## The cost of the degree: loans to university students

It is known that facing a degree course involves costs, undoubtedly. Depending on the university you want to attend, the cost can be higher or lower. But what are the costs of a degree ‘

## Cost of the degree

According to research carried out by economists, who added up the cost of the degree course and the loss of income deriving from not working during the study years, the overall cost of the degree course is around 60,000 USD.

In fact, it has been studied that the cost of a degree course in Italy is on average 1,200 USD. The average time to graduate is 7 years. Finally, according to the Best bank, the net income of those who work with a high school diploma and are up to 25 years old, is $ 7,200.

Here, therefore, that the cost of a degree, in Italy, is about 60,000 USD, or 1,200 x 7 + 7,200 x 7 = 58,800.

## So is it worthwhile to graduate?

Yes, considering that the Best bank always makes it known that, on average, for each year in more studies, its net salary is greater than 8% per year. It is a pity that the current job market, which does not offer great opportunities, must always be taken into consideration.

## And how do you finance the costs?

To finance the costs of your course of study, you can apply for subsidized loans to university students. These are subsidized rate solutions that faculties, in collaboration with credit institutions, offer to students.

Usually, these are loans of honor, in the sense that they are made without providing guarantees, either real or equity. It is the university that guarantees funding.

The maximum amount that can be taken every year, proving to be in step with the exams, is 5,000 USD. Therefore, there is talk of 15,000 USD in total for the three-year degree and 10,000 USD for the specialist degree.

The conditions of repayment are very advantageous, since you have to start repaying the installments only after graduation. There is usually a grace period ranging from 12 to 24 months. This is the period just after graduation, which must be used to find a job.