Factually , education is really significant to ourselves, family and society as a whole. because an educated person can develop his moral and ethical values in society. Moreover, educaducated people help to spread knowledge in society through any mode. If you get a higher education, you will have a specific job and career since education is known to everyone that a person with great knowledge is appreciated by all the people in society. Moreover, not all people have higher education because of the financial situation, family, gender inequality and social discouragement . Not every student has the possibility to pay school fees as we could see that some university fees are so expensive because the demand for college has been increasing significantly in the past few decades. It’s a never-ending cycle of supply and demand between society, employers ,government and other organizations . We will discuss what a student loan is and its importance, and why students should choose a student loan.
What is a student loan?
Student Loan is offered to parents or guardians who need cash to pay for their children’s tuition fee to continue their education at an institute or university after high school graduation (BacII) in the country or abroad. The loan has to be paid back later, along with interest that builds up over time. The money can usually be used for tuition, room and board, books or other fees.
Therefore, Sala has a platform that provides loans for students who are in need.
Learn First, Pay Later is a platform for students who have limited funding still want to pursue their dream. Sala has been providing flexible terms for the disbursement of funds up to 1000 USD.
Loan could be used for education costs such as tuition fees, semester fees, and re-registration course, school/campus, and books.
Loan amount: Up to 1000 USD
Interest rate: 1.5% per month
Upfront fee: 5% (For first 300 students)
Loan term: up to 12 months