The majority of students need financial support during their studies. Federal financial aid or a student loan are available. Both forms of credit require proof of performance from Studiosus to document progress in the course.
If there are the first credit points, which is usually from the fourth semester, Intrasavings bank, for example, requires proof that semesters five and six have been completed. There are students who do not have such proof of achievement but still need a credit without proof of achievement.
The problem of proof of performance
A credit without proof of performance is discussed if the required number of points has not been achieved. This can have several reasons, such as changing the subject or not consistently carrying out the course because part-time jobs had to be served. You have to know that if you change your subject, time will continue to run, but the points cannot be taken away. It has to start all over again. This is a major problem for credit institutions, as students should finish their studies quickly in order to be able to pay back the loan granted.
The possibility of a loan without proof of performance
Banks provide student loans with the background that the student does not initiate the repayment until the degree has ended or the start of professional life has begun. Students receive a credit without proof of achievement for consumption purposes, which, however, cannot be obtained without a guarantor. The reason for being a guarantor is that consumer loans have to be repaid one month after approval and the student does not have sufficient income or is not creditworthy. A student can hardly provide any other collateral such as real assets or real estate.
More options for lending without proof of performance
Another option is a loan from private donors. The financial market offers financing options here. Private investors are not subject to any regulations like banks and do not necessarily require proof of performance. With an appealing presentation, the student can gain the trust of a private investor so that he agrees to a loan without proof of performance. The basis of trust is always based on the fact that the student successfully completes his studies and later gets a lucrative job.