The terms of repayment of student loans for students can vary depending on its use, according to the agreement between the bank and universities and based on the presence of the partnership of public bodies such as municipalities. The simplest mode of repayment of student loans is that the repayment installments, typical of any loan. But these rates, we remember, the student will have to repay at the end of their studies or input to work, what include: principal, interest, principal and interest only?

From this legitimate question that each student and his family faced, are born different modes of loan repayment of honor that clearly depend on the type of loan and credit policy applied by the bank, in addition to the parameters in these particular funding agreed in the agreements with government agencies and universities. The arrangements for repayment of a loan of honor can be of different types that the student, if the bank so provides, may alternatively choose, according to those it deems most congenial to their own situation.


The first mode of loan repayment of honor is that of a grace period, which will reimburse, in a lump sum, only the portion of interest, not the principal, accrued during the period of use of the loan. The second is that of amortization payment of installments, inclusive of principal plus interest, to pay for a number of years, from 5 to 8, starting from the expiry of the period of grace period, after the use of the loan .

The third mode of loan repayment of honor is that of early repayment before the end of the amortization period, the number of years agreed to return in installments. If the student will have the ability, will be able to pay off the debt or paying in a lump sum or in several installments the amount owed ​​to the bank, without paying any extra charges or costs . If the loan disbursement of honor there is a sharing of a public body, an agreement with a bank, such as the Municipality, the interest or the share capital may be reimbursed by the latter. To benefit from this opportunity, the student must always demonstrate that they meet the requirements of merit.