Friday, October 4, 2024

Honorary loans for university students: The aid provided to outstanding students can reach up to 75 thousand euros

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and Unsecured loan for eligible students to finance university expenses or master’s degree: The idea is not new, just think that student debt in the United States totals $1,744 billion and has tripled in the last fifteen years. More than 90% is owned by the federal government. Yet in our country, few of them are still being manufactured. In a recent speech, Sistino Giacomoni, president of Consap, a subsidiary of Mef, pointed out how In Italy, less than 1% of students take out honor loans, compared to 12% in Germany, 54% in the Netherlands, and 55% in Sweden..

The study fund, created in 2010 during the Berlusconi government at the behest of the then Minister of Youth, Giorgia Meloni, has been working poorly so far: until April 30, only 2,633 loans had been financed, for a total of 24.7 million euros. Now the government is trying to relaunch it, with the novelty of the Law on the Transformation of the Sports Decree, which has just entered into force: Provides for a last resort guarantee by the state, up to 70% of the disbursed capital share..
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