationship with the bank which also certainly could not be true for most of the students so it is better to get a loan from the home country. This is the best option available for everyone.
How about getting a student loan in Spain itself?
But still, if you are willing to apply for the loan only in Spain then you would need a Spanish resident permit which is called NIN. This not only helps you to get a loan in a Spanish bank but also helpful in other financial loans ever needed. One of them could be opening a bank account which becomes a necessity when you stay in a particular place for a longer period of time. Then you would definitely need a bank where you could save all your money and use it whenever needed.
Many loans even require monthly payment with their studies at the same time for this student to go for a part-time job while studying simultaneously. A part-time job can be really helpful for one to pay the bank loans easily.
The best people for giving a student advice over financial loans is the IESE Financial Aid Office. Not only this they are even considered to be best in their practices in favor of students.