Turkish student loan requirements

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• می 7, 2023
• BlogEN
• student, Turkish universities, universities in Turkiye
• 0 دیدگاه

_{What are the conditions for receiving a study loan in Turkish universities?}

_{Higher education can be expensive, especially for international students who choose to study abroad. Türkiye is one of the countries that offer various opportunities for international students to study at its universities with affordable fees. However, some students may still need financial assistance to cover their expenses. In this article, we will discuss the conditions and requirements for obtaining a student loan in Turkish universities.}

_{Student Loans in Türkiye}

_{There are two types of student loans available in Türkiye: government-funded loans and private loans. Government-funded loans are provided by the Higher Education Credit and Hostels Institution (KYK), which is affiliated with the Ministry of Youth and Sports. Private loans, on the other hand, are offered by commercial banks and other financial institutions.}

_{Government-Funded Student Loans}

_{To be eligible for a}

 _{government-funded student loan,}

 _{you must meet the following criteria:}

_{1.You must be a Turkish citizen or a citizen of the Turkish Republic of Northern Cyprus.}

_{2.You must be enrolled in a formal education program at a Turkish university.}

_{3.You must be between the ages of 18 and 25.}

_{4.Your family income should not exceed a certain level, which is determined annually by the Ministry of Youth and Sports.}

_{5.You must not have received a government-funded loan before.}

_{If you meet these criteria, you can apply for a government-funded student loan through the KYK website. The loan amount varies depending on the student’s needs and the cost of living in the city where the university is located. The loan is interest-free, and students have up to 24 months to pay it back after graduation.}

_{Private Student Loans}

_{If you are not eligible for a government-funded student loan or need additional financial assistance, you can apply for a private student loan. Private student loans are offered by commercial banks and other financial institutions, and their terms and conditions vary depending on the lender.}

_{To apply for a private student loan, you must meet the following criteria:}

_{1.You must be enrolled in a formal education program at a Turkish university.}

_{2.You must have a good credit score and a stable source of income.}

_{3.You must have a guarantor who can provide collateral for the loan.}

_{4.You must be a citizen or permanent resident of Türkiye or have a valid residence permit.}

_{Private student loans have varying interest rates and repayment terms, so it is important to compare different lenders’ offers before making a decision. Some private student loans may require students to start paying back the loan while still in school, while others may offer a grace period after graduation.}

_{Obtaining a student loan in Türkiye can be a viable option for international students who need financial assistance to cover their expenses. Government-funded loans are available for eligible Turkish and Northern Cyprus citizens who are enrolled in a formal education program at a Turkish university. Private student loans are also available, but they require a good credit score, a stable source of income, and a guarantor who can provide collateral for the loan. Before applying for a student loan, it is important to research and compare different lenders’ offers to find the best option that suits your needs}