Loans for studying abroad?

EEaa778

Does anyone know of any loans or schemes available for funding international studies in Europe? It would be around £80-90k minimum. Would need a few years after my degree ends to pay it off, so it can't be under 5 years pay off. Any advice would be greatly appreciated. 

CliveOfIndia

Well there's no way you'd get an ordinary personal loan.  For starters that is way above the maximum figure that any lender would give on an unsecured basis.  And you'd need to be making monthly repayments from day one, you can't defer payments (and the monthly payment would be pretty hefty, to say the least, on that amount).

I'd suggest your best bet would be to approach the university where you'll be studying and see if they offer any finance packages.  They're more likely than a high-street bank to have specialist finance packages available for just such a situation.

But that's a heck of a debt to be saddling yourself with.  Have you actually sat down and done the sums to see if it's even realistically viable?