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Deferred Loan Scheme

  • 12-08-2009 6:51pm
    #1
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭


    Would the loan you get be given through the Banks or would it all be through the state/local authorities? I'm just saying if you'd had a Credit Card cancelled before and so your credit affected would this affect your Student Loan? Does anyone know how it works & when it's likely to be introduced?


Comments

  • #2
    Sad Professor
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Technology & Internet Moderators Posts: 22,693 CMod ✭✭✭✭Sad Professor


    You mean college fees? It looks like they will be introduced next year (academic year 2010/11). We don't know yet exactly how such a loan system would work or if there even will be a loan system but that's what the minister prefers. The cabinet will make a decision in September. The banks may nor may not be involved. Either way, bad credit history won't affect you as repayments will be made via the tax system.


  • #3
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭RebelGirrrl


    Do you think up-front fees could still happen?


  • #4
    Sad Professor
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Technology & Internet Moderators Posts: 22,693 CMod ✭✭✭✭Sad Professor


    RebelGirrrl wrote: »
    Do you think up-front fees could still happen?
    No, some sort of loan scheme or graduate tax is pretty much a dead cert at this point, we're just waiting for the details.

    However, there might still be an option to pay upfront. The cabinet report last month suggested there could be a 20 percent discount for upfront payments. This would generate some quick revenue which the government/education sector badly needs right now, but would create the perception that rich people are getting it easy.


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