moneysupermarket, gocompare are good places to start.
Original post by FubbyTucker
moneysupermarket, gocompare are good places to start.
What if
a. I am denied work permit in here and I am not able to repay back loan
b. Even if I do get a job, my salary doesn't meet the monthly criteria after certain length of years.
You won't get a loan without a work permit
Most bank loans goes off your income at the time you apply for them not what you are going to earn in a few years.
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Original post by Hody421
What if
a. I am denied work permit in here and I am not able to repay back loan
b. Even if I do get a job, my salary doesn't meet the monthly criteria after certain length of years.
a. I am denied work permit in here and I am not able to repay back loan
b. Even if I do get a job, my salary doesn't meet the monthly criteria after certain length of years.
Then you won't be able to get a loan. Most students wouldn't qualify for a good private loan and definitley not the for the ammount that international student fees cost + living costs, only ones with payday lenders who a) lend relatively small ammounts of money and b) are happy to lend to people who can't pay back and c) have crazy interest rates
Can you not get a loan from the country you are considered to reside in before coming the the UK?
Hi Guys,
This is aimed primarily at postgraduates but the same principals apply to all students considering further education.
Broadly speaking you should think about funding education in this order...
1.Course specific Scholarships/bursaries/grants
2.Country specific Scholarships/bursaries/grants
3.National scholarships/bursaries/grants
Break - think carefully. If I can't secure any of these funding methods, do I really *need* to study (further) to achieve my career goals.
If yes...
4. Government subsidised loans
5. Specialist study private loans
6. Commercial private loans
Remember that any type of loan must be paid back and is a serious financial commitment. Think carefully before taking any private loans and how you can repay them.
For some, private loans are a great way of accessing education that would not have been available otherwise. They can also help add to bursaries and grants to cover living costs and other associated study costs.
The best way to evaluate the need for a loan, is to consider the longer term financial implications of taking further study. If by taking further study you can improve your financial prospects over your working life, then sacrificing extra income in your twenties (by repaying loans) is probably worth it for 35+ years of increased earnings.
Try to be realistic and remember, exceptional people do exceptional things and a qualification doesn't necessarily make you successful. Although it may help you access certain professions, it does not guarantee a high wage or success.
Always be sure to explore all the alternatives before committing yourself with a large private loan.
Best wishes
GraduRates
This is aimed primarily at postgraduates but the same principals apply to all students considering further education.
Broadly speaking you should think about funding education in this order...
1.Course specific Scholarships/bursaries/grants
2.Country specific Scholarships/bursaries/grants
3.National scholarships/bursaries/grants
Break - think carefully. If I can't secure any of these funding methods, do I really *need* to study (further) to achieve my career goals.
If yes...
4. Government subsidised loans
5. Specialist study private loans
6. Commercial private loans
Remember that any type of loan must be paid back and is a serious financial commitment. Think carefully before taking any private loans and how you can repay them.
For some, private loans are a great way of accessing education that would not have been available otherwise. They can also help add to bursaries and grants to cover living costs and other associated study costs.
The best way to evaluate the need for a loan, is to consider the longer term financial implications of taking further study. If by taking further study you can improve your financial prospects over your working life, then sacrificing extra income in your twenties (by repaying loans) is probably worth it for 35+ years of increased earnings.
Try to be realistic and remember, exceptional people do exceptional things and a qualification doesn't necessarily make you successful. Although it may help you access certain professions, it does not guarantee a high wage or success.
Always be sure to explore all the alternatives before committing yourself with a large private loan.
Best wishes
GraduRates
what exactly are you getting it for? a BA, MA, MBA, PHD etc.? i highly doubt anyone would give you one for a BA and the latters only if they see that youll likely be able top secure a job after so theyll get their money back... not to mention youll need to stick up a fair bit of collatoral or have a [i forget the name] but someone to insure you against repayment... well thats how it usually works it really depeds who you go with APR could vary widely between 4% way up to near 20% and then you have the likes of wonga etc. who charge several thousand percent :L
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