The Court of first instance number 60 of Madrid has admitted embargo to a former student, who has been a mor a few weeks ago, not to return a loan rent university, a line of credit of Institute of Official credit for university studies of Postgraduate course granted between 2007 and 2011. The line had about 12,000 beneficiaries and was created by government of José Luis Rodríguez Zapatero, through Ministry of Education, which now runs Íñigo Méndez de Vigo.
This is first known case of judicial embargo of se university loans, after demand of a financial institution by default, in this case Unicaja. Marta S. G. had about 800 euros in account, and Unicaja has claimed 18,755 euros: 14,427 euros "as principal and ordinary interests and expired moratoriums, plus anor 4,328 euros in concept of interests and costs", says car.
Official sources of Unicaja assured this Monday to country that "it has been decided to paralyze procedure of embargo and will put in contact with his client to arrive at a solution". Marta S. G. Asked for 14,000 euros of credit in 2010, when she was 24 years old, to study a master's degree. In 2014 offered possibility of receiving money paid and Martha did. Later, "I found precarious jobs and had no money to pay, so I no longer aboné quotas," recalls Mars S.G. in statements to country. On April 27, day his son was born, Unicaja le foreclosed 1,000 euros from account; As it only had 800, it has stayed with 200 euros of red numbers, he adds.12,000 students with loans
Between 2007 and 2011, with government of Zapatero, Ministry of Education granted more than 12,000 loans for university income to finance studies of Master and doctorate. The Ministry thus created a system of loans linked to obtaining of a future income, so that university graduates only had to return money when y had sufficient income, in particular an annual income of 22,000 euros. If y did not reach m, y did not have to repay credit, which became a kind of scholarship. The debt was extinguished at 15 years, if this level of income were not reached. Initially, interest rate was zero, although in 2008, 2009 and 2010, conditions were hardened and condition for which, if income of beneficiary did not reach 22,000 euros, was free of debt.
With arrival of Popular party to government, in November 2011, it ended this program. Through a ministerial order published in Official Gazette of State (BOE) on March 29, 2012, new minister of Education, Jose Ignacio Wert, repealed regulations regulating loans University rent. He considered that credits were very expensive and he remembered that in order to do master's degree re were scholarships.
Faced with se problems, students filed a complaint with Ministry of Education more than a year ago, which has not been answered, according to attorney Miguel Ángel Llamas, representative of this association. In 2007, 3,463 students received a total of 50 million in first call.
Despite worsening conditions, 4,742 people asked for credit at 2008 and 5,183 at 2009. The deterioration of loan conditions made it already in 2010 — with economic crisis at its peak — only 2,235 people asked. Thus, in 2008, 150 million of euros were dedicated, in 2009 or 75 million euros and 100 million additional in 2010, according to published five days. A total of 375 million.Complex credit System
The system of se credits was complex: The Ministry of Education created this line of loans and instructed ICO, in its role as state's financial agency, for its start-up, acting as financial manager. The ministry set conditions for each call: maximum amount, lack, interest rate, amortization, return assumptions, etc., remember sources of ICO.
Thus, Unicaja received funds of ICO, which established an interest rate and a deadline for its return. This bank claims that y are private loans, as Unicaja responds to possible defaults and must reinstate everything to ICO, which in turn will return it to education.
However, llamas, lawyer of Marta S.G. affirms that it is a credit of public nature "so that bank cannot claim money nor court can demand requirement of payment". He claims that re has been a double error and this morning has presented " nullity of proceedings for court to rectify. I am convinced that he will; I think it's a mistake because of overworking of courthouse, "clarifies llamas.
Mars S. G. Asked for a master's loan in 2011. After defaults, this Monday morning car was found. Llamas says that Unicaja did not negotiate with affected one, something that categorically denies financial institution. "Marta has not been able to defend herself with a lawyer and solicitor because she has received notification via edict," adds lawyer. The bank ensures that re is no mistake and that you have negotiated with your client for years. The credit was at 2.9% TAE.
According to Association of affected, with advent of crisis, many students have not been able to repay money for shortage of salaries and high precarity. "They should give a five-year delay, a period in which, presumably, se young people will have enough income to repay credit," says Llamas.Banks ' claim
"Collaborating banks have begun to reclaim thousands of young people from returning money and collecting commissions and interest in arrears, and even incorporating m into delinquent files," association says in a statement. Llamas recalls that in April 2017, Congress of Deputies unanimously approved, on a proposal from United States, that no interest or delay fees will be charged to delinquent students.
However, sources of Ministry of Education have underlined Efe that aforementioned loans were granted by banks and not education, "were agreements that students signed with banks."
The same sources have added that popular executive "eliminated se loans in minute one because he felt y were a trap for students."
The Association of those affected by university rent loan has requested an urgent meeting with Minister of Education, Íñigo Méndez de Vigo, in order to "solve problems and avoid judicialization" of or cases of students who have not been able to do In face of return of se credits.