FUND A COURSE THAT PREPARES YOU FOR YOUR FUTURE CAREER
Joining AMOS is committing to a course that has been created with one purpose: helping you to get into the sports job market.
Our teams on each campus are here to guide, advise and answer your questions depending on your profile, professional project, ambitions and international goals.
These sessions will help estimate a personalised budget that will allow you to predict your funding needs. Our teams will also guide you in finding financing solutions tailored to your profile and your situation. Pre-empting your needs allows you to focus on the essentials: the success of your studies and your career.
THE DIFFERENT POSSIBILITIES OF FUNDING YOUR STUDIES
- PERSONAL FUNDING
- STUDENT LOAN
Periods focusing on professional experience or those entailing part-time contracts can allow students to fund a substantial part of their studies. This work experience can be an important step towards your career, however it is important to remember to not let this get in the way of your studies.
PROFESSIONAL EXPERIENCE CONTRACT
Professional experience contracts make it possible to complete block release training during certain years of the course with support for your academic expenses. This type of contract, with a variable duration of between 6 and 24 months, requires company recruitment and is also subject to validation by the school depending on your professional project.
FUNDING FOR HIGH-LEVEL AND PROFESSIONAL ATHLETES
Les sportifs de haut niveau peuvent bénéficier d’aides au financement de leur double cursus. Selon votre cas, les aides peuvent venir du ministère des sports, des clubs ou des sponsors. Si vous êtes dans ce cas, n’hésitez pas à vous signaler lors de votre inscription.
A STATE-GUARANTEED STUDENT LOAN
STUDENT LOAN OBJECTIVE
The state-guaranteed student loan has been created to allow easier access to loans for all students, especially those with few personal resources or no financial guarantor.
To obtain this type of loan, you must be a student under 28 years of age and be either French or a citizen of the European Union or European Economic Area (in the last two cases, you must prove at least 5 years of residence in France).
There are no financial requirements or joint surety. Like the classic student loan, repayment can be totally or partially deferred. In the event of a default in repayment, the State bears part of the risk. The maximum loan amount is €15,000 per student and the State therefore guarantees 70% of the loan capital excluding interest. The guarantee lasts for a maximum of 10 years from the first payment.
EXAMPLES OF LOANS
EXAMPLE OF A STUDENT LOAN FROM A BANK LIBIABLE TO VARIATIONS
For a personal student loan of €7,000, lasting 24 months. At the fixed annual Global Effective Rate of 4.49% (fixed lending rate of 4.40%), you’ll repay 24 instalments of €305.22, i.e. a total amount of €7,325.28 (including the €325.28 of interest, excluding optional insurance and any application fees offered).
An optional borrower insurance cost, calculated on the basis of death cover and total and irreversible loss of autonomy for a single borrower at the date of the offer, is often offered and added to the repayment term of the loan (if you have signed up) (1).
(1) Subject to the terms and conditions and exclusions of warranties set forth in the information notice of the insurance in question. Subject to acceptance by the insurer. The cost of insurance varies depending on the age and personal circumstances of the borrower.
AN EXAMPLE OF A OSÉO STUDENT LOAN FROM A BANK
Example of a OSÉO student loan of €6,000 over 2 years + 3 years deferred: fixed annual borrowing rate of 3.20% or fixed APR of 3.90%.
36 monthly instalments of €16 (during the grace period) and then 24 monthly instalments of €258.42 (during depreciation). Total amount due: €6,919.68 (including €30 application fee).
In the case of adherence to the so-called optional insurance, a contribution of €0.78 per month during the deferred period then €2.52 per month during the amortisation period are included in the monthly payment.
These examples are non-contractual.
Taking a loan consists of committing to its repayment, therefore you must check your repayment ability before you make this commitment.
FREQUENTLY ASKED QUESTIONS
By putting students in contact with banking organisations, AMOS lets you not only obtain a loan that meets your requirements but also one with very advantageous conditions.
How does it work?
The student is referred to different banking organisations free of charge in which AMOS has relevant contacts.
The requested banks evaluate applications based on their own criteria. The student is then notified as to whether the request will be granted.
The student arranges an appointment with the bank or banks selected.
The student prepares their file, goes to the bank and signs the loan agreement.
Yes, it is certainly possible for students to apply for a loan from a different bank, although it is recommended to get one from your current bank if possible.
How to proceed:
At first, it is best to consult your current bank advisor, as they may offer you a loan on advantageous terms as a reward for your loyalty.
After this it may be worthwhile to go and visit competing banks, not only to see if you can find a better offer but especially to be able to negotiate with your current bank ("If you do not give me a better offer than bank X, I will leave your bank.")
If the most advantageous loan offer is at another bank and you decide to take it, there is nothing stopping you from keeping your account at your old bank.
Banks are always willing to compromise so do not hesitate to negotiate with them.
Student loan contracts do not always go hand in hand with paid studies. Some students study for free but still need funding for daily expenses. Thanks to student loans, you can fund your student life in its entirety without ever having to justify your expenses to the bank. In fact, a student loan can be taken out whether you are a private school or university student and can be used for all kinds of things: for example, to pay for your monthly rent or your shopping, to buy a new computer, to go on a trip or to live abroad during your studies abroad.
Before taking out a loan, you must take all your expenses and income into account. It goes without saying that this is provisional and somewhat uncertain data, but is essential to determine your funding needs. It is a good idea to draw up a summary table listing your income and expenses like the one below :
|Tuition Free Expenses :
> Tuition costs
> Student Social Security
> Mutual Fund
> Other expenses
Student life expenses
> Family support
> Student job
> Paid internship
> Housing benefits
> Professional experience contract
|Need / Financing annual capacity (Expenses - Income )|
If the result is positive, it shows that you have a need for funding
If the result is negative, you are able to fund things yourself.
Bank credit represents a risk for students but also for their bank. The bank carefully examines your file before giving an answer, taking the following into account:
- The ability to pay back the loan: the student’s studies are one of the first things the bank looks at. Depending on the chosen educational institution, course and academic level, the bank will estimate future income, assessing repayment capabilities.
- Financial guarantee: Banks very often ask for guarantors to minimise their own risk of indebtedness.
- Your banking history: There is the National Personal Credit Loan Incident File and the Central Check File that allow banks to verify that the student has not had any payment or repayment incidents. Before any loan agreement takes place, these documents are closely examined. Banks also take into account the guarantor’s financial situation.
- Your personal situation: Both the student and guarantor’s personal situations are analysed by the bank (studies, family situation, employment...)
Decision: Bank managers have maximum amounts of credit to grant that cannot be exceeded. They must sometimes refer to their head office for authorisation. Once all the relevant information has been examined, the bank makes its final decision.
Please note: Banks are fully aware of your financial situation, so there is no point in lying. Be honest!