Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    1
    ReputationRep:
    Hello, I was just hoping that someone might be able to help me. I have just started a postgraduate masters and have managed to arrange a CDL to cover the fees and living costs. I had a bit of a health scare last week and am now thinking of asking to switch onto the part time study option for the course to allow me time to carry on the course and get fully well again. I think this will be fine with the university, but am not sure what would happen with the CDL. They have paid the first installment of the tuition fee, though I was wondering if anyone has had experience of changing CDL arrangements with the Co-op bank once a course has started (as the course would take an extra year and less tuition fee would be payable in the early stages of the course than previously agreed with the bank)? Thank you in advance.
    • Very Important Poster
    Online

    19
    (Original post by Ila10)
    Hello, I was just hoping that someone might be able to help me. I have just started a postgraduate masters and have managed to arrange a CDL to cover the fees and living costs. I had a bit of a health scare last week and am now thinking of asking to switch onto the part time study option for the course to allow me time to carry on the course and get fully well again. I think this will be fine with the university, but am not sure what would happen with the CDL. They have paid the first installment of the tuition fee, though I was wondering if anyone has had experience of changing CDL arrangements with the Co-op bank once a course has started (as the course would take an extra year and less tuition fee would be payable in the early stages of the course than previously agreed with the bank)? Thank you in advance.
    Find out from the uni if they are ok with it and what the change in tuition fees will beIts more compliated if they already have the money.

    Contact the bank and wprk out a chnage in the repayment schedule.. It still becomes due once you have finished your course, they just need to be told when that will be.

    Why didnt you get one of the new postgraduate loans from SFE which are more favourable terms?
    • Thread Starter
    Offline

    1
    ReputationRep:
    (Original post by 999tigger)
    Find out from the uni if they are ok with it and what the change in tuition fees will beIts more compliated if they already have the money.

    Contact the bank and wprk out a chnage in the repayment schedule.. It still becomes due once you have finished your course, they just need to be told when that will be.

    Why didnt you get one of the new postgraduate loans from SFE which are more favourable terms?
    Thanks for your reply, the uni are fine with it, and the tuition fee is half the full time fee over two years instead of one. I was just hoping to hear if anyone has had any luck making amendments to the CDL specifically with the Co-op bank, after the first payment had been made to university (they seem to pay the tuition fee in quarterly instalments)? I have had trouble getting in contact with the bank recently as they have said they have been very busy with CDL applications still.

    I would have loved to have taken advantage of the new masters loans, but am not eligible due to previous postgraduate study.
    • Very Important Poster
    Online

    19
    (Original post by Ila10)
    Thanks for your reply, the uni are fine with it, and the tuition fee is half the full time fee over two years instead of one. I was just hoping to hear if anyone has had any luck making amendments to the CDL specifically with the Co-op bank, after the first payment had been made to university (they seem to pay the tuition fee in quarterly instalments)? I have had trouble getting in contact with the bank recently as they have said they have been very busy with CDL applications still.

    I would have loved to have taken advantage of the new masters loans, but am not eligible due to previous postgraduate study.
    Ultimately only they can tell you. I think it would be quite unusual giving the fact they have paid the monely already, but this would require them to recalculate the interest to see if they could collect that from the government or you. Just get on the phone to them first thing tomorrow.
    • Very Important Poster
    Online

    19
    http://smallbusiness.chron.com/purpo...ture-3812.html
    http://www.bbc.co.uk/schools/gcsebit.../ictrev1.shtml
    http://businesscasestudies.co.uk/uni...#axzz4M37gpTfm
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Break up or unrequited love?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.