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I need an 11k student loan!

  • 17-07-2011 11:26pm
    #1
    knifeyspoony
    Closed Accounts Posts: 64 ✭✭


    I just found out that i am liable to pay tuition fees for my first year in college, which are 7000 and then of course registration fee, books, accommodation etc.
    Anyway i need 11K and was planning to ask credit union, is there any chance they will give it to me? I dont wanna go in there and be laughed out of the place frown.gif I can have my parents as guarantor if they want and my parents have a very good reputation with the credit union.

    Im on Back to education allowance and will be able to pay back 200 a month no problem. Can anyone give me some advice on what to do about getting a student loan? Please help, If i dont get a loan i dont think ill be able to go to college. Thanks for reading.


Comments

  • #2
    sm171
    Registered Users, Registered Users 2 Posts: 44 ✭sm171


    If your parents are members of the credit union you shouldn't have a problem. If you yourself have any money in there it would be better and they will give a loan to members at least up to the amount they have in their accounts without any problem.


  • #3
    Bandana boy
    Registered Users, Registered Users 2 Posts: 4,337 ✭✭✭Bandana boy


    knifeyspoony wrote: »
    I just found out that i am liable to pay tuition fees for my first year in college, which are 7000 and then of course registration fee, books, accommodation etc.
    Anyway i need 11K and was planning to ask credit union, is there any chance they will give it to me? I dont wanna go in there and be laughed out of the place frown.gif I can have my parents as guarantor if they want and my parents have a very good reputation with the credit union.

    Im on Back to education allowance and will be able to pay back 200 a month no problem. Can anyone give me some advice on what to do about getting a student loan? Please help, If i dont get a loan i dont think ill be able to go to college. Thanks for reading.

    Is it a 1 year course ?
    Your planning on paying back 2k a year on a 11k loan.
    If you will need to borrow money again next year you will need to come up with the means to pay 1K back a month

    As a rule Credit union only lend to members ie people who have savings
    A good rule of thumb is 3 times your shares


  • #4
    knifeyspoony
    Closed Accounts Posts: 64 ✭✭knifeyspoony


    Bandana boy wrote: »
    Is it a 1 year course ?
    Your planning on paying back 2k a year on a 11k loan.
    If you will need to borrow money again next year you will need to come up with the means to pay 1K back a month

    As a rule Credit union only lend to members ie people who have savings
    A good rule of thumb is 3 times your shares

    I wont need to borrow again next year as I only have to pay tuition fees for 1st year. I only have 1k in the credit union.


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