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BOI Grant Advance/Alternative S-T Finance?

  • 13-08-2010 7:22pm
    #1
    Celtise
    Registered Users, Registered Users 2 Posts: 461 ✭✭


    I just found out I will get a grant for my masters which I was counting on to help me overall break even for the year along with some sponsorship assistance from a company I previously worked with.

    However, while the company are still willing to help, they now say they won't be able to give me the assistance until November, and of course it is always a gamble on when grants are issued. Thus I will have a cashflow problem until at least October (grant dependent) or otherwise November.

    The only short term financing solution I could think of was the Bank of Ireland Grant Advance Scheme. Has anyone ever used this before? Is it really interest free?

    I am not in a position to receive anything from my family. The only other option I could think of was Credit Union loan but I'd say they would want a guarantor as I am a student and I don't have one available. (Also I don't know how long it would take to be approved!)

    Anyone have any other ideas/suggestions/help?


Comments

  • #2
    Annasopra
    Registered Users, Registered Users 2 Posts: 41,189 ✭✭✭✭Annasopra


    student assistance fund

    It was so much easier to blame it on Them. It was bleakly depressing to think that They were Us. If it was Them, then nothing was anyone's fault. If it was us, what did that make Me? After all, I'm one of Us. I must be. I've certainly never thought of myself as one of Them. No one ever thinks of themselves as one of Them. We're always one of Us. It's Them that do the bad things.

    Terry Pratchet



  • #3
    brownacid
    Registered Users, Registered Users 2 Posts: 484 ✭✭brownacid


    Ulster Bank do an interest free overdraft of 1750, that might help you out, you have up to nine months after graduation to pay it back aswell before the interest gets applied to it.

    I used this last year while waiting for grants and it worked a treat.


  • #4
    phily is a legend
    Closed Accounts Posts: 1 ✭phily is a legend


    brownacid wrote: »
    Ulster Bank do an interest free overdraft of 1750, that might help you out, you have up to nine months after graduation to pay it back aswell before the interest gets applied to it.

    I used this last year while waiting for grants and it worked a treat.

    Just wondering if u wud hav any information on ulster bank, are they very strict on student loans or overdrafts. I applied to BOI for a student loan of 2 thousand euro and was refused on the basis that I only recieved the back to education allowance. They told me if I was getting a goverment grant I would of been approved but I cant understand this as my income on the BTEA is 3 times greater than on a goverment grant! Any info wud be useful thanks....


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