Federal Student Loan Guarantee: Who Qualifies and What You Get

This scheme provides financial support through loans to help students manage their daily expenses while studying in Switzerland.

👤Who it's for

This scheme is specifically designed for students who are experiencing genuine financial need. It is intended as a secondary safety net, meaning it is meant for those who have already explored and exhausted other available funding options, such as grants or other types of financial aid, and still cannot meet their educational or personal costs.

🎁What you get

The primary benefit of this scheme is access to low-interest loans. These funds are provided to help you cover your essential living costs, ensuring that a lack of immediate liquid cash does not prevent you from continuing your education. This support is meant to provide a bridge for students struggling to balance the high costs of living with the demands of their academic pursuits.

💰What it costs you

While the funds are provided to assist you, there is a requirement to provide specific documentation to prove your eligibility. You will need to submit proof of your current income and provide details regarding your parental financial status. This information is used to verify that you meet the criteria for financial need before the loan is approved.

⚠️The catch to know

It is important to understand that this is a debt, not a gift. The most significant thing to keep in mind is that the money must be repaid in full. Once you have graduated, you will be responsible for paying back the borrowed amount along with the interest that has accrued.

📝How to apply

1. Gather your personal income statements and documentation regarding your parents' financial status.
2. Document the other financial aid options you have already applied for or exhausted.
3. Reach out to the Federal Office for Professional and Technology to confirm the current application requirements.
4. Submit your formal request through the official channels provided by the office.