The government-backed student loan allows you to borrow money to finance your education, without having to provide a bond or proof of income to the bank.

To qualify for a government-guaranteed student loan, you must meet all of the following conditions:

• To be registered in an institution in France to prepare a competition or a diploma of French higher education (university diploma, BTS, business school, engineering school...)
• Be of age and under 28 at the date of the loan (an enfranchised minor can also apply for a student loan guaranteed by the State)
• Have French nationality or that of a Member State of the European Economic Area (EEA), on condition that you have resided in France continuously for at least 2 years
• To be registered in an establishment in France to prepare a certification, a competition or a diploma of French higher education (university diploma, BTS, business school, engineering school...)

There is no cap on resources.

You must first log in to the digital platform Token Bpifrance, request a pre-eligibility certificateand provide the requested information:

Request for attestation for the government-guaranteed student loan

Then, you must send the pre-eligibility certificate to one of the partner banks from which you want to obtain the loan:

• Mutual Credit
• CIC
• BFCOI (mainly in Reunion and Mayotte)
• Postal Bank
• People'S Bank
• Savings bank
• Société Générale
• Crédit Agricole

The partner bank in turn logs into the digital platform to verify the information you have transmitted and to validate or not your loan request.

If your eligibility for the State Guarantee is validated, the bank reviews your application and decides whether or not to grant the Student Loan.

The student loan is a consumer credit and the partner banks must comply with the rules applicable to this type of credit.

These rules concern in particular prior information of the borrower, the contract implementation and the right of withdrawal.

Insurance is not required for a government-guaranteed student loan, but you can choose to take out insurance. In this case, you are free to take the insurance offered by the bank or choose another insurance.

You don't need to put up a bond or have a relative as a guarantor.

Indeed, the State provides its guarantee to the partner banks, via the Banque Publique d'Investissement (Bpifrance).

But you have to repay the loan, because the state guarantee will only come into play if the bank proves that it has tried unsuccessfully to recover its loan claim.

Moreover, the State guarantee covers only 70% of the loan amount.

The amount of the loan depends on the bank granting it and can go up to €20,000.

The interest rate is set freely by the partner bank.

The government-guaranteed student loan is not a free loan.

In addition to the principal borrowed, you must therefore pay bank interest, insurance costs (if you take out insurance) and file fees at the time of granting the loan.

The term of the loan is between 2 and 10 years.

You have the right to postpone the repayment of the loan (principal and interest) until the end of your studies.

However, you can decide to pay the interest during your studies.

This choice must be made at the time of the subscription of the loan.

If you decide to take out insurance, you have to pay the monthly insurance payments during your studies.