A private school loan is by definition consisting of a funding facility granted through banks, private lenders and loan brokers in favour of parents who want to finance their children’s private school fee.
A private school loan is aiming to assist all parents who are looking to provide to their kids with best possible school education knowing that children’s education is one of the major expenses parents face in life.
Financing private school fees is for many parents always a challenge given the other financial obligations they are facing such as mortgage, car financing and credit cards utilisation, leaving sometimes very limited credit line room form the banks.
Funding private school needs to be planned in advance given that private school fees are important and need to be paid upfront on a yearly basis thus disrupting heavily many families budget.
PRIVATE SCHOOL FUNDING OPTIONS
In the absence of any savings to face private school invoices, and in order to permit children to be part of the elite schools enhancing their educational future, several options are existing for parents to finance these costly years:
Parents without savings but acceptable income and good credit score:
Parents with acceptable income and bad credit score:
Parents with low income and bad credit score:
Parents with no income and living from social welfare :