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.

L’Ermitage is a Reception and Educational Assistance Service (S.A.A.E.) in the youth aid sector.

Our company has started a sponsorship with L’Ermitage.

Its missions are:

• Organize short, medium, or long-term care for young people in family difficulty.
• Organize the follow-up of young people who return to their families after a stay in the institution.
• From the age of 16, organize the independence (room or studio) of young people for whom there is no opportunity to return to their families and who reach the age of majority.

The young people with whom the institution works are 15 boys and girls aged 3 to 18 years.

The juvenile court, the judicial protection service, or the youth aid service mandates L’Ermitage to work with the young people and their families to find ways of thinking and solving the problems that led to their placement.

To do this, a multidisciplinary team works to properly implement the educational project. This team consists of 8 educators, a head educator, a male and a female maintenance worker, a psychosocial agent, an economist, and a director.

The Mercedes A-Class has many features to impress. The first of these is its design. The new model stands out with its curved surfaces that highlight its dynamism and striking lines. The vehicle becomes more athletic, the hood less sloping, and the grille as well as the front and rear lights are redesigned. Inside, it reveals its sportiness through ergonomic seats, air vents, and various accompanying accessories.

The Mercedes A-Class features a precise and reliable navigation system. The onboard sound system is powerful, and the possibility of integrating an iPhone, in addition to the Bluetooth module, contributes to its functionality. Driving assistance enhances comfort at the wheel, especially with the drowsiness detection system and Adaptive Brake braking procedure. Safety is ensured by the numerous airbags available onboard and the Mercedes-Benz emergency call system in case of breakdown or accident.

It also adopts Blue EFFICIENCY technology, which combines a high level of performance with environmental preservation. Various techniques contribute to achieving this goal, such as intelligent energy management, ECO Stop/Start function, or aerodynamic study.

How to finance the purchase of an A-Class?

The ideal is a repayment over five years, but given the quality and robustness of the vehicle, financing over 7 years can also be a good solution. The buyer is not obliged to borrow the entire price of the car but only the majority of the purchase price. In this case, they must settle the balance at the end of the contract (residual value financing).

In the case of full financing of the car purchase with a loan, Belgian legislation allows for interest deductions, particularly those related to professional use of the vehicle. With our online simulator available on every page of our site, you can accurately determine the amount of the monthly payments. Here are some examples:

As of June 19, financing over 7 years would cost you €487.70 per month. Of course, you can finance with a down payment, which will allow you to reduce your monthly payments. Take advantage of our brokers’ advice to make the loan best suited to your situation!

Enjoy your ride in your new A-Class!