Published on 12, July, 2020
It took my son many years to get to university but with the right support he got there.
He has spent all of his student loan and now can't pay his rent, and his housemates are annoyed with him. His dad is in hospital and he's really struggling, he also has other health problems
We applied for a Hardship fund with the university but they rejected it because he had enough money from his student loan, but that is gone now. He also has loan sharks which is scary and making the problem worse. I don't think they've taken into consideration his needs and what that means for money management.
We are appealing it. I was wondering if there's any information we could put on the application to help win an appeal.
Thanks,
Michelle
Many people are taking loans, either for studies, either to open their small businesses. I think that student loans are an excellent opportunity for kids to get a real future. Even though it might be hard to cover those loans, but it can get more challenging in the future to get a paid job without having a college degree. Speaking of small business loans, you can check more information on (deleted by Mod). That's an excellent opportunity for people of all ages to make an exchange in their life and make their dreams come true.
Absolutely, loans can indeed open doors to valuable opportunities, whether for education or entrepreneurial pursuits. It's essential to weigh the long-term benefits against the challenges that may come with loan repayment.Student loans can be a stepping stone to a brighter future, providing access to education that might otherwise be financially challenging. Investing in education often enhances one's skill set, increasing the chances of securing a well-paying job in the future.