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Student Accomadation

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  • MovingForwards
    MovingForwards Posts: 17,164 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Mortgage started 2020, aiming to clear 31/12/2029.
  • I am sure the private student accommodation will set up a payment plan if for some reason your loan won't cover the fees.  But it could also be a life lesson to help you live within your means i.e. rent accommodation you can pay for based on what you have coming in (the minimum figure not an optimistic figure).  I also would suggest contacting support services provided by the university but there is nothing to make the private accommodation reduce their fees or terms.  The loan should cover the final term. 
  • silvercar
    silvercar Posts: 49,969 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I am sure the private student accommodation will set up a payment plan if for some reason your loan won't cover the fees.  But it could also be a life lesson to help you live within your means i.e. rent accommodation you can pay for based on what you have coming in (the minimum figure not an optimistic figure).  I also would suggest contacting support services provided by the university but there is nothing to make the private accommodation reduce their fees or terms.  The loan should cover the final term. 
    The problem is that many students only survive by taking part time jobs to supplement their loan. These jobs may well have disappeared at the moment. Also many students are forced to rely on help from parents, as the government calculated loan is based on parental income; in this crisis parents may no longer be in a position to help.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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