A language stay improves the professional chances, since knowledge of foreign languages is rated as positive both for hiring and for promotions. Language classes abroad serve either to learn a new language or to improve existing foreign language skills. A language study loan is definitely one of the loans taken out for an investment, since the knowledge acquired can be used for life.
Acquiring new and deepening existing language skills is entirely possible in Germany. Those who take a language course abroad, however, practice the newly acquired knowledge directly on site, which means that it is quickly transferred to long-term memory. However, it is a prerequisite that the language learned is actually spoken as a colloquial language at the location of the language school. If you attend a Spanish course in Barcelona, you will hardly be able to apply the knowledge in everyday life on site, given the preference for the Catalan language.
The cost of a language course abroad is not only higher than the fees for courses at the local adult education center, not only because of the necessary accommodation, but also because of the intensive language lessons, so that many participants take out a loan for the language stay.
Agreeing on payment in installments with the language school is the simplest form of borrowing for the language stay. However, it is not always possible because only a few language schools offer payment of your bill in installments. In addition, some language teaching institutes limit the payment of installments to course fees only, while they do not pre-finance accommodation. If the language school offers payment in installments, this is usually cheaper than borrowing.
Employees ask their employer about a possible loan before applying for a language course abroad loan. In many companies, there is already a company agreement for the granting of employer loans, so that a corresponding loan is easily available. Even without a company agreement, many employers voluntarily grant their employees a grant or a cheap loan for a language study trip if the newly acquired or enhanced language skills can be used in everyday work.
Another cheap way of borrowing for a language stay abroad is to offer personal loans through a licensed bank. Since the amount of credit required for a foreign language course is relatively low and can be paid off by participants with high incomes within a few months, the use of the overdraft facility is also a useful alternative in this case. Students can take advantage of low-cost, long-term loans at many banks to take advantage of language courses abroad.