Help for a student that can almost see the light at the end of the tunnel.

NoMansLand

Hello and salutations to all, first post here so hope this all goes well.

Apologies in advance regarding the length as I feel this may be a long one, I will try to crop out unneeded info though.

Firstly, I am currently in debt to my university to the tune of £1600 occurring from a stupid, stupid decision on my part.

(For those who care, I was assured in December I could renew from March till July in accommodation, this was yanked away from me in mid-January and I was expected to find a new place with them knowing I had no family who could help me out, no money to fall back on (NHS Bursary student = no student loans allowed) and general got told that 'it was my problem to deal with, not theirs'. To remedy this, I thought that I would stop paying their rent in a desperate attempt to claw back the money I needed for a deposit and first months rent).

I am meant to graduate in September, and have a job already lined up for the second I am finished (on a lower rate until officially qualified in September if the trust involved approves of this) however, I cannot graduate until this debt is cleared making the job start a bit skeptical at this moment in time.

So basically, my best method of clearing this debt is working, however I most likely can't work until the debt is cleared.

I'm not sure what loans are available out their to those still technically students (even if for one more month) as I have a strong feeling a loan will be my only way to resolve this and then endeavour to clear it ASAP when I start working (which I can actually budget for as I already know my salary).

So, I guess, in a nutshell, is there any form of loan company/bank out there who, knowing I have a job (I have proof of this with contracts/paperwork and people in the trust) and the means to repay, offer a delayed repayment of some sort (not even 6 months).

Thanks in advance to anyone taking the time to read/submit suggestions,

John (NoMansLand)

(sorry about the rambling nature of this again).

DCFC79

NoMansLand wrote: »

knowing I have a job (I have proof of this with contracts/paperwork and people in the trust) and the means to repay, offer a delayed repayment of some sort (not even 6 months).

There's no guarantee the job is actually yours since you havent started yet, it could well fall thrugh for many reasons. What about looking for agency work, selling anything that you dont need.

Tixy

Doesn't seem likely any lender would approve a new loan in this situation.

Do you have a student overdraft and credit card? and are they both maxed?
Aside from this debt what income do you have coming in and what are you living on at the moment?

I'd agree with DFC79 - that perhaps look for some form of income between now and september, even if thats part time work or work nothing to do with you career - anything you can find e.g. shelf-stacking/bar work /seasonal summer jobs etc.