A real student loan, at special rates, is only limitedly possible as a loan without a certificate of performance. With the Federal financial aid the proof of achievement is demanded as well as with the Intrasavings bank or also the study credits over the bank. However, the proof of course is needed after a certain study time for submission. At Federal financial aid, he is required after four semesters. For Intrasavings bank and most other student loan options, it must be submitted after the fifth semester.
Reasons to submit the certificate of performance late:
The credit without proof of achievement for the entire study period as a student loan, which does not exist. There are a number of reasons for submitting the certificate of performance late. It should be noted that the reasons must always be taken in order to be recognized. The most common reason is the disease. As proof serves the certificate of the doctor. Another common cause is the school’s fault. Despite passing the exam, she could not issue the ticket on time or, due to illness of the professor, could not take the exam. The document can be issued by the university. Also, the semester abroad, if it does not exceed one year, is recognized as a reason for the delay. Other reasons would be the pregnancy and parenting (own child under 10 years), disability and cooperation as an institution of the educational institution.
A credit without a certificate of achievement is just the normal loan.
Of course, there are reasons that make it impossible to provide proof of achievement. Nevertheless, of course one would like to continue with the study. If student loans come from the house bank, then there is the hope that a missing note may be handed in later. One should speak openly with the clerk about the reasons. If it’s just a sham and the exam can be taken in a timely manner, then maybe he can help. However, there is no obligation. The Federal financial aid regulations are clear and are also implemented exactly.
Since a credit without a certificate of performance, as a student loan, is not possible, so only the option of a normal loan. First contact person is the house bank. She knows the student personally and also her parents. The guarantee of the parents will arrive in this case. If they enter the contract as solvent guarantors, then there is also a possibility of financing. The interest rate of a student loan, however, is not granted.
Another option, for the credit without proof of achievement, offers the private credit market as a financing option. Private investors are not subject to any regulations on lending. So you do not necessarily have to demand proof of performance. The student loan is always based on the trust that the student completes his studies and then gets a lucrative position. If you have won this confidence of the private investor, then credit without a certificate of performance, from “private” is possible.