It can be hard to get everyday to make ends meet if you are a student. In big cities eat rental prices often entire SU why it may be necessary to take a student. They hang not on the trees, and the margin is only 11,845 per month (rate for 2015 for people in higher education), so unfortunately there are also limits on how much money can be earned.

The result is that 35% of students have one or more SU loans, overdrafts, consumer loans, SMS loans or payday loans. It is a very high figure, but for many it is unfortunately necessary as SU simply does not cover the most necessary expenses.

Take a SU loans

Today SU loans very low interest rates. You can borrow up to 2,897 per month at an interest rate of 4%. It is a very low interest rate that can not be obtained cheaper. There are (almost) no student who has a credit rating that allows for a lower interest rate on a traditional bank or lending institution. Remember, though:

• You must pay 1 percent plus the discount rate (the rate at which the central bank sets) when you finish studying. If interest rates in the economy rises, the interest rate on your loan SU also increase. In poor 80s could end up with an interest rate of approximately 20% on a normal SU loans - Today, interest rates are close to zero.
• You must begin repayment least one year after you have finished your education.
• You must pay the loan back on the sick and 15 years.

As with traditional loans must be careful not to end up in a debt spiral. There are actually over 18,000, which has a debt of more than 200,000 and 8,000, which has a debt of over 250,000. So one must say that SU loans are very popular.

Consider a consumer

If a SU loan is not sufficient, it may be necessary to take a consumer loan. There is a big difference between how much it costs, and it's not always best to take a loan through a bank, as interest rates can vary greatly. By comparing the online consumer can get a transparent overview of the market and your options. There are consumer loans with interest rates down to 5%, if you look for, and there are a few lending institutions that offer free loan for up to 30 days.

If you are Swedish or Norwegian students can not take an online consumer loans, as you must be a Danish citizen. In Norway, the cost of a so-called forbrukslån from 7.5% yield to maturity. In Sweden, the cost of a so-called snabblån from 3.85% yield to maturity.

Whether you are Danish, Swedish or Norwegian, you should be careful in choosing an expensive consumer loans. By choosing a cheap consumer can save thousands of kronor a year - and it runs quickly up!