Tuesday, July 20, 2010

£6000 in student debt !!! HELP?

My friend is a foriegn student and a great guy, he owes £6000 in uni fee's from completing his 1st year, however the uni want it all back in one go and his next term starts soon... He is not eligible for a student loan, and he can't get a loan to pay this off because he is a student. How can he get out of this mess and carry on his studyies here??? PLEASE sensible answers only I WANT to help the guy!

£6000 in student debt !!! HELP?
Join the army. I WANT to help you. So tell him that there's schoolin' money in the Army. If your country works that way.
Reply:tell him to contact the student union, they might be able to help. most universitys have councillors he can talk to that will have loads of information about what grants he is eligible for and how he can cope.


im sure the uni want him to stay with them and they'll do their best to meet a compromise, maybe paying off the fees over a term instead of all in one go.


has he got a job? i had to put myself through uni by working 2 jobs.
Reply:Student Loan Consolidation


http://www.askaquery.com/question/Studen...
Reply:try a loan consolidation company


for example one on the site like:


http://federalloanconsolidation.50webs.c...
Reply:here tell him paddypower gave him £50 towards his debts and paddypower don't want it back!!! So now he only owes £5950 and i am sure the rest on here will contribute!
Reply:I do not know of any Uni. which does this. Most will do all they can to help. See his Year Tutor for advice - if it is a genuine Uni. IT WILL HELP.





Sorry. But I think this is a con. Like the ones we get in our In Box every day, from Nigeria etc.





If anyone is thinling of helping, I wouls say TREAD WARILY.
Reply:I'm sorry to hear that your friend is in debt, but don't you think kthat sort of thing could have been avoided if he was more organised before studying over here? Surely he knew it wasn't going to be free %26amp; that he would have to pay it back immediately?





He will have to delay his second year %26amp; get a job in the mean time.





There's not really any other option is there (unless you can pay it for him)?
Reply:I am sensible, 2 of my girls went to uni and paid for all of it by WORKING THEIR BUTTS OFF in their spare time, never going pubs etc, cooking cheap but wholesome meals, they had debt but not anything like this guy!! My girls did tell me lots of stories about their mates who got loads of debt though,,,, thet were the ones out drinking on borrowed money...get a life..get a part time job...
Reply:He might be able to receive assistance from his home university (if he's a foreign exchange student). Typically, fin/aid is not available to non-residents of any country, so his best bet is to try to be financed by his own.
Reply:well, the only way is to ask money from his parents, there's no other ways and tell him not to make the same mistake, he has to learn from it once he's free. second time mistakes, shame on him.
Reply:He could possibly ask his parents to loan him the money- or he could get an advance of $ if he has a job. Sorry that I couldn't help more.
Reply:To be honest I've never heard of a University doing that to someone before, i thought you had finish your exams etc and start earning of £15.00 before you could pay it back! £6000 pounds is alot of money to pay back before September, i feel for your friend as i know what debt does to you, he's better off doing a part time job and earning extra money.

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