The number of requests for loans to purchase books, dictionaries, notebooks and diaries is always increasing, also due to the economic crisis and the ever-increasing prices of the components of the school equipment.
The economic crisis pushes Italians to apply for loans for school books, dictionaries, notebooks and, in general, everything necessary to send their children to school.
Why are they applying for loans for school books?
The first motivation that leads Italians to apply for loans for school books is one: between scarce work, taxes and taxes, there are more and more families who are unable to make ends meet or who do not arrive there easily and which, for this reason, they prefer to turn to loans rather than pay all school expenses in cash. However, attention must always be paid to the conditions of financing.
What is the average expense that each family will have to bear?
Again according to Federconsumatori, the average expense that each family will have to pay to send a child to school is 506.50 USD for the purchase of notebooks and diaries and over 500 USD for books and dictionaries (on average, it is 529.5 USD, or an expenditure of 1.6% more compared to last year).
This sum was calculated taking into consideration students of various classes, from lower middle schools to technical institutes and high schools. It is not surprising that families who have children in the first classes will have to bear the biggest expense: for those who will have to attend the first grade, there is a cost of 484 USD, while new high school students will pay a little less than 800 USD.
When you say the “(economic) weight of culture”: between notebooks, diaries, books, dictionaries and maybe the backpack will spend over 1,000 USD per child.
Beware of taking out a loan without first seeking good
According to Richard Duom there are few credit institutions that grant loans for school books : just under a dozen including the Agree Bank and the Postal Services. This presupposes few alternatives which, together with the lack of willingness to read the small print on the contracts to be signed, leads to very specific risks: the loan could eventually become very expensive because between unsolicited insurance and interest rates at the limits of usury the total expense to be returned could go up a lot.
Comparing loans is always the right solution
At this point the right solution to find affordable loans is to compare the loans offered by the various banks and credit institutions. Lender Bank and Cream Bank are two of the best alternatives from this point of view.