All willing to borrow

Alexia keeps the date in the corner of his head: “In October, I started to pay off.” 330 euros per month for four years. Soon graduated from Sup de Co Toulouse, it recognizes that the loan – 17,000 euros – puts a little pressure. “It feels more pressed to take a job.” Alexia is not specifically disadvantaged. His parents separated, had concluded a deal with her. Father finance the first year, the mother, the second, and Alexia year of graduation. Schooling at Sup de Co Toulouse is average business schools: 7300 euros per year. But Alexia, having opted for a break – a year abroad – has chosen to finish in style with a double degree, are three semesters at the Technische Universität Berlin. The result, she borrowed almost the maximum 17 000 euros at once, to live the last moments of student life “more fully.” Back in Berlin in January, she is working hard to write his memoir while Bossant next.

Schedule tight. Alexia is not an isolated case. She agreed with the ladle, “at least one third, possibly even half,” his comrades weighted as it a debt. “The discussion is very easy with banks. The case is mounted in a quarter turn. It is clear that they are on the lookout. I got an extension of 2,000 euros last year. I also know I can push the refund. ”

Yann, he is in the “gap year” after the first two years of HEC. He took his internship at a consulting firm in Boulogne (Hauts-de-Seine), to put money aside. Because it already accumulates 25,000 euros of debt. It is not even on the ceiling that his bank (LCL, the former Credit Lyonnais) theoretically provided to students on campus (around 30,000 euros). But he wants to avoid borrowing too much for the last year of school. The regime of repayments that will have to impose upon its release, is already severe: 500 euros per month the first year, 800 to 900 euros the next two years and then 500 euros again. And he wants to accelerate again: “I think to stay at home”, he said, that is to say, stay in the family home near Sarcelles (Val-d’Oise) to save rent when has landed her first job.

Yann finances his studies only: 7700 euros per year tuition, room on campus (530 euros the first year, excluding APL), the contribution to the student office (450 euros), the purchase of the PC, the licensed driver. His mother used to SNCF, and his father, head of a small business federation, are separated. The school has a budget to help students gave him nudge the first year. Many students also improve the ordinary with odd jobs. His two-hour weekly glue, in a preparation St. Cloud, it reported last year, a significant windfall for a hundred euros per week.
Getting a loan is not really a concern. At each reporting on the campus of HEC, three or four banks (Société Générale, LCL, BNP-Paribas.) Take place shop for financing. Rates are negotiated with the school. Yann got ready for its subscribed in 2006, a rate of 2.70% in the LCL “This is 0.5% less than the standard rate.”

By telephone. The student in engineering school does not escape more detour to the bank loan. Especially if he follows a course fee: 25% of schools, non-public, charge tuition. ESTP (Special School of Public Works) is one of them. It runs on its advertising inserts, the range of financial aid, including bank loans. It even provides the phone numbers of agencies around the school. It only remains to call. At CIC, home phone is kind. The credit rate is less so: “This is 3.64%. And the security is imperative, “said the counselor. At LCL, the home is more friendly “2.43%, with zero application fee, of course!” The formula proposed to “Estépiens” is particularly rehearsed: an advance of 6,000 euros a year (or more) released each year to pay the tuition, and we reimburse once hired. Flexibility mound on a single limit: “The maximum time between the first loan and the end of the repayment should not exceed seven years.”

Do students borrow more than before? ESTP lack of evidence to quantify the scale: “Banks strongly communicate with our students and with particularly inciters rate,” says the school, especially as’ graduates are expected in a market of buoyant construction. ”

But the loan is not the only way to finance studies, further emphasizes the school that figure to nearly 50% the proportion of its engineering students who receive scholarships or specific aid. 1.5 million was distributed as (CROUS, businesses, professional associations, alumni associations.) In 2007 and 1.9 million should be in 2008. Jonathan childminder mother and stepfather agent Masters, the first year of ESTP has “unlocked” 10,000 euros on his bank loan of EUR 30 000 intended to cover his tuition. The sum does not move: “I have a friend who Société Générale lent EUR 70 000.” And now Vinci, the construction company offered him a deal: finance his second and third years of studies against the commitment to make its courses, and future trial period at home. The offer is “tempting”, weighs Jonathan, but he will not let his loan, because he said, at that rate (2.43% for loan LCL), “it would be stupid not to benefit”.

Double talk. The EISTI, an engineering school specialized in information processing, has taken a step further and offers a “home” solution: the school has signed with a bank (LCL) Cergy, an agreement deposit exemption student borrowers. Only tuition fees are funded. The sum is borrowed at one time and at any point in the cycle – up to 19 200 euros for the three years of engineering studies, but up to 27 400 euros if you include the two years of preparatory classes integrated school. It is hosted collectively by the school. The profit is rather thin for the student “is protected from raising our rates – around 3% per year,” explains the school. Even tuition fees are not immune to inflation. About fifty students on promotions of 150 to 200 students resort to this formula. They accumulate quite often with a scholarship at the school which has a quarter of scholarship students.

In the view of schools, financing by bank loan was never so well worn. The year of “caesura” often spent abroad, rent inflation, the near certainty of a job for engineers and sales staff, call for debt. Banks are less vocal on the subject. “The student loan-related market is still quite toned and rates from May 2007 to May 2008 remain stable,” said the pretty jargon Générale. The engineering schools or business is “still as a popular hunting ground,” commented the head of the student office of a major engineering school, which negotiates each school year, access to large banks file students. This is where the deposit banks harpoon their future businesses. Yann, Jonathan, and Alexia.