The overwhelming majority of university and college students are eligible for the Student Loan. Full time, part time and correspondence students attending state-funded, partially state-funded or self-financed courses or even long distance learning students may take out the loan.
You are entitled to take out the Student loan if you
· are under the age of 35*,
· are a Hungarian national,
· are a recognized refugee,
· have a permanent residence permit or immigration permit,
· have the right to free movement and residence in Hungary on the legal ground specified in the Decree**.
You may take out the loan if you:
· have a valid student status in a higher education institute,
· have reported your place of residence to the registry of the personal data and addresses,
· have enrolled for a course for the particular semester and
· if you have no Student Loan contract in force.
Students whose Loan Contract, made before, has terminated and they have failed to pay off their related debts are not entitled to take out a Student Loan. Any person may have only one Student Loan contract at a time.
* The Student Loan may be disbursed for the last time in the month in which the borrower turns 35.
** The legal grounds established in the Decree:
· According to act I of 2007 on the admission and residence of persons with the right to free movement and residence (hereinafter referred to as Free Movement Law) the EEA nationals who intend to stay in Hungary for a period exceeding three months in order to pursue a gainful activity as well as any family member of such persons entitled to the residence exceeding three months,
· Any family member of a Hungarian citizen entitled to stay in Hungary for longer than three months,
· Persons entitled to the permanent residence under the Free Movement Law.