Financing options : What are the possibilities?

No matter if you want to change your career or just want to give your CV a new eye-catcher, one of the most promising areas for this is certainly the field of data. With a training course from Liora, you will be able to do just that. But which of the various financing options is best for your situation?

How to finance a training with an education voucher?

If you are currently unemployed, seeking work, or threatened by unemployment, you have a good chance of receiving an education voucher. Self-employed persons or students are also eligible for an education voucher under certain conditions. Employees are rarely entitled to an education voucher, mainly if they are threatened with unemployment or only have a temporary employment contract. Regardless of which category you are currently in, you should contact your case worker at the Employment Agency or Job Centre and check whether there is a possibility of receiving funding for your continuing education. This would allow you to have your online training course at Liora.com completely financed.

Self-financing​

Regardless of whether you qualify for the education voucher, you always have the option of paying the course costs by bank transfer, direct debit, or credit card without any fees being charged to you. If you cannot pay the entire amount at once, you may be interested in our payment by installment service. This allows you to pay the costs of your further education over a period of up to 12 months, so you can start your further education from around €400 per month! Our advisors will be happy to give you a detailed overview of the various installment options.

Financing by the employer​

If you are an employee and would like to expand your competencies in your current position or change to another area of the company, you should discuss with your employer whether it is possible to (at least partially) cover the costs of your further training. After all, not only you but also your employer will benefit from the newly acquired knowledge! Our advisors will be happy to give you valuable tips for the discussion with your supervisor.

Reverse generation contract of the Chancen EG​

If you have not received an education voucher and cannot finance your further education yourself, the income share agreement of the “Chancen EG” could enable you to complete your further education. This is comparable to a student loan. You only start repaying the course fees after you have completed your further education and found a new job, for example as a data analyst, data scientist, or data engineer. An additional advantage is that your repayment is suspended if you lose your job or fall below a certain minimum income.

Are there alternatives financing options?

If none of these financing options are suitable for you, you should ask your bank if they can offer you a loan at a reasonable interest rate. Such an educational loan is usually tax-deductible, just like the costs of continuing education. You can also try to finance your further education via a crowdfunding website. Some of these offer community financing for training measures. All in all, there is a suitable financing method for every situation. Make an appointment with one of Liora’s advisors to find the perfect financing option for you.