Money management problems/debt

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 

Parents
  • This is a serious problem! However, I understand that there are times when you will be left with no money at all. I am sorry that the university has rejected the application for a supplementary loan. I know NaviBanker compares loans from different banks worldwide and can choose the right one for you. The interest rate on loans is very important, especially for students. Don't borrow money from black creditors - nothing bad will happen to you, so banks and debt collectors act according to the law.

Reply
  • This is a serious problem! However, I understand that there are times when you will be left with no money at all. I am sorry that the university has rejected the application for a supplementary loan. I know NaviBanker compares loans from different banks worldwide and can choose the right one for you. The interest rate on loans is very important, especially for students. Don't borrow money from black creditors - nothing bad will happen to you, so banks and debt collectors act according to the law.

Children
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