For many students dreaming of studying abroad, the cost of education and living expenses often feels like an insurmountable barrier. Passage’s student loan program offers a powerful solution by helping students secure the funds they need to pursue high-quality education without compromising on their ambitions. Through its tailored financing plans, Passage makes it possible to cover tuition, living costs, and other essential expenses.
One of the most appealing features of Passage is its flexibility. There are two main pathways to access funding: an “Admission Plus Loan” stream, and a “Loan Only” stream. The first stream is designed for students who need both help gaining admission into a school and financial support. Passage partners with vetted institutions, easing the admission process while assessing a student’s eligibility for funding. In the second stream, students who already have an offer letter can apply for funding separately, which streamlines the application process and reduces unnecessary complexity.
Passage also provides clarity and transparency regarding the financial terms of its loans. Once a student is approved, they receive a detailed loan offer outlining key components like interest rates, repayment timelines, and collateral requirements. The student then makes a collateral payment, after which they are issued a “Passage Pass” — a formal proof of commitment and financial readiness. This collateral-based system helps secure the loan while maintaining a measure of responsibility and accountability on the part of the borrower.
An added advantage of Passage is its generous coverage. The loan is structured to cover more than just tuition fees; it can also extend to living costs, which relieves students from the burden of finding additional funding sources for accommodation and day-to-day expenses. For international students especially, this level of support means they can focus wholly on their studies without financial distraction.
Passage is committed to inclusivity. Whether you’re a student seeking undergraduate or postgraduate education, the program supports various levels of study, depending on the institution and the country. What’s more, there is no penalty for early repayments, which allows borrowers to settle their debt sooner if they have the financial capacity.
With repayment typically starting a month after the program begins, the structure is designed to be manageable. This ensures that students are not overwhelmed during their studies, and repayment aligns with their financial capability as they begin their careers.
In addition, Passage offers valuable educational resources to help beneficiaries manage their finances responsibly. Through its financial literacy initiative, students learn evidence-based budgeting techniques, understand credit scores, and gain the knowledge they need to budget while studying and beyond.
By bridging the gap between financial constraints and academic ambition, Passage empowers students to take charge of their educational journey. Its student loan program opens up life-changing opportunities to talented individuals who otherwise might not afford international tuition and living expenses. For students who are committed to their goals and ready to invest in their future, Passage is more than just a lending platform — it is a pathway to global education.
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