Faroe Islands - Guidance To Apply Student Loan

ProcedureEdit

Faroese Student Grant Fund

Before you start preparing your application for a student loan or a grant, it will be better if you will check first when is the deadline for submission of applications will be. This will help you come up with an application time frame, making sure that your application will get approved before the academic year begins.
Check the Faroese Student Grant Fund's website to know which documents you will need to submit, about the application process and conditions you must follow after securing a loan.
See 'Documents to use' section for forms you will need to submit when you apply for a loan.
Submit the completed form along with all other required documents.

Required DocumentsEdit

List down the documents required for successfully completing the procedure.

e.g.
1. Proof of child birth from the Hospital.

Office Locations & ContactsEdit

Faroese Student Grant Fund
STUDNI
Hoydalsvegur 1,
Postrm 1345,
FO 110 Trshavn,

Tel. 20 40 60
Fax 20 40 61

Email: [email protected]

Website

EligibilityEdit

Faroese Student Grant Fund

Danish nationals and permanent residents in the Faroe Islands who study in the Faroes and abroad.

To qualify for student grants or loans from the fund, applicants must be full-time students and must be:

Danish citizens who live in the Faroe Islands, or
Citizens of another country who legally reside in the Faroes and do not receive grants from their home country and have:
- become a legal resident in the Faroes, together with their parents, before they have turned 20 years old,
- become legal residents in the Faroes after they have turned 20 years old and have lived in the Faroes for at least two years continually before commencing their studies, or
- are legal residents in the Faroes and have been married to a Danish citizen for at least two years.

FeesEdit

Explain the fees structure which is required for obtaining the certificate/document.

ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to UseEdit

Application Forms - Faroese Student Grant Fund

Sample DocumentsEdit

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Processing TimeEdit

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InstructionsEdit

Faroese Student Grant Fund: Aiming to provide student grants and loans to Danish nationals and permanent residents in the Faroe Islands who study in the Faroes and abroad.

Grants for students studying abroad are granted upon application to full-time students who meet the above requirements and have lived in the Faroes for at least two of the last three years before commencing their studies or have lived at least half of their life-time in the Faroes before commencing their studies.

Required InformationEdit

A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or County of Birth.

Need for the DocumentEdit

Designed to help students pay for university/college tuition, books, and living expenses, student loan differs from other types of loans with its interest rate substantially lower and repayment of the loan may be deferred while the student is still in school.

Some banks offers this specific type of loan to their customers. A student loan can also be obtained through a government student loan program, this may not be the case in all countries so it will be better if you will check first if such program exists in your country.

Following is a guide on how students can apply for a loan or seek financial aid in Faroe Islands .

Information which might helpEdit

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External LinksEdit

Faroese Student Grant Fund Website:

http://www.studul.fo/Default.aspx?pageid=14518

OthersEdit

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