Loans for school books: how much do Italians spend?

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Loans for school books: how much do Italians spend?

Loans for school books: how much do Italians spend?

Italians poorly informed regarding deductions for their children’s school expenses. Criticism at http://www.logographos.com/payday-loan-help-center-request-a-payday-debt-consolidation/

To highlight this trend we thought the last Observatory curated by Findomestic, an important company specialized in consumer credit, which investigated how the families of our peninsula manage their finances when it comes to education.

In order to cope with these costs, many proceed with the request for specific funding: among these, the provision of loans for school books has experienced a great boom in recent months, demonstrating how this is considered a heavy issue for many families. However, it does not seem to be just money, but information as well; in fact, according to what the Observatory has announced, almost one out of two respondents does not know that they can access a series of reductions for school expenses, while 8%, although they know this possibility, nevertheless choose not to take advantage of this option. Not only that, in the last few years there are also many companies that have set up welfare initiatives aimed at helping employees concretely in school expenses; an opportunity of which, however, only 17% of respondents take advantage, against a 46% who would like to do it but the employer has not yet foreseen this type of possibility.

How much do our compatriots expect to spend for this academic year? In principle, at least 6.5% less than what had happened last year. The most substantial sums are to be reserved for books and dictionaries which represent 65% of the outgoings of families with children of school age; immediately after we find the stationery accessories followed by transport. It is in the North West that the Findomestic Observatory highlighted the highest expenditure, which is on average around 698 euros, against the 540 registered in the insular and southern Italy.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Simple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Mago
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Sindomestic
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602