The rise in university fees has generated many Spanish families need credits of up to 2,000 euros to pay the course to their children for over a year.
In the midst of the cuts, a gesture of solidarity was born thanks to an agreement between the Alumni Association of the Polytechnic University of Valencia and Comunitae.com, which will allow the 30,000 students of this university to get their former colleagues to give them loans for face your registration.
An innovative economic aid
Thanks to this initiative, the more than 70,000 alumni of the center will be able to finance university students who take a course at this university.
Credits of 2,000 euros are granted at an interest rate of 8%, with repayment terms of up to one year. The inter-community loan company will allow former students -or even family members or third parties- to finance part of the current study credit. students of the UPV, to whom credits of up to 2,000 euros are granted at an interest of 8% and with repayment terms of one year.
The Alumni Association of the Polytechnic University of Valencia, concerned about the significant increase in university fees, has seen in the web platform of loans of Comunitae.com a way to help young people and their families through the people who most They feel that help close: those who in their day studied in the same UPV classrooms and today are aware of the value of this teaching.
University fees skyrocket
The fees that the students of the public universities pay for the first and second cycle studies and the degree in first enrollment increase this course above the inflation in eight autonomies, especially in Catalonia and the Valencian Community, where they grew more than twice the CPI. These two communities have increased their rates by 7.6% and 7.5%, respectively.
The degree of Agricultural Engineer at the UPV has risen today to 1,440 euros Engineering (chemical engineer, electronics, etc.) are the third highest titulaciones, together with those related to technology (as computer or systems technician). The price of the credit for the first registration was 17.07 euros; the second, 21.34 euros; and 29.02 per credit for repeating a subject three or more times.
The figures could be from now of 21.34 euros per credit and first registration, 29.87 the second and 50.79 euros for the most repeaters. Thus, the Degree of Agricultural Engineering at the Polytechnic University of Valencia has risen today to 1,440 euros.
How does it work?
The formula of the loan is very simple- click here to investigate www.find-a-job.org/2018/01/26/credit-card-pricing-ways-to-get-great-pricing Find A-job. The person who needs the money enters the website of the Alumni Association of the UPV, where they will have to explain how much money they need and for what.
Then Comunitae.com carries out an evaluation of the applicant’s profile and offers to participate in the loan to the 12,000 members of the Alumni Association of the UPV.
Afterward, it is not a single person who lends all the money he needs to another -which would be a high risk for the savers, but many people lend money to many others who, in turn, receive the total of their money. loan thanks to a multitude of small contributions.
Each loan involves an average of 80 people, who can contribute to the total credit from fifty euros each to a thousand. In turn, each saver participates in as many loans as he wants.
Loans between people, a bold alternative to banking
The P2P lending is based on the evaluation of the profile of the applicant and the diversification of the borrowed money. Comunitae.com is the company that incarnates in Spain the loans between people, also called P2P lending or social lending. That is, a community of savers who lend money to other people to obtain a return on their capital (currently, a net 9.9%). In Spain, there are already 1,017 people who lend money to another 234 through the Internet.