Financial Help For A Second Course

Phizpop

Hi, I was wondering if anybody could help with my current predicament.

I completed two years of a degree a few years ago but due to numerous reasons did not return for the third. I have since resolved the issues and I have been accepted onto a new course.

However, as I took out a student loan on my first degree I am now unable to claim any financial support for my first year. I fully understand the reasons for this but my question is what is the best alternative out there? Should I take out a bank loan? Or maybe continue to work and defer my place for a few years until I can save the money myself. Naturally, I would like to start asap.

Thanks for reading and for any advice .

MrsManda

Is there not any way you could use the credits from your first two years and convert them into a degree or are you studying a completely different course?

If you left your previous course due to extenuating circumstances you may be able to get your new degree funded but that'll depend on the circumstances and the evidence you can provide.

Otherwise it'd probably be better for you to take a year out to save up the money.

Oldernotwiser

I totally agree with the above.

If you took out a loan to fund the first year you would have to be repaying it out of your student funding during your second and third years.

The_One_Who

A personal loan is not a good idea. How would you pay it off whilst at university?

If the course is similar you may be able to transfer credits across, allowing you to at least skip the first year, if not the second. Also, as MrsManda says you may be able to get your new degree funded depending on your circumstances.