GEM fees tax deductible?

finty

Hi all,

considering Graduate Entry Medicine in RCSI starting this year. Now just have to worry about funding it. Can anyone tell me can you get tax relief on the fees?

Also is there any grants available for mature students out there?


I'll be resigning from my job to take this up so I presume claiming the dole isnt an option

haemfire

only thing i know is the bank packages

eth0_

Don't listen to Haemfire, he tells a lot of tall tales.

OP - AIB are doing special graduate entry medicine loans which you don't start repaying until you graduate.

And I presume you can claim tax relief too, as with all university courses.

blipp

You can claim tax relief but not on the whole amount as it is capped at around €5k or something.

No grants :-(

drzhivago

finty wrote: »

Hi all,
considering Graduate Entry Medicine in RCSI starting this year. Now just have to worry about funding it. Can anyone tell me can you get tax relief on the fees?
Also is there any grants available for mature students out there?
I'll be resigning from my job to take this up so I presume claiming the dole isnt an option

Big decision and well done for jumping, have you already been offered a place?

You get tax relief but only on a very small portion and I think at the lower rate as well, it may well save you some money this year as you will have paid tax but if you are not in a job next year it will mean very little over a 4 or 5 year period

Graduate entry is quite intense so will leave little time for work on the side unless you have a business that someone else can run for you

If you are in a job there is no incentive program for you to go to college

If you are long term unemployed and accepted for a place in college you retain your benefits while on the course and may even qualify for some additional ones too

Grants are available from co Councils based on income, if you have a good job you won qualify this year, i wonder though if they reassess with your changed circumstance when you have left job and are not earning from 2nd year on, you could check that with a students union they would have beeter information

Some of the colleges have funds for deserving causes but you will have to be there already to ask about that

There are some scholarships available from various trade unions and I think from some of the credit unions as well if your parents are in either.

Other than that I am afraid it is bank loans and with those hefty fees you are looking at leaving college with some hefty debt and much higher interest rates than mortgages

It is a difficult decision to make

finty

drzhivago wrote: »

Big decision and well done for jumping, have you already been offered a place?

Thanks for the advice, much food for thought.

To answer your question, no I havent been offered a place yet, got a 69 in the gamsat so unless something crazy happens I'll get an offer.

Just want to have considered everything well in advance.