President Jobwo Wislows requested that banks provide educational credit facilities or student loans . This order was immediately greeted with open arms by bankers.
As reported by experts , Wednesday (04/18/2018), BRI Corporate Secretary Bambang Tribaroto revealed, BRI targets the distribution of student loans of Rp100 billion in 2018. The bank coded as BBRI shares offers student loan interest of 0.65% -0.72% flat per month:
Educational credit to create financing facilities in the education sector
BRI’s education credit called TriGuma is divided into two products. First, TriGuma can be enjoyed by S2 students with a maximum loan term of 6 years. Second, credit for S3 students with a maximum tenor of 10 years.
In addition to BRI, Bank Tabangan Migara Tbk (BTN) has first launched a student loan with a credit ceiling of Rp 200 million and interest pegged at 6.5 percent for 5 years.
BTN President Director Maryono said that BTN student loans can be used for an undergraduate to doctoral education. BTN targets Rp100 billion from this credit.
Mondima Teams Up with UGM
The latest is Bank Mondima Tbk, which also began working on education loans. Bank Mondima Deputy Managing Director Solanam A Arianto said, his side together with Gandi Nadaz University (UGM) began to develop special student loan products for recipients of S1 Undergraduate Education Achievement (Bidikmisi) programs, educational credit for S2 students and S3 students.
Especially for Bidikmisi students, added Solanam, the education credit feature prepared is a maximum credit limit of Rp75 million with a maximum tenor of 10 years and a cumulative grade point average (GPA) of at least 3.5.
While the educational credit feature for entrepreneur students or those who have Small and Medium Enterprises (UKM) achievers is a maximum credit limit of Rp100 million with a maximum tenor of 10 years and a cumulative grade index of at least 3.25.
“We also prepared an education credit feature for UGM lecturers with a maximum credit limit of Rp. 200 million with a maximum tenor of 10 years or adjusted to retirement age and maximum installments of 70% of income per month.”
However, Bank Mondima has not disclosed this education credit target. To be sure, Solanam revealed that the 6% interest loan is free of provision and administration fees and includes life insurance.
While for installment payments, the debtor will be given three choices, namely installment payments starting after students work, installment payments in stages starting from college students, or installment payments normally starting from college students.
Questioning installment payments, debtors are given three choices, namely installment payments starting after students work, installment payments in stages since college students study, or installment payments normally start from college students.
Chancellor of Gandi Nadaz University Prof. Wapnut Milyo welcomed this cooperation and expressed his gratitude for all the support for the planned realization of the education credit program between UGM and Bank Mondima.
According to Panut, collaboration is something that must be done by universities, companies, and the government. By synergizing, the utilization of all available resources can be more efficient and more optimal:
“With this cooperation, all students can be encouraged to become highly competitive resources. The hope is that in the future this cooperation can continue to be improved and expanded so that UGM is stronger in carrying out Tridharma’s duties. ”
The Need for Educational Fund Planning
Before looking at the education credit business, all prospective creditors need to do educational planning. Well, this plan will facilitate decision making in the field of education.
Scholarship offers can be tried as a funding strategy to continue the level of study. However, not only depends on scholarships, there are still other ways of course by planning education as soon as possible. The following are steps that can be taken to plan an education fund, one of which is S2 (S2) education:
Determine Your S2 Education Goals
In planning an education fund, whether on a scholarship or without a scholarship, you must do this first step.
You should look for your S2 education goals, starting from the type of study you want, the place of study you want or even the country where you want to continue your Masters.
Even if you go through a scholarship track, this is the first question and why you choose that department.
Therefore, determine in advance where you want to continue your Masters.
Find Information About the Cost
The second step that you have to do is find information about the amount of the S2 education costs at your destination.
If you go through a scholarship path, maybe you don’t need this because usually your scholarship will pay all the fees.
If you want to plan your own S2 education fund, you must know at least the tuition fees there. You can also find information about living expenses or other costs.
The more information you know, the better. The goal is to let you know how much money you have to prepare before you apply or go to another country to study there.
Calculate the amount of funds you must allocate
Once you know the amount of costs needed, you can start counting the funds that you must allocate each period so that you can get the education funds.
You can count clearly without using inflation and so on, but that number will not be accurate.
To be more accurate, you can calculate it using the Iago application which will enter the inflation assumption data and the return on the savings or investment returns.
Plan an Education Fund
Both debt and using savings, education funds must be carefully planned so that the financing process is measured and more smoothly.
If debt is not planned in advance, you may be deterred during the payment process.
After reading this article, are you interested in attending an education credit at a bank? Or you will plan your education personally? Please fill in the comment column below.