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Struggling with a student loan

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  • 09-02-2016 1:58am
    #1
    dfarrelly96
    Registered Users Posts: 56 ✭✭


    Hi guys, so I'm in my second year of college and I took out a student loan at the credit union to pay my college fees as I didn't get the grant, I'm working part time on weekends but I'm really starting to struggle with repayments, I commute to uni as well so that takes up majority of my weekly income, I'm really starting to struggle to pay the loan and I was just wondering is there any way I can hold off the loan repayments until after uni or anything like that?


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    #2
    endacl
    Registered Users Posts: 22,239 ✭✭✭✭endacl


    Have you spoken to your lender?


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    #3
    dfarrelly96
    Registered Users Posts: 56 ✭✭dfarrelly96


    endacl wrote: »
    Have you spoken to your lender?

    No I haven't spoke to them yet


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    #4
    whomitconcerns
    Registered Users Posts: 4,319 ✭✭✭whomitconcerns


    Maybe that should be the first step? Answers here would be pure speculation


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    #5
    dfarrelly96
    Registered Users Posts: 56 ✭✭dfarrelly96


    whomitconcerns wrote: »
    Maybe that should be the first step? Answers here would be pure speculation

    Yeah that's probably the best thing to do, I was just wondering if anyone knew anything about the credit union specifically, I will try and get in and talk to them as soon as I can


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    #6
    endacl
    Registered Users Posts: 22,239 ✭✭✭✭endacl


    If your loan is with the Credit Union, they will tend to be more understanding and flexible than the banks. Work out what you can afford, put a repayment plan together, and put it to them. The worst they can say is no.


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