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Posts Tagged ‘students loan’

Student loans should be used by only those who require this financial assistance.
The financial help a new full-time student can get depends on the course, where they live while they are studying, and their individual circumstances.

Committing yourself to debt is an important decision to make, and students should not see this as free money when they go to university, or an excuse not to get a part-time job during their studies. Many individuals have no choice but to opt for the student loan route, due to lack of help from parents, lack of savings or lack of employment during their studies. In this case, taking out a student loan may be the best option for these individuals. However, if you are in a position to plod on without taking out this loan, or getting involved with apparently cheap credit cards, then it is advised that you do so.

It is only when you reach a certain level of earnings that you have to start paying back your student loan, but this should be a warning to all students out there. As graduates struggle to find well paid jobs and get a foot on the housing ladder, the last thing you really need is to be hit with debt repayments to the student loans company when you start to earn.

The best advice is to be sensible. If parents can help you, then take it. In the long term it is worthwhile not to be burdened with the repayments. However if you do need this financial assistance then go for it, but ensure that you are prepared for the future implications on your earnings once you reach the threshold.

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Student loans are the spawn of satan. I was unable to find a job after my studies were complete and I seem to have this huge loan hanging over my head. Because of the length of time that you are allowed to take the loan over it sits in the background until you are working and then bang your supposed to pay it back.

I understand that the rates are favourable, there isn’t really a rush to pay it back but just knowing its there for so long makes me feel particularly nervous.I like to be able to pay my own way, but a student loan was deemed to be the answers to all evils and wouldnt be any hassle at all.

For me its just a big mill stone around my neck and its a stress that I could live without when Im trying to find a decent job. In truth I never spent it on anything worthwhile, I borrowed more than I should of to pay the course materials and the day to day living and squandered more of it than I should of done.

I am truly paying the price for it now.

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Students loan a must

I see student loans as a simple necessary part of being a student. It is completely acceptable among students to get the biggest loan possible in the knowing that you will just have to pay it back someday in the future. Its no big hassle, as most of us expect to be working in our desired fields on graduation. The rates are favourable and you dont have to pay it back all at once, you can literally pay it back at your leisure when your circumstances warrant being able to pay it back.

I spend my student loans on bits and pieces I need for my course, books, pens, pencils etc. It helps me with my rent and to a certain extent it subsides my rent sometimes and my student lifestyle which may or may not involve drinking on a school night. Student loans are there to give you an easy ride so why not enjoy it while you can.

Read Full Post »

Student loans are the spawn of satan. I was unable to find a job after my studies were complete and I seem to have this huge loan hanging over my head. Because of the length of time that you are allowed to take the loan over it sits in the background until you are working and then bang your supposed to pay it back.

I understand that the rates are favourable, there isn’t really a rush to pay it back but just knowing its there for so long makes me feel particularly nervous.I like to be able to pay my own way, but a student loan was deemed to be the answers to all evils and wouldnt be any hassle at all.

For me its just a big mill stone around my neck and its a stress that I could live without when Im trying to find a decent job. In truth I never spent it on anything worthwhile, I borrowed more than I should of to pay the course materials and the day to day living and squandered more of it than I should of done.

I am truly paying the price for it now.

Read Full Post »