The home loan in three main steps
A few weeks ago, you took a trip with your family to the countryside and came across a magnificent little house for sale. Since then, nobody can stop talking...
Sam’s parents are providing financial support, and he also has a CEDIES scholarship and loan, meaning he can focus entirely on his studies. He will only start repaying his loan after he has graduated, or up to two years later, if he prefers. He feels really fortunate to be able to make the most of being a student!
Sam has wanted to become a lawyer since he was 15. Maybe because his favourite uncle is a lawyer, or because he loves watching TV series featuring lawyers and investigations, like Ally Mc Beal, The Good Wife, Suits and Capitani. Sam is very good at solving all sorts of cases.
When applying for a place at university, he chose the best law schools in France. He went to student fairs two years running, picking up tonnes of brochures and prospectuses and poring over them on arriving home.
His first choice was to go to the south of France, because going to the beach after class seemed like a great way to make the most of student life! He was on the waiting list at Montpellier University, as Paris offered him a place straight away, and let’s be honest, his parents wouldn’t have let him miss the opportunity of studying at the Sorbonne.
Once he had shared his news with all the family, Sam and his mum went to see some apartments in the best parts of Paris. Prices have gone up a lot since his mum studied there! Sam is quite happy to be on his own so he began by looking for a studio apartment he could make his own instead of a flatshare.
But after phoning several numbers from student housing websites and visiting several apartments, Sam realised he wasn’t going to find what he was looking for in Paris! All the apartments he applied for were either already taken or too far from the university. It was time to compromise.
A few weeks before the start of term, Sam and his mum visited the university campus. A notice board in the entrance hall had dozens of ads for flatshares. Sam didn’t want to share a bathroom with a stranger, but in the end he found a few places that looked good. He phoned one number and after a quick chat he arranged to visit the apartment.
After viewing it he took it straight away! The apartment is just 15 minutes’ walk from the university - what a great location!
With rent to pay every month, Internet, telephone and electricity bills, food, and train tickets to come back home every now and then, Sam had to learn how to manage the money he received each month.
He’s got a scholarship and took out a CEDIES loan, which he will start to reimburse later, even up to two years after graduating if he wants. This will at least leave him the time to find a job first.
To keep on top of his budget, Sam has set a monthly spending limit. His parents will help out if necessary, but they are pleased to see their son take control of his finances.
"Get the next instalments of your loan in just a few clicks with S-Net Mobile."
When Sam has spent the first instalment of his loan, he will easily be able to obtain the next instalment, straight from his mobile. For Sam, it’s great to be able to do that via S-Net Mobile – he won’t have to visit his branch in Luxembourg, he will be able to access his loan by simply scanning the QR code he received when the loan was approved!
1. Check you have the latest version of S-Net Mobile installed on your phone
2. Select "CEDIES Loan" in the S-Net Store
3. Scan the QR code shown on the letter approving your CEDIES loan
4. Confirm your request and the money will immediately be paid into your Spuerkeess current account
Mum might not be cooking for you anymore, but that’s no excuse to let yourself go. Sam’s parents have always had a healthy lifestyle – his mother has always cooked fresh food, and he used to cycle over 40 km with his dad every weekend.
To keep up these good habits, the location of Sam’s flat means he can walk to university, so he gets around 30 minutes of exercise every day (there and back).
For his meals, Sam buys fresh food at the local grocery store two or three times a week to avoid waste.
Sam always pays with his Axxess Visa Debit card, meaning he has a record of what he spends, which he can check at any time on the S-Net Mobile app. MIA, the personal financial assistant in S-Net classifies Sam’s spending by category (Food & Home, Restaurants & Leisure, Health & Well-being), giving him a clear overview of how he spends his money.
Sam doesn’t just have a debit card – with his Axxess Study package, he enjoys many other benefits:
Sam has all he needs to manage his money and has even kept a little aside to pay for Netflix and PlayStation Plus, because since he couldn’t go study to the south of France, he spends rainy afternoons on his screen. At least this way there is no risk for him to get sunburned!