INDONESIA EDUCATIONAL LOAN INDONESIA STUDENT LOAN
In Indonesia, a student loan is defined by a loan agreement between an Indonesian bank and an Indonesian student to allow him or her to cover the studies costs such as tuition, housing and transport.
In Indonesia a student loan is offered to Indonesian students in order to pay off university related expenses like college tuition, room and board as well as books and additional student costs such as university fees.
In Indonesia, an educational loan can be online and can cover costs for kids and students from kindergarten up to university level including postgraduate education, in addition this type of loan can providing with funding for additional education programs to be prepared for a future job.
Indonesia’s students loan system offers to students a credit facility at lower interest rate and the Indonesian students are not requested to repay back the student loans until the end of a certain grace period after they have completed their studies.
In Indonesia most students cannot afford to pay the expenses of higher education with their savings as the majority of Indonesian students have no income, so that they have no other alternative as to use student loans.