Poland - Guidance to Apply for Student Loan

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Procedure

Applying for the Government's Student Loan Scheme

There is a government-sponsored student loan scheme for Polish residents.

The Student Loan and Credit Fund was established at Bank Gospodarstwa Krajowego (BGK). Means of the Fund are intended to provide student loan interest subsidies and redeem a part or the whole of student loans. BGK does not grant loans. Loans and credits can be applied for in one of the four commercial banks which signed a cooperation agreement with BGK.

• Decide on the amount of Loan required
• Understand which banks provide loan for that particular institute.
• Apply for the student loan
• Submit all the necessary documents
• Get the loan

Applying for a Student Loan Banks

A lot of banks provide loans. It is important, however, to choose a bank that meets your circumstances, such as your income, your credit rating and your securities.

If a parent or other creditworthy individual cosigns the loan with you, it may lower your interest rateand give you a better chance of approval.

Make sure you apply early even if you have a conditional offer as you can amend or cancel your application if your plans change.

• Decide on the amount of Loan required
• Understand which banks provide education loans.
• Apply for the student loan
• Submit all the necessary documents
• Get the loan

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Required Documents

• Application form
• Identification documents
• A copy of your passport

Office Locations & Contacts

Please list down the office locations that can be approached for applying. External links can also be used specifying office locations.

Eligibility

In Poland, loans are easily available from the various credit unions, banks or loan companies that deal in making loans available. By virtue of their trade, loan companies and agencies offer attractive terms for students to borrow from them rather that dwell on conditions of the loan other than the borrowers ability to pay back the loan.

Fees

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

Validity

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

Documents to Use

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Sample Documents

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Processing Time

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Related Videos

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	

Instructions

Loans for university students studying in Poland is offered by the countrys only owned bank. It makes loans available to students are very low interest rates and also makes credit amortizations available to selected students who are in real need of financial support for their studies. The amortization accords students a lower amount to pay at the end of the loan period. It works in consort with 9 other commercial banks to provide preferential credits to students.

Required Information

• Your data
• Your study data
• Data from your parents
• Declaration
• Signature

Need for the Document

In Poland grants and loans for assisting students in their academic studies are provided by the government-owned bank, universities and credit unions. The terms offered for accessing these financial aid sources are different and students are required to observe and follow different procedures for obtaining and reimbursing them. Loans are also available to non-EU citizens.

Information which might help

Pursuant to the Act of 17 July 1998 on Student Loans and Credits (Polish Journal of Laws No. 108, item 685) the Student Loan and Credit Fund was established at the Banks. Means of the Fund are intended to provide student loan interest subsidies and redeem a part or the whole of student loans. Banks does not grant loans. Loans and credits can be applied for in one of the four commercial banks which signed a cooperation agreement with the banks.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Ministry of Science and Higher Education

Student Loan and Credit Fund

Others

More information which might help people.