After successfully completing their studies with a good degree, young academics generally find challenging job offers. Students with a particularly successful degree are happy to opt for further doctoral studies. In the medical and natural sciences, often with lawyers, it is customary to complete your university education with a dissertation. The stated goal is then: Doctorate.
Promotion means financial effort
University graduates who are considering a subsequent doctoral degree quickly recognize that in addition to the technical and scientific requirements, there is also a considerable financial hurdle to be overcome. Doctoral studies are estimated to take an additional three to four years. The cost of living during this time must be secured by taking appropriate measures before starting your doctoral studies. Few of the chosen ones receive one of the esteemed scholarships, but the majority of doctoral students have to look for other ways of securing their livelihood.
Funding through doctoral student loans
If you are a successful graduate and would like to take the path of further, multi-year doctoral studies, you are faced with a certain dilemma if you are completely on your own. As a university graduate, he cannot have a job linked to regular income. When looking for a financing solution, additional years of study that are to be financed must be clearly addressed. A normal loan from a bank or a credit institution would have no chance of being realized. This is where the form of a loan called “Loan for PhD Students”, which corresponds to an educational loan, comes into play. The conceptual approach is the promotion of academic training. For experienced banks and credit institutions, the fact that doctoral students can repay their loan after a successful doctorate without any problems reduces the risk, since a doctorate usually opens up good opportunities for earning money. From the point of view of credit institutions, this reduces the risk of losing money through loans for doctoral students.
Compatible with loans for doctoral students
Young researchers can receive targeted support through loans for doctoral candidates, with a pleasant amount of courtesy, and be supported in their further studies. In general, the loan for doctoral students has a significantly lower interest rate than for other loans. The term is negotiable and extends over a period of one to three years. The doctoral student is paid out in monthly installments with which the doctoral student can cover his rent and living expenses. As a “bonbon”, some credit institutions include bonus services for a good doctoral degree in their doctoral student loan. Those who complete their doctoral studies quickly and with particularly good results can expect a discount on the repayment. The start of repayment for a loan for doctoral students is usually determined on a case-by-case basis and usually begins when the holder of the doctoral degree has found his or her job.