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Getting a loan on student funding
I want to get a personal loan to consolidate my 2 credit cards and career development loan. I owe £3800 on my Career Development Loan, £1400 on one credit card and £4300 on my other credit card.
I can find plenty of unsecured personal loans that would bring my monthly payments down and allow me to pay them off within 4 years.
BUT
I am not technically employed, I am a fully funded PhD student. This means I receive £12300 a year, tax free.
Now this is the equivalent of earning around £15,500 a year but I cannot get a loan because of my student status.
My funding is guaranteed for 3 more years but I cannot work more than 6 hours a week while receiving it.
Can anyone give me any advice on how to get a loan?
Thanks
I can find plenty of unsecured personal loans that would bring my monthly payments down and allow me to pay them off within 4 years.
BUT
I am not technically employed, I am a fully funded PhD student. This means I receive £12300 a year, tax free.
Now this is the equivalent of earning around £15,500 a year but I cannot get a loan because of my student status.
My funding is guaranteed for 3 more years but I cannot work more than 6 hours a week while receiving it.
Can anyone give me any advice on how to get a loan?
Thanks
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