About Education Loans (Student Loans)

As a parent, it is important to start planning education funds and see the financing options.

If you are thinking of taking education credit in Indonesia, first consider the following versatility.

Increased Education Costs


Based on the National Education System Law of 1989, education is carried out in the form of guidance, teaching, and training. Education itself is divided into formal and informal education.

Many parents seek education for their children with education outside formal study hours, for example with tutoring.

The education sector has indeed proven its critical resilience, considering that education is indeed a fairly basic requirement.

But unfortunately there is an increase in the cost of education in each particular period.

In Indonesia, the increase in costs usually occurs every year. The rate of increase in school entrance fees and fees varies from 6 to 20 percent per year.

The factors that influence the increase in education costs vary, including:


It is common knowledge that inflation is a driver of the increase in various costs, including the cost of education. It takes an increase in teacher salaries along with the increase in inflation, so that the impact on education costs increases.

The desire of the community to provide quality education

No parent wants bad things for their children, no matter how much they have to pay they will seek the best education for their children.

Changes in education standards

Over time, educational institutions certainly strive to continue to improve the quality of their education because of public demand. To improve the quality standard of education, of course there is a need for additional costs that are not small.

Therefore, the school imposes on parents through tuition fees and school fees.

Unfortunately, the increase in tuition fees has resulted in more parents relying on educational credit to continue to pursue their children’s education to higher education.

Before further talking about education credit? Have you planned your education funding finances?

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What is Credit Education (Student Loan)?

What is Credit Education (Student Loan)?

Did you know that unlike primary and secondary education, which the majority of the costs are borne by the government in the School Operational Assistance (BOS) program, the cost of higher education is a private affair for universities and their students.

Therefore, it is not surprising that the results of the study show that only 8.15% of the population aged over 15 years and above successfully completed their tertiary education.

The majority of the 8.15% figure entered the middle to upper economic level.

So, it is clear that one of the causes of their failure to obtain higher education is in terms of costs.

The ideal solution is to plan education funds early on. But if you are late preparing or still lacking funds, one alternative solution is to take a student loan .

A student loan is a loan scheme intended for students which include education costs and also living expenses (in general).

Education funding loans are usually given by the state (government) both from banks / private financial institutions and other non-bank business entities.

Because it is intended to improve the level of education in the country, generally the education loan interest scheme tends to be low (even up to 0 percent in some countries) and also the term of payment is quite long.

Some education loans require debtors to pay off before graduating, but some also provide a period of time until the debtor passes and has income.

Education Credit ( Student Loan )

Student Loan

Fortunately, there has been a discourse on the implementation of a student loan program in Indonesia. This was triggered by President Joko Widodo on March 15 at a limited meeting at the President’s Office.

“In meeting with national banks, I challenged them to issue educational credit products, or if they usually call student loans in America.”

In brief, this discourse discusses the plan to involve various private banking institutions and as lenders for prospective student education funds.