Hi
So, she’s gone and done it. Got herself into debt, too proud to ask for help but has got to robbing Peter to pay Paul. She works around her studies. A harsh talk and reality check leaves us clearing her excess debt and arranged a sensible payment schedule so that the money is repaid. Lessons need to be learned and we cannot afford to give her the money.
My question is, her future maintenance loan will be paid to her monthly (via us her parents) so that she doesn’t blow it all in one go and hopefully eliminate her poor money management badly again. How do we pay it so that it doesn’t look like we’re taking her payment even though she’s having it back every month? I’m not sure I’m making myself clear. Basically, she will pay us her loan 3 times a year and we will give it to her divided over 12 months but we don’t want it to appear that our bank account is wealthier than it actually is, could this affect her future student finance applications?
Gosh I thought newborn baby stage was hard, teenagers and uni students is another level of parenting
Thanks