A problem

BeccaBell

Hello,

Its my first visit to this board and I couldnt find an answer so forgive me if this has already been asked.

A friend(L) of mine is trying to fund her masters degree and part of the stipulation is that 25% had to be paid in April.
As L was low £1,000 a friend (P) offered to lend her the money. When L asked if P would like to put something in writing P declined.

P has now decided she needs the money back alot earlier than anticipated and L is getting very upset as she still needs to get together £11,000 in fees alone.

We are looking into fundraising and she has applied for various grants and I have suggested a career development loan to think of covering the £11,000 but this doesn't eliminate paying £1,000 to P.

Should she take a loan out to cover the £1,000 and pay P off?

Thanks in adavance and sorry to drone on!

Peelerfart

More of a moral dilemna, I would have thought.