Professional studies loan
Hi
I was reading a post about the HSBC pro studies loan and it spoke about that on loans over £20,000 you have to secure the loan i.e on a house.
I was thinking...
Im 19 with no assets on which to secure a loan so if my parents were to secure the loan on their house and i was to get life insurance, should anything happen to me the insurance payout would surely pay off the loan wouldnt it?
Can anyone see any risks in this as far as my parents are concerned?
They dont want to have any financial risk for obvious reasons.
Thanks in advance
Dave