I am admitted to a business school in France and I have just got a quote from Prodigy Finance. The loan amount is about 30000 euros, the fee is 2.5%, and the term is 15 years. The first repayment will be made six months after graduation. It means that I need to pay about 300 euros every month for 15 years, though there is no penalty for early payments. Do you guys think it is worth it?
To make it more answerable, could you guys also tell me what the interest rate of a typical euro student loan is? And is the monthly payment deductible from the tax?