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    • KRed89
    • By KRed89 10th Sep 17, 8:49 PM
    • 1Posts
    • 0Thanks
    Loans to study abroad
    • #1
    • 10th Sep 17, 8:49 PM
    Loans to study abroad 10th Sep 17 at 8:49 PM
    Hi All,

    I have been planning on studying abroad (Greece) for a Masters due to start next September. Up until now I had been planning on applying for Erasmus+ funding as any repayments were deferred until 6 months after graduating. Recently I have been told this is no longer available and so I am looking for alternative options.

    I have been looking into personal loans but, as it would need to cover 2 years of living costs, the loan amount required is reasonably significant - I estimate 15k in total. This amount along with the fact I would not be able to work whilst studying has left me with very few (if any) options that appear during searches on comparison sites. I currently have 5k in savings that I could use to cover monthly repayments during my studies, is this something companies would take into account on a loan application?

    Any advice/suggestions would be greatly appreciated as I have no experience in loans!

    A few additional points:

    - I have a very good credit history (no debts/missed payments etc)
    - I am unable to apply for the government masters loan in the UK due to already holding the qualification
    - As an older student, taking a couple of years to work and save up is not really an ideal option although I understand it may be the only one!

    Thanks in advance!
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 10th Sep 17, 9:24 PM
    • 24,966 Posts
    • 12,185 Thanks
    • #2
    • 10th Sep 17, 9:24 PM
    • #2
    • 10th Sep 17, 9:24 PM
    No UK bank will give you a loan if you are not in receipt of a salary.
    What goes around - comes around
    give lots and you will always receive lots
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