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Loan or not to loan?

2

Comments

  • reddev1990
    reddev1990 Posts: 7 Forumite
    Can i not use the fact i am a part-time student to request a "student loan"?
  • BackOnTrack
    BackOnTrack Posts: 574 Forumite
    reddev1990 wrote: »
    I have no time for another job during the weekdays and have tried very hard for the past 5months to get a w/e job else where but no joy.

    Yeah it aint easy out there.

    What sort of holiday were you planning? Is a camping holiday possible?
    There's no sense crying over every mistake.
    You just keep on trying till you run out of cake.
  • reddev1990
    reddev1990 Posts: 7 Forumite
    CLAPTON wrote: »
    running a car with an income of 480 pm is a expensive luxury; why do you have a car?

    borrowing simply for a holiday is extremely unwise

    just live within your means; have a cheaper holiday


    I am insured on my mums car and pay her my insurance i pay all my own diesel and pay a monthly £100 to her too. I need it to get to my job unfortunatley i dont live close.
  • BackOnTrack
    BackOnTrack Posts: 574 Forumite
    reddev1990 wrote: »
    Can i not use the fact i am a part-time student to request a "student loan"?

    I don't think so but i'm no expert.
    There's no sense crying over every mistake.
    You just keep on trying till you run out of cake.
  • reddev1990
    reddev1990 Posts: 7 Forumite
    CLAPTON wrote: »
    running a car with an income of 480 pm is a expensive luxury; why do you have a car?

    borrowing simply for a holiday is extremely unwise

    just live within your means; have a cheaper holiday
    BackOnTrack wrote: »
    Yeah it aint easy out there.

    What sort of holiday were you planning? Is a camping holiday possible?

    it is a weekend festival in germany and yep it is camping and we wanted to stay in hostels around some citys for a week, worked out the cheapest option and its comming up at around £600
  • reddev1990
    reddev1990 Posts: 7 Forumite
    BackOnTrack wrote: »
    Seems better value than the £40,000 a degree costs these days

    i agree, i just felt that all my friends that are at uni now are comming out with dept anyways is a £1000 really that bad compared when i do have a guaranteed job at the end of my 3 years. or is that pretty nieve?
  • IronWolf
    IronWolf Posts: 6,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    An apprenticeship is actually a course, so you are paying to learn, thats how they justify the low income.

    Its actually not a bad wage comparing to 6th form or uni!
    Faith, hope, charity, these three; but the greatest of these is charity.
  • scottishblondie
    scottishblondie Posts: 2,495 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It is pretty naive. Student loans don't have to be paid back until you are earning better money, but a commercial loan would have to be paid back on a monthly basis starting immediately. Think about how much that £120 a month will be reduced by once you have to factor in loan repayments, and once you've spent the money you're stuck with it. If you think you can live with having that much less a month, save it instead of borrowing.
  • BackOnTrack
    BackOnTrack Posts: 574 Forumite
    reddev1990 wrote: »
    it is a weekend festival in germany and yep it is camping and we wanted to stay in hostels around some citys for a week, worked out the cheapest option and its comming up at around £600

    Not Rock am Ring is it? Went there in 1998 and it was awesome.

    I think your best bet is to just keep looking for weekend work, somethign should turn up eventually. People elsewhere on this forum might be able to make suggestions to help you save or finding some additional income, maybe mystery shopping or something. Sorry I cant help more.
    There's no sense crying over every mistake.
    You just keep on trying till you run out of cake.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    Apprenticeships are AWESOME - you get real-world, real-life skills and contacts and paid (not much, but something) at the same time. Whilst no jobs are ever guaranteed, I know 100% for sure that I'd take someone with 3 years on-the-job experience over a fresh uni graduate who thinks they know it all (but hasn't got the experience to back it up).
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