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Sponsored student and tuition loans
CamBo
Posts: 2 Newbie
Hi all, I am fortunate enough to be starting uni in September as a sponsored student and my employer will be paying my tuition fees by transferring me the cash to pay the uni fees. I have been advised to still apply for a tuition loan and then bank the employer's cash. the idea is that I will get interest on the cash that will outweigh the costs of the loan - and make me a profit. Is this feasible? I haven't noticed any ISA's etc that would appear to outperform the interest charged on a loan? Obviously I don't want to end up being worse off.
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Comments
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Hi all, I am fortunate enough to be starting uni in September as a sponsored student and my employer will be paying my tuition fees by transferring me the cash to pay the uni fees. I have been advised to still apply for a tuition loan and then bank the employer's cash. the idea is that I will get interest on the cash that will outweigh the costs of the loan - and make me a profit. Is this feasible? I haven't noticed any ISA's etc that would appear to outperform the interest charged on a loan? Obviously I don't want to end up being worse off.
If you fancy being fired for gross misconduct when your employer finds out go for it.0 -
Unlikely, seeing as it was their idea0
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