Back to school for primary and secondary school children is already behind you? That’s a good thing done! Back to school is already a budget in itself, especially when you have several children. Today, primary and secondary schools are becoming more and more demanding (school trips, books, tablets, etc.).
It is not easy to bear these expenses for some families. Of course, the education and training of your children are priorities.
But what to say then when the family also has to cover the costs of a university entry for one or more children. Here too, the costs are very high, even higher: from the purchase of a small car, to renting a student room, paying the university tuition fees, not to mention other school supplies. Higher education represents a very significant budget for families.
In some cases, it may be necessary to apply for financial assistance to finance your children’s studies: our credit company offers loans starting from 2,500 €.
Here are the details.
The cost of university entry
This cost can be very high.
Indeed, it is sometimes useful to buy a small car. Similarly, renting a studio or a student room represents a significant part of the budget, especially in cities like Brussels, Liège, Louvain-la-Neuve, or Namur. A student room easily costs 350 € per month, plus a two-month security deposit.
Then come the tuition fees and syllabi.
University tuition fees
For enrollment in university studies, tuition fees are required. The amount is set by Article 39 of the law of July 27, 1971, on the financing of university institutions. For reference, for the academic year 2012-2013, the amount is 835 euros.
However, these fees can be waived if you receive an allowance granted by the loans and study grants service of the Federation Wallonia-Brussels.
Moreover, an intermediate tuition fee is provided for students from modest backgrounds who do not meet the conditions for an allowance or a scholarship from the Federation Wallonia-Brussels. For reference, again, for the year 2011-2012, the reduced amount is 374 €.
It should also be noted that tuition fees can be reduced for higher education institutions or art schools. In this case, the regular fee is 454 € and the reduced fee is 227 € for the final year and 175 € for the other years.
For more information on the income amounts that allow for the granting of a study allowance or a reduced fee: visit the website of the Federation Wallonia-Brussels.
Back-to-school loan
Our company offers loans for modest amounts. You can already take out a loan for an amount of 2,500 € repayable in 24 installments.
Feel free to contact our brokers for more information.
