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
Your son should have handled the money well. And if he knew what to do with money and what not - I'm sure he wouldn't have any financial problems. Unfortunately, this is a common problem not only for children but also for adults. Because of unnecessary spending, they lose money because they then get into debt and take loans to pay off debts. I have always tried to conduct [removed by Mod] before going to the bank and taking out a loan. Because the bank may offer an unfavourable offer, which I can agree to and face problems. And because people take such loans, they overpay and climb into debt again.