Often, one year after completing the study the student loan into a revolving credit.

Borrow money for students, usually through or with the IB Group. This has therefore often the most attractive interest rate that commercial banks often can not deal with.

Very likely this form of lending money to students thoroughly overhauled since it going to be called accessible. Students may combine a few clicks on the site of the IB Group to borrow money.

Parents also often provide a loan to their children to study finance. This is best with aninterest-free loan or a private loan. Pay is also a possibility, but falls outside the category of “borrowing” since it is a donation.

Advantages

Quickly arranged through IB Group or private loan with money borrowed from family.
Lower interest rates, often more sensible because the students are
Sometimes the loan is waived.

Disadvantages
Only for students and not for every student, often only possible from Higher Vocational Education.
After graduation, the loan must be repaid quickly often.

The money is lent at 0% interest, a contract must be made and it is intended to be the amount immediately due. Upon completion of the study, the loan gradually be waived or refunded.

Please note that the loan amount due is always and that this debt actually can be paid off if the tax is here to inquire.

A deed is usually sufficient, reporting to the Tax is recommended. Ask for advice there, as it is their job they know all the ins and outs and help you naturally happy.

Advantages
Since no money is paid, you do not have to pay gift taxes. The principle is that the loan is repaid and will be.
There is a debt in BOX 3. This can be advantageous in some cases.

Disadvantages
The amount borrowed must always be paid back. Quite difficult, because you just borrow money because you did not.
The provider of the loan will be charged with a so-called capital taxes while the money lent.