You can get money for education from the state with the help of an educational loan or tax deduction. The first implies assistance equal to 3/4 of the refinancing rate. The tax deduction makes it possible to return part of the funds spent on educational purposes.
There are several ways to get funds from the state for education. In practice, it turns out that most of the methods are suitable only for those who receive secondary or first higher, secondary specialized education. There are two ways to use it:
- get an educational loan;
- get a tax deduction.
Tax deduction refund
The cost of paid tuition is a sufficient basis for receiving money. The right can be exercised by:
- citizens who independently paid for the educational process;
- parents who contribute each semester for children (up to their 24th birthday);
- guardians, when teaching wards up to 18 years old;
- former guardians who contribute money for the education of citizens who were previously in their care;
- persons who pay for their siblings.
You can take money only if the student is studying full-time. In other forms, it will not be possible to exercise the right to a tax deduction. But this provision does not apply to citizens who spend their personal money on their own education.
To avoid problems at the stage of receiving money, you need to follow some rules. If the funds were paid with the involvement of maternity capital or employer's money, you will not have to count on any amounts. The educational institution itself must have the appropriate status and license. Private establishments are checked especially carefully in this regard.
To receive a deduction, the following documents are submitted to the tax authorities:
- 3-NDFL declaration;
- agreement from the university;
- a statement of the desire to receive a deduction;
- copies of documents on the status of the institute;
- certificate of full-time education;
- checks and receipts for payment.
If the money is not received by the student himself, then you need official papers confirming the relationship.
Getting help with obtaining a loan for education
If you want to get an education at a university, you can use the services of a bank. Usually, fairly high interest rates are offered if a loan is issued for education abroad, for example, in America, or when a young person signs a contract. In this case, it does not matter whether the diploma will be obtained on a paid or free basis.
The required amount of the loan is determined independently. Maximum it can be 100% of the required amount. Maturities are quite long - up to 10 years. Special rules apply if a student takes an academic leave. During this time, you can get credit holidays.
Help from the state in this case is to provide an opportunity to get a loan at a minimum interest rate. The advantages include the absence of the need to confirm the solvency. But the funds are not handed out, but transferred to the account of the university, only to pay the invoice. There are programs where money can be used to pay for textbooks or housing.
A government-subsidized education loan provides for the possibility of paying off the debt after three months from the date of graduation. You can pay off your obligations to the bank earlier, without a fine and commission. Moreover, ¾ of the refinancing rate is subsidized by the state.
To exercise your right, first select a bank. There are institutions that only cooperate with some financial institutions. You can get a list of them from the dean's office. At the bank, you need to write an application, attach a passport, an agreement from the university, an account from the accounting department.
A subsidized loan can be obtained by persons over 14 years old with the consent of the guardianship and guardianship authorities, legal representatives. Persons in respect of whom guardianship is carried out cannot use such programs.
Thus, money can be received from the state upon payment of tuition through a tax deduction. Assistance is also provided in obtaining an educational loan, provided under fairly good conditions.
