A credit for the training helps to make it optimal and to be financially secure during the training. With a loan for the apprenticeship, you can study twice as economically and plan your career sensibly.
Savings factor 1: You save energy
Many apprentices finance their training with a part-time job. Of course, this requires little or no qualifications, but is very time-consuming. As a result, these trainees lose valuable time that could be invested considerably better in learning for their training.
Their constant concern about their financial livelihood may result in them being unable to prepare adequately for exams. This can result in training either being delayed or ending with significantly poorer grades. In the worst case, the training is even canceled.
With a loan for training you save yourself these time-consuming part-time jobs. In this way, you do not prolong your education without a valid reason and the financial security that you receive with a loan for the education enables you to concentrate entirely on the education itself. This way you guarantee yourself the optimal result of your efforts.
Savings factor 2: You save time
With an apprenticeship you invest in your personal future: Because with the acquisition of new skills and competences you only become attractive for the job market.
Due to the earlier start of your career due to your training, the loan for the training is paid back all the faster.
Who grants a training loan?
Training loans are mostly granted by banks and are independent of parental income and assets. The so-called education loan, which is provided by the federal government, is also granted independently of the parents, but unfortunately can only be used by trainees in advanced training phases. Therefore, a normal training loan from a bank, although in contrast to the BAföG, has to be repaid in full, the flexible and individual arrangement of the loan agreement offers an alternative that is worth considering. Your house bank can provide you with specific information regarding the requirements and regulations for loans for training.