How To Obtain Student Loans In Argentina As An International Student

Studying is an avenue for a young adventurous student to explore their surroundings while making contributions towards the future they desire.

While it is true that some people would prefer to explore the UK, US, Canada, China and other countries. Argentina is a country in South America which has a dynamic culture, wonderful history, a good educational system and bubbling nightlife for those who love to explore their environment.

Asides having their universities ranking highly on the world ranking university websites, if you are a lover of good food and wine then certainly you would enjoy your stay as there is an abundance of beef in Argentina owing to their lifestyle.

Also, the natives there speak Spanish which allows you to learn the Spanish language which is spoken in over 21 countries across the world.

When Is A Student Loan Necessary?

Sometimes when studying in a foreign land even when you have probably calculated an estimated budget for your expenses during your stay at school, there might be other expenses which may come in the form of;

• Travel expenses
• Insurance
• Cost of books/laboratory fee
• Library/Examination fee
• Buying a new laptop
• Student field trips e.t.c

These unforeseen expenses might put a strain on your financial budget and if you do not have an alternate source of income in form of bursaries, scholarships, or part-time jobs then you may have to apply for a loan.

How Does Student Loan Work In Argentina?

 While the country encourages international students looking to come into their country, there is no means for financial aid through loans for international students. However, students may approach private banks to see if there is a package that may be arranged for them.

What Would I Need To Obtain A Loan?

Requirements for student loans depend largely on which bank you are obtaining your loan from. The general requirements include;

• Admission letter
• Transcripts and Test results (IELTS, TOFEL)
• Valid ID card
• Signature Proof
• Salary slip(of either parent)
• Statement of accounts (3-6months)
•  Completed application form with signature
• Passport size photographs
• Valid Visa and Passport (for international students )

Is there a Minimum Amount?

The minimum or maximum amount that you may be entitled to depend solely on the bank which you have approached for a loan with interest rates and repayment plans also varying on the financial institution.

Conclusion

Before applying for a loan, I would suggest that you discuss various funding opportunities with your supervisor or university before leaving your home country. You could also be on the lookout for scholarship opportunities either from your home country or in your university.