After graduating, many graduates are faced with the question of how life should go on. Are you aiming for the first job? Should a diploma thesis be written so that there is a doctorate? Or should another degree be added?
Anyone who asks himself such questions as a young person does nothing other than plan future life. Because by setting the right course, it is determined in which direction to drive in the future.
A full-time job is often sought after the degree. After all, it was precisely for this reason that you studied to be able to do a regular and hopefully well-paid job. But the problem with this plan is mostly in the details. In many cases it is the case that the place of study and the workplace are not in one city. A move must therefore be planned. Get out of the Hotel Mama or the student dormitory or the flat share and into your first apartment. In addition, in many cases you need your own car to be flexible enough to take on any job. Since there are usually hardly any savings that former students can show, a loan must be taken out after graduation.
The conditions are not optimal
Former graduates from a university or university of applied sciences are not necessarily the banks’ favorite customers when it comes to a loan after graduation. You have achieved a high-quality degree. However, this does not automatically mean that a well-paid and above all permanent job is immediately waiting. While engineers, educators, medical doctors and economists are currently being searched for, there are subjects like law and the natural sciences, which can have some problems with job search.
The banks and savings banks know this of course and orientate themselves accordingly when granting a loan after graduation. While courses with a good career opportunity can be subject to conditions with limited credit, graduates of the less popular courses have great difficulty in taking out a loan after graduation.
What requirements could there be?
Since there is no fixed income immediately after graduation, it must be considered whether the loan will be deferred a little or whether it will be raised with the help.
If he can be put on hold until a fixed employment contract has been reached, the former student can access a variety of loan offers. It then brings with it the most important requirement for borrowing. Namely a steady and hopefully high income. Only the Credit Bureau then has to vote so that all doors and gates are open for the loan.
However, if the loan request cannot be put on hold, the loan will only be available after graduation if the former student is ready to seek help. The help must be in the form of a second borrower who, in addition to a good income, must also have a positive Credit Bureau. Then a small loan could be possible, which can be used for the first purchases.
Is there any special funding?
If you still want to write your doctoral thesis after your studies and need a loan, you can obtain it through special funding programs. On the other hand, if you cannot find a permanent job after your studies, you should definitely register as unemployed. If there is a good job offer during the job search that can be accepted, the employment office can be asked for financial support. This offers interest-free small loans if it helps to start work. This small loan can finance the move and other important things that are important for starting a job after graduation. The payment is made in small amounts, which can be individually coordinated with the employment office.