Student Loans

boo80

It's a long way off but I'm having a bit of a freak out...

I'm hoping to get a place at university in 2012, but I'm really worried they will pull the bursary and/or free tuition before then. If they do, would I have any chance of getting a student loan? I've in debt to 5 creditors, all of which have defaults against them. I'm working towards reducing the debt as much as possible before then, but it will still be on my credit file.

It's so difficult to get a place on the course, and I've put so much work towards it already.

Please don't tell me to get a job and save up, I have 2 children under 4 and childcare is so expensive here, it wouldn't be worth it even if I did have the time after my studies.

niccatw

I think that's a very difficult for any-one to answer right now. You are worrying over something you have no control over. What you do have control over is paying off as much debt as possible before that time and spending quality time with your children.

If the worst should happen, you won't know until much nearer the time, when you will also know how much you've paid off your debts and what other options are open to you. You can make an informed decision at that time.

At the moment, there's no point making yourself ill worrying over something which you have no control.

boo80

You're right of course, I'm just having a panic. It's going to be such a hard year to do all my course work, the voluntry work, the research, pay off as much of my debts as I can, and still find time to be a good mummy, I'm terrified it will all be for nothing! Thank you for your kind words. x x

fermi

Student loans from SLC are not subject to credit checks.

boo80

Thanks Fermi, so if it comes to it, I'd be able to get the loan despite my terrrible credit history? Phew! Thank you! x x

fermi

boo80 wrote: »

Thanks Fermi, so if it comes to it, I'd be able to get the loan despite my terrrible credit history? Phew! Thank you! x x

Yep.

Even people who are currently bankrupt can get them!